Document:

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                                                                     Exhibit 4.9

                        COMPREHENSIVE SERVICES AGREEMENT

                                 BY AND BETWEEN

                        GUANGZHOU RAILWAY (GROUP) COMPANY

                                       AND

                        GUANGSHEN RAILWAY COMPANY LIMITED

                          DATED AS OF NOVEMBER 5, 2007

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                                TABLE OF CONTENTS

<TABLE>
<S>           <C>                                                            <C>
Article 1     Scope of the Comprehensive Services............................ 3

Article 2     Representations and Warranties................................. 4

Article 3     Transportation Services........................................ 6

Article 4     Rail Line Maintenance Services.................................13

Article 5     Car Repair in Depot and Wheel Repair Services..................15

Article 6     Railway Materials Procurement Agency...........................17

Article 7     Settlement Services by the Railway Settlement Center...........19

Article 8     Hygienic and Anti-Epidemic and Convalescence Services..........20

Article 9     Liabilities for Breach of Contract.............................22

Article 10    Miscellaneous Provisions.......................................23
</TABLE>

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     This Comprehensive Services Agreement (this "Agreement") is entered into
this fifth day of November, 2007 in Luohu District, Shenzhen by and between:

     Whereas,

     (1) GUANGZHOU RAILWAY (GROUP) COMPANY (hereinafter referred to as "Party
A"), a group company registered in Guangzhou of Guangdong Province with its
enterprise legal person business license number being 4400001007908 and its
legal address being at No. 151 First Zhongshan Road, Guangzhou; and

     (2) GUANGSHEN RAILWAY COMPANY LIMITED (hereinafter referred to as "Party
B"), a joint-stock limited company registered in Shenzhen of Guangdong Province
with its publicly-held shares being listed on Hong Kong Stock Exchange and
Shanghai Stock Exchange, its enterprise legal person business registration
number being 4403011022106 and its legal address being at No. 1052 Heping Road,
Shenzhen.

     For the purpose of the better provision of such services to Party B as
transportation, rail line maintenance and repairs, materials procurement,
medical care and epidemic prevention, accounts settlement, nurseries and
kindergartens and any other related services so as to ensure the normal
operation of the transportation business of both parties hereto, Party A and
Party B hereby reach the following agreement after consultations and by adhering
to the principle of equality:

                  ARTICLE 1 SCOPE OF THE COMPREHENSIVE SERVICES

     1.1 For purposes of this Agreement, Party A's subsidiaries shall include
any enterprise that is wholly-owned, equity invested or controlled by Party A
and has confirmed in writing that it is willing to be bound by this Agreement
within the term of this Agreement, other than Guangshen Railway Enterprise
Development Company,

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Guangzhou Railway Group Yangcheng Railway Company and any companies, entities or
departments controlled or managed by both or either of them.

     1.2 The services to be provided to each other hereunder by Party B as a
party and Party A or any of Party A's subsidiaries as the other party, shall
include transportation, rail line maintenance and repairs, locomotives and cars
repair in depot, materials procurement on behalf of Party B, accounts
settlement, hygienic and anti-epidemic services and any other services that are
consistent with the purposes of this Agreement (hereinafter collectively
referred to as the "Comprehensive Services").

                    ARTICLE 2 REPRESENTATIONS AND WARRANTIES

     2.1 Party A agrees to provide the Comprehensive Services to Party B and its
employees pursuant to this Agreement and, for that purpose, hereby represents
and warrants to Party B as follows:

          (a)  Party A has complete and unrestricted ownership, control, and
               management rights to any of Party A's subsidiaries and that its
               rights, control, or management over, or the size, scope, quality
               or quantity of any of Party A's subsidiaries shall not be reduced
               during the term hereof.

          (b)  The quality, quantity and contents of the Comprehensive Services
               shall not be inferior to the level of the same type of services
               enjoyed by Party A itself, Party A's subsidiaries and their
               employees prior to January 1, 2008, if applicable, or provided to
               any third party by Party A and Party A's subsidiaries since
               January 1, 2008.

