BEIJING, May 31, 2024
/PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia
Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today
announced that it held its annual general meeting of shareholders
on May 31, 2024. At the meeting, the shareholders resolved by
an ordinary resolution to increase the authorized share capital of
the Company from US$1,000,000 divided
into 22,500,000 ordinary shares of a nominal or par value of
US$0.04 each and 2,500,000 preferred
shares of a nominal or par value of US$0.04 each to US$40,000,000 divided into 900,000,000 ordinary
shares of a nominal or a par value of US$0.04 each and 100,000,000 preferred shares of
a nominal or par value of US$0.04
each, by the creation of an additional 877,500,000 ordinary shares
with a par value of US$0.04 each and
97,500,000 preferred shares with a par value of US$0.04 each.
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.
Contact
Penny Pei
Investor Relations
AirNet Technology Inc.
Tel:
+86-10-8460-8678
Email: penny@ihangmei.com
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SOURCE AirNet Technology Inc.