BEIJING, Jan. 3, 2025
/PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia
Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), today
announced the appointment of Assentsure PAC ("Assentsure") as the
Company's independent registered public accounting firm to replace
Audit Alliance LLP ("Audit Alliance"), effective January 2, 2025. The change of the Company's
independent auditor was made after careful consideration and
evaluation process and was approved by the board of directors of
the Company (the "Board") and the audit committee of the Board.
During each of the years ended December
31, 2022 and 2023, and during the subsequent period through
January 2, 2025, there have been no
(1) "disagreements" (as defined in Item 16F(a)(1)(iv) of Form
20-F and the related instructions thereto) between the Company and
Audit Alliance on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreement, if not resolved to the satisfaction of Audit
Alliance, would have caused Audit Alliance to make reference to the
subject matter of the disagreement thereto in its reports on the
consolidated financial statements for such years, or (2)
"reportable events" as that term is described in accordance with
Item 16F(a)(1)(v) of Form 20-F.
During the Company's two most recent fiscal years ended
December 31, 2023, and the subsequent
period prior to the Company's engagement of Assentsure, neither the
Company nor anyone acting on its behalf consulted Assentsure with
respect to (1) the application of accounting principles to a
specified transaction, either completed or proposed, or the type of
audit opinion that might be rendered on the Company's consolidated
financial statements, and neither a written report nor oral advice
was provided to the Company that Assentsure concluded was an
important factor considered by the Company in reaching a decision
as to any accounting, auditing or financial reporting issue, (2)
any matter that was the subject of a disagreement, as that term is
defined in Item 16F(a)(1)(iv) of the instructions to Form
20-F, or (3) any reportable event as defined in Item 16F(a)(1)(v)
of the instructions to Form 20-F.
The Company is working closely with Assentsure and Audit
Alliance to ensure a seamless transition.
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.
Company 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.