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AirNet Technology (ANTE) announces management, board changes

February 21, 2024 6:16 AM EST

AirNet Technology Inc., formerly known as AirMedia Group Inc. (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."



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Board Changes, Management Changes