          (c)  Party A and Party A's subsidiaries shall guarantee the quality of
               the Comprehensive Services to be provided to Party B hereunder
               and provide the Comprehensive Services to Party B at the most
               competitive quality and price then available.

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          (d)  All fees received by Party A and Party A's subsidiaries from
               Party B as specified herein for the Comprehensive Services
               provided hereunder may not be used for any purpose other than the
               benefit of the entities that have actually provided the
               Comprehensive Services hereunder.

     2.2 Party B agrees to receive services from and provide services to
Party A pursuant to this Agreement and hereby represents and warrants to Party A
as follows:

          (a)  Party B shall pay Party A and Party A's subsidiaries the fees
               actually incurred by them in the provision of the Comprehensive
               Services as specified hereunder.

          (b)  Subject to any contrary provisions herein, any and all of the
               fees payable by Party B shall be prepaid by Party B to Party A
               and/ or Party A's subsidiaries, on a monthly basis and settled on
               a quarterly basis. Party B warrants that it shall pay Party A the
               fees payable by it at the payment date and in the amount
               specified herein and shall pay delay payment interest for any
               payment overdue at a rate of 0.03% for each day of delay.

     2.3 With respect to any fees that shall be settled by the month, the annual
aggregate thereof shall be the total of the monthly payment for 12 months and
the quarterly aggregate thereof shall be the total of the monthly payment for
three months.

     2.4 References to each of "expenses", "complete costs" or "costs" shall
mean the pre-tax amount, each of which shall be equal to the "expenses",
"complete costs", or "costs" set forth in the audited financial statements plus
the taxes and charges payable by the service provider for the service fees
received by it. Such taxes and charges shall include business tax at a rate of
5%, urban construction tax at a rate of 7%, education surcharge at a rate of 3%
and anti-flood dam building charge at a rate of 1.3 0/00.

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     2.5 Subject to a 30-day's prior notice to Party A or any of Party A's
subsidiaries, as the case may be, Party B may in conjunction with Party A or
such Party A's subsidiary, retain an accounting firm to audit the said costs,
complete costs and expenses, and the result of such audit shall be the basis for
bill settlement.

     2.6 In order to ensure the effective, timely and full implementation of
this Agreement, both parties shall cooperate with the other party and provide
conveniences to the other party. Where there is any change to the circumstances
under which the Comprehensive Services are provided, Party A and Party B shall
promptly notify each other thereof. Each party shall have the right to make
reasonable inquiries into the other party's specific entities or institutions
that provided the relevant services.

     2.7 The above representations and warranties by each of Party A and Party B
to the other in respect of payment shall be equally applicable to the service
fees payable to Party B by Party A or any of Party A's subsidiaries for Party
B's provision of any services to them.

     2.8 Both parties agree that this Agreement shall be valid for three years
commencing from January 1, 2008.

                        ARTICLE 3 TRANSPORTATION SERVICES

     3.1 The transportation services to be provided by Party A to Party B
hereunder shall include production coordination, safety management, dispatch and
lease of passenger and freight trains.

          (a)  Party A warrants that it shall:

               (i)   provide Party B with the correctly prepared working
                     diagrams for scheduled trains and locomotives;

               (ii)  work closely with and coordinate the efforts of relevant
                     train

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                     operation departments and organize the balanced operation
                     of trains and ensure the supply of trains and locomotives;

               (iii) utilize trains and locomotives economically and rationally,
                     accelerate the turnover of trains and locomotives, enhance
                     the utilization efficiency of trains and locomotives and
                     ensure the safe transportation; and

               (iv)  promptly and correctly handle relevant issues arising from
                     the daily transportation operations so as to ensure the
                     normal use of trains and locomotives and provide other
                     dispatch services.

          (b)  Both parties undertake and warrant that they will duly perform
               the formation plans, working diagrams, transportation proposals
               and daily shift working plans for trains and locomotives, follow
               the dispatch instructions and perform their respective work in
               the joint operation and cooperation between themselves according
               to the railway network.

