BVI Company News

China Techfaith Wireless Communication Technology Limited announced in October the signing of agreements with Chinese mobile phone branding companies aigo, Doov, AMT, QiGi and Flyfot. By terms of these agreements, the BVI corporation, through its wholly-owned gaming subsidiary 798 Entertainment Limited, will provide game content services to these companies.

The mobile phone branding companies will build game contents built in by 798 Entertainment into their mobile phones. Also, mobile phone users can also download other 798 mobile phone games after purchasing such mobile phones. The mobile phone branding companies will pay service fees to 798 Entertainment. The mobile phone customers can play the games free of charge, and will be charged additional fees when they purchase accessories for the games.

Mr. Defu Dong, Chairman and CEO of BVI-registered China TechFaith, said in his comments that the agreements signed by the company confirmed their view that “there will be an increasing convergence of mobile phone contents and handsets as mobile network operators and mobile handset branding companies seek to better differentiate themselves for a competitive advantage.”

Tongxin International, Ltd., BVI-registered and China-based manufacturer and supplier of engineered vehicle body structures, announced the signing of a new contract in October. The BVI company signed an agreement with a leading Chinese commercial vehicle manufacturer to manufacture and assemble Tongxin’s cab model 1280 for heavy duty commercial trucks on-site and in the customer’s production facilities in China.

By terms of the contract, Tongxin will design the dies and moulds and ship them to the customer where manufacturing and assembly team of Tongxin staff will work on the customer’s production line to assemble the model. Tongxin will assemble its cabs on-site instead of delivering the complete cab bodies directly to the customer, because of customer’s wish to reduce shipping expenses and capitalize on company’s expertise in building electric vehicle battery systems.

The contract will run for three years through September 2012, and Tongxin has already started assembly in October 2009 at the manufacturer’s facility.

In addition to the manufacturing of this model, Tongxin will continue to ship the customer several other models. This customer is among the “top ten” customers of the company’ s customer base that is comprised of more than 130 customers and 21 sales regions in China.