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.

Transforming the Future of Flexible Manufacturing

P&R Measurement will showcase AI-empowered precision solutions and interactive technologies at CES 2025, driving innovation in intelligent measurement and control industry and redefining user experiences.

LAS VEGAS, Jan. 3, 2025 /PRNewswire/ — P&R Measurement, a leader in precision measurement and control solutions, will unveil its transformative systems and interactive technologies infused with AI solution at CES 2025, held January 7–10 in Las Vegas. Aligned with CES’s theme “Dive In,” the company will debut revolutionary products that merge AI innovation with engineering excellence, driving the transformation of intelligent manufacturing.

Aligned with the AI & AI Agent Strategy, P&R Measurement will present its enhanced brand vision, “Empowering everyone to be an innovator,” by showcasing the AOB (Automated Operation Business) and AEB (Automated Engineering Business) series. These AI-empowered solutions represent a leap forward in precision engineering, setting new benchmarks for intelligence and efficiency while opening new opportunities in industrial applications.

A highlight of the exhibit will be PRIME, P&R Measurement’s AI Agent that translates natural language into engineering language, empowering seamless communication between natural language and engineering equipment. Other featured technologies include flexible manufacturing solutions powered by A2TP, sensory testing with A2S Lab, and digital intelligence concepts designed with Smart Lab, pushing the boundaries of automation and innovation.

The company will also introduce interactive, user-focused products, such as Roborista, an AI coffee-making application offering barista-quality coffee via simple conversations, and PingPong, an interactive table tennis system that simulates lifelike gameplay using robotics and machine learning.

As part of its GD3 (Global Distributed Design and Delivery) Strategy, the company is revolutionizing the business model by leveraging global resources, ensuring seamless integration of its AI-empowered solutions into diverse markets and industries worldwide.

Visit P&R Measurement at CES 2025 (Booth #41068, LVCC South Hall 3, Upper Level) to experience these innovations firsthand and explore how the company is shaping the future of intelligent manufacturing.

For more information, visit the P&R Measurement website at
https://prmeasure.com/

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BOSTON, Jan. 3, 2025 /PRNewswire/ — Later, a leader in influencer marketing and social media management software and services, today announced its acquisition of Mavely, the leading Everyday Influencer Platform.® This acquisition accelerates Later’s ability to deliver full-funnel impact and measurable ROI for marketers while enabling creators to maximize their earnings through social commerce. The deal, valued at $250 million, was funded with a strategic investment from global growth equity investor, Summit Partners.

Later’s acquisition of Mavely from Rhyz Inc, a subsidiary of Nu Skin Enterprises (NYSE:NUS), extends its capabilities deeper into the purchase funnel, enabling end-to-end creator-driven marketing from awareness to conversion. Later’s AI predictive analytics will now leverage first-party performance data from Mavely’s network of more than 120,000 creators who have driven over $1 billion in gross merchandising volume (GMV) across over 1,400 major brands including Nike, Anthropologie, Lululemon, Macy’s, Old Navy and Adidas.

“Bringing Mavely under the Later umbrella is a major step in redefining how marketers and creators work together,” says Scott Sutton, CEO of Later. “Mavely brings incredible technology, expertise, and a shared vision. By combining our strengths, we are enhancing the value we provide to marketers and empowering creators to build sustainable, income-generating businesses. This move enables us to deliver a seamless, full-funnel experience for marketers—offering return-on-ad-spend (ROAS) based campaigns and driving predictable, attributable outcomes. Through this acquisition, we’re able to create new and better opportunities for our clients, employees, and the entire creator ecosystem.”

Mavely’s cofounders and leadership team—CEO Evan Wray, CTO Sean O’Brien, and CFO Kevin Kenefick—will join Later’s leadership team and will play pivotal roles in shaping the future of the company.

“We’ve always believed in the power of creators to drive authentic engagement and real business outcomes, at scale,” said Evan Wray, CEO of Mavely. “Joining forces with Later allows us to take this to the next level, creating a more comprehensive platform that delivers value to both creators and marketers. Together, we’re building a future where creators are at the center of the marketing ecosystem, and brands have the tools they need to connect with their audiences in impactful and measurable ways.”

Later will continue to focus on helping its clients level up their influencer marketing strategies by combining the strengths of both platforms to drive innovation, enhance creator collaboration, and help marketers plan, budget, forecast, and deliver measurable, impactful results with greater confidence. Mavely will continue to focus on providing a world-class creator experience to maximize creator earnings and accelerate this vision through the business combination.

For more information, visit www.later.com.

About Later
Later is the enterprise leader in social media and influencer marketing software, services, and data. Our integrated platform helps brands, agencies, and creators maximize return on social through streamlined creator partnerships and campaign management. Backed by proprietary data and deep integrations with leading social platforms, Later helps marketing leaders find predictable revenue drivers in the creator economy. Learn more at later.com.

About Mavely
Mavely is the Everyday Influencer Platform® that empowers real people to monetize their content by promoting the world’s favorite brands. Deploying a performance-driven approach to influencer marketing, Mavely’s network of creators drives hundreds of millions of dollars each year in sales for brand partners across diverse niches and platforms, with attributable data from post to purchase. Learn more about Mavely at joinmavely.com.

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SOURCE Later