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                                                                   Exhibit 10.25

                           Schedule to Exhibit 10.25

         Pursuant to Instruction 2 to Item 601 of Regulation S-K under the
Securities Act of 1933, as amended, the following is a schedule of documents
substantially identical in all material respects except as to the parties
thereto, the dates of execution, or other material details from the document
filed as Exhibit 10.25.

Exhibit 10.25 Filed

Agreement:        Business Operations Agreement
Date:             September 26, 2003
Party A:          Beijing Super Channel Network Limited
Party B:          Beijing Lei Ting Wan Jun Network Technology Limited
Party C:          Wang Xiu Ling
Party D:          Wang Lei Lei

Agreements Substantially Identical to Exhibit 10.25 and Omitted

Agreement:        Business Operations Agreement
Date:             September 26, 2003
Party A:          Beijing Super Channel Network Limited
Party B:          Shenzhen Freenet Information Technology Limited
Party C:          Wang Xiu Ling
Party D:          Sheng Yong

Agreement:        Business Operations Agreement
Date:             November 19, 2003
Party A:          Puccini Network Technology (Beijing) Limited
Party B:          Beijing Lei Ting Wu Ji Network Technology Limited
Party C:          Wang Xiu Ling
Party D:          Wang Lei Lei

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[Translation of Chinese original]

                          Business Operations Agreement

     This Business Operations Agreement ("Agreement") is entered into on the day
of September 26, 2003 (the "Effective Date"), in Beijing by and among the
following parties:

Party A:  Beijing Super Channel Network Limited
Address:  Room F09 2/F 3 Yongchangbeilu Road, Beijing Economic and Technology
          Development Area

Party B:  Beijing Lei Ting Wan Jun Network Technology Ltd.
Address:  Room C01, Yongchang Business Center, 3 Yongchangbilu Road, Beijing
          Economic and Technology Development Area

Party C:  Wang Xiu Ling
Address:  Room 3-101 7/F Wushengdongli, Chaoyang District, Beijing

Party D:  Wang Lei Lei
Address:  Room 1001 Building 1, 27 Xiaoyangyibin Hutong Bystreet, Dongcheng
          District, Beijing

WHEREAS:

1.   Party A is a wholly foreign-owned enterprise registered in the People's
     Republic of China (the "PRC");

2.   Party B is a wholly domestic-owned company registered in the PRC and is
     approved by Beijing Communication Administration to engage in the business
     of Internet information provision services, internet access services and
     mobile network value-added telecommunication services;

3.   A business relationship has been established between Party A and Party B by
     entering into Exclusive Technical and Consulting Services Agreement;

4.   Pursuant to Exclusive Technical and Consulting Services Agreement between
     Party A and Party B, Party B shall pay a certain amount of money to Party
     A. However, the relevant payables have not been paid yet and the daily
     operation of Party B will bear a material impact on its capacity to pay the
     payables to Party A.

5.   Party C is a shareholder of Party B who owns 80% equity in Party B.

6.   Party D is a shareholder of Party B who owns 20% equity in Party B.

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7.   It is jointly agreed among Party A, Party B, Party C and Party D to further
     clarify matters relating to the operation of Party B pursuant to provisions
     herein.

     NOW THEREFORE, Party A, Party B, Party C and Party D through mutual
     negotiations hereby agree as follows:

1.   In order to ensure Party B's normal operation, Party A agrees, subject to
     Party B's satisfaction of the relevant provisions herein, to act as the
     performance guarantor for Party B in the contracts, agreements or
     transactions in association with Party B's operation between Party B and
     any other third party and to provide full guarantee for Party B in
     performing such contracts, agreements or transactions. Party B agrees to
     mortgage the receivables of its operation and the company's whole asset to
     Party A as a counter guarantee. Pursuant to the above performance guarantee
     arrangement, Party A, as the performance guarantor for Party B, shall
     respectively enter into written guarantee contracts with Party B's counter
     parties to assume the guarantee liability.

     In order to ensure Party B's normal operation, Party B needs to borrow
     floating capital loan of Renminbi 0.1 billion from bank. Party A hereby
     agrees, subject to Party B's satisfaction of the relevant provisions
     herein, to provide guarantee with an aggregate amount of Renminbi 0.1
     billion for Party B's above floating capital loan.

