Sungy Mobile Announces Appointment of New Chief Financial Officer

GUANGZHOU, China, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Sungy Mobile Limited (Nasdaq:GOMO), a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development ("Sungy Mobile" or the "Company"), announced today the appointment of Mr. Longfei Zhou as chief financial officer, effective November 3, 2014.

Mr. Zhou joins Sungy Mobile from Phillips & Neusoft Medical System Co. Ltd., where he served as chief financial officer, overseeing corporate finance and overall business strategy. Prior to this role, Mr. Zhou was a corporate controller at TCL Multimedia, where he focused on business planning, corporate governance, as well as the design and execution of the internal control systems. Mr. Zhou received a B.S. in Computer Science from Nanjing University of Science & Technology and a Master of Finance at École de management Lyon in France.

Mr. Yuqiang Deng, chief executive officer of Sungy Mobile, stated, "We are very excited to have Longfei join the Company as new chief financial officer. We are confident in his ability to promote financial success as we continue our growth and we look forward to his contributions to the Company."

In addition, the Company announced that in order to meet the phase-in independence standards of NASDAQ listing requirements applicable to a company's board of directors, Mr. Aihuang Huang, vice president of technology of the Company, has resigned from his role as a director of the Company, effective from November 3, 2014. Pursuant to this change, the Company's board is now comprised of seven members, a majority of whom are independent directors.

About Sungy Mobile Limited

Sungy Mobile Limited is a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development. Sungy Mobile's platform product, GO Launcher EX, manages apps, widgets and functions on Android smartphones and serves as users' first entry point to their phones; it is the mobile access point from which many Android users are able to find new and innovative ways to customize their experience, download apps and interact with their mobile devices every day.

Safe Harbor Statements

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Sungy Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

CONTACT: Investor Relations Contact ICR, Inc. Chenjiazi Zhong Tel: +1-646-417-5388 Email: IR@sungymobile.comSource:Sungy Mobile Limited