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SGOCO Group, Ltd. Appoints New Director

                   SGOCO Group, Ltd. Appoints New Director

PR Newswire

BEIJING, April 29, 2013

BEIJING, April 29, 2013 /PRNewswire/ --SGOCO Group, Ltd. (Nasdaq: SGOC),
("SGOCO" or the "Company"), a company focused on product design, distribution
and brand development in the Chinese flat-panel display market, today
announced that the Board of Directors has appointed Ms. Wai Man (Helen) Hsu as
an Independent Director of the Company, effective April 26, 2013, to replace
Mr. Yoann Normandeau,who had resigned from the Board for personal reasons and
confirmed no disagreements with the Company.

Ms. Hsu had served at Ernst & Young for 18 years and was a partner for Ernst &
Young before she retired from the firm in February 2011. During her career
with Ernst & Young, Ms. Hsu acted as the audit partner on numerous
multinational groups, private and public companies. She also had considerable
experience in a wide range of industries, including NGOs, real estate,
construction, electronic and electrical, consumer products,
telecommunications, information technology, catering, garment, manufacturing,
wholesaling and retailing.

Ms. Hsu was also actively involved in special assignments, including initial
public offerings, mergers, acquisitions, and due diligence reviews. She is a
member of the Hong Kong Institute of Certified Public Accountants and a member
of the American Institute of Certified Public Accountants. She holds a
Bachelor degree in business administration from the Chinese University of Hong
Kong.

Mr. Burnette Or, President and Chief Executive Officer of SGOCO, commented, "I
would like to welcome Ms. Hsu to the SGOCO Board. We are confident that her
strong financial background and industry expertise will prove valuable as the
Company continues to expand its position in the flat-panel display market. I
also want to thank Mr. Yoann Normandeau for his contributions during his
tenure as a Director of the Company and wish him success in his future
endeavors."

About SGOCO Group, Ltd.

SGOCO Group, Ltd. is focused on product design, brand development and
distribution in the Chinese flat-panel display market, including computer
monitors, TVs and application specific products. SGOCO sells its products and
services in the Chinese market and abroad. For more information about SGOCO,
please visit our investor relations website http://www.sgocogroup.com.

Safe Harbor and Informational Statement

This announcement contains "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, including, without
limitation, those with respect to the objectives, plans and strategies of the
Company set forth herein and those preceded by or that include the words
"believe," "expect," "anticipate," "future," "will," "intend," "plan,"
"estimate" or similar expressions, are "forward-looking statements".
Forward-looking statements in this release include, without limitation, the
effectiveness of the Company's multiple-brand, multiple channel strategy and
the transitioning of its product development and sales focus and to a
"light-asset" model, Although the Company's management believes that such
forward-looking statements are reasonable, it cannot guarantee that such
expectations are, or will be, correct. These forward-looking statements
involve a number of risks and uncertainties, which could cause the Company's
future results to differ materially from those anticipated. These
forward-looking statements can change as a result of many possible events or
factors not all of which are known to the Company, which may include, without
limitation, requirements or changes adversely affecting the LCD and LED market
in China; fluctuations in customer demand for LCD and LED products generally;
our success in promoting our brand of LCD and LED products in China and
elsewhere; our ability to have effective internal control over financial
reporting; our success in designing and distributing products under brands
licensed from others; management of sales trend and client mix; possibility of
securing loans and other financing without efficient fixed assets as
collaterals; changes in government policy in China; the fluctuations and
competition in sales and sale prices of LCD and LED products in China; China's
overall economic conditions and local market economic conditions; our ability
to expand through strategic acquisitions and establishment of new locations;
changing principles of generally accepted accounting principles; compliance
with government regulations; legislation or regulatory environments;
geopolitical events, and other events and/or risks outlined in SGOCO's filings
with the U.S. Securities and Exchange Commission, including its annual report
on Form 20-F and other filings. All information provided in this press release
and in the attachments is as of the date of the issuance, and SGOCO does not
undertake any obligation to update any forward-looking statement, except as
required under applicable law.

For investor and media inquiries, please contact:

SGOCO Group, Ltd.

Serena Wu
Investor Relations Manager
Tel: +86 (10) - 85870173 (China)
US: +1(646) - 5831616 (Voice mail)
Email: ir@sgoco.com

SOURCE SGOCO Group, Ltd.

Website: http://www.sgocogroup.com
 
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