**Exhibit      4.31**

**Execution      Copy**

**IDG      TECHNOLOGY VENTURE INVESTMENT, INC.**

**TRADE      MEDIA HOLDINGS LIMITED**

**INTERNATIONAL      DATA GROUP, INC.**

**AGREEMENT**

**HC      INTERNATIONAL, INC.**

----

**TABLE      OF CONTENTS**

| 1.  | INTERPRETATION                                              | 1  |
|-----|-------------------------------------------------------------|----|
| 2.  | CONDITIONS                                                  | 5  |
| 3.  | SALE                  AND PURCHASE                          | 6  |
| 4.  | Acquisition                  price                          | 7  |
| 5.  | Adjustment                  to acquisition price            | 7  |
| 6.  | COMPLETION                                                  | 8  |
| 7.  | WARRANTIES                  and indemnities by the Vendor   | 10 |
| 8.  | undertakings                  and indemnities by the Vendor | 13 |
| 9.  | undertaking                  by the purchaser               | 13 |
| 10. | GUARANTEE                  AND INDEMNITY                    | 13 |
| 11. | GENERAL                                                     | 17 |
| 12. | NOTICES                                                     | 19 |
| 13. | GOVERNING                  LAW                              | 20 |

----

**THIS      AGREEMENT**

**BETWEEN:**

| 1. | **IDG                TECHNOLOGY VENTURE INVESTMENT, INC.**,                a                company incorporated under the General Laws of the Commonwealth of                Massachusetts and having its correspondence address at Room 616,                Tower A,                COFCO Plaza, 8 Jianguomenwei Dajie, Beijing, 100005 PRC (“**IDG                or the Vendor**”); |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | **TRADE                MEDIA HOLDINGS LIMITED**,                a                company incorporated in the Cayman Islands and having its registered                address at P.O. Box 219 GT, Strathvale House, North Church Street,                George                Town, Grand Cayman, Cayman Islands (the “**Purchaser**”);                and |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | **INTERNATIONAL                DATA GROUP, INC.**,                a                company incorporated under the General Laws of the Commonwealth of                Massachusetts and having its correspondence address at Room 616,                Tower A,                COFCO Plaza, 8 Jianguomenwei Dajie, Beijing, 100005 PRC (the “**Guarantor**”). |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**RECITALS:**

| (A) | HC                International, Inc. (the “**Company**”)                was incorporated in the Cayman Islands as an exempted company with                limited                liability on 3rd March, 2000 and its shares are listed on the Growth                Enterprise Market of the Stock Exchange. Further details of the Company                are set out in Part I of Schedule                1. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The                Vendor holds a total of 73,331,954 Shares of the Company (representing                approximately 15.32% of the total issued share capital of the Company),                as                at the date of this Agreement, out of which the Vendor has agreed                to sell                and the Purchaser has agreed to purchase the Sale Shares on the terms                and                conditions set out in this                Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The                Guarantor is the sole limited partner of IDG. The Guarantor has agreed                to                guarantee the obligations of the                Vendor. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IT      IS AGREED**

| **1.  ** | **INTERPRETATION** |
|--------------------|--------------------|

| 1.1   | In                this Agreement, and in the Schedules, the following definitions are                used: |
|-----------------|------------------------------------------------------------------------------------------------------------|

**Associate**

**Accounts**

----

**Acquisition      Price**

**Business      Day**

**CCASS**

**Companies      Ordinance**

**Completion**

**Disclosure      Letter**

*[*      Material omitted and filed separately with the Securities and Exchange      Commission pursuant to a request for confidential treatment under Rule 14-b2      of      the Securities Exchange Act of 1934, as amended.]*

**Executive**

**Group**

**HC      Construction**

**HC      Construction Option**
**Beijing      Huicong Option Shares**
**Beijing      Huicong**

**HC      Construction Option Deed**

**Hong      Kong**

**Listing      Rules**

----

**Options**
**Option      Shares**
**Option      Period**

**Option      Deed**

**Option      Grantors**
*[*      Material omitted and filed separately with the Securities and Exchange      Commission pursuant to a request for confidential treatment under Rule 14-b2      of      the Securities Exchange Act of 1934, as amended.],*
*[*      Material omitted and filed separately with the Securities and Exchange      Commission pursuant to a request for confidential treatment under Rule 14-b2      of      the Securities Exchange Act of 1934, as amended.]*

**PRC**

**Purchaser’s      Solicitors**

**Purchaser      Shareholding**

**RMB**

**Sale      Shares**

**SFC**

**Shares**

**Stock      Exchange**

**Subsidiaries**

----

**Takeovers      Code**

**Tax**
**Taxation**

**Vendor’s      Solicitors**

**Warranties**

**HK$**

| 1.2   | In                this Agreement, words and expressions defined in the Companies Ordinance                shall bear the same meaning as in that Ordinance unless expressly                stated                otherwise. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3   | In                this Agreement, save where the context otherwise                requires: |
|-----------------|---------------------------------------------------------------------------------------------|

| 1.3.1   | a                reference to a statute or statutory provision shall include a reference                to                that statute or provision as from time to time consolidated, modified,                re-enacted or replaced by any statute or statutory provision; to                any                repealed statute or statutory provision which it re-enacts (with                or                without modification); and any subordinate legislation made under                the                relevant statute; |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.2   | words                in the singular shall include the plural, and vice                versa; |
|-------------------|-----------------------------------------------------------------------------------------------|

| 1.3.3   | the                masculine gender shall include the feminine and neutral and vice                versa; |
|-------------------|-----------------------------------------------------------------------------------------------------------|

