China Techfaith Wireless (NASDAQ:CNTF)

BEIJING,Jan. 6, 2011/PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited today announced that its Chairman and CEO, Mr.Defu Dong, purchased approximately 143,000 ADSs on the open market during the month ofDecember 2010.  As of December 31, 2010, Mr. Dong held ADS, ordinary shares and options exercisable to ordinary shares representing approximately 31.66% of the total outstanding ADS inChinaTechFaith Wireless.

Chairman and CEO, Mr. Dong, has indicated his intention to purchase additional ADSs through open market and privately negotiated transactions.  The timing and amount of such purchase transactions will depend on market conditions and corporate and regulatory considerations. 

Mr. Defu Dong, Chairman and CEO of TechFaith said, "I believe TechFaith is undervalued.  I decided to increase my ownership based on my confidence in the Company's market position and my belief in its continued growth prospects."