NQ Mobile Inc. announced the appointment of Mr. Justin Chen as its President and General Counsel effective as of February 2, 2016. The appointment of Mr. Chen, former independent director, to President and General Counsel necessitated a number of other changes to the company's board of directors. While Mr. Justin Chen remains as a director of the Board, he has resigned from his positions as a member of each of the audit committee, compensation committee and corporate governance and nominating committee of the Board.

To fill in the vacancies, the company has appointed Dr. Ethan Hu as an independent director, the Chair of the audit committee and a member of each of the compensation committee and the corporate governance and nominating committee of the Board, effective as of February 2, 2016. Dr. Hu has served as a director and the chief financial officer of Frankenman Medical Equipment Limited. From 2011 to 2014, Dr. Hu worked as a vice president of CITIC PE Investment Limited.

Mr. Justin Chen has served as the company's director since July 2014. Before joiningPacGate Law Group, Mr. Chen was the chief executive officer of Starvax Inc. In addition to the appointment of Dr. Hu, several other changes to the Board of Directors include the resignation of Mr. Xu Zhou, Mr. Roland Wu and Mr. Max Yao from their positions as directors of the Board, effective as of February 2, 2016. Mr. Yao has also resigned as the Chair of the audit committee.

Each of Mr. Xu Zhou, Mr. Roland Wu and Mr. Max Yao confirmed that his resignation did not result from any disagreement with the company on any matter relating to the Company. Mr. Roland Wu remains as the chief financial officer of the company.