| 1.3.4   | a                reference to a person shall include a reference to a firm, a body                corporate, an unincorporated association or to a person’s executors or                administrators; |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.5   | a                reference to a clause, paragraph or Schedule (other than to a schedule                to                a statutory provision) shall be a reference to a clause, paragraph                or                Schedule (as the case may be) of or to this                Agreement; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.6   | if                a period of time is specified and commences from a given day or the                day of                an act or event, it shall be calculated exclusive of that                day; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.7   | references                to any legal term for any action, remedy, method or judicial proceeding,                legal document, legal status, court, official or any legal concept                or                thing shall in respect of any jurisdiction other than Hong Kong be                deemed                to include what most nearly approximates in that jurisdiction to                the Hong                Kong legal term; |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.8   | references                to writing shall include any modes of reproducing words in a legible                and                non-transitory form; |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.9   | a                reference to a balance sheet or profit and loss account shall include                a                reference to any note forming part of                it; |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.3.10   | where                any of the Warranties is qualified by the expression “to the best of the                knowledge of the Vendor” or any similar expression, that expression shall                be taken to mean “to the best knowledge of the Vendor acting reasonably                and in good faith, after making due, diligent and careful enquiries” and                that the Vendor has used its best endeavours to ensure that all                information given in the Warranty is true, complete and accurate                in all                material respects; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.11   | a                reference to “includes” or “including” shall mean “includes without                limitation” or “including without                limitation”; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.12   | references                to documents “in the agreed terms” shall be to documents agreed between                the parties, annexed to this Agreement and initialled for identification                by the Vendor’s Solicitors and the Purchaser’s                Solicitors; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.13   | the                headings in this Agreement are for convenience only and shall not                affect                the interpretation of any provision of this Agreement;                and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.14   | references                to this Agreement include this Agreement as amended or supplemented                in                accordance with its terms. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4   | The                designations adopted in the recitals and introductory statements                preceding                this clause apply throughout this Agreement and the                Schedules. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.5   | Where                any obligation in this Agreement is expressed to be made, undertaken                or                given by two or more parties, they shall be jointly and severally                liable                in respect of it. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.  ** | **CONDITIONS** |
|--------------------|----------------|

| 2.1   | The                provisions of this Agreement, other than clauses 1, 2, 7, 10, 12                and 13,                are subject to each of the following conditions being                satisfied: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.1   | the                obtaining in a form satisfactory to the Purchaser of any consent                to the                sale and purchase of the Sale Shares under this Agreement, if                required; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.2   | the                full and effective release of all charges, mortgages, pledges, liens,                encumbrances and other security of whatever nature over or in respect                of                all of the Sale Shares, if any; and |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.3   | the                receipt of all PRC regulatory approvals in respect of companies operating                in advertising, internet and broadcasting industries as may be required                to                complete this Agreement; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.4   | the                Vendor, the Option Grantors and the Purchaser entering into the Option                Deed; |
|-------------------|----------------------------------------------------------------------------------------------------------------|

| 2.1.5   | HC                Construction and the Purchaser entering into the HC Construction                Option                Deed; |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------|

----

| 2.1.6   | all                relevant governmental and regulatory approvals (if any) relating                to the                execution of this Agreement, the Option Deed and the HC Construction                Option Deed, having been obtained, and for the avoidance of doubt                does not                relate to completion of the Option Deed and the HC Construction                Deed; |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.7   | the                Executive having confirmed that (i) no mandatory offer obligation                under                Rule 26 of the Takeovers Code will be triggered as a result of the                transactions contemplated under this Agreement and the execution                of the                Option Deed and the HC Construction Option Deed and (ii) the Purchaser                is                not acting in concert with any of the Vendor, Option Grantors or                HC                Construction within the meaning of the Takeovers Code;                and |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.8   | save                as specifically disclosed or otherwise provided in this Agreement                (including but not limited to the matters referred to in clause 8.1                hereof) there has been no event, change or occurrence which, individually                or together with any other event, change or occurrence has, or would,                or                could reasonably be expected to have, a material adverse effect on                or                cause a material adverse change to the financial or trading position                or                prospects of the Company, |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2   | The                Vendor shall procure that the conditions in clause 2.1 (relating                to itself                including clauses 2.1.1 to 2.1.3 and clause 2.1.6) are satisfied                (unless                validly waived) as soon as practicable but in any event prior to                21 June                2006. No party is entitled to withdraw from this Agreement before                21 June                2006 unless any of the conditions in clause 2.1 becomes incapable                of                fulfilment. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3   | Each                party shall immediately notify the other parties as soon as it becomes                aware that a condition in clause 2.1 has been satisfied or that any                such                condition is incapable of                fulfilment. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.  ** | **SALE                AND PURCHASE** |
|--------------------|--------------------------------------|

| 3.1   | The                Vendor, as beneficial owner, shall sell or procure to be sold and                the                Purchaser shall purchase the Sale                Shares. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2   | The                Sale Shares shall be sold at Completion free from any claim, option,                charge, lien, equity, encumbrance, rights of pre-emption or any other                third party rights and together with all rights attached to them                at the                date of this Agreement or subsequently becoming attached to them                (including but not limited to the rights to receive all dividends                and                other distributions, if any, declared made or paid on or after the                date of                this Agreement, but excluding any voting rights which shall only                accrue to                the Purchaser after Completion). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.3   | The                Vendor waives and agrees to procure the waiver of any restrictions                on                transfer (including pre-emption rights) which may exist in relation                to the                Sale Shares under the constitutional documents of the Company or                any                contract or otherwise. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | The                Vendor shall use its best endeavours to procure that prior to Completion                the businesses of the Group shall be operated in the ordinary course                of                business in compliance with all laws and regulations and in substantially                the same manner as such businesses have been carried on before the                date of                this Agreement, so as to maintain each such business as a going concern.                Pending Completion, the Vendor shall use its best endeavours to procure                that each member of the Group: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4.1   | shall                not do or omit to do (or allow to be done or to be omitted to be                done) any                act or thing (in either case whether or not in the ordinary course                of                day-to-day operations) which may breach any of the Warranties;                and |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4.2   | shall                take all reasonable steps to preserve and protect its business and                assets                and the Vendor shall notify the Purchaser in writing promptly of                any                material adverse change in such business or assets or of any breach                or                potential breach of the undertakings in this clause                3.4. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **4.  ** | **ACQUISITION                PRICE** |
|--------------------|--------------------------------------|

