– HONG KONG – SGOCO Group, Ltd. (Nasdaq: SGOC), a company focused on product design, distribution and brand development in the Chinese display market, today announced that the Board of Directors has appointed Mr. Pruby He as an Independent Director of the Company, as part of its initiative to attract talents from Internet industry to the Board level, to replace Ms. Teresa Hon, who had resigned from the Board for personal reasons and confirmed no disagreements with the Company. The appointment and resignation became effective on June 30, 2014.

Mr. He, aged 32, is an expert in the Internet industry and has 10 years of experience in IT product development, media strategy and marketing. In early 2014, he set up Bequ.com, a China-based travel service platform which is designed to provide professional travel consultancy and extensive product line for individual needs. As the founder and CEO of Bequ.com, Mr. He operated the business and successfully raised funding from various private equity and venture capitals. Prior to that, he served as General Manager of Micromega Technology., Ltd. and Product Manager of Arrow Electronics, STmicroelectronics and QQ.com from 2004 to 2012. He holds a Bachelor degree in Electronic Engineering from the Chengdu University of Technology, China.

Regarding the change of the Board, Mr. David Xu, Director, President and CEO of SGOCO, commented, “We are pleased to welcome Mr. He to join SGOCO’s Board with his excellent experience in the Internet business and strong human relations. Mr. He has an extensive understanding of China IT market and his joining of SGOCO will strengthen our establishing e-commerce business partnership and Internet related projects. We are confident that his experience and skills will be valuable asset to SGOCO in order to carry out the strategy and expand the market share in display and other industries.”

He continued, “We would also like to express our gratitude to Ms. Teresa Hon for her contribution to the Company, especially the experience, skills and ideas that she brought in our business, and we wish her success in the future endeavors.”

About SGOCO Group, Ltd.

SGOCO Group, Ltd. is focused on product design, brand development and distribution in the Chinese display market, including computer monitors, TVs and application specific products. SGOCO sells its products and services in the Chinese market and abroad.

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