          (c)  All of the passenger and freight trains leased to Party B by
               Party A must be well-equipped and of a high quality, satisfy the
               conditions for operation, comply with the Railway Technical
               Procedures, the Technical Procedures for the Use of Passenger
               Trains, the Detailed Rules for Air-conditioned Passenger Trains
               and provisions in relevant rules and regulations of the Ministry
               of Railway as well as Party B's technical standards and
               requirements.

          (d)  The rental payable by Party B to Party A for the lease of
               passenger and freight trains from Party A shall be treated in
               accordance with the settlement methods published by the Ministry
               of Railway. The fees payable by Party B to Party A for the
               operation coordination, safety

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               management and dispatch services shall be calculated according to
               the following formula:

               fees payable by Party B to Party A for the operation
               coordination, safety management and dispatch services for any
               given year = settlement unit price for converted turnover volume
               x converted turnover volume accomplished by Party B for such
               given year, in which, the "converted turnover volume" refers to
               the volume of passengers and freight accomplished by Party B
               calculated on the basis of the weight and the mileage of the
               freight carried by Party B and the number and mileage of
               passengers carried by Party B. The settlement unit price for the
               converted turnover volume is RMB 40/10,000 converted
               ton-kilometer.

               Where any unusual circumstances occur that cause material changes
               to the fees to be charged by Party A for its transportation
               operation coordination, safety management, dispatch services, the
               settlement unit price shall be adjusted subject to mutual
               agreement between the parties.

     3.2 The transportation services that shall be provided by Party B to, or to
Party B by, Party A and its controlled subsidiaries including Sanmao Railway
Company, Guangmeishan Railway Co., Ld., Shichang Railway Co., Ltd. and Yuehai
Railway Co., Ltd. shall include without limitation:

          (a)  passenger transportation services at railway stations including
               directing passengers' entrance into railway stations, departure
               waiting at railway stations, ticket verification and train
               boarding, and water supply services to incoming and outgoing
               trains;

          (b)  use rights to rail lines;

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          (c)  tractor services for both passenger and freight trains;

          (d)  passenger trains (including air-conditioned cars,
               non-air-conditioned cars, buffet cars, power generation cars and
               luggage cars), car inspection conductors, and power generation
               and gas supply services for air-conditioned cars;

          (e)  train maintenance services;

          (f)  ticket sales agency; and

          (g)  any other services related to passenger and freight train
               transportation.

     3.3 Party A hereby undertakes that the above-mentioned transportation
services provided to Party B by Party A and its controlled subsidiaries
including Sanmao Railway Company, Guangmeishan Railway Co., Ld., Shichang
Railway Co., Ltd. and Yuehai Railway Co., Ltd., must comply with the relevant
technical standards and requirements set by the Ministry of Railway; provided
that where no such technical standards or requirements are available, such
services must reach the service standards regularly applied in the railway
industry.

     3.4 The rate of the fees payable for the services to be provided to Party B
by Party A and its controlled subsidiaries including Sanmao Railway Company,
Guangmeishan Railway Co., Ld., Shichang Railway Co., Ltd. and Yuehai Railway
Co., Ltd. and for the services to be provided by Party B to Party A and such
subsidiaries of Party A shall be determined according to the following order of
priority:

          (a)  with respect to any item of services for which there is a
               prevailing market price, the rate of the fees payable for such
               item of services shall be determined by and among the relevant
               parties based on such prevailing market price;

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          (b)  with respect to any item of services for which there is no
               prevailing market price but the Ministry of Railway has
               formulated settlement methods or set a uniform guiding price, the
               rate of the fees payable for such item of services shall be
               determined pursuant to such settlement methods or guiding price;

          (c)  with respect to any item of services that cannot be determined
               pursuant to items (a) and (b) above, the rate of the fees for
               such item of services shall be equal to: complete costs of such
               item of services x (1+8% rate of profit).

