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CMGE Begins Closed Beta Testing of Dragon's Summon: Aims to Produce Card Games With Nationwide Appeal in China

GUANGZHOU, China, May 28, 2013 (GLOBE NEWSWIRE) -- China Mobile Games and Entertainment Group Limited ("CMGE" or the "Company") (Nasdaq:CMGE), a leading mobile game company in China, today began closed beta testing for its newest social puzzle and card game 'Dragon's Summon.' The game is jointly operated and published by CMGE and FL Mobile. CMGE is the sole operator and publisher for the Android-version of 'Dragon's Summon,' while FL Mobile is responsible for the iOS version. The game was unveiled in front of an audience of over a hundred participants at a press conference held in Beijing on May 28, 2013.

'Dragon's Summon' is a social puzzle and card game that lets players fight dragons and other enemies as they explore countless dungeons. Players must creatively slide colorful orbs adjacent to one another in series of three or more in order to attack enemies with over 500 different creatures. Using the most advanced Unity3D engine, 'Dragon's Summon' offers exhilarating visual effects that rival PC games. As part of the marketing campaign in support of the game, CMGE will be handing out unique digital prizes to users.

"I am very pleased to announce the launch of 'Dragon's Summon,' which exemplifies the exciting gaming experience we strive to provide to our users as part of our strategy to introduce new content to a new generation of players," commented Mr. Ken Jian Xiao, CMGE's Chief Executive Officer. "We are constantly working to improve our diverse portfolio through strategic partnerships with qualified operators such as FL Mobile. In Japan, puzzle and card games have proven to be very popular and profitable and we believe that China now holds equally as many opportunities for monetization which we are intent on capturing with the launch of this game and others to follow."

About CMGE

CMGE is a leading mobile game company in China with the largest market share among mobile game developers in terms of revenues in 2010, 2011 and 2012, according to Analysys International, an independent market research firm. CMGE has integrated capabilities in the development, operation, sale and distribution of mobile games in China. Its mobile handset design business complements its game development business as it pre-installs CMGE's mobile games and game platforms in the handsets it designs, and enhances CMGE's knowledge of user habits and preferences and industry trends. CMGE has a large and diversified portfolio of games for smartphones and feature phones, and has strong development capabilities, evidenced by the fact that it develops single-player games and social games for both types of handsets.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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," "confident" and similar statements. CMGE may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about CMGE's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies as well as our business plans; our future development, results of operations and financial condition; our ability to continue to develop new and attractive products and services; our ability to continue to develop new technologies or upgrade our existing technologies; our ability to attract and retain users and customers and further enhance our brand recognition; the expected growth of and trends in the mobile game industry in China; PRC governmental policies and regulations relating to the mobile game industry in China; competition in the mobile game industry; and general economic and business conditions in China. Further information regarding these and other risks is included in our registration statement on Form F-1 and other documents filed with the Securities and Exchange Commission. CMGE does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and CMGE undertakes no duty to update such information, except as required under applicable law.

CONTACT: For investor and media inquiries, please contact: China Mobile Games and Entertainment Group Limited In China: Tel: +86-20-8561-3455 E-mail: ir@cmge.com Christensen Christian Arnell Phone: +86-10-5826-4939 (China) E-mail: carnell@christensenir.com In the U.S.: Christensen Linda Bergkamp Tel: +1 480 614 3000 E-mail: lbergkamp@ChristensenIR.comSource:China Mobile Games and Entertainment Group Limited