Funtalk China Holdings Limited Shareholders Vote to Approve Going Private Transaction

Funtalk China Holdings Limited (Nasdaq: FTLK) announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to adopt the previously announced definitive agreement, dated as of May 31, 2011, by and among Fortress Group Limited, a newly-formed entity jointly owned by ARCH Digital Holdings Ltd., Capital Ally Investments Limited, GM Investment Company Limited, Sinowill Holdings Limited, which is controlled by the chairman of the board of directors of the Company, Mr. Kuo Zhang, Huge Harvest Enterprises Limited, which is wholly owned and controlled by the chief executive officer of the Company, Mr. Dongping Fei, Kingstate Group Limited, which is wholly owned and controlled by Mr. Hengyang Zhou, executive president of Beijing Funtalk Century Technology Group Company Limited, an indirect wholly owned subsidiary of the Company, and Trend Focus Limited, which is wholly owned and controlled by Mr. Francis Kwok Cheong Wan, senior vice president of corporate investor relations of the Company, Fortress Merger Sub Limited, a wholly owned subsidiary of Parent ("Merger Sub") and the Company (the "Agreement"), pursuant to which the Company will be the surviving entity in the going private transaction as a wholly owned subsidiary of Parent and approve the transactions contemplated by the Agreement. Approximately 91.90% of the Company's total outstanding ordinary shares voted in person or by proxy at today's extraordinary general meeting. Of the ordinary shares voted in person or by proxy at the extraordinary general meeting, approximately 98.76% were voted