The board of directors of Mobi Development Co. Ltd. announced that Mr. Wang Guoying has resigned as an executive director of the Company with effect from 1 April 2012 due to his other personal commitments. The Board also announces that Mr. Shao Zhiguo has been appointed as an executive director of the Company with effect from 1 April 2012. Mr. Shao has held such positions as engineer and senior engineer at a communications survey and control technology institute in China. Mr. Shao has over 15 years of experience of research and development in the area of telecommunication measurement and control technology.