Sky-mobi Limited Announces Results of Annual General Meeting

Sky-mobi Limited Announces Results of Annual General Meeting

HANGZHOU, China, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Sky-mobi Limited ("Sky-mobi"
or the "Company") (MOBI), a leading mobile application store and mobile social
network community operator in China, today announced that the following
ordinary resolutions were adopted at its 2013 annual general meeting, which
was held on December 6, 2013, in Macau:

1.the re-election of Mr. Jimmy Lai as a director of the Company;
2.the re-election of Mr. Carl Yeung as a director of the Company; and
3.the appointment of Deloitte Touche Tohmatsu as the Company's independent
    registered public accounting firm for the fiscal year ending March 31,
    2014.

The shareholders also authorized Mr. Michael Tao Song to take any action to
effect the foregoing resolutions.

About Sky-mobi Limited:

Sky-mobi Limited operates the leading mobile application store in China in
terms of the user visits to the Company's Maopao application store. 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.

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 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; the timing and extent
of any share repurchases under the Company's share repurchase program; 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
28, 2013. 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.

CONTACT: For investor and media inquiries please contact:

         Sky-mobi Limited
         Yijia (John) Bi,
         Chief Financial Officer
         Phone: + (86) 571-87770978 (Hangzhou)
         Email: investor.relations@sky-mobi.com

         ICR Inc.
         Mr. Jeremy Peruski,
         Senior Vice President
         Phone: + (1) (646) -915-1615 (US)
         Email: investor.relations@sky-mobi.com

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