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TheStreet Open House

Sky-mobi Limited Appoints New Chief Financial Officer

HANGZHOU, China, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Sky-mobi Limited ("Sky-mobi" or the "Company") (Nasdaq:MOBI), a leading mobile application store and mobile social network community operator in China, announced today the appointment of Mr. Yijia (John) Bi as Chief Financial Officer of the Company, effective October 30, 2013.

Prior to this appointment, Mr. Bi held a senior executive position at Accenture China, a global consulting firm, and served as the Chief Financial Officer to a joint venture of Accenture and China Telecom from 2012 to 2013. From February to September 2011, Mr. Bi served as Chief Financial Officer of Cathay Industrial Biotech, a clean-tech company based in Shanghai, China. From 2009 to 2011, he worked as the corporate finance director of Asia Timber Products, a manufacturing company owned by CVC Asia Pacific, the Asian affiliate of CVC Capital Partners, a leading global private equity firm.

From 2008 to 2009, Mr. Bi served as the Chief Financial Officer of Jingwei International Limited, and worked as a consultant to Jingwei International Limited from 2007 to 2008. In 2006, Mr. Bi was the director of corporate finance and accounting of Timken (China) Investment Co., Ltd. and from 2004 to 2006 was the financial controller of DIC (China) Co., Ltd.

From 1997 to 1999, he served as the financial controller of Lear Jiangling Interior System, Inc., a joint venture between Lear Corporation and Jiangling Motors Company (Group). From 1994 to 1997, Mr. Bi worked for Motorola (China) Electronics Ltd. as a credit analyst and a financial analyst.

Mr. Bi received an MBA from the Sprott School of Business at Carleton University in Canada in 2002 and a bachelor's degree in economics from Renmin University of China in 1994 through China's self-study examination system (whereby self-study examinees can receive a record of higher education by passing examinations). From 1990 to 1994, Mr. Bi studied at Yanjing Overseas Chinese University (now part of the Capital University of Economics and Business) where he received a diploma in Financial Accounting.

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