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Sky-mobi names new independent director.

M2 EQUITYBITES-April 16, 2013-Sky-mobi names new independent director(C)2013 M2 COMMUNICATIONS http://www.m2.com

Sky-mobi Ltd. (NASDAQ: MOBI) said that its board of directors has appointed Jimmy Lai, CPA, as the company's independent director and a member of the audit committee, effective April 15, 2013. Lai succeeds Fan Bao who has resigned from his position as independent director and a member of the audit committee due to personal reasons.

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. Lai currently serves as the CFO of Gamewave Group Ltd, the largest web game provider and the 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 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. 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.

Sky-mobi Ltd. 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. For more information, visit: www.sky-mobi.com.

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Publication:M2 EquityBites (EQB)
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Date:Apr 16, 2013
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