     3.5 Party B agrees that Party A's controlled company, Guangdong Railway
Youth Travel Service Co., Ltd. ("GRYTS"), shall contract to provide train
conductor services to portion of the passenger trains operated by Party B. The
specific train runs contracted to GRYTS shall be determined by and between such
Party B and GRYTS on a case-by-case basis. GRYTS may not sublease or transfer in
any form any trains contracted to it hereunder.

     3.6 The scope of the conductor services contracted to GRYTS shall include
but not limited to the sale of tickets for, and operation of buffet business and
sale of train commodities related to the relevant contracted passenger train
runs.

     3.7 Revenues made by GRYTS from its sale and make-up sale of tickets for
the relevant contracted passenger train runs shall be vested in Party B;
revenues made by GRYTS from its sale of commodities and operation of buffet
business on trains shall be vested in GRYTS. Expenses for the use and
maintenance and repair of the contracted trains and the train expenses
stipulated by the Ministry of Railway for such trains shall be paid by Party B.
The train conductor services for the contracted trains shall be performed by
GRYTS and the salaries of the conductors and any and all of the expenses
incurred in

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the provision of the contracted conductor services for the contracted trains
shall be paid by GRYTS; provided that, liabilities for bodily injury or death of
any passenger on any of the contracted trains not attributable to GRYTS, shall
be assumed by Party B.

     3.8 Party A hereby warrants that it will cause GRYTS to achieve the
contracted ticket sales revenue target on the basis of safe transportation and
observance of railway code of ethics. The contracted ticket sales revenue target
shall be determined by Party B and GRYTS subject to mutual agreement on the
basis of the specific train runs contracted to GRYTS. In case the actual ticket
sales revenues made by GRYTS exceed the contracted ticket sales revenue target,
the payment to GRYTS for its provision of the contracted conductor services
hereunder shall be increased in proportion to the amount of the actual ticket
sales revenue in excess of the ticket sales revenue target. On the contrary, in
case the actual ticket sales revenues made by GRYTS fail to reach the contracted
ticket sales revenue target, the payment to GRYTS for its provision of the
contracted conductor services hereunder shall be reduced in proportion to the
difference between the actual ticket sales revenue and the ticket sales revenue
target. In case a force majeure event occurs during the term of the operation by
GRYTS of the contracted conductor services and the ticket sales revenue for the
contracted trains is materially and adversely affected thereby, the ticket sales
revenue target may be reviewed and re-determined by and between Party B and
GRYTS subject to mutual agreement between them after consultations.

     3.9 For the contracted conductor services and related train services
provided by GRYTS, GRYTS shall receive from Party B service fees and a share of
the revenue from the make-up sale of tickets. The fees for the provision of the
conductor services and related services contracted to GRYTS hereunder shall be
calculated on the basis of the conductor services/1000 train-kilometer
(excluding the power generation cars), and shall

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be RMB 800/1000 train-kilometer for each passenger train conductor for the
air-conditioned cars and RMB 400/1000 train-kilometer for each passenger train
conductor for the non-air-conditioned cars. GRYTS shall be entitled to receive
30% of the revenue from the make-up sale of tickets as its share. The above fees
shall be settled by the quarter and Party B and GRYTS shall confirm the
settlement amount within 15 days as of the end of each quarter. Upon
confirmation of the settlement amount, Party B shall pay the same within 10 days
as of its receipt of the formal invoice from GRYTS.

     3.10 GRYTS may not use any of the trains contracted to it for illegal
operation and the scope of business activities conducted by GRYTS may not exceed
its scope of business set forth on their business license or the scope of the
business contracted to it hereunder.

     3.11 Within the term of the contracted operation, GRYTS shall protect the
facilities of the trains contracted to it and shall be responsible for
maintaining the facilities of the trains contracted to it safe and intact;
provided that GRYTS shall not be liable for any material damage to or
destruction of any train due to the occurrence of a force majeure event. In case
of any material damage to or destruction of any train due to the occurrence of a
force majeure event, GRYTS shall promptly notify Party B thereof. GRYTS shall be
liable for any losses caused by its failure to give such notice.

