China INSOnline Corp. Entered Into Letter of Intent to Merge With Dingneng

China INSOnline Corp. CHIO announced today that it has entered into a letter of intent dated September 27, 2010 related to a proposed transaction offered by Dingneng Bio-Technology Co., Ltd. to acquire common shares of CHIO through merger, direct exchange or any other form in one or a series of mutually agreed upon transactions. In connection with the transaction, Dingneng will become a subsidiary of CHIO. The proposed transaction is subject to satisfactory completion of due diligence by Dingneng, the execution of definitive agreements, the approval from the related regulatory bodies and the approvals of both the board of directors and the shareholders of CHIO and Dingneng.