| 4.1   | Subject                to the adjustment in accordance with clause 5, the total consideration                for                the sale of the Sale Shares shall be the payment at Completion to                the                Vendor of the Acquisition Price. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.  ** | **ADJUSTMENT                TO ACQUISITION PRICE** |
|--------------------|----------------------------------------------------|

| 5.1   | Subject                to Clause 5.2 below, the Acquisition Price shall be adjusted such                that an                additional sum of HK$31,093,343 representing HK$0.6497 per Sale Share                (“**Adjusted                Acquisition Price**”)                shall be payable to the Vendor if                either: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.1   | [*                *Material                omitted and filed separately with the Securities and Exchange Commission                pursuant to a request for confidential treatment under Rule 14-b2                of the                Securities Exchange Act of 1934, as amended.*];                or |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.2   | upon                completion of the sale and purchase of the Option Shares (whether                under                clause 2.1.1 or under clause 2.1.2 of the Option                Deed). |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2   | In                the event that the Adjusted Acquisition Price is payable, the Adjusted                Acquisition Price shall be paid by electronic funds transfer to the                bank                account of the Vendor (as notified by the Vendor prior to such payment)                within 5 Business Days from the earlier                of: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2.1   | the                date on which the audited consolidated accounts for the financial                year                ending 31 December 2006 is published;                or |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2.2   | the                completion of the sale and purchase of the Option Shares (whether                under                clause 2.1.1 or under clause 2.1.2 of the Option                Deed). |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **6.  ** | **COMPLETION** |
|--------------------|----------------|

| 6.1   | Subject                to Clause 2.1, Completion shall take place at the offices of the                Vendor’s                Solicitors on the fifth (5th) Business Day following the satisfaction                (or                waiver, as appropriate) of all conditions set out in clause 2.1 (or                at                such other place or time as the parties shall                agree). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2   | At                Completion, the Vendor shall deliver or cause to be delivered to                the                Purchaser or the Purchaser’s                Solicitors: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.1   | duly                executed instruments of transfer and sold notes in favour of the                Purchaser                or its nominee in respect of the Sale Shares together with definitive                share certificates for them in the names of the relevant                transferors; |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.2   | any                power of attorney under which any document required to be delivered                pursuant to this clause 6.2 is executed on behalf of a transferor                or other                person and, in the case of a body corporate, evidence to the satisfaction                of the Purchaser as to the authority of the person executing such                documents on behalf of the body                corporate; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.3   | in                the case of a transferor who is not registered as the holder of any                of the                Sale Shares sold by him, evidence to the Purchaser’s satisfaction of his                title or right to sell those Sale                Shares; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.4   | any                waivers, consents or other documents required to vest in the Purchaser                the                full beneficial ownership of the Sale Shares and enable the Purchaser                to                procure them to be registered in the name of the Purchaser or its                nominee; |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.5   | evidence                (or failing which, written confirmation from the Vendor) to the                satisfaction of the Purchaser of the fulfilment of the conditions                (unless                validly waived by the Purchaser) specified in clauses 2.1.1 to                2.1.6; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.6   | a                cheque drawn in favour of “the Government of the Hong Kong Special                Administrative Region” for HK$77,027.45 representing the estimated stamp                duty, SFC transaction levy and Stock Exchange trading fee payable                by the                Vendor on the instruments of transfer and the sold notes in respect                of the                Sale Shares. The Vendor hereby undertake to immediately pay to the                Purchaser any additional stamp duty which may be assessable on the                Sale                Shares (excluding any penalty duty assessable due to a failure to                present                the relevant documents for stamping within the relevant time period                by the                Purchaser); |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.7   | certified                copy of the resignation letters of the director of the Company who                is                referred to in clause 6.2.8(D), such registration to take effect                as at                Completion; and |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.8   | certified                copy resolutions of the directors of the Company approving the following                matters: |
|-------------------|---------------------------------------------------------------------------------------------------------------------------|

----

| (A)   | the                transfer of the Sale Shares for registration and the entry of the                transferee in the register of members of the Company, in each case                subject                only to the transfer being subsequently presented duly stamped (if                required); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | the                appointment of Mr. Merle A. Hinrichs (i) as a non-executive director                of                the Company and (ii) as a member of the audit committee and remuneration                committee of the Company with effect from the date of                Completion; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | the                appointment of Mr. Li Jianguang as a non-executive director of the                Company                with effect from the date of Completion;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | the                resignations of two (2) existing directors of the Company, Mr. Hugo                Shong                and Mr. Yang Fei, who are to be replaced by the persons referred                to in                sub-clauses (B) and (C) above, with effect from the date of                Completion. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3   | At                Completion, |
|-----------------|-------------------------------|

| 6.3.1   | the                Vendor shall procure that its designated CCASS Participant gives                an                irrevocable delivery instruction to effect a book-entry settlement                of the                Sale Shares in accordance with this Agreement and the General Rules                and                the Operational Procedures to the credit of the stock accounts of                the                CCASS Participant of the Purchaser in accordance with the instructions                and                details provided to the Vendor by the Purchaser prior to                Completion; |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3.2   | the                Purchaser shall deliver a copy of the confirmation obtained from                the SFC                for the purpose of Clause 2.1.7;                and |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3.3   | the                Purchaser shall pay by electronic funds transfer for same day value                to the                bank accounts of the Vendor (as notified by the Vendor prior to                Completion) the Acquisition Price. Receipt of the same by the Vendor                shall                be a valid discharge of the Purchaser’s obligations under clause                4.1. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4   | No                party shall be obliged to complete this Agreement unless the other                party                complies fully with all its obligations under clauses 6.2 and                6.3. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5   | If                the Vendor shall be unable to comply with any of its obligations                under                clauses 6.2 and 6.3 on or before the date fixed for Completion the                Purchaser may: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5.1   | defer                Completion with respect to the Sale Shares to a date selected by                the                Purchaser not more than 28 days after that date (in which case this                clause                shall apply to Completion as so deferred);                or |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5.2   | rescind                this Agreement without liability to the Vendor whereupon and from                such                date the provisions of this Agreement (other than clauses 1, 7, 10,                12 and                13) |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.6   | For                so long after Completion as the Vendor (or their nominee(s)) remains                the                registered holder of any of the Sale Shares, the Vendor shall hold                (or                procure the holding of) the Sale Shares and any dividend, distributions,                property and rights deriving from them in trust for the Purchaser                and                shall deal (or procure the dealing) with the Sale Shares and any                dividend,                distributions, property and rights deriving from them as the Purchaser                directs; in particular, the Vendor shall exercise (or procure the                exercise                of) all voting rights attached to the Sale Shares as the Purchaser                directs                or shall execute (or procure the execution of) an instrument of proxy                or                other document which enables the Purchaser or its representative                to attend                and vote at any meeting of the                Company. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **7.  ** | **WARRANTIES                AND INDEMNITIES BY THE                VENDOR** |
|--------------------|----------------------------------------------------------------------------|

