PR Newswire
BEIJING
, Aug. 12, 2025 /PRNewswire/ — AirNet Technology Inc. (Nasdaq: ANTE) (“AirNet” or the “Company”) today announced the appointment of Professor Yu Xiong as Chief Research and Innovation Advisor. In this advisory role, Prof. Xiong will provide strategic counsel to the Company’s board of directors and senior leadership as AirNet advances its transformation toward Web3 and cryptocurrency initiatives. Prof. Xiong will guide the Company in shaping AirNet’s long-term direction within the evolving Web3 and digital asset landscape, overseeing the innovation pipeline and product roadmap development for new blockchain-based technologies, and identifying strategic partnerships to advance the Company’s objectives.
Prof. Xiong currently serves as Associate Vice President (External Engagement) at the University of Surrey, Chair of Business Analytics at Surrey Business School, and Director of the Surrey Academy for Blockchain and Metaverse Applications. He also chairs the Advisory Board for the UK All-Party Parliamentary Group on Metaverse and Web 3.0. His research includes co-authoring a Nature Communications study on the sustainability of Bitcoin blockchain operations in China.
“We’re entering a new phase of innovation at AirNet,” said Mrs. Dan Shao, Chief Executive Officer of AirNet. “Prof. Xiong’s track record at the intersection of blockchain, tokenomics and commercialization will help us move faster and with greater confidence.”
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the inability to complete the transactions contemplated by the LOI due to the failure to meet certain closing conditions; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the LOI; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.
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SOURCE AirNet Technology Inc.
