Funtalk China Holdings Limited Announces Mandatory Separation of Units
BEIJING , Sept. 13 /PRNewswire-Asia-FirstCall/ -- Funtalk China Holdings Limited (“Funtalk” or the
“Company”) (Nasdaq: FTLK; OTC Bulletin Board: FTLZF, FTLHF, FTLMF, FTLUF) today announced that,
effective September 27 , 2010, the Company’s Series A Units (OTC Bulletin Board: FTLZF) and Series B Units
(OTC Bulletin Board: FTLHF) will be separated on a mandatory basis into their component instruments. As a
result, beginning September 27 , 2010, the Series A Units and Series B Units will cease trading and Unit holders’
accounts, in lieu of the Units, will reflect ownership of the Ordinary Shares and Warrants. Upon the mandatory
separation, the Company ’ s Ordina ry Shares will continue to trade on Nasdaq Global Market under the symbol
FTLK, and the Company ’ s Class A Warrants and Class B Warrants will continue to quote on OTC Bulletin
Board under the symbol FTLMF and FTLUF, respectively.
Each Series A Unit is comprised of one Ordinary Share, $0.001 par value, and five Class A Warrants each
exercisable to purchase one Ordinary Share. Each Series B Unit is comprised of one Ordinary Share, $0.001
par value, and one redeemable Class B Warrant each exercisable to purchase one Ordinary Share.
About Funtalk China Holdings Limited
The Company is a retailer and distributor of wireless communications devices, accessories and content in 30
provinces and municipalities in China. The Company has branch offices and regional distribution
centers, operates a chain of mobile phone retail stores, and has an internet retailing platform.
Safe Harbor and Informational Statement
This press release includes forward-looking statements that involve risks and uncertainties. Forwar d-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 inten