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Class-Action Lawsuits Have Been Filed against KongZhong
Corporation Beijing, China, August 25, 2004 ¨C KongZhong
Corporation (Nasdaq : KONG), a leading provider of advanced
second generation (2.5G) wireless value added services
in China, wishes to advise investors that it is aware
that several lawsuits brought on behalf of a putative
class of KongZhong shareholders under U.S. securities
laws apparently have been filed against the Company
and certain of its officers recently in federal court
in the United States. The Company has not yet been served
with the complaints in these actions and therefore is
unable to comment on the lawsuits at this time.
KongZhong Corporation is a leading provider of advanced
second generation (2.5G) wireless interactive entertainment,
media, and community services to consumers in China.
The Company delivers a broad range of services, through
multiple technology platforms, which users can access
directly from their mobile phones by choosing an icon
embedded in select models of handsets or from a mobile
operatorĄ¯s portal or web site.
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