| 7.1   | The                Vendor warrants and represents to the Purchaser in the terms of the                Warranties. The Guarantor separately warrants and represents to the                Purchaser in the terms of the Warranties on the basis that each reference                to the Vendor in the Warranties shall be deemed to be a reference                to the                Guarantor. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2   | The                Vendor acknowledges that, in entering into this Agreement, the Purchaser                has relied upon prior representations by the Vendor in the terms                of the                Warranties. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3   | The                Vendor shall not (in the event of any claim being made against the                Vendor                in connection with the sale of the Sale Shares to the Purchaser)                make any                claim against any member of the Group (or any Associate) or against                any                director or employee of any member of the Group (or any Associate)                on whom                the Vendor may have relied before agreeing to any term of this                Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4   | Each                of the Warranties shall be construed as a separate warranty and except                where this Agreement expressly provides otherwise, each Warranty                is not                limited or restricted by reference to or inference from the terms                of any                other Warranty or any other term of this                Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.5   | The                Vendor shall procure that the Warranties are true and accurate at                all                times up to and including Completion by reference to the facts and                circumstances then subsisting and, for this purpose, the Warranties                shall                be deemed to be repeated at all times up to and including Completion                as if                any express or implied reference therein to the date of this Agreement                shall be replaced by a reference to the time at which such Warranty                is                deemed to be repeated. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.6   | The                Warranties are and shall be given subject to the matters disclosed                or                referred to in the Disclosure Letter to the intent that the Vendor                shall                not be liable by reason of any of the Warranties being untrue or                misleading or breached to the extent that the same has been disclosed                in                the Disclosure Letter. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.7   | The                total liability of the Vendor and the Guarantor under Clauses 7 and                8 of                this Agreement shall not exceed the Acquisition Price (as adjusted                in                accordance with Clause 4 above). |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.8   | The                Vendor and the Guarantor shall have no liability under this                Agreement: |
|-----------------|----------------------------------------------------------------------------------------------------------|

| 7.8.1   | unless,                in the case of any particular claim, the amount thereof shall exceed                HK$1,000,000; or |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------|

| 7.8.2   | until                the aggregate amount of all valid claims which could otherwise be                made                under this Agreement (including all claims which could be made but                for the                operation of Clause 7.8.1) shall exceed HK$3,000,000 at which time                all                such valid claims shall become                payable. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.9   | If                any claim for breach of Warranties is brought under this Agreement                in                relation to any liability of the Purchaser, the Company or any member                of                the Group which is contingent only, the Vendor shall not be liable                to make                any payment in respect thereof until such contingent liability becomes                an                actual liability. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.10   | In                the event of any claim for breach of any of the Warranties, it shall                be                open to the Vendor to reduce the amount of such claim by the amount                by                which at the date of such claim: |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.10.1   | any                contingency provided against in the Accounts is certified by the                auditors                of the Company as having been discharged or satisfied below the amount                attributed thereto in the Accounts; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.10.2   | any                contingency provided against in the accounts is certified by the                auditors                of the Company as having been ascertained as over-provided for in                the                Accounts; and/or |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.10.3   | the                amount of any taxation credits, reliefs or set off due to or received                by                the Purchaser, the Company or any member of the Group except to the                extent                that the same shall have been taken into account in the                Accounts; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.11   | The                Vendor shall not be liable for breach of any Warranty to the extent                that                such liability arises by reason of any act or omission effected by                the                Purchaser after Completion or by reason of any retrospective change                in the                law or practice of relevant tax authorities coming into force after                the                date hereof or to the extent such liability arises or is increased                by an                increase in rates of taxation after the date hereof with retrospective                effect. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.12   | To                the extent that the Purchaser shall have been compensated in respect                of                any facts or circumstances for any breach of any of the Warranties                or                under any terms of this Agreement, the Purchaser shall not be entitled                to                claim under any other of the Warranties or other term of this Agreement                in                respect of the same facts or                circumstances. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.13   | If                the Vendor pays any amount to the Purchaser by way of damages for                breach                of the Warranties (a “**Damages                Payment**”)                and the Purchaser subsequently receives any amount (the “**Repaid                Amount**”)                from any third party otherwise than from the Vendor which payment                would                not have been received but for the circumstances giving rise to the                claim                in respect of which the Damages Payment was made, the Purchaser shall,                once it has received such amount, as soon as reasonably practicable                repay                to the Vendor the Repaid Amount. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.14   | If                the Vendor pays any Damages Payment to the Purchaser and any member                of the                Group subsequently receives the Repaid Amount from any third party                otherwise than from the Vendor which payment would not have been                received                but for the circumstances giving rise to the claim in respect of                which the                Damages Payment was made, the Purchaser shall as soon as reasonably                practicable repay to the Vendor such part of the Repaid Amount which                is                proportionate to its shareholding in the Company as at                Completion. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.15   | The                Purchaser shall be entitled to claim both before and after Completion                that                any of the Warranties is or was untrue or misleading or has or had                been                breached even if the Purchaser could have discovered on or before                entering                into this Agreement or before Completion that the Warranty in question                was                untrue or misleading or had been breached and Completion shall not                in any                way constitute a waiver of any of the Purchaser’s                rights. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.16   | The                Vendor undertakes to indemnify and keep indemnified the Purchaser                at any                time and from time to time from and against all claims, liabilities,                losses, reasonable costs and expenses which the Purchaser may suffer                or                incur or which may be made against the Purchaser either before or                after                the commencement of and arising out of, or in respect of, any action                in                connection with: |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.16.1   | the                settlement of any claim that (i) any of the Warranties or any other                term                of this Agreement (together the “**Undertakings**”)                is untrue or misleading or has been breached; or (ii) any of the                undertakings and indemnities in clause 8 has been                breached; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.16.2   | any                legal proceedings taken by the Purchaser claiming that (i) any of                the                Undertakings is untrue or misleading or has been breached; or (ii)                any of                the undertakings and indemnities in clause 8 has been breached and                in                which judgment is given for the Purchaser;                and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.16.3   | the                enforcement of any such settlement or judgment relating to the subject                matter in clauses 7.16.1 and 7.16.2 of this                Agreement. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.17   | The                rights and remedies of the Purchaser in respect of a breach of any                of the                Warranties shall not be affected by Completion, by any investigation                made                by or on behalf of the Purchaser into the affairs of the Group, by                the                giving of any time or other indulgence by the Purchaser to any person,                by                the Purchaser rescinding or not rescinding this Agreement, or by                any other                cause whatsoever except a specific waiver or release by the Purchaser                in                writing; and any such waiver or release shall not prejudice or affect                any                remaining rights or remedies of the                Purchaser. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.18   | Nothing                in this clause 7 restricts or limits any general obligation at law                of each                of the Purchaser, the Company and the Subsidiaries to mitigate any                loss or                damage which it may suffer or incur as a consequence of any breach                of any                Warranty. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.19   | If                before Completion: |
|------------------|--------------------------------------|

