NQ Mobile Announces Completion of Senior Management Share Purchase Plan
BEIJING and DALLAS, Dec. 6, 2012
BEIJING and DALLAS, Dec. 6, 2012 /PRNewswire/--NQ Mobile Inc. ("NQ Mobile"
or the "Company") (NYSE: NQ), a leading global provider of mobile Internet
services, today announced that members of its senior management, including
Co-CEOs Dr. Henry Lin and Mr. Omar Khan, and COO Mr. Vincent Shi, among
others, have completed their previously announced share purchase plan to use
their personal funds to purchase up to an aggregate of $2 million worth of the
Company's American depositary shares ("ADSs") in open market transactions
within six months from June 6, 2012.
As of December 6, 2012, NQ Mobile's senior management team has purchased a
total of 303,819 ADSs on the open market with an aggregate price of
approximately $2,026,421.Among them, Co-CEOs Dr. Henry Lin and Mr. Omar Khan,
and COO Mr. Vincent Shi each purchased 98,050, 51,937 and 98,050 ADSs using
approximately $627,117, $346,283, and $627,117, respectively. The Company
notes that, due to NQ Mobile's status as a foreign private issuer, purchases
of shares by its executive officers cannot be filed using Form 4 with the
Securities and Exchange Commission ("SEC").As such, the Company has provided
the details of the purchases in the content of this press release.Any future
sales by any executive officers of NQ Mobile are expected to be reported on
Form 144 filed with the SEC.
About NQ Mobile
NQ Mobile Inc. (NYSE:NQ) is a leading global provider of trusted mobile
Internet services built on its world-class acquisition, engagementand
monetization platform. The company was one of the first to recognize the
growing security threats targeting smartphone users and now has about 242
million registered and 85 million active user accounts globally. NQ Mobile's
cloud-basedtrust platform has been recognized by third-party testing
facilities around the world as the most effective solution for detecting and
combating mobile threats. NQ Mobile is recognized as a global pioneer in
mobile innovation and technology leadership. NQ Mobile maintains dual
headquarters in Dallas, TX, USA and Beijing, China. For more information on NQ
Mobile, please visithttp://www.nq.com.
Forward Looking Statements
This news release contains "forward-looking statements" as defined under
applicable U.S. securities regulations. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the Company and the
industry in which the Company operates, but involve a number of unknown risks
and uncertainties. Further information regarding these and other risks is
included in the Company's filings with the U.S. Securities and Exchange
Commission. The Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law.
For investor and media inquiries please contact:
NQ Mobile Inc.
Phone: +852 3975 2853
SOURCE NQ Mobile Inc.
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