AirMedia's Chairman and CEO Makes Open Market Purchases of $1,063,293 in the Company's Publicly Traded ADS

AirMedia Group AMCN today announced that its chairman and chief executive officer, Herman Guo, has made purchases of US$1,063,293 of the Company's American Depositary Shares from the public market during the period from May 26 to June 8. The purchases were made under the account of Mr. Guo's wife. Mr. Guo, who is the founder and largest shareholder of AirMedia, purchased a total of 299,524 ADSs at an average price of US$3.55 per ADS, with an approximate value of US$1,063,293. Each ADS represents two ordinary shares and is traded on the Nasdaq Global Exchange. Mr. Guo has also advised the Company that he expects to purchase additional shares from time to time during the next several months. Such purchases would be made by Mr. Guo or his wife, or by investment vehicles that are wholly owned and controlled by Mr. Guo or his wife, in accordance with AirMedia's internal share trading policy regarding officers and directors.