Exhibit
4.11


 


Business Operation Agreement, dated as of November 16, 2017 between PDN (China) International Culture Development Co., Ltd.
and Jiangxi PDN Culture & Media Co., Ltd.


 


Party
A: PDN(China)International Culture Development Co., Ltd.


Add:Rm.1709/1710,
Zhukong INT Center, Huaqiang Rd, Tianhe District, GZ City,Guangdong Province,China


 


Party
B: Jiangxi PDN Culture Media Co.,Ltd.


Add:Rm607,609,No.29
Jingda Yangguang City,Qingyuan District,Ji’an City,Jiangxi Province,China


 


Party
C:(Hereinafter referred to collectively as Party C)


 


	Share-
    holder	 	Name	 	Nationality	 	PRC
    ID Card No.	 	Address
	 	 	 	 	 	 	 	 	 
	1	 	Wang

                                                                             Maoji
	 	 China	 	362421197203236814	 	Rm.603,BLDG
    5,Xijingshu East Alley,Xueqing Road,Haiding District,Beijing City
	 	 	 	 	 	 	 	 	 
	2	 	 Wu
    Anyong	 	 China	 	362421196805080031	 	No.8,Jizhou
    Road,Dunhou Town,Ji’an County,Ji’an City,Jiangxi Province





 


Whereas:


 


Party
A is an exclusively foreign-owned enterprise duly organized and existing under and by virtue of the laws of China;


 


Party
B is a limited liability company duly organized and existing under and by virtue of the laws of China;


 


Party
C,the shareholder of Party B(hereinafter referred to as the shareholder),totally hold 100% equity interest of Party B. The specific
ownership of each shareholder is as follows:


 


Wang
Maoji holds 90% ;


 


Wu
Anyong holds 10% .


 


The
following Agreement is agreed on the basis of equality and mutual benefit through friendly consultations by the parties hereto
to strengthen the operation and management of Party B and to achieve the win-win cooperation of all parties hereto.


 


	1.	General
    principles


 


1.1Party
B pays Party A various funds payable, Party B and Party C hereby irrevocably agree and acknowledge that Party A is entitled to
overall guidance and supervision on and management to all of Party B’s production and operating activities, assets and liabilities
(including but not limited to cash and intangible assets). The overall operation risk of Party B shall be completely undertaken
by Party A on the premise of no violation to the terms and conditions hereof by Party B and Party C(in order to avoid any misunderstandings,
the expression”the operation risk shall be completely undertaken by Party A” refers merely to the risk that Party
A is unable to charge for services pursuant to the Agreement and other Agreements signed by parties due to the poor management
with no revenue of Party B. Party A may not undertake any legal responsibilities of any debts,liabilities or other obligations
and risks caused by Party B,unless such risks resulting from Party A’s intentional act or other material negligence. )


 


1.2All
operating revenues generated from Party B(All revenues=total revenue operating of Party B - total operating cost and expense of
Party B - various taxes) shall be owned by Party A. 50% of the revenue may be paid to Party A as service fee under the convention
of <Agreement on Exclusive Technical Support, Consultation and Services>;Additional 50% of revenue shall be invested in
foreign investment or engaged in other operating activities under the indication of Party A,the revenue and risk resulting from
which shall be actually owned and born by Party A.Provided that the adjusting proportion made as aforesaid, Party A shall notify
Party B in writing.Both parties shall execute according to the adjusted proportion.Unless otherwise stipulated in governmental
regulations in use,the subsidies granted by government to Party B shall be deemed as operating revenue of Party B.


 


	2.	Obligation
    of Omission


 


Party
B and Party C hereby acknowledge and agree that Party B shall not ,in any any other way,conduct any transaction which may have
material effect on Party B’s assets, business, financial affairs,personnel, obligations and rights,business mode,business
activities,management mode and management activities on the Company’s business, unless otherwise agreed by Party A or any
other party designated by Party A in writing. Such transactions shall include but not be limited to the following:


 






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	 	2.1	To
    conduct any activity out of the normal business scope of Party B,or do business by a method different from the usual and common
    methods in the past;
	 	 	 
	 	2.2	to
    borrow money from any third party or undertake any debt,or sign any agreement,arrangement,commitment or memorandum on such
    loan and debt;
	 	 	 
	 	2.3	To
    change or dismiss any director of Party B,or replace any senior management person of Party B;
	 	 	 
	 	2.4	to
    sell,rent,lend,transfer,assign,grant,rehypothecate,deposit,invest in abroad and replace to any third party,or dispose of by
    other means any assets with an amount of more than RMB 100,000 or any right of Party B, including but not limited to any intellectual
    property right;
	 	 	 
	 	2.5	to
    provide security for any third party with Party B’s assets or intellectual property rights or with any other form of
    security, or establish any other right or obligation on Party B’s assets;
	 	 	 
	 	2.6	to
    take any action that should be approved by a shareholders’ meeting or the board of directors according to the valid
    provisions of Party B’s articles of association; including but not limited to increase or reduce the registered capital,modify
    the articles of association,change the business scope or major businesses of Party B or make liquidation or dissolution of
    Party B etc.
	 	 	 
