The board of directors of Tongxin International Limited announced that Mr. Michael Onghai, Mr. David Leong and Mr. Brad Huff have been appointed as observers of the Board with effect from November 20, 2013. Michael Onghai, CFA, is a significant shareholder in Tongxin and is the Chief Executive Officer of LookSmart. For more than the past five years, Mr. Onghai has been a private investor and an investment manager, including as the principal of Snowy August Management LLC, a value-oriented alternative investment manager he founded in 2011, and, prior to 2011, as a principal and portfolio manager of Ibis Management LLC, an investment management firm he joined in 2003.