Sky-mobi Limited Announces Appointment Of New Independent Director

HANGZHOU, China, April 15, 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, today announced that its board of directors has appointed Mr. Jimmy Lai, CPA, as the Company's independent director and a member of the audit committee, effective April 15, 2013. Mr. Lai succeeds Mr. Fan Bao who has resigned from his position as independent director and a member of the audit committee due to personal reasons.

Mr. Jimmy Lai has more than twenty years of finance and leadership experience with leading gaming, mobile and technology companies in the United States and China. Mr. Lai currently serves as the CFO of Gamewave Group Ltd, the largest web game provider and the leading provider of interactive entertainment services in China. Previously, he served as the CFO for several US-listed and private companies including Daqo New Energy Corp, a leading polysilicon manufacturer based in China, Linktone Ltd, a leading provider of interactive entertainment products and services in China. Earlier in his career, he worked in various financial roles at Semiconductor Manufacturing International Corp, one of the leading semiconductor foundries in the world, and AMX Corp, a leading system control company in the world. Mr. Lai received a MBA degree from the University of Texas at Dallas, and a bachelor's degree in statistics from the National Cheng Kung University in Taiwan.

Michael Tao Song, Chairman and Chief Executive Officer of Sky-mobi, stated, "We are excited about Mr. Lai's addition to our Board and warmly welcome him to Sky-mobi. His wealth of financial and industry experience in working with global and Chinese gaming and mobile companies is a welcome addition, and will further enhance our corporate governance practices and strategic planning capabilities. We also wish to express our sincere gratitude to Mr. Fan Bao for his service to Sky-mobi as our board member and wish him continued success in his future endeavors."

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