BEIJING, May 27, 2019 /PRNewswire/ -- AirNet Technology
Inc., formerly known as AirMedia Group Inc. ("AirNet" or the
"Company") (Nasdaq: AMCN), an in-flight solution provider on
connectivity, entertainment, and digital multimedia in China,
today announced the results of its extraordinary general meeting of
shareholders held in Beijing on
May 27, 2019 (the "2019 EGM").
At the 2019 EGM, the shareholders of AirNet approved the
following, as special resolutions, effectively
- the name of the Company be changed from "AirMedia Group Inc."
to "AirNet Technology Inc.".
- the amended and restated memorandum and articles of association
of the Company currently in effect be amended and restated by the
deletion in its entirety and the substitution in its place of the
Second Amended and Restated Memorandum and Articles of Association
attached as Appendix III of the notice of extraordinary general
meeting dated April 17, 2019.
About AirNet Technology Inc.
Incorporated in 2007 and headquartered
in Beijing, China, AirNet (Nasdaq: AMCN) provides
in-flight solutions to connectivity, entertainment and digital
multimedia in China. Collaborating with our partners, AirNet
empowers Chinese airlines with seamlessly immersive Internet
connections through a network of satellites and land-based beacons,
provides airline travelers with interactive entertainment and a
coverage of breaking news, and furnishes corporate clients with
advertisements tailored to the perceptions of the travelers. For
more information, please visit us
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's business
strategies and initiatives as well as the Company's business plans;
the Company's future business development, results of operations
and financial condition; expected changes in the Company's revenue
and certain cost or expense items; trends and competition
in China; general economic and business conditions
in China; and other risks detailed in the Company's filings
with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy
and financial needs. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results.
For more information, please contact:
Director, Investor Relations
AirNet Technology Inc.
SOURCE AirNet Technology Inc.