2.   In consideration of the requirement of Article 1 herein and to ensure the
     performance of the various operation agreements between Party A and Party B
     and to ensure the payment of the various payables by Party B to Party A,
     Party B together with its shareholders Party C and Party D hereby jointly
     agree that Party B shall not conduct any transaction which may materially
     affect its assets, obligations, rights or the company's operation unless a
     prior written consent from Party A or Party A's Affiliates, including but
     not limited to the following contents, has been obtained:

     2.1 To borrow money or incur any debt from any third party;

     2.2 To sell to or acquire from any third party any assets or rights,
     including but not limited to any intellectual property rights;

     2.3 To provide real guarantee for any third party with its assets or
     intellectual property rights;

     2.4 To assign to any third party rights and obligations under the
     Agreements hereto.

3.   In order to ensure the performance of the various operation agreements
     between Party A and Party B and to ensure the payment of the various
     payables by Party B to Party A, Party B together with its shareholders
     Party C and Party D hereby jointly agree to accept the provision of the
     corporate policies and guidance by Party A at real time in respects of
     employment and dismissal of the company's employees, the

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     company's daily operation administration and the company's financial
     management system.

4.   Party B together with its shareholders Party C and Party D hereby jointly
     agree that Party B, Party C and Party D shall only appoint the personnel
     designated by Party A as the directors of Party B, and Party B shall engage
     Party A's senior officers or any other candidate designated by Party A as
     Party B's General Manager, Chief Financial Officer, and other senior
     officers. If any of the above officers quits or is dismissed by Party A, he
     or she will lose the qualification to undertake any positions in Party B
     and therefore Party B, Party C and Party C shall appoint other senior
     officers of Party A designated by Party A to assume such position.

5.   Party C and Party D hereby agree to execute Powers of Attorneys according
     to which Party B, Party C and Party D shall authorize personels designated
     by Party A to exercise full voting rights of shareholders by Party B, Party
     C and Party D pursuant to the laws and the Article of Associations of the
     Company on Party B's shareholders' meetings.

6.   Party B together with its shareholders Party C and Party D hereby jointly
     agree and confirm that except the provisions set forth in Article 1 herein,
     Party B shall seek a guarantee from Party A first if Party B needs any
     guarantee for its performance of any contract or loan of floating capital
     in the operation process. Under the above situation, Party A shall be
     entitled but not obliged to provide appropriate guarantee to Party B on its
     own discretion. If Party A decides not to provide such guarantee, Party A
     shall issue a written notice to Party B immediately and Party B shall seek
     a guarantee from other third party.

7.   In the event that any of the agreements between Party A and Party B
     terminates or expires, Party A shall have be entitled but not obliged to
     terminate all agreements between Party A and Party B including but not
     limited to Exclusive Technical and Consulting Services Agreement.

8.   Any amendment and supplement of this Agreement shall be in a written form.
     The amendment and supplement duly executed by each Party shall be part of
     this Agreement and shall have the same legal effect as this Agreement.

9.   This Agreement shall be governed by and construed in accordance with the
     PRC law.

10.  Dispute Resolution

     The parties shall strive to settle any dispute arising from the
     interpretation or performance, or in connection with this Agreement through
     negotiation in good faith. In case no settlement can be reached through
     consultation, each party can submit such matter to China International
     Economic and Trade Arbitration Commission

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     ("CIETAC") for arbitration in accordance with the current rules of CIETAC.
     The arbitration proceedings shall take place in Beijing and shall be
     conducted in Chinese. The arbitration award shall be final and binding upon
     the parties.

11.  Notice

     Any notice which is given by the party/parties hereto for the purpose of
     performing the rights, duties and obligations hereunder shall be in written
     form. Where such notice is delivered personally, the actual delivery time
     is regarded as notice time; where such notice is transmitted by telex or
     facsimile, the notice time is the time when such notice is transmitted. If
     such notice does not reach the addressee on business date or reaches the
     addressee after the business time, the next business day following such day
     is the date of notice. The delivery place is the address first written
     above of the parties hereto or the address advised in writing from time to
     time. The written form includes facsimile and telex.

12.  This Agreement shall be executed by a duly authorized representative of
     each party as of the Effective Date first written above and become
     effective simultaneously. The term of this agreement is ten years unless
     early termination occurs in accordance with the relevant provisions herein.
     This Agreement may be renewed only upon Party A's written confirmation
     prior to expiration of the term of this Agreement. The renewed term shall
     be determined by Party A's written notice.

13.  This Agreement shall be terminated on the expiring date unless it is
     renewed in accordance with the relevant provision herein. During the valid
     term of this Agreement, Party B, Party C and Party D shall not terminate
     this Agreement. Notwithstanding the above stipulation, Party A shall have
     the right to terminate this Agreement at any time by issuing a prior
     written notice to Party B, Party C and Party D thirty days before the
     termination.

     IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly
executed on their behalf by a duly authorized representative as of the Effective
Date first written above.

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Party A: Beijing Super Channel Network Limited

Authorized Representative:  _________________
Name:
Position:
Date:

Party B: Beijing Lei Ting Wan Jun Network Technology Ltd.

Authorized Representative:  _________________
Name:
Position:
Date:

Party C: Wang Xiu Ling

Date:

Party D: Wang Lei Lei

Date:

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