AirMedia names 2 new directors

7 January 2014

AirMedia Group Inc. (NASDAQ: AMCN) said it has appointed Dr. Jack Qunyao Gao and Peixin Xu as directors of the company, with Dr. Gao being an independent director, effective January 1, 2014.

Both Xu and Dr. Gao were nominated by Bison Capital Holding Company Ltd. in connection with Bison Capital´s investment in AirMedia through its purchase of 8,100,000 American Depositary Shares from Global Gateway Investments, Ltd.

Dr. Gao has over 20 years of executive experience in software, media, entertainment and venture capital. He holds a PhD, master and B.S in engineering from Harbin Institute of Technology and University of California, Los Angeles.

Xu is the founder of Bison Capital. He has a B.A. in business administration from the Tianjin University of Commerce.

AirMedia Group is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. For more information about AirMedia, visit http://www.airmedia.net.cn.

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