NQ Mobile Inc. increases its previously announced share repurchase plan. NQ Mobile's Board of Directors has authorized expanding the current share repurchase plan from US$20 million to US$35 million. Under the share repurchase plan authorized by its Board of Directors, NQ Mobile may repurchase up to US$35 million worth of its outstanding ADSs over the period from November 26, 2012 through May 26, 2014. The repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. NQ Mobile's Board of Directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size. NQ Mobile plans to fund repurchases made under this plan from its existing cash balance and future cash flows.

NQ Mobile Inc. Welcomes Atlantis Investment Management Ltd, Through Certain of Its Managed Funds, as an Important New Shareholder - Seeking Alpha

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Founded in 1994, Atlantis is a Hong Kong-based independent asset management firm focused on Asian equities with about US$3.2 billion assets under management. Certain funds managed by Atlantis have, in aggregate, purchased both directly from the Company and in the open market the equivalent of approximately 2,500,000 American Depository Shares (ADSs).

NQ Mobile Inc. Welcomes Atlantis Investment Management Ltd, Through Certain of Its Managed Funds, as an Important New Shareholder - Seeking Alpha