NQ Mobile names new directors to board

NQ Mobile Inc. (NYSE: NQ) said it has announced changes to its board of directors.

Two new independent directors, Max Yao and Justin Chen, have been appointed to the board and the audit committee, effective July 6, 2014. Max Yao will also serve as chair of the audit committee of the board. Ying Han, the current chair of the audit committee, has informed the board that she would be stepping down from the board due to personal reasons not related to her role at the company effective on July 6, 2014.

Max Yao is the founder of HaiBang Venture, a leading venture capital firm in Zhejiang province, China that has invested in and nurtured several Chinese technology companies.

Justin Chen is a counsel at PacGate Law Group. He is a California-licensed attorney and holds a juris doctor degree from the University of Iowa College of Law as well as a bachelor´s degree from Peking University.

In addition, the company appointed Taek Kwon, managing partner of Toro Investment Partners, LP, as an adviser to the board and is committed to adding a shareholder representative as an independent director as soon as practicable. Prior to founding Toro, Kwon was a managing director of TPG Capital focused on the global technology, media and travel sectors.

NQ Mobile is a leading global provider of mobile Internet services. Its website is at http://www.nq.com.

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