BEIJING, Dec. 13,
2024 /PRNewswire/ -- AirNet Technology Inc., formerly
known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq:
ANTE), today announced changes in its senior management team.
Each of Ms. Fuying Yan and Ms.
Tong Lin has tendered resignation as a director of the Company,
effective from December 13, 2024.
Their resignation was for personal reasons and did not result from
any disagreement with the Company on any matter relating to the
Company's operations, policies or practice. In addition, Ms.
Fuying Yan has also tendered
resignation as the co-chief executive officer of the Company for
personal reasons, effective from the same date. Mr. Yuan
Feng has been appointed as the Company's co-chief executive
officer and director of the Board, effective from December 13, 2024. Ms. Yanxiao Zhu has been
appointed as an independent director of the Board, effective
from the same date. Upon the effectiveness of the
above-mentioned changes, the Board will consist of five directors,
including three independent directors.
Mr. Yuan Feng had served as a deputy director of European and
American business department at Huayou New Energy Technology Co.,
Ltd. from October 2021 to
December 2024. Prior to that, Mr.
Feng worked at Royal Emirates Investment Authority from
November 2015 to September 2021 as a director of marketing and
from November 2011 to October 2015 as an assistant general manager for
two subsidiaries of the said authority, respectively. From
September 2010 to November 2011, Mr. Feng worked at China Central
Television as an English translator. Mr. Feng received a bachelor's
degree in international economics and trade from Xi'an University of Finance and Economics in
July 2010.
Ms. Yanxiao Zhu had served as a finance business partner at
Goodman Fielder from January 2023 to
September 2024. Prior to that, Ms.
Zhu worked at Fisher and Paykel Healthcare NZ as a cost accountant
from July 2019 to October 2022, at Oceania Dairy as an assistant
finance manager from October 2017 to
September 2018, and at Knowles
Corporation as a senior costing analysis from November 2013 to February
2016. Ms. Zhu received a bachelor's degree in applied
accounting from University of Oxford
Brookes in December 2009, and a
postgraduate diploma of professional accounting from Auckland University of Technology in
December 2016.
"I am thrilled to welcome Mr. Yuan Feng and Ms. Yanxiao
Zhu to our senior management team," commented Mr. Herman Man Guo, the chairman of the Board and
interim chief financial officer of the Company. "I look forward to
our collaboration as we advance our business growth
strategies."
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.
Company Contact
Penny Pei
Investor Relations
AirNet Technology Inc.
Tel: +86-10-8460-8678
Email: penny@ihangmei.com
View original
content:https://www.prnewswire.com/news-releases/airnet-announces-changes-in-senior-management-team-302331113.html
SOURCE AirNet Technology Inc.
