Market Overview

EARLIER: China Mobile Games and Entertainment Group Added to NASDAQ Golden Dragon China Index

China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (CMGE), the largest publisher and a leading developer of mobile games in China, today announced that the Company has been added to the NASDAQ Golden Dragon China Index(R) (Nasdaq:HXC), which will become effective prior to the start of trading on Monday, March 24, 2014.

The Index, which is rebalanced quarterly, is designed to provide insight and access to the unique economic opportunities taking place in China while still providing the transparency offered with U.S. listed securities. The NASDAQ Golden Dragon China Index includes companies that conduct the majority of their business within the People's Republic of China, are listed on the Nasdaq Stock Market, the New York Stock Exchange or NYSEArca and have a market capitalization greater than $100 million.

"We are very pleased to have our stock added to the NASDAQ Golden Dragon China Index, which we believe will help increase shareholder value and enhance our visibility within the investment community," said Mr. Hendrick Sin, Vice-Chairman of the Board of CMGE. "We remain committed to further growing our business and we expect to capitalize on promising opportunities in the mobile games market in China and beyond in 2014."

About CMGE

CMGE is the largest publisher and a leading developer of mobile games in China with integrated capabilities across the mobile game value chain. Its fully integrated capabilities include the development, licensing, publishing, distribution and operation of mobile games, primarily in China. Its social games are mainly developed for Android and iOS-based smartphones. CMGE's extensive distribution network includes its proprietary Game Center application, handset pre-installations, application stores and web platforms and mobile network operators. The offices are in Guangzhou, Shenzhen, Beijing, Chengdu, Shanghai and Hong Kong. The Company's stock is traded on NASDAQ under the symbol CMGE. For more corporate and product information, please visit CMGE's website at http://www.cmge.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. CMGE may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about CMGE's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies as well as our business plans; our future development, results of operations and financial condition; our ability to continue to develop new and attractive products and services; our ability to continue to develop new technologies or upgrade our existing technologies; our ability to attract and retain users and customers and further enhance our brand recognition; the expected growth of and trends in the mobile game industry in China; PRC governmental policies and regulations relating to the mobile game industry in China; competition in the mobile game industry; and general economic and business conditions in China. Further information regarding these and other risks is included in our registration statement on Form F-3, annual report on Form 20-F for the year ended December 31, 2013 and other documents filed with the Securities and Exchange Commission. CMGE does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and CMGE undertakes no duty to update such information, except as required under applicable law.

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