MOBI Sky-Mobi Limited ADS (MM)

Sky-mobi Limited (Nasdaq:MOBI) ("Sky-mobi" or the "Company"), a leading mobile application store and mobile social network community operator in China, today announced that the Company will host an investor conference call at 9:00 a.m. ET on Wednesday, May 4, 2011 to address investors' concerns regarding the recent volatility of the Company's stock price.

Mr. Michael Song, Chief Executive Officer, and Mr. Carl Yeung, Chief Financial Officer, will host the call.

To participate in the conference call, please dial one of the following numbers five to ten minutes prior to the scheduled conference call time:

International Dial-In Number: +1 (706) 643-1666                                                                             

International Toll Free Dial-in Number from U.S.: +1 (877) 275-8968

The conference ID for the call is 65353401.

About Sky-mobi Limited:

Sky-mobi Limited operates the leading mobile application store in China as measured by revenues in 2009, according to Analysys International. The company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles. Users of its Maopao store can browse, download, and enjoy a range of applications and content, such as single-player games, mobile music, and books. The Company's Maopao store enables mobile applications and content to be downloaded and run on various mobile handsets with different hardware and operating system configurations. The company also operates a mobile social network community in China, the Maopao Community, where it offers mobile social games, as well as applications and content with social network functions to its registered members. The Company is based in Hangzhou, the People's Republic of China. For more information, please visit: www.sky-mobi.com.

The Sky-mobi Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8458

CONTACT: Sky-mobi Limited
         Mr. Carl Yeung, CFO
         Phone: + (86) 571-87770978 (Hangzhou)
         Email: ir@sky-mobi.com
         
         CCG Investor Relations
         Mr. Athan Dounis
         Phone: +1-646-213-1916
         Email: athan.dounis@ccgir.com