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Xunlei Receives National CDN License From Chinese Government

SHENZHEN, China, April 04, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited (“Xunlei”) (Nasdaq:XNET), an industry leading cloud-based bandwidth acceleration technology company in China, announced today that its cloud computing subsidiary, Shenzhen Onething Technologies Co., Ltd., has received a National Content Delivery Network (“CDN”) Business Operating License from the Ministry of Industry and Information Technology of the People's Republic of China.

Xunlei’s Nebula CDN is a new generation of CDN built upon the company’s proprietary distributed cloud computing technology. The company intends to leverage redundant computing power and bandwidth shared by internet users, creating an ecosystem that provides cloud computing resources to enterprises at a much lower cost than the average industry price level. Xunlei’s CDN customers are in sectors such as live streaming, online gaming, mobile applications, online videos, and intelligent hardware.

Mr. Lei Chen, Chief Executive Officer of Xunlei, stated, “Prior to receiving the national CDN license, the company was qualified to provide CDN services in selected provinces and cities in China. Now under the terms of the new license, Xunlei is qualified to offer its CDN solutions to enterprises in all parts of China. We believe this official recognition will elevate our service capacity from being regional to national in China. And our goal is to become a major player in the global cloud computing industry through our sharing economy model.”  

About Xunlei

Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the management's quotations as well as the Company's strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company's ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company's ability to keep up with technological developments and users' changing demands in the internet industry; the Company's ability to convert its users into subscribers of its premium services; the Company's ability to deal with existing and potential copyright infringement claims and other related claims; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company's ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

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

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