GlobeNewswire Inc | Sep 8, 2020 05:30AM EDT

September 08, 2020

HONG KONG, Sept. 08, 2020 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (uCloudlink or the Company) (NASDAQ: UCL), the worlds first and leading mobile data traffic sharing marketplace, today announced positive developments in actions against SIMO Holdings Inc. (SIMO) and its subsidiaries, including a patent infringement case in the U.S. and a commercial defamation case in China, both instituted by uCloudlinks subsidiaries.

1. Patent Infringement Case On August 16, 2018, HongKong uCloudlink Network Technology Limited and Ucloudlink (America), Ltd. filed a patent infringement complaint against SIMO and its subsidiary Skyroam, Inc. at the United States District Court in Northern District of California (NDCA) claiming patent infringement. In this action, certain SIMO entities, including the defendants in the patent infringement action, counterclaimed misappropriation of their trade secrets by uCloudlink entities. NDCA dismissed the counterclaims with prejudice on September 12, 2019.

SIMO moved NDCA for leave to file a motion to reconsider NDCAs prior dismissal with prejudice decision and modify that decision to dismissal without prejudice. On August 26, 2020, SIMOs motion was denied by NDCA.

2.Commercial Defamation CaseOn January 16, 2019, Shenzhen uCloudlink Network Technology Co., Ltd. (Shenzhen uCloudlink) filed a lawsuit against Shenzhen Skyroam Technology Co., Limited (Skyroam) and its legal representative Liu Jing at the Peoples Court of Nanshan District in Shenzhen, China (the Shenzhen Court), claiming commercial defamation. Shenzhen uCloudlink complained that Skyroam and Liu Jing had published or spread on the Internet a large number of articles containing untrue information that uCloudlinks products infringed Skyroams patent rights.

The Shenzhen Court heard the case on October 21, 2019 and entered its judgment in favor of Shenzhen uCloudlink on July 14, 2020. In particular, Liu Jing and Skyroam are held to be jointly liable to Shenzhen uCloudlink for the commercial defamation. The two defendants were ordered to compensate Shenzhen uCloudlink in the amount of RMB100,000 and bear the litigation costs. They are also required to issue public statements to neutralize the negative impacts of the online articles they published or spread on uCloudlink.

About UCLOUDLINK GROUP INC.

uCloudlink is the worlds first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Companys products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, all while providing reliable connectivity, high speeds and competitive pricing.

For more information, please visit: http://ir.ucloudlink.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the safe harbor provisions of theU.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, confident and similar statements. uCloudlink may also make written or oral forward-looking statements in its periodic reports to theU.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about uCloudlinks beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: uCloudlinks strategies; uCloudlinks future business development, financial condition and results of operations; uCloudlinks ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in uCloudlinks revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and inChina; the impact of the COVID-19 pandemic to uCloudlinks business operations and the economy inChinaand elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Companys filings with theSecurities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and uCloudlink undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

UCLOUDLINK GROUP INC.Bob ShenTel: +852-2180-6111E-mail: ir@ucloudlink.com

The Piacente Group, Inc.Yang SongTel: +86-10-6508-0677E-mail: UCL@tpg-ir.com

In the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050E-mail: UCL@tpg-ir.com