DF China Technology signs definitive agreement to acquire mobile Internet applications provider

Mobile Internet, The, Jan, 2005

DF China Technology Inc., a provider of information technology solutions for the logistics and supply-chain management industry in China and Hong Kong, announced the signing of a definitive agreement to acquire DiChain Sky Digital Co. Ltd. ("DSDC") from the Company's parent firm, China Merchants DiChain Group, in a combination of cash and common stock in exchange for 100 percent of the common stock of DSDC.

DSDC, founded by China Merchants DiChain Group, is primarily engaged in designing, developing, operating, and marketing mobile network games and mobile-Internet service applications based on its proprietary mobile (KJava) application platform. DSDC is one of the pioneer mobile-Internet (MoNet) developers in China. DSDC has developed over 30 mobile gaming products and is now beginning to market its portfolio. DSDC has partnerships with China Mobile, SINA, SOHU, and TENCENT in co-marketing its products and services.

In addition to mobile gaming development, the Company plans to develop more commercial applications of mobile-Internet services into several vertical industries, including travel, logistics, and mobile-banking services, all rapidly growing sectors in China.