NQ Mobile (NQ) Appoints Two New Directors; Investment Committee Formed

October 5, 2016 7:02 AM EDT

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NQ Mobile (NYSE: NQ) announced the appointment of Ms. Lingyun Guo and Ms. Joanne Yan Zhu as directors on the board of directors of the Company (the "Board"), effective as of October 4, 2016. The Board has also formed an investment committee of the Board to oversee the Company's investment transactions, management, policies and guidelines. The investment committee of the Board is chaired by Dr. Vincent Wenyong Shi, and includes Dr. Ethan Hu and Ms. Joanne Yan Zhu.

Ms Lingyun Guo has served as the Company's Chief Strategy Officer since July 2015. She is also a director and beneficial owner of RPL Holdings Limited, a major shareholder of the Company. Prior to joining NQ Mobile in 2015, she previously held positions at Nortel Networks China Limited, an Ericsson China company. Ms. Guo received a master's degree in communications and information systems from Chongqing University of Posts and Telecommunications in 2006.

Ms. Joanne Yan Zhu, the chairwoman of Zhongzhi Hi-Tech Overseas Investment Ltd., has 14 years of experience in investment consulting and management. Ms. Zhu joined Zhongzhi Enterprise Group in 2013, and was involved in founding Zhongzhi Hi-Tech Overseas Investment Ltd. Prior to joining Zhongzhi Enterprise Group, Ms. Zhu worked at PricewaterhouseCoopers Limited and Cowen and Company (Asia) Limited. During her term at PricewaterhouseCoopers Limited, Ms. Zhu participated in the overseas listings of several large Chinese state-owned enterprises, including Aluminum Corporation of China Limited, China COSCO Holdings Company Limited and China Coal Energy Company Limited. She has also advised more than 30 domestic and overseas mergers and acquisition transactions in various industries, including chemical engineering, energy and resources, healthcare, e-commerce and fast moving consumer goods industries. At Cowen and Company (Asia) Limited, Ms. Zhu advised various Chinese companies in their initial public offering and listing on the New York Stock Exchange and the Nasdaq Stock Market, re-financing and going private transactions. Ms. Zhu holds a master's degree in applied finance from Macquarie University, Australia and is a certified public accountant in China.

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