China Mobile Games and Entertainment Group Limited Lists on Nasdaq

China Mobile Games and Entertainment Group Limited Lists on Nasdaq

GUANGZHOU, China, Sept. 25, 2012 (GLOBE NEWSWIRE) -- China Mobile Games and
Entertainment Group Limited (Nasdaq:CMGE) ("CMGE" or "the "Company"), a
leading mobile game company based in China, today announced that its American
depositary shares ("ADSs"), each representing fourteen Class A ordinary shares
of the Company, began trading on Nasdaq today under the ticker symbol "CMGE."

CMGE registered the distribution of its Class A ordinary shares in the form of
ADSs by filing a registration statement on Form F-1 with the United States
Securities and Exchange Commission, who declared the registration statement
effective on September 20, 2012. A copy of the registration statement is
available for download at the U.S. Securities and Exchange Commission's
website, www.sec.gov.

About CMGE

CMGE is a leading mobile game company in China with the largest market share
among mobile game developers in terms of revenues in 2010 and 2011. CMGE has
integrated capabilities in the development, operation, sale and distribution
of mobile games in China. Its mobile handset design business complements its
game development business as it pre-installs CMGE's mobile games and game
platforms in the handsets it designs, and enhances CMGE's knowledge of user
habits and preferences and industry trends. CMGE has a large and diversified
portfolio of games for feature phones and smartphones, and has strong
development capabilities, evidenced by the fact that it develops single-player
games and mobile social games for both types of handsets.

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-1 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.

CONTACT: For further information, please contact:
        
         Christensen
        
         In China
         Christian Arnell
         Phone: +86-10-5826-4939
         E-mail: carnell@christensenir.com
        
         In US
         Kimberly Minarovich
         Phone: +1-917-533-3268
         E-mail: kminarovich@christensenir.com
 
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