CHINA NETTV                                                   World Trade Center
HOLDINGS INC.                                                          Suite 536
                                                                999 Canada Place
                                                                 Vancouver, B.C.
                                                                 Canada, V6C 3E2
                                                              TEL:  604.641.1366
                                                              FAX:  604.641.1377

                             STOCK OPTION AGREEMENT

Option  agreement made on December 21, 2005 between China NetTV Holdings Inc., a
corporation  organized and existing under the laws of Nevada, with its principal
office  located at World Trade Centre Suite 536, 999 Canada Place,  Vancouver B.
C. V6C 3E2, here referred to as the Corporation,  and Gongbo Li, a Consultant of
the  corporation  or one or more of its  subsidiaries,  here  referred to as the
Optionee.

RECITALS

The  Corporation  desires,  by affording the Optionee an opportunity to purchase
its Common shares,  as provided in this agreement,  for services rendered in the
past.

In consideration of the matters  described above, and of the mutual benefits and
obligations set forth in this agreement, the parties agree as follows:

     1.  GRANT OF OPTION

     The  Corporation  irrevocably  grants to the  Optionee the right and option
     (the  Option),  to purchase  all or any part of an aggregate of ONE HUNDRED
     THOUSAND  (100,000)  common shares (this number being subject to adjustment
     as provided in Section Seven of this agreement) on the terms and conditions
     set for the in this agreement.

     2.  PURCHASE PRICE

     The purchase price of the common shares covered by the Option shall be U. S
     Dollars Twelve Cents (UD$0.12) per share.

     3.  TERM OF OPTION

     The Option may be exercised by the Optionee up until the expiry date of the
     options of December 21, 2008.

     4.  NONTRANSFERABILITY

     This Option shall not be transferable  except to the Optionee's estate, and
     the Option may be exercised,  during the lifetime of the Optionee,  only by
     the Optionee or his/her estate. More particularly (but without limiting the
     generality  of  the  foregoing),   the  Option  may  be  not  be  assigned,
     transferred, pledged or hypothecated in any way, shall not be assignable by
     operation  of law,  and shall not be subject to  execution,  attachment  or
     similar process. Any attempted assignment,  transfer, pledge, hypothecation
     or other  disposition of the option contrary to these  provisions,  and the

<PAGE>

CHINA NETTV                                                   World Trade Center
HOLDINGS INC.                                                          Suite 536
                                                                999 Canada Place
                                                                 Vancouver, B.C.
                                                                 Canada, V6C 3E2
                                                              TEL:  604.641.1366
                                                              FAX:  604.641.1377

     levy of any execution,  attachment or similar process on the option,  shall
     be null and void.

     5.  OPTIONEE

     Regardless  of  whether or not the Option  shall be  exercised,  the Option
     represents  recognition and regard of the Optionee's  past  contribution to
     the Corporation or one or more of its subsidiaries.

     6.  CHANGES IN CAPITAL STRUCTURE

     If all or any  portion of the option  shall e exercised  subsequent  to any
     share  dividend,   split-up,   recapitalization,   merger,   consolidation,
     combination   or  exchange  of  shares,   separation,   reorganization   or
     liquidation  occurring  after  the date of this  agreement,  as a result of
     which shares of any class shall be issued in respect of outstanding  common
     shares,  or common  shares  shall be changed  into the same or a  different
     number of shares of the same or  another  class or  classes,  the person or
     persons so exercising  the Option shall  received the aggregate  number and
     class of shares which,  if common shares (as authorized at the date of this
     agreement)  had been  purchased at the date of this  agreement for the same
     aggregate price (on the basis of the price per share set for the in Section
     Two of this agreement) and had not been disposed of, such person or persons
     would  be  holding,  at the  time of such  exercise,  as a  result  of such
     purchase  and  all  such  share  dividends,  split-ups,  recapitalizations,
     mergers, consolidations,  combinations or exchanges of shares, separations,
     reorganizations  or  liquidations;  provided,  however,  that no fractional
     share be issued on any such exercise, and the aggregate price paid shall be
     appropriately reduced on account of any fractional share not issued.

     7.  METHOD OF EXERCISING OPTION

     Subject to the terms and conditions of this option  agreement,  this Option
     may be exercised by written notice to the Corporation, mailed or personally
     delivered to the Corporation at the following  address:  World Trade Centre
     Suite 536 - 999 Canada  Place,  Vancouver,  BC V6C 3E2.  Such notice  shall
     state the  election  to  exercise  the  Option  and the number of shares in
     respect of which it is being  exercised,  and shall be signed by the person
     or persons so exercising the Option.

     The notice shall either:

<PAGE>

CHINA NETTV                                                   World Trade Center
HOLDINGS INC.                                                          Suite 536
                                                                999 Canada Place
                                                                 Vancouver, B.C.
                                                                 Canada, V6C 3E2
                                                              TEL:  604.641.1366
                                                              FAX:  604.641.1377

     (a) be accompanied by payment of the full purchase price of the shares,  in
     which event the  corporation  shall deliver a certificate  or  certificates
     representing  the shares as soon as  practicable  after the notice shall be
     received;  or
     (b) fix a date (not less than five (5) nor more than ten (10)business  days
     from the date such  notice is to be received  by the  corporation)  for the
     payment of the full  purchase  price of the shares  against  delivery  of a
     certificate  of  certificates  representing  the  shares.  Payment  of  the
     purchase  price  shall,  in either case,  be made by cheque  payable to the
     order or the Corporation. The certificate of certificates for the shares as
     to which the Option shall have been  exercised  shall be  registered in the
     name  of  the  Optionee  and  another   person   jointly,   with  right  of
     survivorship, and shall be delivered as provided above to or on the written
     order of the person or persons exercising the Option. All shares that shall
     be purchased  on the  exercise of the option as provided in this  agreement
     shall be fully paid and nonassessable.  Any unexercised  portion shall stay
     with the Optionee.

     8.  SUBSIDIARY

     As used in this agreement,  the term "subsidiary" shall mean any present or
     future  Corporation  that  would  be  a  "subsidiary  corporation"  of  the
     Corporation, as that term is defined in Section 424 of the Internal Revenue
     Code of 1986.

     9.  SIGNATURES

         For the Company:                            Attest:




         /s/ Anthony Garson                          /s/ Maurice Tsakok
         -------------------                         -------------------
         Anthony Garson,                             Maurice Tsakok,
         President & CEO                             Secretary & Treasurer


         For the Optionee



         /s/ Gongbo Li
         -------------------                         December 21, 2005
         Gongbo Li