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SGOCO Announces Delay of 2011 Year End Financial Results Due to Change of Auditor

BEIJING May 21, 2012 Grant Thornton China May 14, 2012

Grant Thornton

Grant Thornton May 15, 2012

As a result of the Form 20-F filing delay, Nasdaq halted trading of the Company’s ordinary shares. SGOCO is working with its advisors to have Nasdaq resume trading.

SGOCO remains fully operational, continues to make strides with its current business plan and believes its existing and future growth initiatives will maximize SGOCO’s performance in 2012 and beyond.

About SGOCO Group, Ltd.

China China www.sgocogroup.com www.sgoco.com

For investor and media inquiries, please contact:

SGOCO Group, Ltd. (China)

ICR, LLC (China)

Bill Krolicki, VP of Finance

William Zima

Tel: + 86-10-8587-0173  

Phone: +86-10-6583-7511

[email protected]

SGOCO Group Investor Relations Department

US: +1-646-328-2533

SOURCE SGOCO Group, Ltd.

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