Document:

Exhibit 10.3

 Exhibit 10.3 

SHAREHOLDERS’ VOTING 

PROXY AGREEMENT 

BETWEEN 

WANG Zhili 

WANG Debao 

XU Guoan 

YANG Xiaohua 

ZHANG Qingmao 

GUO Zhiqiang 

LIN Long 

SUN Jing 

AND 

CHONGQING RUIXUAN TECHNOLOGY CO., LTD. 

JULY 23, 2010 

Taian City, CHINA 

 Shareholders’ Voting Proxy Agreement 

This Shareholders’ Voting Proxy Agreement (the “Agreement”) is entered into as of July 23, 2010 between the following parties
in Taian City: 
 Party A: Chongqing Ruixuan Technology Co., Ltd. 

Registered Address: No. 19, Dongyi Road Huilong Avenue, Yongchuan District, Chongqing City 

Legal Representative: Mr. WANG Zhili 

Party B: 
 1. WANG Zhili, a citizen of
PRC with ID Card number【370105196802103334】, owns 【7.00】% shares of Shandong Taiying Technology Co., Ltd; 
 2. WANG
Debao, a citizen of PRC with ID Card number 【372423197111261312】, owns 【10.00】% shares of Shandong Taiying Technology Co., Ltd; 

3. XUE Guoan, a citizen of PRC with ID Card number 【370823197608284034】, owns【1.00】% shares of Shandong Taiying Technology
Co., Ltd; 
 4. YANG Xiaohua, a citizen of PRC with ID Card number 【37070319671115008X】, owns【10.00】% shares of
Shandong Taiying Technology Co., Ltd; 
 5. ZHANG Qingmao, a citizen of PRC with ID Card number 【370702196706201317】,
owns【15.00】% shares of Shandong Taiying Technology Co., Ltd; 
 6. GUO Zhiqiang,a citizen of PRC with ID Card number
【370103197407015731】, owns【1.00】% shares of Shandong Taiying Technology Co., Ltd; 
 7. LIN Long, a citizen of PRC
with ID Card number 【370103196403100512】, owns【36.00】% shares of Shandong Taiying Technology Co., Ltd; 
  

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 8. SUN Jing, a citizen of PRC with ID Card number【370282198111207721】,
owns【20.00】% shares of Shandong Taiying Technology Co., Ltd; 
 In this Agreement, Party A and Party B are called collectively as
the “Parties,” each of them is called as the “Party,” and Party B are collectively called the “Grantors.” 

WHEREAS: 
  

	1.	Party A is a【Wholly Foreign Owned Enterprise】 incorporated under the laws of the People’s Republic of China; 

 

	2.	As of the date of this Agreement, the Grantors are shareholders of Shandong Taiying Technology Co., Ltd. (the “Shandong Taiying”) and collectively legally
hold all of the equity interest of Shandong Taiying; 

  

	3.	Each of the Grantors desires to appoint the persons designated by Party A to exercise its shareholder’s voting rights at the shareholders’ meeting of Shandong
Taiying (“Voting Rights”) and Party A is willing to designate such persons. 

 NOW THEREFORE, the Parties hereby
have reached the following agreement upon friendly consultations: 
 1. Each of Party B hereby agrees to irrevocably appoint the persons
designated by Party A with the exclusive right to exercise, on his behalf, all of his Voting Rights in accordance with the laws and Shandong Taiying’s Articles of Association, including but not limited to the rights to sell or transfer all or
any of his equity interests of Shandng Taiying, and to appoint and elect the directors and Chairman as the authorized legal representative of Shandong Taiying. 

2. The persons designated by Party A shall be the full board of Party A (the “Proxy Holders”). Party A agrees that it shall maintain a board of
directors with composition and members identical to the board of directors of the overseas parent company of Party A. 
 3. Party A agrees to
designate such Proxy Holders pursuant to Section 1 of this Agreement, who shall represent Party B to exercise his Voting Rights pursuant to this Agreement. 

4. All Parties to this Agreement hereby acknowledge that, regardless of any change in the equity interests of Shandong Taiying, each of the Grantors
shall appoint the person designated by Party A with all Voting Rights. All Parties to this Agreement agree, neither of Party B can transfer his equity interests (the “Transferor”) of Shandong Taiying to any individual or company (other
than Party A or the individuals or entities designated by Party A). 
  

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 5. Each of the Grantors hereby acknowledges that he/she will withdraw the appointment of the persons
designated by Party A if Party A change such designated person and reappoint the substituted persons designated by Party A as the new Proxy Holders to exercise his Voting Rights at the shareholder’s meeting of Shandong Taiying. 

