Sky-mobi Limited Announces Appointment of New Independent Director

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."

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. In some cases, you can identify forward-looking statements by such terms
as "may," "will," ''believes,'' ''expects,'' ''anticipates,'' ''intends,''
''estimates,'' "plans," "continues" or other similar expressions, the negative
of these terms, or other comparable terminology. Such statements, including
the statements relating to the Company's business outlook, are subject to
risks and uncertainties that could cause actual results to differ materially
from those projected. Potential risks and uncertainties include the
effectiveness, profitability, and marketability of the Company's solutions;
the Company's limited operating history; measures introduced by the PRC
government and mobile network operators aimed at mobile applications-related
services;the Company's revenue projections for future periods; the Company's
ability to maintain relationships with handset companies, content providers
and payment service providers; its dependence on mobile service providers and
mobile network operators for the collection of a substantial majority of its
revenues; billing and transmission failures, which are often beyond the
Company's control; its ability to compete effectively; its ability to capture
opportunities in the growing smart phone market; its ability to obtain and
maintain applicable permits and approvals; general economic and business
conditions; the volatility of the Company's operating results and financial
condition; the Company's ability to attract or retain qualified senior
management personnel and research and development staff; and other risks
described in the Company's filings with the Securities and Exchange
Commission, including its annual report on Form 20-F filed on June 29,
2012.These forward-looking statements are based on current expectations,
assumptions, estimates and projections about the Company and its industry. 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.

About Sky-mobi Limited

Sky-mobi Limited operates the leading mobile application store in China,
measured by revenues in 2010, according to a report commissioned by the
Company and prepared by Analysys International in July 2011, an independent
research and advisory firm. The Company works with handset companies to
pre-install its Maopao mobile application store on handsets and with content
providers to provide users with applications and content titles. Users of its
Maopao store can browse, download, and enjoy a range of applications and
content, such as single-player games, mobile music, and books. The Company's
Maopao store enables mobile applications and content to be downloaded and run
on various mobile handsets with different hardware and operating system
configurations. The Company also operates a mobile social network community in
China, the Maopao Community, where it offers mobile social games, as well as
applications and content with social network functions to its registered
members. The Company is based in Hangzhou, the People's Republic of China. For
more information, please visit: www.sky-mobi.com.

CONTACT: Sky-mobi Limited
         Mr. Carl Yeung, CFO
         Phone: + (86) 571-87770978 (China)
         Email: investor.relations@sky-mobi.com
        
         ICR Inc
         Jeremy Peruski, Senior Vice President
         Phone: + (1) (646) -915-1615 (US)
         Email: investor.relations@sky-mobi.com

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