China Finance Online Announces Vice President and COO Bo Wu’s Resignation

Beijing, China—August 9, 2005-- China Finance Online Co., Limited (Nasdaq:JRJC), a leading Chinese online financial information and listed company data provider, today announced that Mr. Bo Wu has resigned as Vice President and Chief Operating Officer of the company for family reasons, effective immediately. Mr. Bo Wu will move back to Shanghai to spend more time with his family.

"We regret Bo Wu's resignation and appreciate his contribution to the company in the past one year. We wish him all the best in his new endeavors.” said Zhiwei Zhao, Chief Executive Officer of China Finance Online.

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, 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.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Potential risks and uncertainties include, but are not limited to, China Finance Online's historical and possible future losses, limited operating history, uncertain regulatory landscape in the People's Republic of China, fluctuations in quarterly operating results, failure to successfully compete against new and existing competitors, and the company's reliance on Chinese stock market and raw data providers. Further information regarding these and other risks is included in China Finance Online's annual report on Form 20-F for the year ended December 31, 2004, and other filings with the Securities and Exchange Commission. China Finance Online does not undertake any obligation to update any forward-looking statements, except as required under applicable law.

For further information please contact:
Jing Wu
China Finance Online Co. Limited
Tel: (+86-10) 5832-5288
Email: ir@jrj.com