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China Finance Online Appoints President Internally

BEIJING, Feb. 28 /Xinhua-PRNewswire/ -- China Finance Online Co. Limited (NASDAQ:JRJC) , a leading Chinese online financial information and listed company data provider, today announced the promotion of vice president and Chief Financial Officer, Mr. Sam Qian, to the position of President and Chief Financial Officer. Mr. Qian will oversee all major operations of China Finance Online and will be responsible for financial management and strategy.
"I am extremely pleased with Sam Qian's promotion. Sam's joining us has enhanced our management team's leadership and added depth. He has been instrumental in helping the company to grow into a publicly listed company. In the past year, Sam has consistently demonstrated his management and execution capabilities," commented Jun Ning, Chairman and CEO of China Finance Online.

Sam Qian joined China Finance Online in April 2004 and served as vice president and Chief Financial Officer. Prior to joining the company, he was a vice president of Sohu.com Inc., a Chinese Internet portal, from March 2000 to March 2004. From July 1996 to February 2000, Mr. Qian was an associate director in the risk management group of Barclays Capital, a financial services corporation. Mr. Qian received a Ph. D. degree in Astrophysics from Columbia University, where he was a Bakhmeteff fellow in fluid dynamics.

About China Finance Online Co. Limited

China Finance Online Co. Limited specializes in providing online financial and listed company data and information in China. Through its website, http://www.jrj.com/ , the company offers subscription-based service packages that integrate financial and listed company data and information from multiple sources with features and functions such as data and information search, retrieval, delivery, storage and analysis. These features and functions are delivered through proprietary software available by download.

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