CDC Mobile announced in a statement that it has agreed to acquire 100% of Timeheart, another leading Mobile Valued Added Service ("MVAS") provider in China.  CDC Mobile is a wholly owned subsidiary of China.com Inc., a business unit of CDC Corporation.  The maximum consideration payable, subject to the achievement of certain financial milestones over the next 16 months, is approximately 25.4 million US dollars. The maximum consideration will be comprised of approximately US$2.0 million in cash and US$3.7 million in China.com shares and the remaining balance of approximately US$19.7 million in shares of CDC Mobile. Timeheart has been operating since 2001 and provides a full suite of MVAS products through personal digital assistant, wireless application protocol, multimedia service (MMS), interactivevoice response, SMS and media stream with connectivity at both the national and provincial levels of all four telecom operators in China. For the year ended December 31, 2005, Timeheart recorded a net profit of approximately 3.5 million US dollars as calculated under Hong Kong GAAP.  China.com anticipates that the transaction will be competed in the second half of 2006.