China TechFaith Updates Financial Guidance; Schedules Third Quarter Conference Call

Posted by tadelste on Oct 17, 2005 10:19 AM EDT
PR Newswire; By Press release
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BEIJING, Oct. 17 /Xinhua-PRNewswire/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF), a handset application software and handset solution provider based in China, today announced updated financial guidance for the third quarter ended September 30, 2005 and the full year ending December 31, 2005. Based on preliminary information, the Company expects revenues for the third quarter 2005 will increase to approximately US$23 million or approximately 10% over the second quarter of 2005, with net income of approximately US$11 million for the third quarter of 2005. T

Investor Conference Call / Webcast Details

China TechFaith Wireless will report full results for the third quarter 2005 on Tuesday, November 15, 2005 at 7:00 p.m. EST (8:00 a.m., Wednesday, November 16 in Beijing). The conference call will be available at http://www.techfaithwireless.com and by telephone at (201) 689-8560. A replay of the call will be available immediately following the call on Tuesday, November 15, 2005 through 11:59 p.m. EST on Tuesday, November 22, 2005 (12:59 p.m., Wednesday, November 23 in Beijing) by telephone at (201) 612-7415 and via the web http://www.techfaithwireless.com . The account number and confirmation identification for the replay are 3055 and 172996, respectively. About China TechFaith

China TechFaith is the largest handset application software and handset solution provider based in China. With the technology capabilities in developing MMI on GSM/GPRS, CDMA1X, EVDO, WCDMA/UMTS, HSDPA, TD-SCDMA and Wi- Fi technologies, China TechFaith is able to provide MMI software which fulfill the major global operators standards. China TechFaith is also provide handset application software including WAP, Java, MMS, WWW browser, SyncML, DRM, etc. China TechFaith provides one-stop shop services and total solution for handset software development. China TechFaith also has the capability to develop Smart Phone based on Linux, Windows CE and Brew operation systems. Based on the above technology capabilities, China TechFaith's provider full range services in handset design and which satisfactory difference customer need. The services include (i) handset design solution; (ii) turkey software and design solution on chipset; (iii) application software; and (iv) wireless module and wireless application products. Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the ''safe harbour'' 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'' and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as China TechFaith's strategic and operational plans, contain forward-looking statements. China 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 China 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, China TechFaith's limited operating history, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, China TechFaith's ability to retain existing or attract additional international customers, China TechFaith's earnings or margin declines, failure of competing against new and exist competitors, and other risks outlined in China TechFaith's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1, as amended. China TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please contact: Tel: +86-10-5822-9918

Email: inforequest@mail.techfaith.cn In the U.S.:

David Pasquale, EVP at The Ruth Group

Tel: +1-646-536-7006

Email: dpasquale@theruthgroup.com

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