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Funtalk China Holdings Limited Launches Flagship Store in Beijing

BEIJING Jan. 21, 2011 China Beijing

China

Beijing Dongping Fei China

About Funtalk China Holdings Limited

China

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 that the Company will not use the proceeds from the offering in the manner contemplated, as well as the other risk factors detailed in the Company’s filings with the Securities and Exchange Commission, including its registration statement on Form F-1, as amended from time to time. 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:

ICR, Inc.

Michael Tieu

Tel:   +86-10- 6583 7509

O r +1-646-328-2552

Email: [email protected]

Funtalk China Holdings Ltd. (China)

Riva Zhang

Investor Relations Manager

Tel:   +86-10-5709-1192

Email: [email protected]

SOURCE Funtalk China Holdings Limited

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