Document:

<PAGE>
                                                                       Ex. 10.32

        ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA CO., LTD., (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter the "PARTICIPANT
SHAREHOLDER"), and HEFEI FUKESI ADVERTISEMENT CO., LTD. (registered address:
Room B2401, Gujin Baihua Building, 156 Shouchun Rd., Hefei) (hereinafter the
"NEW TARGET COMPANY"), as independent party, hereby agree to participate in the
Call Option Agreement among FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.,
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. and other relevant parties
(hereinafter, "CALL OPTION AGREEMENT") dated March 28 2005. The Participant
Shareholder hereby grant Focus Media Technology with an irrevocable equity Call
Option (hereinafter "CALL OPTION") in respect to 10% of the equity share of New
Target Company held by this company. Once this Acknowledgement Letter is
executed by this company, the New Target Company and the newly increase equity
share begin to be the "Target Company" and "Option Equity" defined under the
Call Option Agreement (hereinafter the "CALL OPTION AGREEMENT") entered into
between this company, Focus Media Technology and other relevant parties dated
March 28 2005; and this company immediately make the same representations and
warranties in respect to the New Target Company and relevant equity Call Option
as this company made under the Call Option Agreement in respect to the defined
Target Company and Call Option and undertake the same obligations therein.

<PAGE>

SHANGHAI FOCUS MEDIA CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

HEFEI FUKESI ADVERTISEMENT CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO.,
LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

                                        2<PAGE>
                                                                       Ex. 10.33

        ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., (registered address: F Room 1003,
No.1027, Changning Road, Changning District, Shanghai) (hereinafter the
"PARTICIPANT SHAREHOLDER"), and SHENYANG FOCUS MEDIA ADVERTISEMENT CO., LTD.
limited liability company (registered address: Room 809, 81 Wencui Rd,
Shengyang) (hereinafter the "NEW TARGET COMPANY"), as independent party, hereby
agree to participate in the Call Option Agreement among FOCUS MEDIA TECHNOLOGY
(SHANGHAI) CO., LTD. (hereinafter "FOCUS MEDIA TECHNOLOGY"), SHANGHAI FOCUS
MEDIA ADVERTISEMENT CO., LTD. and other relevant parties (hereinafter, "EQUITY
PLEDGE AGREEMENT") and other parties dated March 28 2005. The Participant
Shareholder hereby grant Focus Media Technology with an irrevocable equity Call
Option (hereinafter "CALL OPTION") in respect to 70 % of the equity share of New
Target Company held by this company. Once this Acknowledgement Letter is
executed by this company, the New Target Company and the newly increase equity
share begin to be the "Target Company" and "Option Equity" defined under the
Call Option Agreement (hereinafter the "CALL OPTION AGREEMENT") entered into
between this company, Focus Media Technology and other relevant parties dated
March 28 2005; and this company immediately make the same representations and
warranties in respect to the New Target Company and relevant equity Call Option
as this company made under the Call Option Agreement in respect to the defined
Target Company and Call Option.

SHANGHAI FOCUS MEDIA ADVERTISEMENT
CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

SHENYANG FOCUS MEDIA ADVERTISEMENT
CO., LTD.
(Company chop)

<PAGE>

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI)
CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

                                        2<PAGE>
                                                                       Ex. 10.34

        ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., (registered address: F
Room 1003, No.1027, Changning Road, Changning District, Shanghai) (hereinafter
the "PARTICIPANT SHAREHOLDER"), and SHENZHEN BIANJIE BUILDING ADVERTISEMENT CO.,
LTD. limited liability company (registered address: Room 1020, A,
Wangxing Square, 38 Hongli Rd., Shenzhen) (hereinafter the "NEW TARGET
COMPANY"), as independent party, hereby agree to participate in the Call Option
Agreement among FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD., SHANGHAI FOCUS
MEDIA ADVERTISEMENT CO., LTD. and other relevant parties (hereinafter, "CALL
OPTION AGREEMENT") dated March 28 2005. The Participant Shareholder hereby grant
Focus Media Technology with an irrevocable equity Call Option (hereinafter "CALL
Option") in respect to 99 % of the equity share of New Target Company held by
this company. Once this Acknowledgement Letter is executed by this company, the
New Target Company and the newly increase equity share begin to be the "Target
Company" and "Option Equity" defined under the Call Option Agreement
(hereinafter the "CALL OPTION AGREEMENT") entered into between this company,
Focus Media Technology and other relevant parties dated March 28 2005; and this
company immediately make the same representations and warranties in respect to
the New Target Company and relevant equity Call Option as this company made
under the Call Option Agreement in respect to the defined Target Company and
Call Option and undertake the same obligations therein.

