Xunlei Announces Changes In Board Of Directors

SHENZHEN, China, Nov. 25, 2016 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq:XNET), a leading cloud-based acceleration technology company in China, today announced the appointment of Mr. Tao Zou as a director of the Company and the resignation of Dr. Hongjiang Zhang as a director of the Company, due to his intended retirement, effective December 1, 2016.

Mr. Tao Zou has been appointed as a director of the Company, replacing Dr. Zhang, effective December 1, 2016. Mr. Zou, who has worked at Kingsoft Corporation Limited ("Kingsoft") and its subsidiaries for approximately twenty years, is currently an executive director and senior vice president of Kingsoft as well as the chief executive officer and a director of Seasun Holdings Limited, a subsidiary of Kingsoft. Mr. Zou has also been appointed as the chief executive officer of Kingsoft, effective December 1, 2016 and a director of certain subsidiaries of Kingsoft, such as Cheetah Mobile Inc. and Kingsoft Cloud Holdings, effective December 1, 2016. He graduated from Tianjin Nankai University in 1997.

"We would like to thank Dr. Zhang for his valuable dedication and outstanding contributions over these years. We wish him the very best in all his future endeavors. We would also like to express our warmest welcome to Mr. Zou. We believe that Mr. Zou's experience and industry expertise will bring significant value to Xunlei," said Mr. Sean Shenglong Zou, Chairman and Chief Executive Officer of Xunlei.

About Xunlei

Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

If you liked this article you might like

7 Stocks Under $10 Making Big Moves Higher

4 High-Volatility Stocks to Watch for Breakouts

5 Stocks Under $10 Set to Soar: J.C. Penney, Amarin and More

3 Tech Stocks Under $10 Ready for Breakouts: Ifosonics and More

Xunlei Is Now Oversold (XNET)