SC 13G/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

AirMedia Group Inc.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
G0135J 109
(CUSIP Number)
December 31, 2009
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

                     
CUSIP No.
  
G0135J 109 
  

 

           
1   NAMES OF REPORTING PERSONS
Herman Man Guo
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  People's Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF   50,324,130 ordinary shares1. Wealthy Environment Limited may also be deemed to have sole voting power with respect to 48,657,464 ordinary shares. (See Item 4)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   50,324,130 ordinary shares1. Wealthy Environmental Limited may also be deemed to have sole dispositive power with respect to 48,657,464 ordinary shares. (See Item 4)
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  50,324,130 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  38.36%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
1 Includes (i) 48,639,558 ordinary shares of the issuer held by Wealthy Environment Limited; (ii) 17,906 ordinary shares of the issuer owned by Wealthy Environment Limited in the form of American Depositary Shares, each representing two ordinary shares of the issuer ; and (iii) 1,666,666 ordinary shares that Mr. Guo has the right to acquire upon exercise of options within 60 days after December 31, 2009.

Page 2 of 6 Pages

 

                     
CUSIP No.
  
G0135J 109 
  

 

           
1   NAMES OF REPORTING PERSONS
Wealthy Environment Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   48,657,464 ordinary shares2. Herman Man Guo may also be deemed to have sole voting power with respect to the above shares. (See Item 4)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   48,657,464 ordinary shares2. Herman Man Guo may also be deemed to have sole dispositive power with respect to the above shares. (See Item 4).
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  48,657,464 ordinary shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  37.09%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
2 Includes (i) 48,639,558 ordinary shares of the issuer held by Wealthy Environment Limited, and (ii) 17,906 ordinary shares of the issuer owned by Wealthy Environment Limited in the form of American Depositary Shares, each representing two ordinary shares of the issuer.

Page 3 of 6 Pages

 

                     
CUSIP No.
  
G0135J 109 
  
     
Item 1(a).
  Name of Issuer:
 
    
 
  AirMedia Group Inc.
 
    
Item 1(b).
  Address of Issuer’s Principal Executive Offices:
 
    
 
  17/F, Sky Plaza
No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
People’s Republic of China
 
    
Item 2(a).
  Name of Person Filing:
 
    
 
  Herman Man Guo
Wealthy Environment Limited
 
    
Item 2(b).
  Address of Principal Business Office, or if None, Residence:
 
    
 
  Herman Man Guo
AirMedia Group Inc.
17/F, Sky Plaza
No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
People’s Republic of China
 
    
 
  Wealthy Environment Limited
c/o Herman Man Guo
AirMedia Group Inc.
17/F, Sky Plaza
No. 46 Dongzhimenwai Street
Dongcheng District, Beijing 100027
People’s Republic of China
 
    
Item 2(c).
  Citizenship:
 
    
 
  Herman Man Guo — People’s Republic of China
Wealthy Environment Limited — British Virgin Islands
 
    
Item 2(d).
  Title of Class of Securities:
 
    
 
  Ordinary Shares
 
    
Item 2(e).
  CUSIP Number:
 
    
 
  G0135J 109
 
    
Item 3.
  Not Applicable

 

Page 3 of 6 Pages

 

                     
CUSIP No.
  
G0135J 109 
  
     
Item 4.
  Ownership.
 
    
 
  The following information with respect to the ownership of the ordinary shares of the issuer by each of the reporting persons is provided as of December 31, 2009:
                                                 
                    Sole power     Shared power     Sole power     Shared power  
    Amount             to vote or     to vote or     to dispose or     to dispose or  
    beneficially     Percent     direct the     to direct the     to direct the     to direct the  
Reporting Person   owned     of class     vote     vote     disposition of:     disposition of  
Herman Man Guo
     50,324,130       38.36 %     50,324,130       0       50,324,130       0  
Wealthy Environment Limited
     48,657,464       37.09 %     48,657,464       0       48,657,464       0  
     
 
  Wealthy Environment Limited, a British Virgin Islands company, is the record owner of 48,639,558 ordinary shares of the issuer and the beneficial owner of 17,906 ordinary shares of the issuer in the form of American Depositary Shares, each representing two ordinary shares of the issuer. Wealthy Environment Limited is wholly owned by Mr. Herman Man Guo. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Herman Man Guo may be deemed to beneficially own all of the ordinary shares owned by Wealthy Environment Limited. In addition, Mr. Guo has the right to acquire 1,666,666 ordinary shares upon exercise of options within 60 days after December 31, 2009.
 
    
Item 5.
  Ownership of Five Percent or Less of a Class.
 
    
 
  Not applicable
 
    
Item 6.
  Ownership of More Than Five Percent on Behalf of Another Person.
 
    
 
  Not applicable
 
    
Item 7.
  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
    
 
  Not applicable
 
    
Item 8.
  Identification and Classification of Members of the Group.
 
    
 
  Not applicable
 
    
Item 9.
  Notice of Dissolution of Group.
 
    
 
  Not applicable
 
    
Item 10.
  Certifications.
 
    
 
  Not applicable

 

Page 4 of 6 Pages

 

                     
CUSIP No.
  
G0135J 109 
  
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 1, 2010
         
     
Herman Man Guo  /s/ Herman Man Guo    
  Herman Man Guo   
     
 
     
Wealthy Environment Limited  By:   /s/ Herman Man Guo    
    Name:   Herman Man Guo   
    Title:   Director   
 

 

Page 5 of 6 Pages

 

LIST OF EXHIBITS
     
Exhibit No.   Description
   
 
A  
Joint Filing Agreement

 

Page 6 of 6 Pages