<PAGE>

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO.,
LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

SHENZHEN BIANJIE BUILDING ADVERTISEMENT
CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO.,
LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

                                        2<PAGE>
                                                                       Ex. 10.35

        ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA CO., LTD., (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter the "PARTICIPANT
SHAREHOLDER"), and SHENZHEN BIANJIE BUILDING ADVERTISEMENT CO., LTD. (registered
address: Room 1020, A, Wangxing Square, 38 Hongli Rd., Shenzhen) (hereinafter
the "NEW TARGET COMPANY"), as independent party, hereby agree to participate in
the Call Option Agreement among FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.,
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. and other relevant parties
(hereinafter, "CALL OPTION AGREEMENT") dated March 28 2005. The Participant
Shareholder hereby grant Focus Media Technology with an irrevocable equity Call
Option (hereinafter "CALL OPTION") in respect to 1% of the equity share of New
Target Company held by this company. Once this Acknowledgement Letter is
executed by this company, the New Target Company and the newly increase equity
share begin to be the "Target Company" and "Option Equity" defined under the
Call Option Agreement (hereinafter the "CALL OPTION AGREEMENT") entered into
between this company, Focus Media Technology and other relevant parties dated
March 28 2005; and this company immediately make the same representations and
warranties in respect to the New Target Company and relevant equity Call Option
as this company made under the Call Option Agreement in respect to the defined
Target Company and Call Option and undertake the same obligations therein.

<PAGE>

SHANGHAI FOCUS MEDIA CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

SHENZHEN BIANJIE BUILDING ADVERTISEMENT
CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO.,
LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

                                        2<PAGE>
                                                                       Ex. 10.36

                   ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
                   SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., (registered address: F Room 1003,
No.1027, Changning Road, Changning District, Shanghai) (hereinafter the
"PARTICIPATING SHAREHOLDER"), and FUZHOU FUKESI ADVERTISEMENT CO., LTD.
(registered address: 18 Floor, Xinduhui Garden Square, 171 Northern Wuyi Rd.
Fuzhou) (hereinafter the "PARTICIPATED TARGET COMPANY"), as independent party,
hereby agree to participate in the Shareholders' Voting Rights Proxy Agreement
among FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD., SHANGHAI FOCUS MEDIA
ADVERTISEMENT CO., LTD. and other relevant parties (hereinafter, "PROXY
AGREEMENT") dated March 28 2005. Participating Shareholder and Participated
Target Company agree to entrust the Trustees designated by Focus Media
Technology to exercise the voting rights in Participating Target Company in
respect of 70% of the equity interest in the registered capital of Participating
Target Company held by the Participating Shareholder as of the date of the
Acknowledgement Letter, on behalf of Participating Shareholder.

Once this Acknowledgement Letter is executed by the Participating Shareholder
and Participating Target Company, Participating Shareholder and Participated
Target Company shall be deemed to have made the same undertakings and warranties
with those of the Shareholders and Target Companies under the Proxy Agreement,
agreed to respectively perform the obligations of the Shareholders and Target
Companies stipulated in the Proxy Agreement, and acknowledged the rights and
obligations of the Parties under the Proxy Agreement.

<PAGE>

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FUZHOU FUKESI ADVERTISEMENT CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI)
CO., LTD.
(Company chop)

Signature by: /s/ Jason Nanchun Jiang
              --------------------------
Name: Jason Nanchun Jiang
Position: Legal Representative
Date: January 13, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]