QXM Qiao Xing Mobile Communication Co., Ltd. Ordinary Shares

China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith"), an original developed product (ODP) provider focused on research and development of cell phone solutions, and Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) ("Qiao Xing Mobile"), one of China's leading domestic manufacturers of mobile handsets operating its business primarily through its subsidiary, CEC Telecom Co., Ltd., today announced that they will co-launch high-end 3G mobile phones in China.

Under the terms of the agreement, TechFaith will provide total WCDMA and EV-DO solutions to Qiao Xing Mobile for the development of high-end 3G handsets that will be marketed under Qiao Xing Mobile's VEVA brand. The handsets are expected to launch in China in the second quarter of 2009.

Mr. Defu Dong, Chairman and Chief Executive Officer of TechFaith, said, "Developing high-end WCDMA and EV-DO phones is an important step in entering the high-end handset market in China. Even in this tough economic period, consumers in China have very strong purchasing power and a large appetite for luxury goods. Qiao Xing Mobile has successfully launched several high-end luxury GSM phones under its VEVA brand and we believe that the VEVA brand will provide us with a solid platform to penetrate the high-end 3G market in China. We also believe that pursuing a high-end product strategy will help maintain or even increase the profit margins of both companies during this period of economic slowdown."

Mr. Wu Zhi Yang, Chairman of Qiao Xing Mobile, commented, "The PRC government has recently authorized three major telecom operators in China to operate 3G business and the 3G mobile phone market in China is expected to grow significantly. To capture this growth opportunity, we will make full use of our VEVA brand advantage in the market and will cooperate with TechFaith to develop high-end WCDMA and EV-DO handsets under our VEVA brand. We believe that the introduction of these high-end 3G handsets will help to further raise the profile of our VEVA brand as well as enhance our profitability and growth."

About TechFaith

TechFaith is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 700 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) Windows-based smartphones and Pocket PC phones; and (3) handsets with interactive online gaming and professional game terminals with phone functionality.

With the capability of developing 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 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.

About Qiao Xing Mobile

Qiao Xing Mobile is one of the leading domestic manufacturers of mobile handsets in China in terms of unit sales volume. The Company manufactures and sells mobile handsets based primarily on the Global System for Mobile Communications, or GSM, global cellular technologies. It operates its business primarily through CEC Telecom Co., Ltd., or CECT, its 96.6%-owned subsidiary in China. Currently, all of its products are sold under the "CECT" and "VEVA" brands. Through its manufacturing facility in Huizhou, Guangdong Province, China, and two research and development centers in Huizhou and Beijing, the Company develops, produces and markets a wide range of mobile handsets, with increasing focus on differentiated products that generate higher profit margins. For more information, please visit www.qxmc.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 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, the global economic downturn and a further slowdown in the growth of China's economy, TechFaith's limited operating history, TechFaith's ability to effectively manage its business operations and control cost, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, 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. All information provided in this press release is as of the date of this press release, and TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For further information, please contact: For TechFaith In China: Jay Ji China Techfaith Wireless Communication Technology Limited Tel:+ 86-10-5822-8390 Email: Email Contact In the U.S.: Joseph Villalta The Ruth Group Tel:+ 646-536-7003 Email: Email Contact For Qiao Xing Mobile Ma Tao Qiao Xing Mobile Communication Co., Ltd. Tel: 8610 6250 1706 Email: Email Contact