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INVESTOR ALERT: Class Action Lawsuit Against China Mobile Games and Entertainment Group Limited Announced by Law Offices of

  INVESTOR ALERT: Class Action Lawsuit Against China Mobile Games and
  Entertainment Group Limited Announced by Law Offices of Howard G. Smith

Business Wire

BENSALEM, Pa. -- July 15, 2014

Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of all purchasers of the American Depositary Shares of China
Mobile Games and Entertainment Group Limited (“China Mobile Games” or the
“Company”) (NASDAQ:CMGE) between September 20, 2012 and June 19, 2014,
inclusive (the “Class Period”).

China Mobile Games, through its subsidiaries, develops and publishes social
games and single-player mobile games primarily in the People’s Republic of
China. The Complaint alleges that defendants issued false and/or misleading
statements about China Mobile Games’ business and operations, and failed to
disclose material adverse facts; specifically, (1) a bribery scheme within the
Company’s game publishing business; (2) undisclosed related party
transactions; and (3) that the Company’s internal controls were inadequate.

On June 19, 2014, China Mobile Games disclosed that it had suspended nine
senior executives, including the Company’s president. According to a report
published by Bloomberg, nine senior managers were suspended, including
President Shuling Ying, in connection with alleged involvement in “bribery
with game developers.”

If you are a member of the Class described above, you have until August 19,
2014, to move the Court to serve as lead plaintiff, if you meet certain legal
requirements. To be a member of the Class you need not take any action at this
time; you may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this action,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
215-638-4847, Toll-Free at 888-638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
 
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