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Mr. Fei Dongping, Chief Executive Officer of the Company, commented, "We greatly appreciate Arch and Capital Ally for their cooperation. By waiving their rights to receive the earn-out shares, Arch and Capital Ally removed a potential source of dilution for our other existing shareholders. We believe this also demonstrates Arch's and Capital Ally's increased confidence in our company's long-term outlook and their long-term support for our company's business plan."
About Funtalk China Holdings Limited
Funtalk is a retailer and distributor of mobile communications products
and services and content in 30 provinces in
Safe Harbor and Informational Statement
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties as a result of a number of factors, some of which may be beyond the Company's control. These factors include the risk factors detailed in the Company's filings with the Securities and Exchange Commission. Further, the forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, collaborations, dividends or investments made by the Company or other parties. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For more information, please contact: Bill Zima ICR Inc. (US) Phone: +1-203-682-8200 Email: bill.zima@icrinc.com In China: Michael Tieu Tel: +86-10-6599-7960 Email: michael.tieu@icrinc.com Francis Kwok Cheong Wan Funtalk China Ltd. (China) Senior Vice President Tel: +86-10-5709-1193 Email: franciswan@funtalk.cn Maria Xin Funtalk China Ltd. (China) Investor Relations Manager Tel: +86-10-5709-1193 Email: xinyi@funtalk.cn
SOURCE Funtalk China Holdings Limited