BEIJING--(MARKET WIRE)--Jul 29, 2008 -- China TechFaith Wireless Communication Technology Limited ("Techfaith" or the "Company") (CNTF - News), an original developed product (ODP) provider focused on research and development of cell phone solutions, today reiterated its prior guidance for the second quarter ended June 30, 2008.

Mr. Bob Huo, deputy CEO of TechFaith, said, "We remain very positive about our second quarter results and expect to meet our targeted revenue range despite increased competition from other companies and challenging economic conditions."

In addition, Mr. Huo commented that, "The Company continues to build on its successful transition from a handset design business model to an ODP business model. We maintain a clear focus on sustained profitability of our business through enhancing our product offerings, improving our cost structure, and optimizing resource allocation. The management team is committed to delivering satisfactory growth going forward." The Company confirmed that its total work force was approximately 850 as of the date of this announcement.

The Company will hold a conference call with investors and analysts to discuss the company's second quarter 2008 results on Monday, August 18, 2008 at 7:00 p.m. U.S. Eastern Time (7:00 a.m., August 19, 2008 in Beijing). The dial-in number for the conference call is +1-866-713-8395 or +1-617-597-5309 (international). The passcode is 91884175. A live webcast of the conference call will be available on TechFaith's website at www.techfaithwireless.com.

The news release announcing the second quarter 2008 results will be disseminated after the NASDAQ stock market closes on August 18, 2008 in New York.

About TechFaith

TechFaith (CNTF - News) is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 850 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 middleware application 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 middleware application 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" 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, TechFaith's limited operating history, 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. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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