Sky Mobi CFO Carl Yeung Stepping Down for Personal Reasons

Sky Mobi (NASDAQ: MOBI) announced today that the Company's chief financial officer, Mr. Carl Yeung, will be stepping down from his role for personal reasons. Mr. Yeung will serve as a non-executive director of the board, effective immediately. The Company also announced that its board of directors (the "Board") has initiated a search process for a new chief financial officer. The Board will oversee the search process.In addition, the Company announced that Mr. Qing Yan will be stepping down from his role as the Company's chief operating officer, effective immediately. The Board has appointed Mr. Yan as the chief executive officer of Sky Technologies International Limited ("Sky Technologies"), a subsidiary of Sky-mobi, in order to devote his full attention to the development of Sky-mobi's overseas expansion efforts. Effective immediately, Mr. Zheng Wang will be promoted to Vice President of Operations and will be responsible for oversight of the day-to-day operation of the Company's business. Mr. Wang has been working at Sky-mobi since 2007. Prior to this appointment, Mr. Wang served as the vice general manager responsible for Company's revenue generating operations, manager of the internet operations department, director of the portal technology center, general manager of platform center and general manager of the applications store business department. Prior to joining Sky-mobi, Mr. Wang served as a research and development engineer of Hangzhou Eastern Communications Co., Ltd. Mr. Wang received his bachelor's degree in computer communications from Nanjing University of Posts and Telecommunications in 2001.