BEIJING, May 27, 2016 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company that provides mission critical applications to help make the internet and mobile experience speedier, simpler, and safer for users worldwide, today announced that all the approvals required for quotation of the shares of Moxiu Technology (Beijing) Co., Ltd. ("Moxiu"), a 52.1%-owned subsidiary of the Company, on the National Equities Exchange and Quotations System (the "NEEQ") have been obtained. The shares of Moxiu are expected to be quoted on the NEEQ commencing on May 30, 2016 under the stock code of 837315. The NEEQ is commonly known as the New Third Board of China, and is a unified national system that typically provides a trading platform for off-market transfers of non-listed public shares by subscribing members of the NEEQ. The Company does not intend to effect any sale of its existing shares in, nor will there be any new shares to be issued by, Moxiu in connection with the quotation on the NEEQ.
Mr. Sheng Fu, Cheetah Mobile's Chief Executive Officer, stated, "We are excited to see the successful NEEQ quotation of Moxiu, a subsidiary of ours that develops and provides Moxiu Launcher, a mobile launcher that helps users personalize their experience on mobile devices. This is a key milestone for Moxiu and exemplifies the success of its Moxiu Launcher business. We firmly believe the quotation will help expand Moxiu's access to potential financing resources to support our effort to build Moxiu Launcher into a leading third-party mobile launcher in the mobile space, as well as aid in improving its management structure and corporate governance."
About Moxiu Technology
Moxiu Technology is a limited liability company established in China on June 12, 2008. The Beijing-based company is mainly engaged in the development, research, and provision of mobile launchers, and monetizes its mobile traffic through online marketing services in China.
About Cheetah Mobile Inc.
Cheetah Mobile is a leading mobile internet company. It aims to provide the best apps for mobile users worldwide, while building a leading global mobile ad platform for advertisers.
Cheetah Mobile had approximately 651 million global mobile monthly active users in March 2016. Its mission critical applications, including Clean Master, CM Security, Battery Doctor and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. The Company also provides multiple user traffic entry points and global content promotional channels capable of delivering targeted content to hundreds of millions of users. Its customers include direct advertisers and mobile advertising networks through which advertisers place their advertisements.
Safe Harbor Statement
This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Investor Relations Contact
Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Tel: +1 (646) 417-5395
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SOURCE Cheetah Mobile