Exhibit 10.8
 
 
Power of Attorney

I, Meng Xianhua, am a citizen of the People’s Republic of China (the “PRC”),
have an ID number of 3708264712084628, and hold a 1% equity interest (the
“Equity Interest”) in Shandong Zhidali Industrial Co., Ltd. (the “Company”). As
a shareholder of the Company, I hereby irrevocably entrust Tengzhou City Yangshi
Keguang Electronics Co., Ltd. (“Yangshi Keguang”) to exercise the following
rights under the terms of this Power of Attorney:

I exclusively authorize Yangshi Keguang to be my sole representative with full
authority to perform and exercise any and all shareholder’s rights associated
with the Equity Interest, including but not limited to, the right to attend
shareholders’ meetings, the right to execute shareholders’ resolutions, the
right to sell, assign, transfer or pledge any or all of the Equity Interest and
the right to vote the Equity Interest for all matters, including but not limited
to, the appointment of legal representatives, board members, executive
directors, inspectors, chief managers and other senior management officers.

I exclusively entrust Yangshi Keguang as my sole representative with full power
to execute any agreement for the transfer of the Equity Interest pursuant to
that certain Exclusive Equity Interest Purchase Agreement of even date herewith
and to which I am a party, to perform the obligations thereunder on my behalf
and to complete all actions I am required to perform under the Exclusive Equity
Interest Purchase Agreement and the Equity Interest Pledge Agreement, both of
which I am a party to and which are entered into as of the execution date of
this Power of Attorney. The performance of the above mentioned rights shall not
constitute a limitation on this Power of Attorney.

Except as otherwise provided hereunder, Yangshi Keguang shall be entitled to
transfer, allocate or in any other way utilize the cash dividends and other
non-cash income arising out of the Equity Interest in accordance with my oral or
written instructions.

Except as otherwise provided hereunder, Yangshi Keguang shall be entitled to
exercise all the necessary rights associated with the Equity Interest at its
sole discretion and without any further oral or written instructions.

Yangshi Keguang is entitled to assign the authorization granted under this Power
of Attorney to any other individual(s) or legal person(s) without issuing any
advance notice or obtaining my consent. Should any such assignment occur,
Yangshi Keguang shall promptly notify me and indemnify me from any and all
losses incurred as a result of the assignment.

This Power of Attorney shall be executed and come into effect as of the date set
forth below. This Power of Attorney is coupled with an interest and is
irrevocable and validly existing for as long as I am a shareholder of the
Company.

Should I desire to exercise the rights entrusted to Yangshi Keguang hereunder, I
shall provide Yangshi Keguang with advance notice of my intentions to do so and
agree that I shall have no authority to exercise such rights unless either
(i) the rights are specifically reserved to me hereunder or (ii) Yangshi
Keguang, in its sole and absolute discretion, consents to such exercise.
 

   
Signature
 
Meng Xianhua

Effective as of February 11, 2011