Xunlei Announces Change of Management

Rhea-AI Summary

Xunlei Limited (Nasdaq: XNET) announced the resignation of Mr. Weimin Luo as Chief Operating Officer effective June 1, 2021, for personal reasons. Mr. Luo will continue to support the company as a strategy consultant. The CEO, Mr. Jinbo Li, expressed gratitude for Mr. Luo's contributions and wished him continued success. Founded in 2003, Xunlei is a leader in shared cloud computing and blockchain technology in China, providing various services aimed at enhancing internet efficiency.

Positive

• Mr. Weimin Luo will remain with the company as a strategy consultant, ensuring continuity.

Negative

• The resignation of a COO can create uncertainty in leadership.

SHENZHEN, China, June 01, 2021 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei”) (Nasdaq: XNET), a leading innovator in shared cloud computing and blockchain technology in China, announced today that Mr. Weimin Luo has resigned from his role as the Company’s Chief Operating Officer for personal reasons. The resignation became effective on June 1, 2021. Following his resignation, Mr. Luo will continue to support the Company and serve as its strategy consultant.

“I would like to thank Mr. Weimin Luo for his contributions to the Company and wish him well and continued success in his future endeavor,” said Mr. Jinbo Li, Chief Executive Officer of Xunlei.

About Xunlei

Founded in 2003, Xunlei Limited (NASDAQ: XNET) is a leading innovator in shared cloud computing and blockchain technology in China. Xunlei provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

CONTACT:
Investor Relations
Xunlei Limited
Email: ir@xunlei.com
Tel: +86 755 8633 8443
Website: http://ir.xunlei.com

FAQ

What led to Mr. Weimin Luo's resignation from Xunlei?

Mr. Weimin Luo resigned for personal reasons.

When did Mr. Weimin Luo resign from his position at Xunlei?

Mr. Luo's resignation became effective on June 1, 2021.

What role will Mr. Weimin Luo have after his resignation at Xunlei?

He will continue as a strategy consultant for the company.

Who is the CEO of Xunlei that commented on Mr. Luo's resignation?

Mr. Jinbo Li is the CEO of Xunlei.

What type of services does Xunlei Limited provide?

Xunlei provides services in shared cloud computing, blockchain technology, and digital entertainment.