| 7.19.1   | the                Purchaser becomes aware that any of the Warranties was at the date                of this                Agreement, or has since become, untrue or misleading or that the                Vendor is                in breach of any term of this Agreement;                or |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.19.2   | save                as specifically disclosed or otherwise provided in this Agreement                (including clause 8.1 hereof), any other event occurs which has,                or could                be reasonably expected to have, or is likely to result in, a material                adverse effect on the financial position or business prospects of                the                Group and the Associates as a                whole; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.20   | The                rights, including rights of rescission, conferred on the Purchaser                by this                Agreement are in addition and without prejudice to all other rights                and                remedies available to the Purchaser, and no exercise or failure to                exercise a right under this Agreement or otherwise or to invoke a                remedy                shall constitute a waiver of that right or remedy by the                Purchaser. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8.  ** | **UNDERTAKINGS                AND INDEMNITIES BY THE                VENDOR** |
|--------------------|------------------------------------------------------------------------------|

*Material      omitted and filed separately with the Securities and Exchange Commission      pursuant to a request for confidential treatment under Rule 14-b2 of the      Securities Exchange Act of 1934, as amended.*

| **9.  ** | **UNDERTAKING                BY THE PURCHASER** |
|--------------------|-------------------------------------------------|

| 9.1   | The                Purchaser hereby irrevocably and unconditionally undertakes to the                Vendor                that in the event that the Purchaser does not exercise the Options                during                the Option Period, upon expiry of the Option Period, or if the Options                are                exercised but the sale and purchase of the Option Shares is not completed                in accordance with the terms of the Option Deed, the director of                the                Company nominated by the Purchaser shall resign from the audit and                remuneration committees of the                Company. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2   | The                Purchaser undertakes that, upon expiry of the Option Period, it shall                procure the resignation of the person nominated by the Purchaser                and                appointed as director of Beijing                Huicong. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **10.  ** | **GUARANTEE                AND INDEMNITY** |
|---------------------|--------------------------------------------|

| 10.1   | In                consideration of the Purchaser agreeing to purchase the Sale Shares                from                the Vendor on the terms set out in this Agreement, the Guarantor                unconditionally and irrevocably guarantees to the Purchaser the due                and                punctual discharge by the Vendor of all of its |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Guaranteed      Obligations**

| 10.2   | Without                prejudice to the rights of the Purchaser against the Vendor as primary                obligor, the Guarantor shall be deemed a principal debtor in respect                of                its obligations under this Agreement and not merely a surety and                accordingly the Guarantor shall not be discharged nor shall its liability                hereunder be affected by any act or thing or means whatsoever by                which its                said liability would not have been discharged if it had been a primary                debtor. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3   | The                Guarantor’s obligations shall be a continuing guarantee. The Purchaser may                make claims and demands of the Guarantor without limit of                number. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4   | The                Guarantor’s obligations shall be in addition to and not in substitution                for, and shall not be prejudiced by, any rights which the Purchaser                may                have pursuant to any other agreement or security which the Purchaser                may                enter into or obtain in relation to this Agreement or the Guaranteed                Obligations and the Guarantor’s obligations may be enforced against it                without first having recourse to any such rights or                security. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5   | The                Guarantor’s liability to the Purchaser shall not be discharged, impaired                or affected by reason of: |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5.1   | any                time, indulgence or waiver which the Purchaser may grant to the Vendor                or                any other person; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5.2   | any                legal limitation, disability or incapacity or other circumstances                relating                to the Vendor, or any amendment to or variation of any of the terms                of                this Agreement or of any Guaranteed                Obligations; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5.3   | any                defect in the obligations of the                Purchaser; |
|--------------------|-------------------------------------------------------------------------------|

| 10.5.4   | any                amendment to this Agreement; |
|--------------------|-------------------------------------------------|

