BEIJING, Nov. 22, 2016 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or "the Company") (Nasdaq: VISN), China's largest out-of-home digital television advertising network on mass transportation systems and the leading provider of urban mass transit Wi-Fi, today announced that it will hold its 2016 annual general meeting of shareholders at the offices of Simpson Thacher & Bartlett, 35/F ICBC Tower, 3 Garden Road, Central, Hong Kong, at 10:30 a.m. Beijing/Hong Kong time on December 29, 2016 (9:30 p.m. U.S. Eastern Time on December 28, 2016). The Company fixed the close of business on November 23, 2016 as the record date for the determination of shareholders entitled to notice of, and to vote at the 2016 annual general meeting of shareholders.
The Company has filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2015, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's Form 20-F can be accessed on the Investor Relations section of the Company's website at http://www.visionchina.cn as well as on the SEC's website at https://www.sec.gov. The notice of the 2016 annual general meeting of shareholders and the proxy statement related to the meeting are also available on the Investor Relations section of the Company's website.
About VisionChina Media Inc.
VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of December 31, 2015, VisionChina Media's advertising network included approximately 88,844 digital television displays on mass transportation systems in 19 of China's economically prosperous cities, including Beijing, Guangzhou and Shenzhen, as secured by exclusive agency agreements or joint venture contract. VisionChina Media has the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports, and other entertainment programming.
In addition, VisionChina Media, through its consolidated affiliate Qianhai Mobile, has secured exclusive concession rights for bus Wi-Fi services in 25 cities across China, including Shanghai, Shenzhen, Guangzhou and Tianjin, covering approximately 80,000 buses. Currently, Qianhai Mobile provides free Wi-Fi Internet services on over 35,000 buses under the brand name "VIFI," spanning over 12 million commuters and providing over 6 million Wi-Fi service sessions per day.
For more information, please visit http://www.visionchina.cn.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, the quotations from management in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
Ms. Shuning Yi
Investor Relations Department
VisionChina Media Inc.
Tel: +86 134-2090-9426
Mr. Ross Warner
The Piacente Group, Inc.
Tel: +86 (10) 6535-0149
In the United States:
Mr. Alan Wang
The Piacente Group, Inc.
Tel: +1 212-481-2050
SOURCE VisionChina Media Inc.