 AirNet Technology Inc., formerly known as AirMedia Group Inc. AirNet or the Company Nasdaq: ANTE, an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it received a notification letter the Notice from the Listing Qualifications Department of The Nasdaq Stock Market Inc. Nasdaq dated on March 30, 2020 indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550a2 of the Nasdaq Listing Rules as the Companys closing bid price per American depositary share ADS, each representing ten ordinary shares of the Company, has been below 1.00 for a period of 30 consecutive business days. The Nasdaq notification letter does not result in the immediate delisting of the Companys securities. 