China GrenTech Won Centralized Bid to Supply CDMA Wireless Coverage Products to China...

China GrenTech Won Centralized Bid to Supply CDMA Wireless Coverage Products
to China Telecom

SHENZHEN, China, Sept. 2 /Xinhua-PRNewswire-FirstCall/ -- China GrenTech
Corporation Limited (Nasdaq: GRRF; the "Company" or "China GrenTech"),
announced that it has been selected by China Telecom to supply CDMA indoor
coverage equipments and accessories, and repeaters for China Telecom's CDMA
network construction projects in China. This is China Telecom's first
centralized bid for CDMA wireless coverage products. China Telecom's
evaluation criteria for each bidder's tender included its comprehensive
strength, technology and pricing. The actual market share allocation and
contract amount will be determined based on China Telecom's provincial
operators' specific construction plan and scope of work, which will be
available after China Telecom completes the integration of its newly acquired
CDMA network.
It is expected that China Telecom will make significant investment to
improve CDMA network's overall competitiveness, as it is currently lagging
behind the GSM network due to a lack of investment prior to China Telecom's
acquisition of the CDMA network from China Unicom in July 2008. The parent
company of China Telecom has announced it will invest RMB27.9 billion in Phase
I of the CDMA network construction to enlarge network capacity and improve
coverage quality in major cities, and in rural areas with high population
density.
China GrenTech has well-established business relationships with all 21 of
China Telecom's provincial operators and has provided approximately 20% of the
existing CDMA network coverage products in China Unicom. Leveraging its
leading role in previous CDMA network construction projects. China GrenTech is
confident that it will be able to maintain its leading position in China
Telecom's upcoming CDMA wireless coverage construction projects.
China GrenTech believes that this winning bid from China Telecom would
potentially boost its wireless coverage revenue in the coming quarters.
About China GrenTech
China GrenTech is a leading developer of radio frequency ("RF") technology
in China and a leading provider of wireless coverage products and services in
China. The Company uses RF technology to design and manufacture wireless
coverage products, which enable telecommunication operators to expand the
reach of their wireless communication networks to indoor and outdoor areas,
such as buildings, highways, railways, tunnels and remote regions. China
GrenTech's wireless coverage services include design, installation and project
warranty services. The Company also tailors the design and configuration of
its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the Company also develops
and produces base station RF parts and components sold to base station
manufacturers. China GrenTech is a qualified supplier of RF parts and
components to six major base station manufacturers including Huawei
Technologies and ZTE Corporation. For more information, please visit
http://www.grentech.com.cn .
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995
Statements contained in this press release that are not historical facts
are forward-looking statements, as that term is defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements,
including financial projections and forecasts, involve risks and uncertainties
that could cause the Company's actual results to differ materially from its
current expectations. Factors that could cause the Company's results to differ
materially from those set forth in these forward-looking statements include
the Company's reliance on business relationships with the Chinese telecom
operators and base station manufacturers; the risk that the Company will
continue to experience downward pressure on the pricing of its products and
services due to the telecom operators' bidding policies or other factors; the
risk that the telecom operators in China will not expand or maintain their
spending on 2G, 3G, WLAN or other network projects; uncertainty as to the
future demand for base station RF products by domestic or international base
station manufacturers, including the risk that demand in China or elsewhere
for base stations may not grow as the Company's management anticipates; risks
associated with large accounts receivable, long collection periods and
accounts receivable cycles and uncertainty as to whether new operator policies
will improve such cycles in the long-term; fierce competition in the wireless
communication industry; growth of, and risks inherent in, the wireless
communication industry in China, including uncertainties regarding the timing
and nature of any future restructuring of the telecom operators in China and
the risks that such restructuring will not result in expanded investments to
expand network coverage or quality; uncertainty as to future profitability and
the Company's ability to obtain adequate financing for its planned capital
expenditure requirements; its reliance on third parties to carry out the
installation of its wireless coverage products; uncertainty as to its ability
to continuously develop and manufacture new RF technologies and keep up with
changes in RF technologies; risks associated with possible defects and errors
in its wireless coverage products or RF products; uncertainty as to the
Company's ability to protect and enforce its intellectual property rights; and
uncertainty as to the Company's ability to attract and retain qualified
executives and personnel, particularly in its research and development
department. Other factors that may causes the Company's actual results to
differ from those set forth in the forward-looking statements contained in
this press release and that may affect its prospects in general are described
in the Company's filings with the Securities and Exchange Commission,
including its Registration Statement on Form F-1 related to its initial public
offering and its annual reports on Form 20-F. The Company undertakes no
obligation to update or revise forward-looking statements to reflect
subsequent events or changed assumptions or circumstances.
For more information, please contact:

Investor Contact:
Kent Lo
Investor Relations Manager
China GrenTech Corp Ltd.
Tel: +86-755-2650-3007
Email: kentlo@grentech.com.cn

Investor Relations (US):
Delia Cannan
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com

Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: GrenTech@Taylor-Rafferty.com

Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com

SOURCE China GrenTech Corporation Limited

Investor Contact, Kent Lo, Investor Relations Manager, China GrenTech Corp
Ltd., +86-755-2650-3007, or kentlo@grentech.com.cn; Investor Relations (US),
Delia Cannan of Taylor Rafferty, +1-212-889-4350, or
GrenTech@Taylor-Rafferty.com; Investor Relations (HK), Ruby Yim of Taylor
Rafferty, +852-3196-3712, or GrenTech@Taylor-Rafferty.com; Media Contact,
Jason Marshall of Taylor Rafferty, +1-212-889-4350, or
GrenTech@Taylor-Rafferty.com, all for China GrenTech Corporation Limited