Dolby and School of Public Policy and Management of Tsinghua University Establish Scholarship to Foster Innovation in China

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Beijing, July 8, 2014—Dolby Laboratories, Inc. (NYSE: DLB) and the School of Public Policy and Management of Tsinghua University recently signed a memorandum to establish a scholarship to enable outstanding PhD graduates to pursue postdoctoral studies overseas at the world's leading universities and research centers, and so to secure teaching and research positions in China upon completion.

As China continues its focus on innovation, stronger expertise in encouraging innovation is crucial for future public policy and management professionals. The collaboration between Tsinghua University and Dolby aims to facilitate the development of such expertise and, as a result, foster a stronger environment for innovation in China.

"Innovation is a must for China," said Lan Xue, Dean, School of Public Policy and Management, Tsinghua University. "It requires effort from both the public and private sectors. It is very encouraging that Dolby, a global enterprise known for continuously delivering innovations over nearly 50 years, supports what our school and the Chinese government are advocating for."

"Dolby has a long history of innovation, and we are thrilled to have this opportunity to work together with Tsinghua University to promote the continuing development of intellectual property," said Mike Chao, Managing Director, Dolby Laboratories, Greater China. "Innovators need to have their ideas protected and developed so that their inventions can benefit others. We share this vision with Tsinghua and are deeply committed to supporting innovation in China."

About Dolby Laboratories

Dolby Laboratories (NYSE: DLB) creates audio, video, and voice technologies that transform entertainment and communications in mobile devices, at the cinema, at home, and at work. For nearly 50 years, sight and sound experiences have become more vibrant, clear, and powerful in Dolby. For more information, please visit www.dolby.com.

About SPPM Tsinghua

The School of Public Policy and Management (SPPM) of Tsinghua University was founded in 2000. As the first graduate school in public administration in China, its long-term objective is to become a world-class institution that actively engages in teaching, research, and consulting in global public affairs. The school actively participates in many major national projects and activities and has made important contributions to the formulation and implementation of public policies in China. In 2013, the school became the first and only Chinese member in the Network of Schools of Public Policy, Affairs, and Administration (NASPAA), a global standard in public service education.

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