AirNet Announces Results of Annual General Meeting

Core Points - AirNet Technology Inc. held its annual general meeting of shareholders on May 31, 2024, where a resolution was passed to increase the authorized share capital significantly [1] Group 1: Share Capital Increase - The authorized share capital of the Company was increased from US$1,000,000 to US$40,000,000 [1] - The new structure includes 900,000,000 ordinary shares and 100,000,000 preferred shares, both with a par value of US$0.04 each [1] - An additional 877,500,000 ordinary shares and 97,500,000 preferred shares were created as part of this increase [1]