AirNet Entered Into Investment Agreement With Northern Shore Group Ltd.

BEIJING, Feb. 5, 2021 /PRNewswire/ -- AirNet Technology Inc., formerly known as AirMedia Group Inc. ("AirNet" or the "Company") (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia inChina, today announced that on February 4, 2021, it has entered into an investment agreement (the "Agreement") with Northern Shore Group Ltd. ("Northern Shore"), an unaffiliated party of the Company.