AirMedia Files Its Annual Report on Form 20-F

BEIJING,Oct. 18,2018 -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN),a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market,today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31,2017 with the Securities and Exchange Commission on October 17,2018,local time. The annual report can be accessed on the Company's investor relations website at http://ir.ihangmei.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements,free of charge,to its shareholders and ADS holders upon request. Requests should be directed to IR Department at 17/F,Sky Plaza,No. 46 Dongzhimenwai Street,Dongcheng District,Beijing 100027,The People's Republic of China.

About AirMedia Group Inc.

Incorporated in 2007 and headquartered in Beijing,China,AirMedia Group Inc. (AMCN) is an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market. AirMedia sells advertisements on the routes operated by several Chinese airlines and at Sinopec's service stations in China. AirMedia also has concession rights to operate the Wi-Fi systems on trains administered by eight railway administrative bureaus in China as well as on many long-haul buses in China. For more information,please visit http://www.airmedia.net.cn.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "confident" and similar statements.AirMediamay also make written or oral forward-looking statements in its reports filed or furnished to theU.S. Securities and Exchange Commission,in its annual report to shareholders,in press releases and other written materials and in oral statements made by its officers,directors or employees to third parties. Statements that are not historical facts,including statements aboutAirMedia'sbeliefs and expectations,are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained,either expressly or impliedly,in any forward-looking statement. All information provided in this press release is current as of the date of the press release,and 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 more information,please contact:

Company Contact:

Yan Liu

Director,Investor Relations

AirMedia Group Inc.

Tel: +86-10-8460-8678

Email: ir@ihangmei.com

Investor Contact:

Tina Xiao

President

Ascent Investor Relations LLC

Phone: +1-917-609-0333

Email: tina.xiao@ascent-ir.com

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