2014年7月9日，网秦今天回应浑水7月7日的报告，公司充分尊重任何第三方来表达其意见和提醒投资者的权利，事实就是事实。

以下为一些事实：

独立调查是由独立董事组成的特别委员会监督，并由两家非常受尊敬、拥有良好声誉的美国律师事务所Shearman & Sterling LLP和德勤财务咨询服务有限公司完整进行的，调查报告并没有发现任何证据表明网秦公司从事浑水所称的欺诈行为。

网秦已披露的材料及时且符合证券交易委员会（SEC）规定，包括涉及其审计委员会主席和新的独立董事选任的相关信息，包括一个新的审计委员会主席。在独立调查委员会审结其工作之后，独立调查的结果已尽快披露了。

自2013年10月24日的浑水报告发表后不久，管理层已经提出了股票回购计划。2013年11月12日，网秦宣布，从2013年11月15日开始的六个月内，高管将购买多达3百万美元的公司股票。该交易是有依据和受限制的、并符合和适用法律及公司的证券交易政策。由于这些限制，到目前为止，高管未能够履行承诺。然而，在法律允许的范围内，他们不会放弃这个承诺。

网秦用董事会的变更证明了网秦致力于公司治理的最高标准，其透明度、公正性和信息披露的及时性完全符合SEC的规定。

NQ Mobile Inc. Responds to Muddy Waters Report dated July 7, 2014

BEIJING and DALLAS, July 9, 2014 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today responded to Muddy Waters' report dated July 7, 2014. The Company fully respects the right of any third party to express its opinion but reminds investors that facts are facts.

Here are the facts:

The independent investigation was overseen by a Special Committee of independent directors, and conducted by two highly respected firms with well-established reputations for integrity, Shearman & Sterling LLP, and Deloitte &Touche Financial Advisory Services Limited. It did not find any evidence that the Company had engaged in the fraudulent conduct alleged by Muddy Waters.

The Company has disclosed material information in a timely manner and in compliance with Securities and Exchange Commission (SEC) regulations, including information related to the stepping down of its Audit Committee Chair and the appointment of new independent directors, including a new Audit Committee Chair. The results of the independent investigation were disclosed by the Company as soon as practical after the Special Committee concluded its work.

Management has been subject to a trading blackout since shortly after the initial allegations published by Muddy Waters on October 24, 2013.  On November 12, 2013, the Company announced that senior managers would purchase up to an aggregate of $3 million worth of the Company's American depositary shares (ADSs) within six months from November 15, 2013, pursuant and subject to the restrictions of, and consistent with, applicable laws and the Company's securities trading policy.  Because of those restrictions, senior managers have not been, so far, able to deliver on their promise.  However, they remain fully committed to doing so as soon as legally possible.

The Company is fully committed to the highest standard of corporate governance, as demonstrated by the recent additions to its board of directors, as well as transparency and fair and timely disclosure in full compliance with SEC regulations.