| 10.5.5   | the                liquidation or dissolution of the Vendor or the appointment of a                receiver,                administrative receiver or administrator of any of the Vendor’s assets or                any change of control of the Vendor or the occurrence of any circumstance                affecting the liability of the Vendor to discharge any Guaranteed                Obligations; or |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5.6   | any                other matter or circumstance whereby but for this provision the Guarantor                would or might be discharged from liability under this clause                10. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6   | As                a separate, additional and continuing obligation, the Guarantor                unconditionally and irrevocably undertakes with the Purchaser that,                should                the Guaranteed Obligations not be recoverable from the Guarantor                under                clauses 10.1 and 10.2 for any reason whatsoever (including, but without                prejudice to the generality of the foregoing, by reason of any |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.7   | The                Guarantor will indemnify the Purchaser against all losses, claims,                costs,                charges and expenses to which it may be subject or which it may incur                whilst acting in good faith under or pursuant to this Agreement as                a                result of any default by the Vendor in performing any Guaranteed                Obligations or by the Guarantor in performing its obligations under                this                Agreement. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8   | Where: |
|------------------|--------|

| 10.8.1   | any                discharge (whether in respect of the Guaranteed Obligations, this                Agreement or otherwise) is made in whole or in part;                or |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8.2   | any                arrangement is made, |
|--------------------|-----------------------------------------|

| 10.9   | The                Guarantor hereby covenants with the Purchaser that after demand has                been                made by the Purchaser hereunder and until the amount so demanded                has been                paid in full or unless otherwise agreed in writing by the                Purchaser: |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9.1   | the                Guarantor will not make demand for the payment of any moneys from                time to                time due or becoming due to the Guarantor from the Vendor by reason                of any                payment made by the Guarantor hereunder or exercise any other right                or                remedy to which it may be entitled in respect of such moneys including                (without prejudice to the generality of the foregoing) any rights                of                subrogation or contribution or other right of a surety discharging                its                liability; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9.2   | in                the event of the insolvency or liquidation of the Vendor the Guarantor                will not prove in any such insolvency or liquidation in competition                with                the Purchaser for any moneys owing to the Guarantor by the Vendor                by                reason of any payment made by the Guarantor                hereunder; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9.3   | any                security taken by the Guarantor from the Vendor in consideration                of this                guarantee and indemnity together with any moneys received by the                Guarantor                by proving in respect of any claim by the Guarantor in the insolvency                or                liquidation of the Vendor, shall be held in trust absolutely for                the                benefit of the Purchaser for the obligations of the Guarantor                hereunder. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.10   | The                Guarantor agrees, acknowledges and declares                that: |
|-------------------|-------------------------------------------------------------------------------------|

| 10.10.1   | if                any payment received by the Purchaser in respect of moneys due or                owing to                the Purchaser from the Vendor shall, on the subsequent insolvency                or                liquidation of the Vendor be avoided under any laws relating to insolvency                or liquidation and the amount thereof repaid by the Purchaser, such                payment shall not be considered as discharging or diminishing the                liability of the Guarantor and this clause 10 shall continue to apply                as                if such payment had at all times remained owing by the Vendor to                the                Purchaser and the Guarantor shall indemnify the Purchaser in respect                thereof; |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.10.2   | after                demand has been made by the Purchaser hereunder and until the amount                so                demanded has been paid in full: |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A)   | the                Purchaser may take such action as it shall in its own discretion                consider                appropriate against the Vendor or otherwise to recover all sums due                and                payable to it under this Agreement, the Guarantor however remains                liable                under this clause 10 for performance of the Guaranteed                Obligations; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | for                the purpose of enabling the Purchaser to sue the Vendor or to prove                in its                liquidation or in any similar proceedings for any moneys due and                unpaid by                the Vendor to the Purchaser, the Purchaser may at any time place                and keep                for such time as it may think fit any moneys received hereunder to                the                credit of a securities realised account without any obligation on                the part                of the Purchaser to apply the same or any part thereof in or towards                the                discharge of the debts and liabilities of the Vendor to the Purchaser.                Upon the Purchaser having received all moneys owing or due and payable                or                to become owing or due and payable by the Guarantor and the Vendor                to the                Purchaser under this Agreement any moneys thereafter standing to                the                credit of such securities realised account shall be released to the                Guarantor. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.11   | All                payments under the guarantee and indemnity contained in clauses 10.1                to                10.10 above shall be made without any set-off, counterclaim or equity                and                free from, clear of and without deduction for any Tax whatsoever,                present                or future. If the Guarantor is compelled by the law of any applicable                jurisdiction (or by an order of any regulatory authority in such                jurisdiction) to withhold or deduct at source any sums in respect                of Tax,                duties, levies, imposts or charges from any amount payable to the                Purchaser under the said guarantee and indemnity, or if any such                withholding or deduction is made in respect of any recovery under                the said                guarantee and indemnity, the Guarantor shall pay such additional                amount as                may be necessary to ensure that the amount received by the Purchaser                shall                equal the full amount due to it under the provisions of the said                guarantee                and indemnity and will supply the Purchaser promptly, with evidence                satisfactory to the Purchaser, that the Guarantor has accounted to                the                relevant authority for the sum withheld or                deducted. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.12   | Any                certificate provided by the Purchaser of the amount due to the Purchaser                under this clause 10 shall be final, binding and conclusive as against                the                Vendor save for any manifest error. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **11.  ** | **GENERAL** |
|---------------------|-------------|

