Sky-mobi Limited Announces Results of Annual General Meeting

HANGZHOU, China, Dec 14, 2012 (GlobeNewswire via COMTEX) -- 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 the following ordinary resolutions were adopted at its 2012 annual general meeting, which was held today, December 14, 2012, in Macau: 1. the re-election of Mr. Kui Zhou as a Class B director of the Company; 2. the re-election of Mr. Wei Zhou as a Class B 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, 2013.

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 based on number of user visits, downloads and handset manufacture partners. 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.

The Sky-mobi Limited logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=8458 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 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: Sky-mobi Limited (Logo: http://media.primezone.com/cache/14163/int/9260.jpg) CONTACT: Company Contact: Sky-mobi Limited Mr. Carl Yeung, Chief Financial Officer Phone: +(86) 571-8777 0978 (Hangzhou) Email: ir@sky-mobi.com Investor Relations Contact: CCG Investor Relations Mr. John Harmon, CFA, Sr. Account Manager Tel: +86-10-8573 1014 (Beijing) E-mail: john.harmon@ccgir.com

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