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Telestone Technologies Announces Preliminary, Unaudited 2010 Annual Results

BEIJING Jan. 24, 2011 China December 31, 2010

$130.5 to $132.5 million $30.0 to $31.5 million $129.4 million $22.9 million March 2011

Daqing Han China

9:00 a.m. EST Monday, January 24, 2011

Daqing Han Richard Wu

To participate in the conference call, please dial one of the following numbers five to ten minutes prior to the scheduled conference call time:

International Dial-In Number: 61288236760

International Toll Free Dial-in Number from U.S.: 8662421388

The conference ID for the call is Telestone2011

About Telestone Technologies Corporation

China China China

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of Telestone Technologies Corporation and its subsidiary companies. Forward looking statements can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, concentration in a single customer, raw material costs, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. Telestone Technologies is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Company Contacts:

Telestone Technologies Corporation

Mr. Richard Wu, VP of Finance

Phone: +86-10-6860-8335 x1008


Ms. Dan Feng, Investor Relations Associate

Phone: +86-10-6860-8335 x1232


Investor Relations Contacts:

CCG Investor Relations

Mr. John Harmon, CFA, Sr. Account Manager

Phone: +86-10-6561-6886 x807 (Beijing)


M s . Kristin Knies , Senior Market Intelligence Executive

Phone: +1-646-833-34 01 (New York)

E-mail: kristin . knies

SOURCE Telestone Technologies Corporation

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