ANTE Overview

Company Name Change: AirNet Technology Inc. will change its name to "Yueda Digital Holding" and its ticker symbol from "ANTE" to "YDKG," effective September 19, 2025, following shareholder approval and receipt of the Certificate of Incorporation on Change of Name.

Business Focus: Yueda Digital Holding will concentrate on the Web3 and digital economy, focusing on treasury management of cryptocurrencies, compliant yield opportunities, investments in Web3 infrastructure, and advisory services for enterprises entering the digital-asset economy.

Recognition of Professor Yu Xiong: AirNet Technology Inc. congratulates Professor Yu Xiong on his election as a Fellow of the Academy of Social Sciences in the UK, acknowledging his significant contributions to digital innovation and research in the Web3 space.

Professor Xiong's Expertise: As Chief Research & Innovation Advisor at AirNet, Professor Xiong leads the Surrey Academy for Blockchain and Metaverse Applications and has co-authored influential research on the climate impact of Bitcoin, providing valuable insights into the digital economy.

Warrant Exercises: AirNet Technology Inc. has received an additional 453,598 Solana (SOL) from investors exercising their outstanding warrants, totaling 749,965 SOL from recent exercises.

Strengthened Capital Position: The influx of capital enhances AirNet's digital asset holdings and indicates ongoing support for the company's strategic direction.

U.S. Stock Market Performance: U.S. stocks rose, with the Dow Jones gaining over 200 points, driven by strong performances from several companies.

Shoe Carnival's Earnings Report: Shoe Carnival, Inc. saw a 16% increase in shares after reporting second-quarter EPS of 91 cents, exceeding estimates, despite a decrease in sales guidance.

Notable Stock Gains: American Eagle Outfitters and Aquestive Therapeutics experienced significant stock price increases of 33.5% and 22.6%, respectively, following better-than-expected financial results and FDA news.

Other Companies with Gains: Several other companies, including Ciena Corporation and Victoria’s Secret, also reported positive earnings, contributing to overall market gains.

Warrant Exercise Announcement: AirNet Technology Inc. announced the receipt of approximately 296,367 Solana (SOL) due to a recent warrant exercise from a previous financing round, indicating investor confidence in the company's new strategic direction.

Forward-Looking Statements Disclaimer: The press release includes forward-looking statements that involve risks and uncertainties, cautioning investors against placing undue reliance on these projections, as actual results may differ from expectations.

Funding Achievement: AirNet Technology Inc. has successfully completed a registered direct offering, raising approximately $180 million through the sale of over 80 million ordinary shares and warrants.

Cryptocurrency Payment: The entire proceeds were paid in digital assets, specifically around 819 Bitcoin and nearly 20,000 Ethereum, indicating a strategic shift towards the cryptocurrency sector.

Strategic Focus: This capital raise is part of AirNet's strategy to actively engage in the digital asset ecosystem, with plans to maximize shareholder value through expert guidance.

Market Performance: Following the announcement, AirNet's stock price increased by 15.26%, trading at $3.88 on NasdaqCM.