     3.12 GRYTS shall be liable for any transportation safety
accidents/incidents, including, physical injury or death of passengers, fire,
and incidents relating to railway code of ethics occurring to or in any
contracted train and any loss resulting therefrom during the term of the
operation by GRYTS of the contracted business hereunder, unless the Ministry of
Railway has determined that such accident or incident shall not be attributable
to GRYTS and has identified the persons liable for such accident or incident. In
case of any such accident or incident, GRYTS shall actively assist Party B in
bringing a claim against the persons held liable for therefor.

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     3.13 The payment for the transportation services provided by Party B to
Party A and Party A's affiliates shall be settled on the same principle

                    ARTICLE 4 RAIL LINE MAINTENANCE SERVICES

     4.1 Party A shall, upon entrustment of Party B, provide such services to
Party B as main line repair and maintenance services (track lifting, track
lining, tamping and dynamic stabilization) with large-sized track maintenance
machinery, track replacement overhaul for jointless lines, track overhaul
cleaning and other services including overhaul of track bridge equipment.

     4.2 During the period when Party A is performing the said rail line repair
and maintenance services for Party B, Party B shall, at the expense of Party A,
provide Party A with detailed basic technical materials about the relevant track
bridge equipment, places for the storage of the camping vehicles and the
communications equipment used by Party A's relevant employees and shall supply
water and power to Party A's relevant employees required for their everyday
life. In addition to that, Party B shall coordinate the efforts of each of its
dispatch, track maintenance, telecommunication and signaling, station and public
security departments involved in Party A's implementation of relevant projects
as part of the entrusted services as so ensure the successful completion of
relevant projects, the time period required for the closing for project
implementation and the punctual operation of Party A's engineering trains and
commuter buses.

     4.3 The fees for the main line repair and maintenance services with
large-sized track maintenance machinery to be provided by Party A to Party B
shall be equal to the complete costs for any given service project x (1+8% rate
of profit).

         For purposes of 2008, the complete costs for track tamping shall be
temporarily deemed as RMB 7,100/kilometer, and for switch tamping, shall be

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temporarily deemed as RMB 7,600/pair; and the complete costs for rail grinding
shall be temporarily deemed as RMB 12,000/kilometer. Party A hereby warrants to
Party B that the rate of service fees applied by Party A against Party B
hereunder shall not be higher than the rate of service fees applied by Party A
against any of Party A's affiliates or any independent third party. Otherwise,
Party B shall have the right to entrust a third party to perform the services to
be provided by Party A hereunder.

     4.4 Party A shall ensure any and all of Party B's lines to which it has
performed repair and maintenance services hereunder must be able to be operated
safely and soundly and free from error. Party A shall compensate Party B for its
direct economic loss arising from Party A's repair and maintenance services or
any accident occurring during Party A's implementation of the service projects
immediately after it is determined that Party A shall be responsible for such
accident.

     4.5 Party B shall be solely responsible for any loss arising from its
failure to comply with the standards required by the relevant quality standards.
Party B shall compensate Party A for any economic loss incurred by Party A due
to Party A's inability to implement a service project, whether in whole or in
part, caused by any reason on the part of Party B.

     4.6 The fees for such services to be provided by Party A to Party B
hereunder as track replacement overhaul for jointless lines, track overhaul
cleaning and other services including overhaul of track bridge equipment shall
be determined by Party A and Party B through consultations by referring to the
standard of fees for such services published by the Ministry of Railway. Where
there is no such a standard of fees available, such fees shall be calculated
according to the following formula:

         Total amount of fees payable = repair and maintenance costs x (1+8%
     rate of profit)

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     4.7 The track replacement overhaul for jointless lines, track overhaul
cleaning and other services including overhaul of track bridge equipment
specified in this Article may also be provided by an entity selected through
bidding based on the actual situation. In case Party A is the winning bidder,
the specific items of services and rate of service fees shall be determined by
Party A and Party B pursuant to the contents of the bidding documents and
conditions for bid winning and shall not be subject to any limit set forth in
Items from 4.1 to 4.6 above.

