SHENZHEN, China, Sept. 23, 2024 — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that its board of directors has appointed Mr. Hui Duan and Mr. Xiaosong Li as new members, effective immediately.
Mr. Hui Duan previously served as a director of Xunlei from April 2020 to September 2023. He currently holds the position of Chief Technology Officer at Beijing Itui Technology Co., Ltd. Before that, Mr. Duan founded his own company offering SaaS tools and services from October 2015 to 2017. From April 2008 to April 2015, Mr. Duan held various management roles at Xunlei, including vice president and CEO of a major subsidiary. Mr. Duan earned his EMBA degree from China Europe International Business School in 2015, and a bachelor’s degree in computer science from Peking University in 2001.
Mr. Xiaosong Li has been serving as the Vice President of AGI Business at Xunlei since December 2023. From March 2018 to November 2023, he was a technology partner at Beijing Itui Technology Co., Ltd., leading research and development in the field of artificial intelligence. From March 2008 to March 2018, he worked at Baidu Search Ads (Phoenix Nest), progressively advancing his career to become the Chief Architect. He holds a bachelor’s degree in software engineering from Northwestern Polytechnical University (2005) and a master’s degree in computer system architecture from Chinese Academy of Sciences (2008).
Mr. Jinbo Li, Chairman and Chief Executive Officer of Xunlei, welcomed the new directors, stating, “On behalf of the board, I extend our warmest welcome to Hui Duan and Xiaosong Li. We look forward to collaborating with them, leveraging their industry expertise and exceptional management experience to create value for our shareholders.”
About Xunlei
Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China. Xunlei offers a 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. Forward-looking statements can be identified by terminology such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “estimates,” and similar expressions. These statements, including management’s quotes and the Company’s strategic, operational, and acquisition plans, involve known and unknown risks and uncertainties based on current expectations, assumptions, estimates, and projections. 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. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy, and investors are cautioned that actual results may differ materially. 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