AirNet Technology Inc. (Nasdaq: ANTE) ("AirNet" or the "Company") proudly congratulates its Chief Research & Innovation Advisor, Professor Yu Xiong, on his election as a Fellow of the Academy of Social Sciences. The Academy of Social Sciences is the UK's national academy for academics, practitioners and learned societies in the social sciences. This fellowship recognizes his pioneering research in digital innovation, particularly in the Web3 space.

A recognized scholar on the societal impact of new technologies, Professor Xiong's research offers important insights into the future of the digital economy. He heads the Surrey Academy for Blockchain and Metaverse Applications (SABMA) and co-authored a pioneering study inNature Communicationsquantifying the climate impact of Bitcoin. As Chief Research & Innovation Advisor of the Company, Professor Xiong's expertise in the practical implications of digital assets, blockchain, and the metaverse provides valuable guidance to AirNet.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

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SOURCE AirNet Technology Inc.

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