     4.8 Provisions in this Article 4 shall be equally applicable to Party A's
subsidiaries when they provide the services contemplated under this Article 4.

             ARTICLE 5 CAR REPAIR IN DEPOT AND WHEEL REPAIR SERVICES

     5.1 Party B shall entrust Party A with the performance of the car repair in
depot on Party B's trains in operation on the basis of the actual situation and
its own needs. Such repair services shall include but not be limited to:

          (a)  disassembly, inspection, repair and replacement of
               bogies(including the brake system);

          (b)  inspection and repair of air conditioners, diesel engines and
               power generators;

          (c)  inspection and repair of electrical systems (control cabinets);

          (d)  inspection and repair of car interior furnishings;

          (e)  inspection and maintenance of car exterior furnishings; and

          (f)  inspection and repair of hook and buffer zones (ends).

     5.2 Party A may accept other train repair services not covered in the above
scope of car repair in depot.

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     5.3 Party A shall provide all of the repair and maintenance services to
Party B pursuant to the Procedures for Train Repair in Depot, the Procedures for
Railway Technical Management, the Procedures for Car Inspection and Repair and
documents, rules, drawings, circulars and other materials concerning technical
standards for car repair in depot. Where any car to be repaired in depot is not
of a model fixed by the Ministry of Railway, Party B shall provide Party A with
complete technical materials concerning such car prior to the commencement of
the repair.

     5.4 Party A shall conduct a self-test of the cars repaired by it in depot
after having completed all of the required repair services, and will not deliver
the same to Party B for test and acceptance until after having verified that the
quality of each of the parts on the cars so repaired meet the relevant
standards. Party A's technical materials for and conclusions on quality re-test
of the cars repaired by Party A in depot shall be complete and accurate and be
promptly delivered to Party B for operational analysis and appraisal.

     5.5 The rate of fees payable to Party A for car repair in depot performed
by Party A shall be determined by Party A and Party B through consultations on
the basis of the actual conditions of the cars to be repaired, the specific
items of services performed during car repair in depot and the degree of
difficulty of the repair services and by referring to the standard of fees for
repair in depot of trains in operation. Where for any item of repair in depot
there is no such a standard of fees, the fees for such item of repair in depot
shall be calculated according to the following formula:

         Total amount of fees payable = repair and maintenance costs x (1+8%
rate of profit)

     5.6 After having completed the car repair in depot entrusted to it by Party
B, Party A will request Party B to settle the bills for the fees therefor on the
basis of the price mutually agreed between them. Party B shall pay such fees
within 10 days as of its receipt of, and verification of the correctness of, the
bills for such fees submitted by Party A.

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     5.7 Party A shall ensure any and all of Party B's trains to which it has
performed car repair in depot hereunder must be able to be operated safely and
soundly and free from latent quality defect. In case Party A fails to perform
any car repair in depot in compliance with the standards required by the quality
standards for car repair in depot, Party A shall repay the fees paid to it for
such car repair in depot or re-perform the car repair in depot till the quality
of the cars repaired by it reach the relevant quality standards. Party B shall
compensate Party A for any economic loss incurred by Party A due to Party A's
inability to punctually complete the car repair in depot or any adverse impact
on the car repair depot, caused by any reason on the part of Party B.

     5.8 The car repair in depot specified in this Article may also be performed
by an entity selected through bidding based on the actual situation. In case
Party A is the winning bidder, the specific items of services and rate of
service fees shall be determined by Party A and Party B pursuant to the contents
of the bidding documents and conditions for bid winning and shall not be subject
to any limit set forth in Items from 5.1 to 5.7 above.

     5.9 Provisions in this Article 5 shall be equally applicable to Party A's
subsidiaries when they provide the services contemplated under this Article 5.

     5.10 The train wheel factory subordinate to Party B may provide wheel
repair services to Party A or any of Party A's subsidiaries at the request
thereof and the fees for such services shall be equal to repair service costs x
(1+8% rate of profit).

