Xunlei Limited Announces Intent to Withdraw the Proposed Listing and Deregister

SHENZHEN, China, Oct. 25, 2011 (GLOBE NEWSWIRE) -- Xunlei Limited (the "Company") announced today that it has notified the NASDAQ Stock Market LLC ("NASDAQ") of its intention to (i) withdraw the proposed listing on The NASDAQ Stock Market of the American depositary shares, each representing the right to receive three (3) Class A common shares, par value US$0.00025 per share (the "Common Shares") and (ii) voluntarily remove the Common Shares from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Common Shares were originally registered under Section 12(b) in connection with the Company's proposed initial public offering, with which it previously determined not to proceed due to the current capital markets condition.  As a result, the Company submitted a request to withdraw its registration statement on Form F-1 and Form F-6 filed under the Securities Act of 1933, as amended. The Company may pursue the initial public offering at a later time, although it currently does not have a definitive plan. The Company has not arranged for listing or registration on any other national securities exchange or for quotation of its securities in a quotation medium.