DEADLINE ALERT: GPM Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit Against China Finance Online Co.

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray ("GPM") reminds investors that a class action lawsuit has been filed on behalf of a class investors who purchased shares of China Finance Online, Co. ("China Finance" or the "Company") JRJC between May 6, 2014 through June 3, 2015, inclusive (the "Class Period"), and have been damaged by the recent declines in the Company's stock price. China Finance investors must file a motion by August 4, 2015 for consideration as a class representative in this purported class action.

The lawsuit alleges that the Company and its executives violated securities laws, based on recent reports alleging that: (1) the most current Chinese government records show that Chairman and CEO Zhiwei Zhao suddenly resigned from his positions at three key Chinese VIE subsidiaries of China Finance over the past few months; (2) Chinese media reports exposing the detention of the Company's independent director Rongquan Leng prompted China Finance to announce his resignation, without addressing his alleged detention; and (3) Ling Wang, a former long-time China Finance director and associate of Zhao, fled China in 2014, leaving his company indebted to China Finance for $25 million.

The complaint further alleges that when the truth was finally revealed regarding the Company's executives criminal history, shares of China Finance fell $1.28 per share, to close on June 3, 2015 at $5.67, a one-day decline of 22% on volume of over 3 million shares.

Investors of China Finance securities may move the Court no later than August 4, 2015 to serve as lead plaintiff. If you have information or would like to learn more about these claims, or have any questions concerning this announcement, please contact Casey Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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