                 ARTICLE 6 RAILWAY MATERIALS PROCUREMENT AGENCY

     6.1 In case Party B entrusts Party A with the procurement of portion of the
railway materials, the quantity and categories of such railway material shall be
set forth in a list provided to Party A by Party B and shall not become valid
until after being confirmed

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by both parties.

     6.2 The quality of any of the materials procured by Party A on behalf of
Party B must be good and reach the standards set by the State, the relevant
ministry or relevant enterprises.

     6.3 In the course of the arrangement for the procurement of materials for
Party B, Party A shall select sources for such materials at the preferential
price and conditions offered by Party A to other relevant railway entities and
the price of any materials supplied to Party B may not be higher than the price
of such materials offered to any of Party A's subsidiaries, controlled entities
or any independent third parties under the same conditions.

     6.4 The specific schedule and terms of the payment of the consideration for
the materials to be procured by Party A shall be determined by Party A and Party
B after consultations subject to the actual situation of the relevant batch of
materials.

     6.5 Subject to the provisions set forth in Clause 6.3, for any materials
procured by Party A for Party B, Party B shall pay service fees to Party A which
shall be equal to a certain percentage of the consideration for such materials.
Such percentage shall be determined as follows depending on the actual category
of the materials procured by Party A for Party B:

          (a)  1.5% of the consideration for the procured materials, in the case
               of the procurement of diesel, steel rails, tires, axles, steel
               grinding wheels, lubricating oil (fat) for use for special
               purposes;

          (b)  5% of the consideration for the procured materials, in the case
               of the procurement of any category of materials other than the
               categories as listed in (a) above.

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         Such service fees shall be settled by the quarter and paid to Party A
by Party B in the amount as confirmed by Party A and Party B within 15 days as
of the beginning of the forthcoming quarter.

     6.6 Provisions in this Article 6 shall be equally applicable to Party A's
subsidiaries when they provide the services contemplated under this Article 6.

         ARTICLE 7 SETTLEMENT SERVICES BY THE RAILWAY SETTLEMENT CENTER

     7.1 In order to increase Party B's capital gains and reduce settlement fees
and financing costs, Party B hereby agrees that the Guangzhou Railway Settlement
Center under the management of Party A shall provide the relevant settlement
services to Party B, which shall cover:

          (a)  accounts settlement between Party B and Party A and any other
               enterprises subordinate to the Ministry of Railway;

          (b)  the provision of necessary assistance and convenience to Party B
               in its depositing of fixed-term and current deposits according to
               the negotiated preferential deposit interest agreed between
               Guangzhou Railway Settlement Center and banks; and

          (c)  the provision of financing conditions to Party B in accordance
               with the rules of Guangzhou Railway Settlement Center for
               allocation of internal funds.

     7.2 Party A hereby undertakes to Party B that Guangzhou Railway Settlement
Center under its management shall:

          (a)  ensure the safety and intactness of Party B's funds in its
               accounts opened with Guanghzhou Railway Settlement Center;

          (b)  accounts settlement between Party B and Party A and any other
               enterprise

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               subordinate to the Ministry of Railway shall be conducted in
               accordance with the relevant rules of the Ministry of Railway.
               With respect to any settlement service that is not expressly
               stipulated by the Ministry of Railway, Party B shall not be
               charged any settlement service fees therefor. With respect to any
               settlement service that falls into the category of paid services,
               the rate of fees charged therefor shall not be higher than the
               rate of fees for the same category of services applied by banks;

          (c)  the rate of interest on Party B's current and fixed-term deposits
               placed in the cooperative bank under Guangzhou Railway Settlement
               Center shall be no lower than the deposit interest rate for the
               same period as published by the People's Bank of China.

          (d)  In the case of any allocated funds obtained by Party B through
               the internally allocated funds Guangzhou Railway Settlement
               Center, the rate of fees for the occupancy of such allocated
               funds payable by Party B may not be higher than the loan interest
               rate for the same period as published by the People's Bank of
               China.

