BEIJING, Feb. 21,
2024 /PRNewswire/ -- AirNet Technology Inc., formerly
known as AirMedia Group Inc. (the "Company") (Nasdaq: ANTE), today
announced changes in its senior management team.
Each of Ms. Dan Shao and Mr. Qing
Xu has tendered resignation as a director of the Company, effective
from February 20, 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. Ms. Dan Shao and Mr. Qing Xu will continue to serve
as the chief executive officer and executive president of the
Company, respectively, following their resignation from the board
of directors (the "Board"). Ms. Fuying
Yan has been appointed as the Company's co-chief executive
officer and director of the Board, effective from February 20, 2024. Mr. Shirong Tong has been appointed as an
independent director of the Board, effective from February 20, 2024. Upon the effectiveness of the
above-mentioned changes, the Board will consist of six directors,
including four independent directors.
Ms. Fuying Yan has been serving
as a chief executive officer at Beijing 365 Tourism Group since January 2019. Prior to that, Ms. Yan worked at
Beijing Flyer Alliance Aviation Services Co., Ltd. from
January 2016 to October 2018 as a regional vice president, at
China Resources C'estbon Beverages Co., Ltd. from June 2015 to January
2016 as a marketing director, and at the advanced training
center of Huadian Group Corporation from October 2013 to May
2015 as a secretary general. Ms. Yan received a bachelor's
degree in law from Hebei
University in May 2008, and a
master's degree in business administration from North China
Electric Power University in October
2021.
Mr. Shirong Tong has been serving
as an associate professor at Shaoyang University since September 2005. Prior to that, Mr. Tong worked at
Shandong Shanda Technology Group Co., Ltd. from August 2004 to August
2005 as a human resource manager, at the Shanghai branch of German Kappa Group from
March 2004 to July 2004 as a marketing manager, and at Shandong
Luneng Taishan Cable Co., Ltd. from July
1998 to August 2002 as a
marketing manager. Mr. Tong received a bachelor's degree in
economics from China Coal Economics College in July 1998, and a master's degree in business
administration from Tongji University in July 2005.
"I am thrilled to welcome Ms. Yan and Mr. Tong 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.
View original
content:https://www.prnewswire.com/news-releases/airnet-announces-changes-in-senior-management-team-302066822.html
SOURCE AirNet Technology Inc.