| 11.1   | The                Vendor shall use its reasonable endeavours to procure that as from                the                date of this Agreement the Purchaser (and any person authorised by                it)                shall be entitled to conduct such enquiries, investigations and due                diligence reviews of the business, affairs, operations and financial                position of the Group as the Purchaser in its absolute discretion                deems                necessary, desirable or appropriate and the Vendor shall use its                reasonable endeavours to, subject to Clause 11.2 hereof and the Purchaser                executing a confidentiality undertaking in favour of the Company                (if                required by the Company) on substantially the same terms set out                in Clause                11.2, procure that the Purchaser and any persons authorised by it                shall on                giving reasonable prior notice and during normal office hours be                given                full access to the employees, premises, plant, machinery, books of                account, records and documents of the Company and each of its subsidiaries                as the Purchaser may reasonably                request.. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2   | Each                party (including their representatives and authorised persons) shall,                and                shall use their reasonable endeavours to procure the Company that                it                shall, at all times keep confidential and not directly or indirectly                make                or allow any disclosure or use to be made of any information in its                possession or otherwise obtained pursuant to this Agreement relating                to                any other party, the Company and each of its Subsidiaries or to the                existence or subject matter of this Agreement,                except: |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2.1   | to                the extent required by law or any regulatory                body; |
|--------------------|-------------------------------------------------------------------------------------|

| 11.2.2   | where                the information is already disclosed in the public domain otherwise                than                pursuant to or arising from a breach by the parties (including their                representatives and authorised persons) of its confidentiality undertaking                under this Clause; or |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2.3   | with                the consent of the other party (which consent shall not be unreasonably                withheld). |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|

| 11.3   | The                parties agree that (and the Vendor will use all reasonable endeavours                to                procure that the Company will ensure that) any announcement or circular                required to be disclosed or issued by law or any regulatory body                (including the SFC and the Stock Exchange) concerning the subject                matter                of this Agreement, the Options and the HC Construction Option shall                only                be made or issued after consultation with the other parties and after                taking into account the reasonable requirements of the other parties                as to                the contents of such announcement or                circular. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.4   | No                party may assign (whether absolutely or by way of security and whether                in                whole or in part), transfer, mortgage, charge or otherwise dispose                in any                manner whatsoever of the benefit of this Agreement and no party may                sub                contract or delegate in any manner whatsoever its performance under                this                Agreement except with the prior written consent of the other                parties. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.5   | In                the event of an assignment pursuant to clause 11.4, the original                contracting party remains liable to procure the performance of the                obligations under the agreement by the                assignee. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.6   | Each                of the parties confirms that this Agreement together with the documents                in                the agreed form, represents the entire understanding, and constitutes                the                whole agreement, in relation to its subject matter and supersedes                any                previous agreement between the parties with respect thereto and,                without                prejudice to the generality of the foregoing, excludes any warranty,                condition or other undertaking implied at law or by                custom. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.7   | If                any provision or part of this Agreement is void or unenforceable                due to                any applicable law, it shall be deemed to be deleted and the remaining                provisions of this Agreement shall continue in full force and                effect. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.8   | So                far as it remains to be performed this Agreement shall continue in                full                force and effect after Completion. The rights and remedies of the                parties                shall not be affected by                Completion. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.9   | The                Vendor shall after Completion execute all such deeds and documents                and do                all such things as the Purchaser may reasonably require for perfecting                the                transactions intended to be effected under or pursuant to this Agreement                and for giving the Purchaser the full benefit of the provisions of                this                Agreement, including vesting in the Purchaser the legal and beneficial                title to the Sale Shares. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.10   | Any                payments made by or due from the Vendor or the Guarantor under, or                pursuant to the terms of, this Agreement shall be free and clear                of all                Taxation whatsoever save only for any deductions or withholdings                required                by law. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.11   | If                any deductions or withholdings are required by law, or any payments                made                by or due from the Vendor under this Agreement are liable for Taxation                or                would have been liable for Taxation but for the utilisation of any                Tax                relief in respect of such liability, the Vendor shall be liable to                pay to                the Purchaser such further sums as shall be required to ensure that                the                net amount received by the Purchaser will equal the full amount which                would have been received under the relevant provision of this Agreement                in                the absence of any such deductions withholdings or Taxation                liabilities. |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.12   | The                rights and remedies of the parties shall not be affected by the giving                of                any indulgence by any other party or by anything whatsoever except                a                specific waiver or release in writing and any such waiver or release                shall                not prejudice or affect any other rights or remedies of the                Parties. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.13   | This                Agreement may be executed in any number of counterparts and by the                parties                to it on separate counterparts, each of which when executed and delivered                shall be an original but all the counterparts together constitute                one                instrument. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.14   | No                variation of this Agreement (or any of the documents referred to                in it)                shall be valid unless it is in writing (which, for this purpose,                does not                include e mail) and signed by or on behalf of each of the Parties                to this                Agreement. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.15   | Every                payment payable by the Vendor and the Guarantor under this Agreement                shall                be made in full without any set off or counterclaim howsoever arising                and                shall be free and clear of, and without deduction of, or withholding                for                or on account of, any amount which is due and payable to the Vendor                or the                Guarantor under this Agreement. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.16   | The                parties shall pay their own costs in connection with the preparation                and                negotiation of this Agreement and any matter contemplated by it (including                but not limited to their respective stamp duty, SFC transaction levy                and                Stock Exchange trading fee). |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.17   | No                delay or failure by a party to exercise or enforce (in whole or in                part)                any right provided by this Agreement or by law shall operate as a                release                or waiver, or in any way limit that party’s ability to further exercise or                enforce that, or any other, right. A waiver of any breach of any                provision                of this Agreement shall not be effective, or implied, unless that                waiver                is in writing and is signed by the party against whom that waiver                is                claimed. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.18   | The                parties acknowledge and agree that in the event of a default by any                party                in the performance of their respective obligations under this Agreement,                the non-defaulting parties shall have the right to obtain specific                performance of the defaulting party’s obligations. Such remedy to be in                addition to any other remedies provided under this Agreement or at                law. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **12.  ** | **NOTICES** |
|---------------------|-------------|

| 12.1   | A                notice (including any approval, consent or other communication) in                connection with this Agreement and the documents referred to in                it: |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.1.1   | must                be in writing; |
|--------------------|------------------------------------|

| 12.1.2   | must                be left at the address of the addressee or sent by pre paid first                class                post (airmail if posted to or from a place outside Hong Kong) to                the                address of the addressee or sent by facsimile to the facsimile number                of                the addressee in each case which is specified in this clause in relation                to the party to whom the notice is addressed, and marked for the                attention                of the person so specified, or to such other address or facsimile                number                in Hong Kong and/or marked for the attention of such other person,                as the                relevant party may from time to time specify by notice given in accordance                with this clause. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Vendor**  |                                                                                         |
|------------------|----------------------------------------------------------------------------------------------|
| Address:         | 10/F,                Effectual Building, 16 Hennessy Road, Wanchai, Hong                Kong |
| Facsimile:       | (852)                2529 1619                                                               |
| Attention:       | Simon                Ho                                                                      |

