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China Techfaith Wireless (NASDAQ:CNTF)

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Sunday, December 5, 2010

In January 2010, as part of an all-stock deal to acquire 100% of QiGi Future Technology Co., Ltd. (Beijing) ("QiGi") in an valued at US$12.0 million, the number of ordinary shares issued will be adjusted if QiGi does not achieve a net income of over US$8.0 million for the fiscal year of 2010 and over US$10.0 million for the fiscal year of 2011.

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