<PAGE>
                                                                    Exhibit 10.7



                                 LOAN AGREEMENT

     The Loan Agreement (the "Agreement") is entered into as of October 27, 2006
between the following two parties:

     (1) ATA Testing Authority (Holdings) Limited (the "Lender"), a limited
liability company established and registered in the British Virgin Islands
("BVI").

     (2) Ma Xiaofeng (the "Borrower")

         PRC ID NUMBER:  110102631021233
         ADDRESS: No.2 Fu Xing Men Wai Street, Beijing, PRC

     Lender and Borrower will each be referred to as a "Party" and collectively
referred to as the "Parties."

     WHEREAS, Borrower, together with other individuals, intends to establish a
limited liability company with the company name of "(CHINESE CHARACTERS)" in
Beijing, People's Republic of China ("PRC") to operating ICP related test
preparation business("ICP Company") and hold 90% of the equity of ICP Company.

     WHEREAS, Borrower wishes to borrow a loan from Lender to finance its
investment in ICP Company and Lender agrees to provide such loan to Borrower.

     NOW THEREFORE, the Parties agree as follows:


1.   LOAN

1.1  Lender agrees to provide a loan to Borrower with the principal amount equal
     to the US Dollar equivalent of RMB 900,000 in accordance with the terms and
     conditions set forth herein (the "Loan"). Term for such loan shall be ten
     (10) years which may be extended upon the agreement of the Parties (the
     "Term"). Notwithstanding the foregoing, in the following circumstances,
     Borrower shall repay the Loan regardless if the Term has expired:

     (1)  Borrower deceases or becomes a person without legal capacity or with
          limited legal capacity;

     (2)  Borrower commits a crime or is involved in a criminal act; or

     (3)  Lender or its designated assignee can legally purchase Borrower's
          interest in ICP Company under the PRC law and Lender chooses to do so.

1.2  Lender shall remit the amount of the Loan to an account designated by
     Borrower within seven (7) days after receiving Borrower's disbursement
     notice in writing, provided that all of the conditions precedent to
     disbursement set forth in Section 2 of this Agreement have been fully
     satisfied. Borrower shall deliver a written confirmation to Lender within
     one (1) day after receiving the amount of the Loan.

<PAGE>

1.3  The Loan shall only be used by Borrower to invest in ICP Company's
     registered capital. Without Lender's prior written consent, Borrower shall
     not use the Loan for any other purpose or transfer or pledge his interest
     in ICP Company to any third party.

1.4  Borrower can only repay the Loan by transferring all of his interest in ICP
     Company to Lender or a third party designated by Lender when such transfer
     is permitted under the PRC law.

1.5  In the event (1) Borrower transfers his interest to the Lender or a third
     party transferee designated by Lender to the extent permitted by applicable
     PRC laws or (2) Borrower receives any dividends from ICP Company, Borrower
     shall pay the full amount of the proceeds it receives from such transfer or
     from such dividends to Lender regardless if the amount of such proceeds
     exceeds or is less than the amount of the Loan.

1.6  Lender and Borrower hereby jointly agree and confirm that Lender has the
     right to, but has no obligation to, purchase or designate a third party
     (legal person or natural person) to purchase all or part of Borrower's
     interest in ICP Company at a price equal to the amount of the Loan (or at
     the lowest price permitted by applicable PRC laws if the foregoing
     determined price is not permitted in accordance with applicable PRC laws)
     when such purchase is allowed under the PRC law. If Lender or the third
     party assignee designated by Lender only purchases part of Borrower's
     interest in ICP Company, the purchase price shall be reduced on a pro rata
     basis.

1.7  In the event when Borrower transfers his interest in ICP Company to Lender
     or a third party transferee designated by Lender, (i) if the amount of (1)
     the actual transfer price paid by Lender or the third party transferee and
     (2) the dividends (if any) received by Borrower from ICP Company equals or
     is less than the principal amount of the Loan, the Loan shall be deemed as
     interest free; or (ii) if the amount of (1) the actual transfer price paid
     by Lender or the third party transferee and (2) the dividends (if any)
     received by Borrower from ICP Company is higher than the principal amount
     of the Loan, to the extent permitted by the applicable PRC laws, the amount
     exceeding the principal amount of the Loan shall be deemed as an interest
     accrued on the Loan and paid by Borrower to Lender in full.


2.   CONDITIONS PRECEDENT TO DISBURSEMENT

     The following conditions must be satisfied before the Loan is disbursed to
     Borrower:

2.1  Subject to the terms of Section 1.2, Lender has received the written
     disbursement notice from Borrower.

2.2  The representation and warranties under Section 3 remain true and correct
     on the day when the disbursement notice is delivered to Lender and on the
     date the Loan is disbursed to Borrower as if such representations and
     warranties are made as of such dates.

2.3  Borrower has not materially breached any terms or conditions hereof.


3.   REPRESENTATION AND WARRANTIES

                                       2

<PAGE>

3.1  Lender hereby represents and warrants to Borrower that:

     (a)  Lender is a company registered and validly existing under the laws of
          BVI;

     (b)  subject to its Memorandum and Articles of Association and other
          organizational documents, Lender has full right, power and all
          necessary approvals and authorizations to execute and perform this
          Agreement;

     (c)  the execution and the performance of this Agreement will not
          contravene any provision of law applicable to Lender or any
          contractual restriction binding on or affecting it; and

     (d)  this Agreement shall constitute the legal, valid and binding
          obligations of Lender, which is enforceable against Lender in
          accordance with its terms upon its execution.

