Exhibit 4.25 


 


English Summary of “Customized Property
Alteration Entrustment Agreement


Vimicro-Xuzhuang Science and Technology Headquarters
Project”


 


This Agreement is entered into by and between
Jiangsu Vimicro Electronics Corporation (“Party A”), Administrative Committee of Nanjing Xuzhuang Software Industry
Base (“Party B”) and Nanjing Meidong Hanwei Technology Co., Ltd.,, Ltd. (“Party C”) on April 10th,
2014. The Parties hereby reach the following terms on related matters of Customized Property:


 


Preconditions of Customized
Property Alteration


 


1. Party C shall meet Party B’s requirements
for being a leading industry and shall perform independent accounting of the relevant enterprise entity within the scope of Party
B’s jurisdiction. Party C shall not, without Party B’s prior consent, at its own accord, change its business scope
after entry into Xuzhuang Software Park (the “Park”). Party C shall comply with all laws and regulations of the People’s
Republic of China as well as all rules and regulations of the Park.


 


2. Party A must provide legal proof of ownership
of land and copy of planning and construction permit, and specify whether the existing land has been mortgaged and complete documents
of relevant buildings.


 


3. Party B must urge Party A to notify Party
C of its process and use of funds in the form of conference or written report, and listen to Party C’s opinions.


 


Content of Customized
Property Alteration


 


4. Basic Information about and Price for Customized
Property:


The Property is located in Building 5, Vimicro-Xuzhuang
Industry Base, 5th R & D Area, Xuzhuang Software Park, Xuanwu District, Nanjing, with the customized price totaling
RMB 62.6755 million.


 


5. Method and Timing of Payment


Within certain time limit of signing of this
Agreement, completion of the underground works, completion of the main structure, final acceptance, delivery, and issuance and
delivery of property ownership certificate, Party C shall pay payment to the account which is jointly supervised and managed by
Party A and Party B by six phases.


 




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6. Delivery Date of the Property: December
2015. If Party A fails to deliver the Property on time in accordance with this Agreement, or Party C fails to pay the agreed payments
on time according to this Agreement, either Party shall pay 0.05% of the total amount payable for each day to compensate the other
Party. For payment of such total amount after thirty days starting from the day on which such payment is late, the performing Party
has the right to terminate this Agreement. For termination of this Agreement due to Party A, Party A shall return Party C’s
payment to Party C within one month upon the termination of this Agreement.


 


7. The Property shall be specially used for
offices, software R&D, system integration, animation design, corporate headquarters and related application services, technical
services and supporting services. This covenant is a major condition of this Agreement and Party C shall not change the usage.


 


Property Delivery


 


8. The Parties shall deliver the Property in
accordance with standards and time of notice agreed in this Agreement. If Party B has no good reasons to refuse to accept the Property,
property delivery shall be deemed to complete upon the date in Party A’s written notice. All risks and relevant expenses
shall be borne by Party C after delivery of the Property.


 


9. Party A shall be responsible for going through
Housing Ownership Certificate and State-owned Land Use Right Certificate for Party C, and Party B shall provide support, Party
A and Party C shall bear their respective expenses in accordance with national regulations. While handing the transfer, if the
property price agreed in this Agreement is lower than the minimum tax price determined by relevant departments of the government,
the corresponding taxes of such balance shall be borne by the Party that shall undertake such taxes.


 


Special Covenants


 


10. Party C shall, within three months after
the signing of this Agreement, change the registered addresses of Party C, and shall complete transformation of tax relations within
one year. Party C shall complete the decorations and put it into use for office within certain time after delivery of the property.
Party C shall enjoy relevant preferential tax policies after entering the Park, special issues shall be otherwise agreed.


 


Restrictions on Property
Transfer


 


11. If Party C has obtained property-related
certificates, Party C can transfer research and development building to a third party meeting the positioning of Xuzhuang Industry
Base and the admission conditions of the same. If the business scope of the Transferee fails to meet positioning of Xuzhuang Industry
Base and the admission conditions of the same, Party B shall be entitled to repurchase such property as negotiated price or evaluated
price. If Party C transfers the Property to a third party without notice to Party B, Party C shall indemnify Party B for its losses.


 




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Liabilities for Breach
of Agreement


 


13. If Party C delays payment for the Property
beyond a certain time limit or causes a fundamental breach of this Agreement, Party C shall pay to Party A 20% of the amount specified
in this Agreement as damages.


 


14. After Party B and Party C perform obligations
in accordance with this Agreement, Party C has the right to terminate this Agreement and requires Party A to pay Party C 20% of
the amount specified in this Agreement as liquidated damages if Party A refuses to and fails to deliver the Property upon Party
B’s reasonable interpellation, or the Property delivered by Party A is identified by nationally recognized agencies to have
structural quality problems that endanger the safety of the Property, or fails to go through relevant ownership certificate beyond
three months after the delivery date.


 


15. If this Agreement cannot be fulfilled due
to force majeure, this Agreement shall automatically be terminated. None of the three parties shall be liable for breach of contract
and shall act according to the terms set out in this Agreement.


 


Miscellaneous


 


16. If there is any conflict that arises out
of the performance of this Agreement, the three Parties shall seek a settlement through friendly negotiations. If they fail to
reach an agreement, any either Party may file a lawsuit in the People’s Court where the Property is located.




 






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