Exhibit 4.118


 





Agreement on Enforcement of Arbitration Award


 


 


Party A: Fortune (Beijing) Huiying Investment Consultation Co.,
Ltd. (“CIC”)


Residence: Room 1136, 10, Xuanwumenwai Street, Xicheng District,
Beijing


Legal representative: Yang Lin


 


 


Party B: Langfang Shengshi Real Estate Development Co., Ltd.


Residence: North of Eastern Section, Langba Road, Hancun Town, Yongqing
County, Langfang


Legal representative: Zhan Jiantao


 


 


Party C: Beijing Bluestone Investment Management Co., Ltd.


Residence: Room 605, Qingyun Dangdai Building, 9, Mantingfangyuan
Community, Qingyun Lane, Haidian District, Beijing


Legal representative: Wang Ling


 


Party D: Wang Ling


Residence: 301, Unit 4, Building 19, Wan Liu Wan Quan Xin Xin Community,
Haidian District, Beijing


ID card number:


 


 


Whereas award Z. G. M. J. C. Zi No. 1130 (the “Award”)
was made on October 23, 2015 with respect to dispute arising out of loan and equity transfer among the said four parties, which
has been submitted to China International Economical and Trade Arbitration Commission. NOW THEREFORE the said four parties (collectively
referred to as “the Parties”) have reached the following agreement with respect to enforcement of the award through
equal negotiations for mutual observance and performance:


 


 


Article 1


The Parties have no objection to the result of the arbitration,
and they all agree that Party A has the following creditor’s rights to Party B, Party C and Party D according to such result:


1. Loan


1.1 Principal: RMB55, 885, 080.65;


1.2 Fund occupation cost: RMB8, 833, 448.22 (from March 10, 2015
to December 10, 2015 at annual interest rate of 21%);


2. Equity transfer price


2.1 Principal: RMB82, 000,000;


2.2 Fund occupation cost: RMB 4, 373, 333.33(from September 21,
2014 to December 31, 2014);


2.3 Fund occupation cost: RMB16, 247, 903.23 (from January 1, 2015
to December 10, 2015 at annual interest rate of 21%);


3 Attorney fee: RMB 500, 000.


4 Arbitration fee: RMB 890.904.7


The Parties acknowledge the said debts are RMB168, 730, 670.13
in total.



     

     


    




Article 2


Party A agrees that all the debts determined in the result of the
arbitration will be discharged by Party B. If Party B could discharge the debts prior to December 10, 2015, Party A agrees to reduces
the debt by RMB13,845,589.48 (including attorney fee of RMB500,000, arbitration cost of RMB890.904.7 and fund occupation cost of
RMB12,454.684.78), that is to say, the total amount payable by Party B is RMB154,885,080.65, and Party B shall remit all the amounts
to the following account of Party A prior to December 10, 2015:


Opening bank: China Construction Bank Beijing Fuxing Branch;


Account name: Fortune (Beijing) Huiying Investment Consultation
Co., Ltd.;


Account number: 11001046500053004058


 


Article 3


If Party B fully repaid the above debt within the agreed time limit,
Party A shall, within 5 working days upon receipt of full repayment, coordinate with Party B in discharging all securities created
for the said debt, and the result of the arbitration shall be deemed as have been enforced without objections by any party.


 


Article 4


In the event that Party B fails to fully repaid the said debts within
the agreed time limit set forth herein, Party A’s undertaking of debt reduction will become invalid immediately, in which
case Party A has the right to initiate award enforcement procedures and has the right of indemnity of all creditor’s rights,
and Party B, Party C and Party D shall bear the relevant legal liabilities according to result of the arbitration.


 


 


Article 5


This agreement represents the consensus reached by the Parties in
order to promote enforcement of the award, and shall not be deemed as replacement or alteration of the arbitration.


 


 


Article 6


This agreement is made in quadruplicate, with each Party holding
one copy. This agreement shall come into force immediately after being signed or affixed with seals by each Party. Each of those
copies shall have the same legal effect.


 


 


(Intentionally left blank below)


 


 


 


 


 


 


 



     

     


    




 


Party A (seal):


Authorized signatory:


Date: December 9, 2015


 


 


Party B (seal):


Authorized signatory:


Date: December 9, 2015


 


 


Party C (seal):


Authorized signatory:


Date: December 9, 2015


 


 


Party D (seal):


Authorized signatory:


Date: December 9, 2015