EX-4.17






Exhibit 4.17




THIS DEED OF PARTIAL RELEASE is made on September 14, 2009




BY:





	(1)	 	CICC Sun Company Limited, a company incorporated under the laws of the British Virgin Islands
(“CICC”);
	 
	(2)	 	Carlyle Asia Growth Partners III, L.P., a limited partnership formed under the laws of the
Cayman Islands (“CAGP”);
	 
	(3)	 	CAGP III Co-Investment, L.P., a limited partnership formed under the laws of the Cayman
Islands (“CAGP Co-Invest”, together with CAGP, “Carlyle”);
	 
	(4)	 	Starr Investments Cayman II, Inc., a company incorporated under the laws of the Cayman
Islands (“Starr”, together with CICC and Carlyle, the “Chargees”);





IN FAVOUR OF:





	(5)	 	CZY Investments Limited, a company incorporated under the laws of the British Virgin Islands
(the “Chargor”).





WHEREAS





	(A)	 	By a share charged dated 10 November, 2008 (the “Share Charge”) executed by the Chargor in
favour of the Chargees, 43,895 shares of Concord Medical Services Holdings Limited (the
“Company”) held by the Chargor was charged by the Chargor to the Chargees jointly by way of a
first fixed charge to secure the obligations of the Chargor under Article 3 of the Share
Subscription Agreement (as defined in the Share Charge).
	 
	(B)	 	At the request of the Chargor, the Chargees have agreed to release 4,017 shares of the
Company charged by the Chargor from the security created under the Share Charge upon the terms
and conditions of this Deed and provided that Notable Enterprise Limited (“Notable”) charges
an additional 4,017 shares of the Company held by Notable to the Chargees jointly by entering
into a deed of amendment to amend and supplement a share charge dated 10 November, 2008
executed by Notable in favour of the Chargees.





THIS DEED OF PARTIAL RELEASE WITNESSES as follows:





	1.	 	In this Deed, capitalised words and phrases which are not expressly defined herein have the
meanings ascribed to them in the Share Charge.
	 
	2.	 	The Chargees jointly without recourse, representation or warranty of title, release 4,017
shares of the Company (the “Released Shares”) and such part of the Charged Property
constituted by the Released Shares charged by the Chargor to the Chargees jointly under the
Share Charge from the fixed charges, the floating charges and all other present and future
security interests constituted by and/or created pursuant to the Share Charge.




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	3.	 	The Released Shares and such part of the Charged Property constituted by the Released Shares
shall be held freed and discharged from the security created by, and all claims arising under,
the Share Charge.
	 
	4.	 	The Chargees shall upon execution of this Deed deliver and release to the Chargor such
documents delivered or caused to be delivered by the Chargor to the Chargees pursuant to
clause 4.2 of the Share Charge in respect of the Released Shares and such part of the Charged
Property constituted by the Released Shares, provided that against such release, the Chargor
shall deliver or cause to be delivered to the Chargees the documents required under clause 4.2
of the Share Charge in respect of the remaining Charged Shares and Charged Property.
	 
	5.	 	The parties agree and confirm that save as expressly provided herein, nothing herein
contained shall affect or prejudice the remaining securities assigned or charged under the
Share Charge and all sums of money due and owing by the Chargor to the Chargees under the
Share Subscription Agreement or secured by the Share Charge and all the covenants conditions
and provisions contained in the Share Subscription Agreement and the Share Charge in relation
to the said remaining securities shall remain in full force and effect.
	 
	6.	 	This Deed may be executed in any number of counterparts which, taken together, shall be
deemed to constitute one and the same document.
	 
	7.	 	This Deed shall be governed by, and construed in accordance with, the laws of the Cayman
Islands.




IN WITNESS WHEREOF this Deed of Partial Release has been executed by the Chargor and the Chargees
as a Deed and is intended to be and is hereby delivered on the date specified above.




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	EXECUTED as a Deed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	CICC SUN COMPANY LIMITED

	 	 	)	 	 	 
	in the presence of:-

	 	 	)	 	 	 






	 	 	 	 	 
	By:

	 	/s/ Shirley Shiyou Chen
 

	 	 
	 

	 	Name: Shirley Shiyou Chen	 	 
	 

	 	Title:	 	 






	 	 	 	 	 	 	 
	EXECUTED as a Deed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	CARLYLE ASIA GROWTH PARTNERS

	 	 	)	 	 	 
	III, L.P.

	 	 	)	 	 	 
	in the presence of:-

	 	 	)	 	 	 






	 	 	 	 	 
	By: CAGP General Partner, L.P., as its General Partner
	 
	 	 	 	 
	By: CAGP, Ltd., as the General Partner of CAGP General Partner, L.P.
	 
	 	 	 	 
	By:

	 	/s/ Xiao Feng
 

	 	 
	 

	 	Name: Xiao Feng	 	 
	 

	 	Title:	 	 






	 	 	 	 	 	 	 
	EXECUTED as a Deed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	CAGP III Co-Investment L.P.

	 	 	)	 	 	 
	in the presence of:-

	 	 	)	 	 	 






	 	 	 	 	 
	By: CAGP General Partner, L.P., as its General Partner
	 
	 	 	 	 
	By: CAGP, Ltd., as the General Partner of CAGP General Partner, L.P.
	 
	 	 	 	 
	By:

	 	/s/ Xiao Feng
 

	 	 
	 

	 	Name: Xiao Feng	 	 
	 

	 	Title:	 	 






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	EXECUTED as a Deed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	STARR INVESTMENTS CAYMAN II,

	 	 	)	 	 	 
	INC.

	 	 	)	 	 	 
	in the presence of:

	 	 	)	 	 	 






	 	 	 	 	 
	By:

	 	/s/ Michael J. Horvath
 

Name: Michael J. Horvath
	 	 
	 

	 	Title:	 	 






	 	 	 	 	 	 	 
	EXECUTED as a Deed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	CZY INVESTMENTS LIMITED

	 	 	)	 	 	 
	in the presence of:

	 	 	)	 	 	 






	 	 	 	 	 
	By:

	 	/s/ Cheng Zheng
 

	 	 
	 

	 	Name: Cheng Zheng	 	 
	 

	 	Title: Director	 	 
	 
	 	 	 	 
	By:

	 	/s/ Shi Bo Tao
 

	 	 
	 

	 	Name: Shi Bo Tao	 	 
	 

	 	(Witness)	 	 







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