3.2  Borrower hereby represents and warrants to Lender that:

     (a)  Borrower has full right, power and all necessary and appropriate
          approval and authorization to execute and perform this Agreement;

     (b)  the execution and the performance of this Agreement will not
          contravene any provision of law applicable to Borrower or any
          contractual restriction binding on or affecting Borrower;

     (c)  this Agreement shall constitute the legal and valid obligations of
          Borrower, which is enforceable against Borrower in accordance with its
          terms upon its execution; and

     (d)  there are no legal or other proceedings before any court, tribunal or
          other regulatory authority pending or threatened against Borrower.


4.   OBLIGATIONS AFTER DISBURSEMENT

4.1  Upon the establishment of ICP Company, Borrower shall formally execute an
     equity pledge agreement (the "Equity Pledge Agreement") with Lender's
     wholly owned subsidiary as designated by Lender ("ATA (Beijing)"), under
     which Borrower agrees to pledge all his interest in ICP Company to ATA
     (Beijing).

4.2  Upon the establishment of ICP Company, Borrower shall execute and cause ICP
     Company to execute as well a call option and cooperation agreement (the
     "Call Option Agreement") with Lender and/or ATA (Beijing), according to
     which Borrower grants Lender and/or ATA (Beijing) an irrevocable option to
     purchase all of his interest in ICP Company when certain conditions
     provided in the agreement are met.


5.   NOTIFICATIONS

     Notice or other communications under this Agreement shall be delivered
     personally or sent by facsimile transmission or by registered mail to the
     address set forth below, except that such address has been changed in
     writing. The date noted on the return

                                        3

<PAGE>

     receipt of the registered mail is the service date of the notice if the
     notice is sent by registered mail; the sending date is the service date of
     the notice if the notice is sent personally or by facsimile transmission.
     The original of the notice shall be sent personally or by registered mail
     to the following address after the notice is sent by facsimile.

     Lender:     ATA Testing Authority (Holdings) Limited

                 Address: 8th Floor, East Tower
                          6 Gongyuan West Street
                          Jianguomen Nei
                          Beijing 100005, China


     Borrower:   Ma Xiaofeng

                 Address: 8th Floor, East Tower
                          6 Gongyuan West Street
                          Jianguomen Nei
                          Beijing 100005, China


6.   CONFIDENTIALITY

     The Parties acknowledge and confirm that any oral or written materials
     concerning this Agreement exchanged between them are confidential
     information. The Parties shall protect and maintain the confidentiality of
     all such confidential data and information and shall not disclose to any
     third party without the other party's written consent, except (a) the data
     or information that was in the public domain or later becomes published or
     generally known to the public, provided that it is not released by the
     receiving party, (b) the data or information that shall be disclosed
     pursuant to applicable laws or regulations, and (c) the data or information
     that shall be disclosed to One Party's legal counsel or financial counsel
     who shall also bear the obligation of maintaining the confidentiality
     similar to the obligations hereof. The undue disclosing of the confidential
     data or information of One Party's legal counsel or financial counsel shall
     be deemed the undue disclosing of such party who shall take on the
     liability of breach of this Agreement.


7.   GOVERNING LAW AND SETTLEMENT OF DISPUTES

7.1  The execution, validity, interpretation, performance, implementation,
     termination and settlement of disputes of this Agreement shall be governed
     by the laws of Hong Kong, SAR.

7.2  In event of any dispute arising from or in connection with this Agreement,
     the Parties shall attempt to resolve the dispute through friendly
     consultations. In the event that satisfactory resolution is not reached
     within thirty (30) days after commencement of such consultation, the
     dispute shall be submitted (which submission may be made by either Borrower
     or Lender) to resolution by arbitration administered by Hong Kong
     International Arbitration Center (the "Center") in Beijing, China, in
     accordance with the procedural rules of the Center, which are in effect at
     the time the application for

                                       4

<PAGE>

     arbitration is made. The arbitral award shall be final and binding upon
     all parties hereto.

8.   MISCELLANEOUS

8.1  This Agreement can only be amended by written agreements jointly executed
     by the parties. Lender may freely and at its sole discretion assign any of
     its rights and delegate any of its responsibilities under this Agreement to
     a third party.

8.2  Any provision of this Agreement that is invalid or unenforceable shall not
     affect the validity and enforceability of any other provisions hereof.

8.3  This Agreement shall substitute and replace in full the Loan Agreement
     dated May 19 2006 between the Lender and the Borrower.

(THE FOLLOWING SPACE IS INTENTIONALLY LEFT BLANK)

                                       5

<PAGE>

IN WITNESS WHEREOF, the Parties have duly executed this Agreement, or have
caused this Agreement to be duly executed on their behalf, as of the date first
hereinabove set forth.


                                        LENDER:

                                        ATA TESTING AUTHORITY (HOLDINGS) LIMITED


                                             -------------------------
                                             By:
                                             Title:


                                        BORROWER:

                                        MA XIAOFENG


                                             -------------------------

                                       6