PacificNet Inc. to acquire a controlling interest in Guangzhou Dianxun Digital

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PacificNet Inc. to acquire a controlling interest in Guangzhou Dianxun Digital

January 15, 2005

PacificNet Inc., a leading provider of value-added telecom services in China, has entered into a definitive agreement to acquire a controlling interest in Guangzhou Dianxun Digital Network Technology ("Clickcom"), a leading mobile internet company in China serving four operators – China Mobile, China Unicom, China Telecom and China Netcom. Clickcom offers a wide variety of wireless internet services such as SMS, WAP and Java mobile applications. The acquisition should be completed in January 2005.