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TechFaith Files Annual Report on Form 20-F for the Fiscal Year 2016

BEIJING, April 27, 2017 /PRNewswire/ -- China TechFaith Wireless Communication Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced it has filed its Annual Report Form 20-F for the fiscal year ended December 31, 2016 with the U.S. Securities and Exchange Commission on April 27, 2017. The annual report on Form 20-F, which contains TechFaith's audited financial statements, can be accessed on the SEC's website at www.sec.gov or on the Company's investor relations website at www.techfaithwireless.com.

About TechFaith 

TechFaith (NASDAQ: CNTF) is a developer, owner and operator of commercial real estate properties across China as well as a China-based mobile solutions provider for the global mobile handsets market. TechFaith continues to maintain a team of professional engineers focused on the development of ruggedized smart devices for both its consumer and enterprise segments, although it started investing in the construction of buildings and facilities in 2009 as part of its growth and business diversification strategy, gradually shifting away from its traditional focus on the mobile solutions and handset markets. The Company currently focuses on developing office space that can serve as anchor bases in areas with developing economies, as it meets the needs of both established businesses and innovative start-up companies in China.  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," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations 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, those 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/techfaith-files-annual-report-on-form-20-f-for-the-fiscal-year-2016-300447075.html

SOURCE China TechFaith Wireless Technology Limited

Jay Ji, China Techfaith Wireless Communication Technology Limited, +86-10-5822-8866, ir@techfaith.cn; David Pasquale, Global IR Partners, +1-914-337-8801, cntf@globalirpartners.com


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