Xunlei Announces Change of Management
Xunlei Limited (Nasdaq: XNET) announced the resignation of Mr. Weimin Luo as Chief Operating Officer effective June 1, 2021, for personal reasons.
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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.
Details
News Market Reaction – XNET
The recorded move for XNET in the trading session of this news was +7.63%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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