AirNet Announces Annual General Meeting Date and Proposed Increase of Authorized Share Capital
May 02 2024 - 4:00AM
AirNet Technology Inc., formerly known as AirMedia Group Inc.
(“AirNet” or the “Company”) (Nasdaq: ANTE), today announced that it
has called an annual general meeting of shareholders (the “AGM”),
to be held at Suite 301, No. 26 Dongzhimenwai Street, Chaoyang
District, Beijing 100027, People’s Republic of China on May 31,
2024 at 10:00 A.M. (Beijing time). The proposal to be submitted for
shareholders’ approval at the AGM is to consider and vote on the
resolution to increase the authorized share capital of the Company
from US$1,000,000 divided into 22,500,000 ordinary shares of a
nominal or par value of US$0.04 each and 2,500,000 preferred shares
of a nominal or par value of US$0.04 each to US$40,000,000 divided
into 900,000,000 ordinary shares of a nominal or a par value of
US$0.04 each and 100,000,000 preferred shares of a nominal or par
value of US$0.04 each, by the creation of an additional 877,500,000
ordinary shares with a par value of US$0.04 each and 97,500,000
preferred shares with a par value of US$0.04 each.
The record date (the “Record Date”) for determining the
shareholders entitled to receive notice of the AGM or any
adjournment or postponement thereof has been set as May
2, 2024. Holders of record of the Company’s ordinary shares at
the close of business on the Record Date are entitled to attend the
AGM and any adjournment or postponement thereof in person.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “will,”
“expects,” “is expected to,” “anticipates,” “aim,” “future,”
“intends,” “plans,” “believes,” “are likely to,” “estimates,”
“may,” “should” and similar expressions. The Company may also make
written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission,
in its annual reports to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
are based upon management’s current expectations and current market
and operating conditions, and involve inherent risks and
uncertainties, all of which are difficult to predict and many of
which are beyond the Company’s control, which may cause its actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Further information is
included in the Company’s filings with the U.S. Securities and
Exchange Commission. All information provided in this announcement
is as of the date of this announcement, and the Company does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under law.
Contact
Penny Pei Investor Relations AirNet Technology
Inc. Tel:
+86-10-8460-8678 Email: penny@ihangmei.com
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