China Techfaith Wireless Communication Technology Limited announced the appointment of Mr. Hongwei Zhao to the company's board of directors, effective immediately. Mr. Zhao replaced Mr. Tom Zhang as an independent director, a position which Mr. Zhang has held since 2006 and resigned as of the date hereof. Mr. Zhao will also serve as a member of the Compensation Committee and Corporate Governance and Nominating Committee of the Company's Board of Directors. Mr. Zhao brings 18 years of management expertise with a strong background in establishing entrepreneurial business incubator services in China and also has in-depth experience in attracting tenants to commercial properties based on different industries. He currently serves as Chairman of the Beijing Zhongguancun International Incubator Park.

The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total net revenues of USD 7,586,000 against USD 22,084,000 a year ago. Loss from operations was USD 5,237,000 against USD 4,277,000 a year ago. Loss before income taxes was USD 5,500,000 against USD 4,057,000 a year ago. Net loss attributable to the company was USD 5,377,000 or USD 0.00 per basic and diluted share against USD 4,589,000 or USD 0.01 per basic and diluted share a year ago. Net loss attributable to the company per American Depositary Share was USD 0.10 against USD 0.09 a year ago.

For the nine months, the company reported total net revenues of USD 55,902,000 against USD 72,563,000 a year ago. Loss from operations was USD 9,571,000 against USD 11,000,000 a year ago. Loss before income taxes was USD 10,104,000 against USD 10,242,000 a year ago. Net loss attributable to the company was USD 10,357,000 or USD 0.01 per basic and diluted share against USD 9,567,000 or USD 0.01 per basic and diluted share a year ago. Net loss attributable to the company per American Depositary Share was USD 0.20 against USD 0.18 a year ago.

For the fourth quarter of 2015, the company currently expects its total net revenues for the fourth quarter of 2015 to be in the range of USD 6.0 million to USD 8.0 million. This forecast represents the company's current and preliminary view, which is subject to change.