	 	2.7	to
    change Party B’s normal business process or revise any major internal rules and regulations of Party B;
	 	 	 
	 

                             
	2.8	to
    transfer its rights and obligations hereunder to any third party;
	 	 	 
	 	2.9	to
    transfer its Party B’s equity to any third party or change Party B’s share structure in any other form;
	 	 	 
	 	2.10	to
    make significant adjustment of its business mode, marketing strategy, business policy or customer relationship of Party B;
	 	 	 
	 	2.11	to
    distribute bonuses and dividends or any other interests by any means; and



 






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	 	2.12	to
    make any capital expenditure (except the capital expenditure generated from Party B’s normal business process).
	 	 	 
	 	2.13	Signing
    any agreement,document or arrangement relating to business operation of Party B under abnormal operation conditions
	 	 	 
	 	2.14	to
    sign,change any partnership or joint-investment arrangement,or approve merger,combination,division,change of corporate form
    or dissolution made by and between Party B and any third party,or purchase all or part of the equity or share of any third
    party or invest in any third party;
	 	 	 
	 	2.15	to
    sign,change or terminate any material contract made by Party B,or to sign any other contract in conflict with the current
    material contract;
	 	 	 
	 	2.16	to
    take any act that may result in termination,bankruptcy,liquidation,dissolution to Party B or cause Party B to be closed.


 





	3.	Operation
    Management and Personnel Arrangement


 


	 	3.1	Party
    B and Party C hereby agree to accept and strictly implement the suggestions on various aspects given by Party A from time
    to time,including employee appointment and dismissal,daily business management and financial management regulations of Party
    B.
	 	 	 
	 	3.2	 Party
    B and Party C hereby agree that Party C shall elect the personnel designated by Party A as the directors of Party B according
    to the proceedings prescribed by laws and regulations and stipulated by Party B’s articles of association;Party C shall
    urge such directors to elect the person recommended by Party A as Party B’s chairman (or executive director)and urge
    the board of director (or executive director) to appoint the personnel designated by Party A as Party B’s general manager,
    chief financial officer and other senior management personnel.The legal representative of Party B shall be the person appointed
    by Party A.
	 	 	 
	 	3.3	If
    one of the aforesaid directors or senior management personnel designated by Party A leaves Party A, either voluntarily or
    dismissed by Party A, he/she shall lose the qualification for holding any position in Party B. In this case, Party C shall
    immediately urge Party B to dismiss the said person’s position in Party B and immediately elect and appoint another
    person designated by Party A for holding this position.



 






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	 	3.4	For
    the purpose of Paragraph 3.2 and 3.3,Party C shall,in accordance with laws,Party B’s articles of association and this
    Agreement ,take all necessary internal and external procedures of Party B to complete the said dismissal and appointment procedures.
	 	 	 
	 	3.5	Party
    C hereby jointly and individually agrees that,when signing this Agreement,Party C shall irrevocably authorize the personnel
    designated by Party A to exercise shareholders’ rights according to the letter of authorization with the contents specified
    in Appendix 1 herein, and Party C and/or the person designated by Party A shall exercise Party C’s shareholder voting
    rights in the name of Party C at the shareholders’ meetings of Party B.Party C further agrees that Party C shall replace
    the authorized personnel indicated in the aforesaid letter of authorization at any time requested by Party A.


 


	4.	Custody
    of Official Seals, Licenses and Financial Documents, and other Provisions


 


	 	4.1	All
    Parties hereby agree that Party B’s official seals,licenses and financial documents shall be kept by Party B.
	 	 	 
	 	 	For
    the purpose of this paragraph, the meanings of the following provisions are as follows: Party B’s common seals include
    Party B’s company seal, special seal for contract uses,special seal for finance uses, the seal of legal representatives
    and the special seal for invoice uses etc. Party B’s licenses shall include but not be limited to(if any): business
    license,tax registration certificate, statistics registration certificate, social insurance registration certificate, bank
    account opening license, SMS service access code use certificate, value-added telecommunication service license, network cultural
    operation license, and any and all approvals, replies, permits, licenses, certificates and government documents required for
    legitimate existing and operation of Party B.
	 	 	 
	 	 	Party
    B’s financial documents shall include but not be limited to: original financial documents, monthly/quarterly/half-year/annual
    financial reports, annual audit reports, and all the vouchers, statements and reports related to Party B’s finance.
	 	 	 
