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NQ Mobile Further Prioritizes Creating Shareholder Value By Hiring Matt Mathison As Vice President, Capital Markets

BEIJING and DALLAS, June 25, 2013 /PRNewswire/ -- NQ Mobile Inc. (NQ Mobile) (NYSE: NQ), a leading global provider of mobile Internet services, today announced it has hired Matt Mathison to the senior management position of Vice President, Capital Markets.

(Logo: http://photos.prnewswire.com/prnh/20121224/CN34262LOGO )

"As we stated on our last quarterly conference call, creating shareholder value is one of NQ Mobile's top priorities," said Co-Chief Executive Officer Omar Khan. "The appointment of Mr. Mathison to the role of vice president overseeing all of NQ Mobile's capital market efforts is a pivotal step in fundamentally changing the way we ultimately deliver shareholder returns."

Mr. Mathison will begin in this role effective immediately and will be based in the company's Dallas, Texas headquarters.

"Mr. Mathison is uniquely positioned to help NQ Mobile achieve our vision and strategy to be recognized by the marketplace as one of the leading mobile Internet platform companies globally," said Co-Chief Executive Officer and Founder Dr. Henry Lin.

Prior to joining NQ Mobile, Mr. Mathison acted as Portfolio Manager and CIO of WP Asset Management. He was President of Wedge Partners, a global TMT-focused research firm with extensive reach in Mainland China and Asia. Prior to leading Wedge Partners, Mr. Mathison worked in the equities division of Goldman Sachs in San Francisco.

"I am thrilled to be joining the incredible team at NQ Mobile. The company is firing on all cylinders fundamentally as a mobile Internet platform business on a global scale," said Matt Mathison. "I look forward to helping this tremendous team match the fundamental execution equally with the capital markets and ultimately by delivering superior shareholder returns."

About NQ Mobile

NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of March 31, 2013, NQ Mobile maintains a large, global user base of 327 million registered user accounts and 111 million monthly active user accounts through its consumer mobile security business, 77 million registered user accounts and 14 million monthly active user accounts through its mobile games & advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com.

Forward Looking Statements

This news release contains "forward-looking statements" as defined under applicable U.S. securities regulations. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

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