AirMedia Announces Appointments of New Independent Directors

AirMedia Group Inc.(Nasdaq: AMCN), operator of the largest digital media network in China dedicated to air travel advertising, today announced the appointment of Junjie Ding and Songzuo Xiang as independent directors to the board, replacing Zhenyu Wang and Ms. Xiaojun Shang.

Herman Man Guo, AirMedia’s Chairman and Chief Executive Officer said, “We warmly welcome Mr. Xiang and Mr. Ding to our board of directors, and I am confident that AirMedia will benefit greatly from the depth of experience they bring. We are pleased to now have audit and compensation committees comprising solely independent directors, whichreflects AirMedia’s commitment to strong corporate governance. I would also like to express our deepest appreciation for the contributions of our departing directors, Ms. Xiaojun Shang and Mr. Zhenyu Wang.”

Songzuo Xiang joined AirMedia’s audit committee, replacing Xiaoya Zhang, AirMedia’s President, who will remain a member of the board. Junjie Ding joined AirMedia’s compensation committee, replacing Herman Man Guo, who will remain the Chairman of the Board.

Mr. Ding is a vice president of the Communication University of China and the deputy officer of the China Advertising Association of Commerce. With nearly 20 years of experience in the media and advertisement industry, Mr. Ding is the editor of various periodicals, such as International Advertising and the Annual Book of Chinese Advertising Works. He received his Ph.D. degree in communications in 2003 from the Communication University of China.

Dr. Songzuo Xiang previously served as the Deputy Director of the Fund Planning Department at the People’s Bank of China Shenzhen Branch and was an investment manager at Shenzhen Resources & Property Development Group.He was a visiting scholar at Columbia University from May 1999 to July 2000 and at Cambridge University from October 1998 to May 1999. Dr. Xiang received his Master’s degree in International Affairs from Columbia University, his Master’s degree in Management Science and his Ph.D. degree in Economics from Renmin University of China.

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