BEIJING, March 11,
2024 /PRNewswire/ -- AirNet Technology Inc., formerly
known as AirMedia Group Inc. (the "Company") (Nasdaq: ANTE), today
announced changes in its board of directors (the "Board").
Mr. Dong Wen has tendered
resignation as an independent director of the Company, a member of
the audit committee of the Board, and the chairperson and a member
of each of the compensation committee and compliance committee of
the Board, effective from March 8,
2024. Mr. Hua Zhuo has tendered resignation as an
independent director of the Company and a member of each of the
audit committee, the compensation committee and the compliance
committee of Board, effective from the same date. 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. Tong Lin has been appointed as an independent director
of the Board, a member of each of the audit committee and the
compensation committee of the Board, and the chairperson and a
member of the compliance committee of the Board, effective from
March 8, 2024. Ms. Tong Lin had been
serving as a director of human resources at Hong Kong Strength
Company Group from March 2020 to
June 2022. Prior to that, Ms. Lin
worked at Haier Group Corporation from May 2014 to September
2019 as a director of human resources and at Geliahao Group
from June 2006 to September 2013 as a human resources specialist.
Ms. Lin received a bachelor's degree in accounting from
Northeastern University in June 2006, and a master's degree in executive
business administration from Tsinghua Shenzhen International
Graduate School in June 2013. In
addition, Mr. Shirong Tong has been
appointed as a member of each of the audit committee and compliance
committee of the Board as well as the chairperson and a member of
the compensation committee of the Board, effective from
March 8, 2024.
Upon the effectiveness of the above-mentioned changes, the
Board will consist of five directors, including three independent
directors, and each of the audit committee, the compensation
committee and the compliance committee of the Board will
consist of Mr. Songzuo Xiang, Mr. Shirong
Tong and Ms. Tong Lin. Mr. Songzuo Xiang is the chairperson
of the audit committee of the Board, Mr. Shirong Tong will be the chairperson of the
compensation committee and Mr. Tong Lin will be the chairperson of
the compliance committee.
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.
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SOURCE AirNet Technology Inc.