	 	4.2	If
    any agreement between Party A and Party B is terminated or expires, Party A shall have the right to decide whether to terminate
    all the agreements between Party A and Party B.


 






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	5.	Entire
    Agreement and Amendments to This Agreement


 


	 	5.1	This
    Agreement and all agreements and/or documents mentioned or implied herein shall constitute an entire agreement amongst the
    Parties hereto concerning the subject matter of this Agreement and shall replace all the oral and written agreements, contracts,
    understanding and communications previously entered into amongst the Parties hereto concerning the subject matter of this
    Agreement.
	 	 	 
	 	5.2	Any
    amendment to this Agreement shall become effective when a written agreement is signed amongst the Parties hereto. The amendment
    agreement and supplementary agreement to this Agreement appropriately signed by the Parties hereto shall be deemed as an integral
    part of this Agreement and shall have the same equal legal force as this Agreement.


 


	6.	Governing
    Laws


 


The
conclusion, validity, execution, interpretation and dispute resolution of this Agreement shall be governed and interpreted by
laws in China.


 


	7.	Dispute
    Settlement


 


	 	7.1	If
    there is any dispute about the interpretation and performance of relevant clauses hereunder, the Parties hereto shall settle
    the dispute in good faith through consultation. Where consultation fails, any party may submit the dispute to China International
    Economic and Trade Arbitration Commission for arbitration according to the arbitration rules of the Commission then in effect.
    Arbitration shall be made in Beijing and in Chinese. The award of the arbitration shall be final and binding upon the Parties
    hereto.
	 	 	 
	 	7.2	The
    Parties hereto shall continuously perform their respective obligations specified herein on the principle of good faith, except
    the matter under dispute.


 






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	8.	Notice


 





	 	Unless
    otherwise provided herein, all notices or other letters given by one party hereto for performing the rights and obligations
    hereunder shall be made in writing and shall be sent by personal delivery, registered mail, postage-prepaid mail, express
    delivery services,email or fax etc. accepted to the following address of one party or the Parties hereto.The date of service
    of notice shall be confirmed in the form as following:(1) the notice delivered by the specialist in person shall be deemed
    as effective service the same day;(2)the notice delivered by express shall be deemed as effective service the third(3)day
    after it has been sent by the qualified express companies;(3)the notice delivered by registered mail shall be deemed as effective
    service the third(3) day after the issuance of the receipt made by the post office;(4)the notice delivered by email or fax
    shall be deemed as effective service the first(1) day upon the delivery was made. Provided that any party shall notice to
    other parties in writing when changing address within the validity period herein.
	 	 
	 	Party
    A: PDN(China)International Culture Development Co., Ltd.
	 	Add:Rm.170/1710,No.1,Huaqiang
    Rd, Tianhe District,GZ City, Guangdong Province,China
	 	Party
    B: Jiangxi PDN Culture Media Co., Ltd.
	 	Add:Rm607,609,No.29
    Jingda Yangguang City,Qingyuan District,Ji’an City,Jiangxi Province
	 	 
	 	Party
    C:
	 	 
	 	Wang
    Maoji
	 	Add:Rm603,5/F,Jingshu
    East Alley,Xueqing Rd West,Haidian District,Beijing City
	 	 
	 	Wu
    Anyong
	 	Add:Rm607,609,No.29
    Jingda Yangguang City,Qingyuan District,Ji’an City,Jiangxi Province



 


	9.	Effectiveness
    and Term of This Agreement, and Miscellaneous


 


	 	9.1	Decisions
    which require Party A’s written consent, opinions and designations and others which have important influence on Party
    B’s daily business shall be made by the board of directors of Party A.
	 	 	 
	 	9.2	This
    agreement is executed in Chinese in quadruplicate, each for one Party(Party C shall each hold one copy).This Agreement
    is signed and becomes effective on the date first above written.



 






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	 	9.3	During
    the valid term of this Agreement, Party B and Party C shall not terminate this Agreement in advance. Party A is entitled to
    terminate this Agreement at any time following the service of a written notice to Party B and Party C thirty days in advance.
	 	 	 
	 	9.4	The
    Parties hereby confirm that this Agreement is a fair and reasonable agreement concluded amongst the Parties hereto on the
    basis of equality and mutual benefits. If any clause and stipulation of this Agreement is deemed invalid or unenforceable
    pursuant to applicable laws, such clause shall be deemed to be deleted from this Agreement and become invalid, but the other
    clauses shall remain in force and this Agreement shall be deemed without this clause at the very beginning. The deleted clause
    shall be replaced with a legitimate and valid clause acceptable by the Parties hereto through consultation amongst the Parties
    hereto.
	 	 	 
