EX-4.25



 EXHIBIT 4.25 

Power of Attorney 
 This Power of Attorney
is signed by the following Principals on December 17, 2013: 
 Principals: 
  

	Principal A:	Yang Dongjie 

  

	ID Card No.:	140106196803232537 

  

	Address:	Room 302,303, Apt 6, Building 1, No.5 North Jia Heping Li, Chaoyang District, Beijing 

  

	Principal B:	Ge Weiguo 

  

	ID Card No.:	320203196607100019 

  

	Address:	Room 402, No. 24, Lane 1111, Donglan Road, Minhang District, Shanghai 

 Agents: 

 

	Agent A:	Chen Lifu, Taiwanese, Taiwan Passport no: 01788274 

  

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

 Whereas: 

 

	(1)	The Principals are shareholders of Shanghai HJX Electronic Technology Co., Ltd. (“Shanghai HJX Electronic”) and Yang Dongjie and Ge Weiguo hold a 75% interest and a 25% interest in Shanghai HJX Electronic
respectively; 

  

	(2)	Shanghai HJX Digital Technology Co., Ltd. (“Shanghai HJX”) and the Principals have entered into the Management and Operation Agreement and agree that persons employed and designated by Shanghai HJX and its
affiliates will serve as directors or management personnel of Shanghai HJX Electronic; 

  

	(3)	The Agents are employees of and designated by Shanghai HJX or its affiliates; 

 Now, therefore, Principal A
hereby irrevocably authorizes Agent A and Principal B hereby irrevocably authorizes Agent B to exercise all such voting rights as enjoyed by Principal A and Principal B respectively in the shareholders’ meeting of Shanghai HJX Electronic in
accordance with laws and the articles of association of Acorn Network Technology, 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 Shanghai HJX Electronic
and the designation and appointment of directors in the shareholders’ meeting of Shanghai HJX Electronic, etc., as authorized representatives of the Principals. 

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







 This Power of Attorney is subject to the condition that the Agents are employees of Shanghai HJX or its
affiliates and Shanghai HJX or its affiliates agree to such authorization of power. This Power of Attorney shall be terminated automatically once the Agents are no longer employees of Shanghai HJX or its affiliates or other employees are designated
by Shanghai HJX. The Principals will then otherwise authorize other employees designated by Shanghai HJX or its affiliates to exercise all such shareholders’ voting rights as enjoyed by the Principals in the shareholders’ meeting of
Shanghai HJX Electronic. 
 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 Agents acknowledge 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 Shanghai HJX Electronic and Shanghai HJX 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 Agents terminate 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 Shanghai HJX. 
 [Signature Page of the Power of Attorney] 

Yang Dongjie (Signature) 
 Ge Weiguo (Signature) 

Agent A: Chen Lifu (Signature) 
 Agent B: Gao Weiji (Signature)