CHINA GRENTECH CORP LTD (ADR) 
By
SHENZHEN, CHINA - April 16, 2012 - China GrenTech Corporation
Limited (NASDAQ: GRRF, "GrenTech," or the "Company"), a
leading China-based provider of radio frequency and wireless
coverage products and services, announced today that, at an
extraordinary general meeting of shareholders held today (the
"EGM"), the Company's shareholders voted in favor of the
proposal to approve the previously announced amended and
restated agreement and plan of merger dated January 20, 2012,
among Talenthome Management Limited ("Parent"), a British
Virgin Islands exempted company, Xing Sheng Corporation
Limited ("Merger Sub"), a Cayman Islands exempted company
wholly-owned by Parent, and the Company (the "Merger
Agreement"), pursuant to which Merger Sub will merge with and
into the Company, with the Company continuing as the
surviving company and wholly-owned by Parent.
Approximately
81.6% of the Company's total outstanding ordinary shares
voted in person or by proxy at the
EGM. Of the ordinary shares voted in person or by proxy at
the EGM, approximately 95.1% were voted in favor of the
proposal to approve the Merger Agreement and the transactions
contemplated by the Merger Agreement, including the merger,
and approximately 95.1% were voted in favor of the proposal
to authorize the directors of the Company to do all things
necessary to give effect to the Merger Agreement.
The parties expect to complete the merger as soon as
practicable, subject to the satisfaction or waiver of the
conditions set forth in the Merger Agreement. If completed,
the merger would result in the Company becoming a privately
held company wholly-owned by Parent and the Company's
American depositary shares would no longer be listed on the
NASDAQ Global Select Market.
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 enables telecommunications operators to
expand the reach of their wireless communication networks to
indoor and outdoor areas such as buildings, highways,
subways, 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. GrenTech is a
qualified supplier of RF parts and components to major global
and domestic base station manufacturers. For more
information, please visit www.GrenTec h.co m.c n.
Company Contact:
China GrenTech Corp. Ltd. Tel: +86 755 2650 3007
E-mail: investor@powerc n. co m
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