AirNet Technology Inc., formerly known as AirMedia Group Inc., an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced a change in its management.
Mr. Xin Li has tendered his resignation as the chief financial officer of the Company, effective from March 5, 2021.
The Board has accepted Mr. Li’s resignation and appointed Mr. Herman Man Guo, chairman and chief executive officer of the Company, as its interim chief financial officer until a suitable candidate for chief financial officer is identified. Furthermore, the Board has approved a consultancy agreement engaging Mr. Li as a consultant to the Company until September 4, 2021.
“On behalf of the board of directors and management, I would like to thank Mr. Li for all his contributions to the Company and wish him the very best in the future,” commented Mr. Herman Man Guo, chairman and chief executive officer of the Company. “In the meantime, the Company will look for the suitable candidate for chief financial officer during this transition period.”