6. All authorizations made under this Agreement shall be conclusive and binding upon the Grantors and each and every act and thing affected by the Proxy
Holders pursuant hereto shall be as good, valid and effectual as if the same had been done by the Grantors. The Grantors hereby irrevocably and unconditionally undertake at all times hereafter to ratify and confirm whatsoever the Proxy Holders shall
lawfully do or cause to be done by virtue of all such authorizations conferred by this Agreement. 
 7. The Grantors hereby irrevocably and
unconditionally undertake at all times to indemnify and keep indemnified each of the Proxy Holders against any and all actions, proceedings, claims, costs, expenses and liabilities whatsoever arising from the exercise or purported exercise of any of
the powers conferred or purported to be conferred by this Agreement. 
 8. This Agreement has been duly executed by the parties’ authorized
representatives as of the date first set forth above and shall become effective upon execution. 
 9. This Agreement shall not be terminated
prior to the completion of acquisition of all of the equity interests in, or all assets or business of Shandong Taiying by Party A; 
  

	10.	Any amendment and termination of this Agreement shall be in written and agreed upon by the Parties. 

11. The conclusion, validity, interpretation, and performance of this Agreement and the settlement of any disputes arising out of this Agreement shall be
governed by the laws and regulations of the People’s Republic of China. 
 12. This Agreement is executed in Chinese in ten
(10) copies; each Party holds one and each original copy has the same legal effect. 

        (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
)         
  

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 (Page of signature only) 

Party A: Chongqing Ruixuan Technology Co., Ltd. 

  (Seal) 
 Legal
Representative/Authorized Representative (Signature): 
 Party B: 

WANG Zhili (signature): 
 WANG
Debao (signature): 
 XU Guoan (signature): 

YANG Xiaohua (signature): 
 ZHANG
Qingmao (signature): 
 Guo Zhiqiang (signature): 

LIN Long (signature): 
 SUN Jing
(signature): 
 This Agreement is agreed and accepted by: Shandong Taiying Technology Co., Ltd. 

(Seal) 
 Legal Representative/Authorized
Representative (Signature): 
  

 - 4 -Exhibit 10.4

 Exhibit 10.4 

Pledge of Equity Agreement 

This Agreement is executed by: 
 Pledgeors
(hereinafter collectively referred to as “Party A”): 
 1. WANG Zhili, a citizen of PRC with ID Card
number【370105196802103334】, owns 【7.00】% shares of Shandong Taiying Technology Co., Ltd; 
 2. WANG Debao, a citizen
of PRC with ID Card number 【372423197111261312】, owns 【10.00】% shares of Shandong Taiying Technology Co., Ltd; 
 3.
XUE Guoan, a citizen of PRC with ID Card number 【370823197608284034】, owns【1.00】% shares of Shandong Taiying Technology Co., Ltd; 

4. YANG Xiaohua, a citizen of PRC with ID Card number 【37070319671115008X】, owns【10.00】% shares of Shandong Taiying
Technology Co., Ltd; 
 5. ZHANG Qingmao, a citizen of PRC with ID Card number 【370702196706201317】, owns【15.00】%
shares of Shandong Taiying Technology Co., Ltd; 
 6. GUO Zhiqiang, a citizen of PRC with ID Card number 【370103197407015731】,
owns【1.00】% shares of Shandong Taiying Technology Co., Ltd; 
 7. LIN Long, a citizen of PRC with ID Card number
【370103196403100512】, owns【36.00】% shares of Shandong Taiying Technology Co., Ltd; 
 8. SUN Jing, a citizen of PRC
with ID Card number 【370282198111207721】, owns【20.00】% shares of Shandong Taiying Technology Co., Ltd; 

 Pledgee (hereinafter referred to as “Party B”): 

Chongqing Ruixuan Technology Co., Ltd.,a 【Wholly Foreign Owned Enterprise】 registered in Chongqing, PRC. 

Whereas: 
 1. Party A
consists of all of the shareholders of Shandong Taiying Technology Co., Ltd. (hereinafter referred to as “Shandong Taiying”), who legally hold all of the equity interest of Shandong Taiying. 

2. Chongqing Ruixuan Technology Co., Ltd. is a 【Wholly Foreign Owned Enterprise】 incorporated and existing within the territory of PRC in
accordance with the law of PRC and its legal registered address is 【No. 19, Dongyi Road Huilong Avenue, Yongchuan District, Chongqing City】. 

3. Shandong Taiying. is an enterprise incorporated and existing within the territory of PRC in accordance with the law of PRC, the registration number of
its legal valid business license is【370924200000213】 and its legal registered address is 【1366 Zhongtianmen Dajie, Xinghuo Science and Technology Park, High-tech Zone, Taian City】. 

4. Party B intends to acquire all of the equity interests or assets of Shandong Taiying. Prior to the completion of such acquisition, Party A agreed to
entrust the management and operation of Shandong Taiying to Party B and to sell all or part of operating assets of Shandong Taiying to Party B. In order to protect the interests of Party B, Party A agrees to pledge the 100% of equity interest of
Shandong Taiying they own to Party B. 
 5. Party B accepts the pledge of the equity interest by Party A. 

