Xunlei Announces Changes to its Board of Directors

November 14, 2024 by No Comments

SHENZHEN, China, Nov. 14, 2024 — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, announced that Mr. Ya Li has resigned from his position as an independent director, effective November 14, 2024. The Board has appointed Mr. He Huang as an independent director, also effective November 14, 2024. Mr. Huang will serve on the compensation, audit, and corporate governance and nominating committees.

Mr. Huang is the founder and CEO of Beijing Duwo Technology Co., Ltd., an online education company known as Ipalfish, since 2015. He earned a bachelor’s and master’s degree in computer science from Beijing University of Technology in 2000 and 2003, respectively.

“We are grateful for Mr. Ya Li’s contributions and wish him well in his future endeavors,” said Mr. Jinbo Li, CEO of Xunlei. “We welcome Mr. He Huang to the Board. His experience in corporate governance and management will be valuable as we make strategic decisions.”

About Xunlei

Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of words such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “estimates” and similar statements. These statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company’s ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company’s ability to keep up with technological developments and users’ changing demands in the internet industry; the Company’s ability to convert its users into subscribers of its premium services; the Company’s ability to deal with existing and potential copyright infringement claims and other related claims; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company’s ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Investor Relations
Xunlei Limited
Email: ir@xunlei.com 
Tel: +86 755 6111 1571
Website: http://ir.xunlei.com