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China Techfaith: TechFaith to Launch Three MMORPG Games

^{Published on 2009-03-26 07:05:42, Last Modified on 2009-11-03 18:36:22 - Market Wire}
 

BEIJING--(Marketwire - March 26, 2009) - China Techfaith Wireless Communication Technology Limited (NASDAQ: [ CNTF ]), an original developed product (ODP) provider focused on research and development of cell phone solutions, today announced that its subsidiary company, One Net Entertainment Ltd., will launch three massive multiplayer online role-playing games (MMORPGs) in China.

The first game to launch is "Fairy Life of the Q," a licensed 3D game about an Asian legend. The game will officially launch in June 2009 on the website [ www.798game.com ]. The second game to launch is "Seven Swords," which was fully developed by One Net Entertainment Ltd. and is based on a famous novel. "Seven Swords" will officially launch in the third quarter of 2009 on the website [ http://qj.798game.com ]. The third game, "Liao Zhai," which means strange stories from a Chinese studio, is expected to officially launch in the third quarter of 2009 and is the most anticipated game on Sina's website. The official website for "Liao Zhai" is [ http://lz.798game.com ].

Mr. Defu Dong, the Chairman and Chief Executive Officer of TechFaith, said, "We are very excited about the progress of our gaming business. From the time we started One Net Entertainment Ltd., our engineers have worked extremely hard to develop the gaming business. We look forward to launching these three MMORPG games and we are confident that our gaming business will be profitable in the second quarter of this year. It is an important step for TechFaith in such a tough global economic period to find new business opportunities."

About TechFaith

TechFaith (NASDAQ: [ CNTF ]) is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 700 professionals, of whom approximately 90% are engineers. TechFaith engages in the development and production of middle to high end handsets and tailor made handsets. TechFaith's original developed products include: (1) multimedia phones and dual mode dual card handsets of multiple wireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA; (2) Window based smartphone and Pocket PC phone; and (3) handsets with interactive online gaming and professional game terminals with phone functionality.

With the capability of developing MMI/UI software on 2G/2.5G(GSM/GPRS, CDMA1X), 3G(EV-DO, WCDMA/UMTS, TD-SCDMA) and 3.5G(HSDPA) communication technologies, TechFaith is able to provide MMI/UI software packages that fulfill the specifications of handset brand owners and carriers in the global market. For more information, please visit [ www.techfaithwireless.com ]

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.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," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., 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 statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the global economic downturn and a further slowdown in the growth of China's economy, TechFaith's limited operating history, TechFaith's ability to effectively manage its business operations and control cost, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, failure to compete against new and existing competitors, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, and other risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release is as of the date of this press release, and TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.