Therefore, in accordance with applicable laws and regulations of the People’s Republic of China, the Parties hereto reach the Agreement
through friendly negotiation on the principle of equality and mutual benefit and abide by. 
  

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 Article 1 Guaranteed Obligation 

The equity interest is being pledged to guarantee all of the rights and interests Party B is entitled to under all of the following listed
agreements by and among Party A and Party B: 
 (a) Entrusted Management Agreement, by and between Party A, Shandong Taiying and
Party B on July 23, 2010 in Taian City; 
 (b) Exclusive Option Agreement by and among Party A, Shandong Taiying and Party B
on July 23, 2010 in Taian City; 
 (e) Shareholders’ Voting Proxy Agreement, by and between Party A and Party B on
July 23, 2010 in Taian City; 
 Article 2 Pledged Properties 

Party A pledges, by way of first priority pledge, all of its rights, title and interest, in, to and under all or any part of: 

 

	 	(a)	100% of the equity interest in Shandong Taiying; 

  

	 	(b)	100% of the registered capital (“Registered Capital”) of Shandong Taiying; 

 

	 	(c)	all investment certificates and other documents in respect of the Registered Capital of Shandong Taiying; 

 

	 	(d)	all money, dividends, interest and benefits at any time arising in respect of all the equity interest and Registered Capital of Shandong Taiying; and all voting rights
and all other rights and benefits attaching to or accruing to the equity interest or the Registered Capital of Shandong Taiying to Party B . 

Article 3 Scope of Guaranteed Obligations 

The scope of the guaranteed obligations is all rights and interests Party B is entitled to in accordance with all the agreements signed by and among Party
A and Party B. 
 Article 4 Pledge Procedure and Registration 

After the date of this Agreement, Party A shall try with its best effort to process the registration procedures with Taian Administration for Industry and
Commerce concerning the pledged equity interest and ensure that all other approval(s) from or registration with relevant PRC authorities is granted or duly secured. 

 

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 Article 5 Transfer of Pledged Equity Interest 

Party A shall not transfer any of the pledged equity interest without the prior written consent of Party B during the term of this agreement. 

Article 6 Effectiveness, Modification and Termination 
  

	6.1	This Agreement shall go into effect when it is signed by the authorized representatives of the Parties with seals affixed; 

 

	6.2	Upon the effectiveness of this Agreement and unless otherwise agreed upon by the parties hereto, neither party may modify or terminate this Agreement. Any modification
or termination shall be in writing after both parties’ consultations. The provisions of this Agreement remain binding on both parties prior to any written agreement on modification or termination. 

Article 7 Governing Law 
 The execution,
validity, interpretation and performance of this Agreement and the disputes resolution under this Agreement shall be governed by the laws of PRC. 

Article 8 Liability for Breach of Agreement 

Upon the effectiveness of this Agreement, the Parties hereto shall perform their respective obligations under the Agreement. Any failure to perform the
obligations stipulated in the Agreement, in part or in whole, shall be deemed as breach of contract and the breaching party shall compensate the non-breaching party for the loss incurred as a result of the breach. 

Article 9 Settlement of Dispute 
 The
parties shall strive to settle any dispute arising from the interpretation or performance of this Agreement through friendly consultation. In case no settlement can be reached through consultation within thirty (30) days after such dispute is
raised, each party can submit such matter to China International Economic and Trade Arbitration Commission South China Sub-Commission in Shenzhen in accordance with its rules then in effect. The arbitration shall take place in Shenzhen. The
arbitration award shall be final, conclusive and binding upon both parties. 
  

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 Article 10 Severability 

 

	10.1	Any provision of this Agreement that is invalid or unenforceable due to the Laws and regulations shall be ineffective without affecting in any way the remaining
provisions hereof. 

  

	10.2	In the event of the foregoing paragraph, the parties hereto shall prepare supplemental agreement as soon as possible to replace the invalid provision through friendly
consultation. 

 Article 11 Miscellaneous 
  

	11.1	The headings contained in this Agreement are for the convenience of reference only and shall not in any other way affect the interpretation of the provisions of this
Agreement. 

  

	11.2	The Agreement shall be executed in ten copies in Chinese. Each party holds one Chinese original, and the remaining shall be kept for completing relevant procedures.
Each copy shall have equal legal force. 

  

	11.3	In witness hereof, the Parties hereto have executed this Agreement on the date described in the first page. 

        (REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK)         
  

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 (Page of signature only) 

Party A: 
 WANG Zhili
(signature): 
 WANG Debao (signature): 

XU Guoan (signature): 

YANG Xiaohua(signature): 

ZHANG Qingmao(signature): 

Guo Zhiqiang(signature): 

LIN Long(signature): 
 SUN
Jing(signature): 
 Party B: 

Chongqing Ruixuan Technology Co., Ltd. (seal) 

Authorized representative: 

              (signature) 

 

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