NEW YORK, NY--(Marketwire - September 30, 2010) - China INSOnline Corp. (NASDAQ: 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. ("Dingneng") 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.