Stock Sales Agreement
THIS STOCK SALES AGREEMENT dated on the 5 th day of October 2005
Value Global International Ltd of
P.O. Box 957, Offshore Incorporations Centre,
Road Town, Tortola , British Virgin Islands
( the ‘Seller’)
OF THE FIRST PARTY
Galaxy View International Ltd. of
14/F, Ren Min Building, No.6002, Shen Nan Road
Fu Tian District, Shenzhen, P.R.C
( the ‘Buyer’)
OF THE SECOND PARTY
WHEREAS, Seller held 1,222,065 shares of the restricted stock of China Digital Communication Group, which
is U.S public company listed on NASDAQ Bulleting Board with Tickle “CHID”.
WHEREAS, Seller is willing to sell to Buyer, and Buyer is willing to purchase from Sellers, and, the Shares for
the consideration specified and subject to the terms, conditions and provisions hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in
consideration of the representations, warranties, and covenants herein contained, the Parties agree as follows.
SALES OF SHARES
1.1 SALE AND TRANSFER OF SHARES. Subject to the terms and conditions set forth in this Agreement, on
the date of the agreement been signed by both parties , Sellers will transfer and convey the Shares to Buyer, and
Buyer will acquire the Shares from Sellers.
1.2 CONSIDERATION FROM BUYER AT EXECUTION/CLOSING. Buyer will accept the Shares and pay
for the Shares according to 5% of discount of the closing high bid price for CHID Common Stock as reported
on the NASDAQ OTCBB Market for the date of October 5 th , 2005, which was $0.475/share, with the sum of
$580,480.87 USD, paid as follow:
SELLER’S REPRESENTATIONS AND WARRANTIES
Seller represents and warrants that:
2.1 Seller is a corporation duly organized, validly existing and in good standing under the laws of British
Virgin Island and has all necessary corporate power to own its properties and to operate its business