TechFaith's 17Vee Signs Major Content Licensing Agreements

Mr. Tony Kong, CEO of TechFaith's gaming business-798 Entertainment, said, "This is a major development for us.  Demand has been very strong from consumers and partners for our line of motion gaming controllers and motion gaming enabled mobile phones.  We have a uniquely differentiated product in the market that offers high value at a reasonable price. We have been shipping a combined 40,000 to 50,000 hardware units per month since last December.  We expect this to further accelerate when we launch our 17Vee motion gaming console box later in May.  The importance of today's licensing agreements is that they will immediately make our gaming portfolio even more compelling by expanding our content catalog.  We will pursue other content licensing agreements given the power of content to driver faster adoption rates and higher usage levels."

About TechFaith

TechFaith (NASDAQ: CNTF) has three primary businesses.  Under the TechFaith umbrella, the Company is a leading global ODP (Original Developed Product) mobile handset provider.  Under its TecFace brand, the Company is a leading developer of specialized mobile phones for differentiated market segments, including the rapidly growing Smartphone market targeting Enterprise users and Operators through its QIGI brand; Outdoor and Sports enthusiasts through its Jungle brand; and the Teen market through licensed brands. Under the Company's 17Vee brand, the Company has built a leading, intellectual property based motion gaming business ranging from Bluetooth enabled motion gaming controllers and software to a recently launched proprietary set-top motion game box. For more information, please visit www.techfaithwireless.com, www.17vee.com and www.798game.com.

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