Xunlei (XNET) Announces Board Changes

Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that Mr. Ya Li has resigned from his role as the Company’s independent director for personal reasons, effective as of November 14, 2024. Followed by his resignation, the Board has appointed Mr. He Huang as an independent director of the Company effective as of November 14, 2024. Mr. Huang will also serve as a member of the compensation committee, the audit committee and the corporate governance and nominating committee.

Mr. Huang founded and has served as the chief executive officer of Beijing Duwo Technology Co., Ltd., an online education company operated under the brand name of Ipalfish, since 2015. He received a bachelor’s degree in computer science and a master’s degree in the same field from Beijing University of Technology in 2000 and 2003, respectively.

“I would like to extend my sincere gratitude and appreciation to Mr. Ya Li for his invaluable contributions and expertise to the Company. We are truly grateful for his unwavering commitment and the positive impact he has made during his tenure with us. I wish him continued success in all his future endeavors,” said Mr. Jinbo Li, Chief Executive Officer of Xunlei. “In addition, it is with great pleasure that we welcome Mr. He Huang as a new member of our Board. With his extensive background in corporate governance and management, we are confident that he will bring fresh perspectives and valuable insights to further enhance our strategic decision-making processes. We eagerly anticipate working closely with Mr. He Huang as we strive towards creating long-term value for our shareholders.”

You May Also Be Interested In

• Amazon launches Alexa+ across Canada
• NeuroSense receives South Korean patent for ALS drug PrimeC
• J.M. Smucker (SJM) PT Raised to $130 at UBS as 'Risk/Reward Skews to the Upside'