BEIJING, Nov. 22, 2016 /PRNewswire/ -- VisionChina Media
Inc. ("VisionChina Media" or "the Company") (Nasdaq: VISN),
China's largest out-of-home
digital television advertising network on mass transportation
systems and the leading provider of urban mass transit Wi-Fi, today
announced that it will hold its 2016 annual general meeting of
shareholders at the offices of Simpson Thacher & Bartlett, 35/F
ICBC Tower, 3 Garden Road, Central, Hong
Kong, at 10:30 a.m.
Beijing/Hong Kong time on December 29, 2016 (9:30
p.m. U.S. Eastern Time on December
28, 2016). The Company fixed the close of business on
November 23, 2016 as the record date
for the determination of shareholders entitled to notice of, and to
vote at the 2016 annual general meeting of shareholders.
The Company has filed its annual report on Form 20-F, including
its audited financial statements for the fiscal year ended
December 31, 2015, with the U.S.
Securities and Exchange Commission (the "SEC"). The Company's Form
20-F can be accessed on the Investor Relations section of the
Company's website at http://www.visionchina.cn as well as on the
SEC's website at https://www.sec.gov. The notice of the 2016
annual general meeting of shareholders and the proxy statement
related to the meeting are also available on the Investor Relations
section of the Company's website.
About VisionChina Media Inc.
VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home
advertising network on mass transportation systems, including buses
and subways. As of December 31, 2015,
VisionChina Media's advertising network included approximately
88,844 digital television displays on mass transportation systems
in 19 of China's economically
prosperous cities, including Beijing, Guangzhou and Shenzhen, as secured by exclusive agency
agreements or joint venture contract. VisionChina Media has the
ability to deliver real-time, location-specific broadcasting,
including news, stock quotes, weather and traffic reports, and
other entertainment programming.
In addition, VisionChina Media, through its consolidated
affiliate Qianhai Mobile, has secured exclusive concession rights
for bus Wi-Fi services in 25 cities across China, including Shanghai, Shenzhen, Guangzhou and Tianjin, covering approximately 80,000 buses.
Currently, Qianhai Mobile provides free Wi-Fi Internet services on
over 35,000 buses under the brand name "VIFI," spanning over 12
million commuters and providing over 6 million Wi-Fi service
sessions per day.
For more information, please visit
http://www.visionchina.cn.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates" and similar statements.
Among other things, the quotations from management in this press
release contain forward-looking statements. Such statements involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
Further information regarding these and other risks is included in
the Company's filings with the U.S. Securities and Exchange
Commission, including its registration statement on Form F-1 and
its annual report on Form 20-F. 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 applicable law.
For investor and media inquiries, please contact:
In China:
Ms. Shuning Yi
Investor Relations Department
VisionChina Media Inc.
Tel: +86 134-2090-9426
E-mail: shuning.yi@visionchina.cn
Mr. Ross Warner
The Piacente Group, Inc.
Tel: +86 (10) 6535-0149
E-mail: visionchina@tpg-ir.com
In the United
States:
Mr. Alan Wang
The Piacente Group, Inc.
Tel: +1 212-481-2050
E-mail: visionchina@tpg-ir.com
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SOURCE VisionChina Media Inc.