----

| **Guarantor**  |                                                                                                     |
|---------------------|----------------------------------------------------------------------------------------------------------|
| Address:            | Room                616, Tower A, COFCO Plaza, 8 Jianguomennei Dajie, Beijing 100005,                PRC |
| Facsimile:          | (8610)                6526 0700                                                                          |
| Attention:          | Li                Jianguang                                                                              |
|                |                                                                                                     |
| **Purchaser**  |                                                                                                     |
| Address:            | c/o                22/F Vita Tower, 29 Wong Chuk Hang Road, Aberdeen, Hong                Kong           |
| Facsimile:          | (852)                2552 5925                                                                           |
| Attention:          | Legal                Department                                                                          |
|                |                                                                                                     |
|                |                                                                                                     |

| 12.1.3   | for                the avoidance of doubt, must not be sent by electronic                mail. |
|--------------------|------------------------------------------------------------------------------------------------|

| 12.2   | In                the absence of evidence of earlier receipt, any notice shall take                effect                from the time that it is deemed to be received in accordance with                clause                12.3 below. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3   | Subject                to clause 12.4 below, a notice is deemed to be                received: |
|------------------|------------------------------------------------------------------------------------------------|

| 12.3.1   | in                the case of a notice left at the address of the addressee, upon delivery                at that address; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| 12.3.2   | in                the case of a posted letter, on the third day after posting or, if                posted                to or from a place outside Hong Kong, the seventh day after posting;                and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3.3   | in                the case of a facsimile, on production of a transmission report from                the                machine from which the facsimile was sent which indicates that the                facsimile was sent in its entirety to the facsimile number of the                recipient. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.4   | A                notice received or deemed to be received in accordance with clause                12.3                above on a day which is not a Business Day or after 5 p.m. on any                Business                Day, according to local time in the place of receipt, shall be deemed                to                be received on the next following Business                Day. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.5   | Each                party undertakes to notify the other parties by notice served in                accordance with this clause if the address specified herein is no                longer                an appropriate address for the service of                notices. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **13.  ** | **GOVERNING                LAW** |
|---------------------|----------------------------------|

| 13.1   | This                Agreement shall be governed by, and construed in accordance with,                Hong                Kong law. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------|

----

| 13.2   | Each                party irrevocably agrees for the benefit of the Purchaser that the                Courts                of Hong Kong shall have non-exclusive jurisdiction in relation to                any                claim, dispute or difference concerning this Agreement and any matter                arising therefrom. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3   | Each                party irrevocably waives any right that it may have to object to                an action                being brought in those Courts, to claim that the action has been                brought                in an inconvenient forum, or to claim that those Courts do not have                jurisdiction. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.4   | The                submission to the jurisdiction of the Courts of Hong Kong shall not                (and                shall not be construed so as to) limit the right of the Purchaser                to bring                legal proceedings in any other court of competent jurisdiction including                without limitation the courts having jurisdiction by reason of the                Purchaser’s domicile. Legal proceedings by the Purchaser in any one or                more jurisdictions shall not preclude legal proceedings by it in                any other                jurisdiction, whether by way of substantive action, ancillary relief,                enforcement or otherwise. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.5   | The                Purchaser hereby appoints Publishers Representatives Limited, with                correspondence address at 22nd Floor, Vita Tower, 29 Wong Chuk Hang                Road,                Aberdeen, Hong Kong (Attention: Legal Department), as its agent to                accept                service of legal process on its behalf. The Purchaser irrevocably                agrees                that if its process agent ceases to have an address in Hong Kong                or ceases                to act as its process agent, it shall appoint a new process agent                acceptable to the other Parties and will deliver to the other parties                to                this Agreement within 14 days a copy of written acceptance of appointment                by the new process agent. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.6   | The                Vendor and the Guarantor hereby irrevocably appoint Simon Ho of IDGVC                Partners at 10/F., Effectual Building, 16 Hennessy Road, Wanchai,                Hong                Kong as their agent to accept service of legal process on their behalf.                The Vendor and the Guarantor irrevocably agree that if their process                agent                ceases to have an address in Hong Kong or ceases to act as their                process                agent, they shall appoint a new process agent acceptable to the other                Parties and will deliver to each of the other parties to this Agreement                within 14 days a copy of written acceptance of appointment by the                new                process agent. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.7   | Subject                to clauses 13.5 and 13.6, each party agrees that without preventing                any                other mode of service, any document in an action (including, but                not                limited to, any writ of summons or other originating process or any                third                or other party notice) may be served on any party by being delivered                to or                left for that party at its address for service of notices under clause                12                and each party undertakes to maintain such an address at all times                in Hong                Kong and to notify the other party in advance of any change from                time to                time of the details of such address in accordance with the manner                prescribed for service of notices under clause                12. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IN      WITNESS**

----

**EXECUTION      PAGE**

| SIGNED                for and on behalf of | ) |
|--------------------------------------------|---|
| IDG                TECHNOLOGY              | ) |
| VENTURE                INVESTMENT, INC.    | ) |
| in                the presence of:         | ) |

| SIGNED                for and on behalf of | ) |
|--------------------------------------------|---|
| TRADE                MEDIA HOLDINGS        | ) |
| LIMITED                                    | ) |
| in                the presence of:         | ) |

| SIGNED                for and on behalf of | ) |
|--------------------------------------------|---|
| INTERNATIONAL                DATA          | ) |
| GROUP,                INC.                 | ) |
| in                the presence of:         | ) |