EXHIBIT 4.18


 


Power of Attorney


 


This Power of Attorney is signed by the
following parties in Shanghai on May 27, 2015:


 


Principals


 


	Principal A:	Kuan Song


 


	ID Card No.:	410503198209212012


 


	Address:	Room 2202, Floor 5, Building 25, Ganlu Garden Nan Li, Chaoyang District, Beijing


 


	Principal B:	Pan Zong


 


	ID Card No.:	410901198605200020 


 


	Address:	Room 9, Unit 1, Building 4, Yard 7, Kaizhou Road, Hualong District, Puyang City, Henan Province


 


Agent 


 


	Agent:	Weiji Gao, Chinese citizen, ID card no.: 31010719730410463X 


 


Whereas:


 


	(1)	The Principals are shareholders of Beijing Acorn Trade Co., Ltd. (“Beijing Acorn”) and Kuan Song and Pan Zong hold a 90% interest and a 10% interest in Beijing Acorn respectively; 


 


	(2)	Acorn Information Technology (Shanghai) Co., Ltd. (“Acorn Information Technology”) and the Principals have entered into the Management and Operation Agreement and agree that persons designated by Acorn Information Technology or another enterprise approved by Acorn Information Technology will attend the shareholders’ meeting of Beijing Acorn and exercise voting rights; 


 


	(3)	The Agent is designated by Acorn Information Technology or another enterprise approved by Acorn Information Technology.


 


Now, therefore, Principal A hereby irrevocably
authorizes the Agent and Principal B hereby irrevocably authorizes the Agent to exercise all such voting rights as enjoyed by Principal
A and Principal B respectively in the shareholders’ meeting of Beijing Acorn in accordance with laws and the articles of
association of Beijing Acorn, including, but not limited to, the voting right with respect to the sale or transfer of all or any
equity interest held by the Principals in Beijing Acorn and the designation and appointment of directors in the shareholders’
meeting of Beijing Acorn, etc., as authorized representatives of the Principals.


 


This Power of Attorney is a “full
discretionary power of attorney”, that is, the Agent may exercise the shareholders’ rights on behalf of the Principals
at its own discretion and the Principals will not issue new instructions or requests to the Agent for the exercising of such shareholders’
rights in Beijing Acorn, provided that the Agent shall exercise such shareholders’ rights on behalf of the Principals in
accordance with the company law of China and the articles of association of Beijing Acorn.


 


This Power of Attorney is subject to the
condition that the Agent acts as a director or holds another position with Acorn Information Technology or another enterprise approved
by Acorn Information Technology and Acorn Information Technology agrees to such authorization of power. This Power of Attorney
shall be terminated automatically in the event that the Agent no longer acts as a director or holds any position with Acorn Information
Technology or another enterprise approved by Acorn Information Technology, or Acorn Information Technology or another enterprise
approved by Acorn Information Technology terminates its appointment of the Agent or otherwise designates another person. The Principals
will then otherwise authorize other person designated by Acorn Information Technology or another enterprise approved by Acorn Information
Technology to exercise all such shareholders’ voting rights as enjoyed by the Principals in the shareholders’ meeting
of Beijing Acorn.




     


     


    

  


This Power of Attorney shall be concluded
after it is signed by the Principals and the Principals agree that this Power of Attorney shall take effect as of the execution
date. The Agent acknowledges the shareholders’ resolution made by the Principals before the date of this Power of Attorney
and the Principals shall be deemed to have complied with this Power of Attorney. Unless otherwise provided herein or the Management
and Operation Agreement between Beijing Acorn and Acorn Information Technology is early terminated, this Power of Attorney shall
continue to be valid for ten years from the date hereof. The term of this Power of Attorney shall be automatically extended for
another ten years except the Agent terminates this Power of Attorney in writing three months before its expiration.


 


The Principals hereof shall truthfully
keep their heirs informed of all contents with respect to this Power of Attorney and undertake that their heirs will succeed to
all obligations hereunder.


 


This Power of Attorney constitutes the
entire agreement between the parties with respect to the subject matter hereof and supersedes all prior understandings and agreements,
oral or written, between the parties with respect to the subject matter hereof. This Power of Attorney shall not be amended without
the consent of the auditing committee or other independent body of the board of directors of Acorn Information Technology.


 


[Signature Page of the Power of Attorney]


 


/s/ Kuan Song (Signature)


 


/s/ Pan Zong (Signature)


 


Agent: /s/ Weiji Gao (Signature)