	 	9.5	Any
    party which fails to exercise any right, power or privilege hereunder shall not be deemed as a waiver of such right, power
    or privilege. Single exercising or partially exercising of any right, power or privilege hereunder shall not be deemed as
    exercising of any other right, power or privilege.


 


IN
WITNESS WHEREOF, the authorized representatives of the Parties hereto execute this Agreement on the date first above written.


 


Party
A:(Seal):PDN(China)International Culture Development Co., Ltd.


 


	Authorized
    Representative:	 	 






 


Party
B:Jiangxi PDN Culture Media Co.,Limited


(Seal)


 






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	Authorized
    Representative:	 	 


 


Party
C:


 


	Wang
    Maoji	 	               Wu
    Anyong
	 	 	 
		 	


 


 






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Appendix
1: Power of Attorney


 


Power
of Attorney


 


Wang
Maoji,a shareholder of Jiangxi PDN Culture Media Co.,Ltd.(hereinafter referred to as the “Company”),holds totally
90% equity interest of the Company. I hereby agree to authorize the shareholder’s rights corresponding to 90% equity of
the Company that I hold to the PDN(China)International Culture Development Co.,Ltd.(hereinafter referred to as the “authorized
person”).I hereby irrevocable authorize the authorized person to exercise the following rights within the valid period of
this Letter of Authorization:


 


In
accordance with laws and the Company’s articles of association, the authorized person shall, as my full representative and
in the name of mine, exercise all the shareholder’s rights that I have as a shareholder holding 90% equity interest of the
Company, including but not limited to: to propose the convening of a shareholders’ meeting; to accept any notice on the
convening and standing orders of a shareholders’ meeting; to attend a shareholders’ meeting of the Company and exercise
all the voting rights as a shareholder holding 46.67% equity interest of the Company (including to act as my authorized representative
at a shareholders’ meeting of the Company to designate and appoint the director, supervisor,general manager, chief financial
officer and other senior management personnel of the Company, and make a decision on bonus division and so on); to transfer or,in
other means, handle my 90% equity interest held in the Company,be entitled to have all shareholder’s rights and interests
etc. to participate in the Company’s major decision under the applicable lase,rules and articles of association.


 






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The
authorized person shall have the right to designate a person appointed by its board of directors (or executive director) to exercise
the rights authorized under this Letter of Authorization.


 


This
Letter of Authorization shall be valid from the date of signature of this Letter of Authorization to the date when I have completed
the transfer of my 90% equity interest held in the Company to the [the authorized person] in accordance with the Exclusive Option
Agreement and have completed the change of industrial and commercial registration for this equity transfer.


 





	Authorized
    by:Wang Maoji	 	Authorized
    person:PDN(China)International Culture Development Co.,Ltd.
	 	 	 
	 	 	 
	 	 	 
	Date:
    November/16th/2017	 	Date:November/16th/2017



 






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Power
of Attorney


 


Wu
Anyong,a shareholder of Jiangxi PDN Culture Media Co.,Ltd.(hereinafter referred to as the “Company”),holds totally
10% equity interest of the Company. I hereby agree to authorize the shareholder’s rights corresponding to 10% equity of
the Company that I hold to the PDN(China)International Culture Development Co.,Ltd.(hereinafter referred to as the “authorized
person”).I hereby irrevocable authorize the authorized person to exercise the following rights within the valid period of
this Letter of Authorization:


 


In
accordance with laws and the Company’s articles of association, the authorized person shall, as my full representative and
in the name of mine, exercise all the shareholder’s rights that I have as a shareholder holding 10% equity interest of the
Company, including but not limited to: to propose the convening of a shareholders’ meeting; to accept any notice on the
convening and standing orders of a shareholders’ meeting; to attend a shareholders’ meeting of the Company and exercise
all the voting rights as a shareholder holding 10% equity interest of the Company (including to act as my authorized representative
at a shareholders’ meeting of the Company to designate and appoint the director, supervisor,general manager, chief financial
officer and other senior management personnel of the Company, and make a decision on bonus division and so on); to transfer or,in
other means, handle my 10% equity interest held in the Company,be entitled to have all shareholder’s rights and interests
etc. to participate in the Company’s major decision under the applicable lase,rules and articles of association.


 


The
authorized person shall have the right to designate a person appointed by its board of directors (or executive director) to exercise
the rights authorized under this Letter of Authorization.


 


This
Letter of Authorization shall be valid from the date of signature of this Letter of Authorization to the date when I have completed
the transfer of my 10% equity interest held in the Company to the [the authorized person] in accordance with the Exclusive Option
Agreement and have completed the change of industrial and commercial registration for this equity transfer.


 





	Authorized
    by:Wu Anyong	 	Authorized
    person:PDN(China)International Culture Development Co.,Ltd.
	 	 	 
	 	 	 
	 	 	 
	Date:
    November/16th/2017	 	Date:November/16th/2017


 






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