         ARTICLE 8 HYGIENIC AND ANTI-EPIDEMIC AND CONVALESCENCE SERVICES

     8.1 Party A hereby agrees to provide Party B, its employees and their
family members with planned immunization, occupational disease prevention and
treatment, environmental monitoring, disease control, recuperation and
convalescence as well as other related services through its disease control
centers, hygienic supervision institutions, convalescence and recuperation
houses and other related entities. Party A must ensure that it shall:

          (a)  make arrangements for Party B's employees and their family
               members to

                                       20
<PAGE>

               enjoy timely convalescences and recuperation;

          (b)  put diseases under strict control and provide technical hygienic
               services in a timely manner;

          (c)  monitor various hygienic practices, environmental protection, and
               prevention and treatment of occupational diseases and
               tuberculosis in accordance with law to make sure that all of such
               work is performed strictly in compliance with relevant laws and
               regulations; and

          (d)  give health education to Party B's employees.

     8.2 Party B agrees to pay Party A's disease control centers and hygiene
monitoring stations the fees incurred by Party A in Party A's provision of the
hygienic and anti-epidemic services to Party B.

         The fees incurred by Party A in its provision of the convalescence and
recuperation services to Party B shall be calculated according to the following
formula:

         Fees payable by Party B for any given year for the convalescence and
recuperation services = actual expenses incurred by Party A's convalescence and
recuperation houses / number of persons convalescing or recuperating therein x
number of Party B's personnel convalescing or recuperating therein (including
the number of Party B's personnel convalescing or recuperating in the
convalescence or recuperation houses of other railway administrations as an
exchange).

     8.3 Should Party B suffer an unexpected accident or natural disaster and
need relevant departments under Party A or any of Party A's subsidiaries to
provide additional hygienic and anti-epidemic services, Party A or such Party
A's subsidiary as the case may be, shall actively provide such services. Party B
shall pay Party A or such Party A's subsidiary, as the case may be, the fees for
such services at the amount actually incurred.

                                       21
<PAGE>

                  ARTICLE 9 LIABILITIES FOR BREACH OF CONTRACT

     9.1 Both parties shall perform their respective obligations hereunder
voluntarily and in good faith. Should this Agreement be rendered unable to be
performed either in whole or in part due to any breach of either party, the
breaching party shall assume the liabilities for such breach. Should both
parties breach this Agreement, each of the parties shall assume its respective
liabilities in proportion to its own fault; provided that, the assumption of the
liabilities for breach of contract shall not prejudice the right of the
non-breaching party to request the breaching party to continue to perform its
obligations.

     9.2 In the event that any of Party A's subsidiaries commits a breach in the
performance of any of the obligations under this Agreement or any other legal
document executed pursuant to the principles established herein, such Party A's
subsidiary shall assume its respective liabilities for such breach and Party A
shall assume joint liabilities therefor.

     9.3 In case either party breaches any of its obligations hereunder and
causes any economic loss to the other party, the other party (including the
relevant Party A's subsidiaries) shall have the right to request the breaching
party to remedify the breach within a specified time limit, continue to perform
this Agreement or make compensation for various losses, and may rescind any
relevant portion of this Agreement or this Agreement in whole when necessary,
except when such breach is caused by a force majeure event.

     9.4 For any fees payable by Party B to Party A or any of Party A's
subsidiaries hereunder, invoices or receipts shall be issued to Party B in
accordance with PRC tax laws or other relevant laws or regulations. Party A or
any of Party A's subsidiaries shall fully indemnify Party B against any loss
arising from any penalty imposed upon or any claim brought against Party B due
to the violation by Party A or such Party A's subsidiary of any

                                       22
<PAGE>

relevant stipulations.

                       ARTICLE 10 MISCELLANEOUS PROVISIONS

     10.1 This Agreement shall come into effect upon:

          (a)  execution and affixture with the company seals by the legal
               representative or authorized representatives of both parties; and

          (b)  Party B's completion of the resolution procedures for affiliated
               transactions, receipt of the approval to this Agreement from its
               independent shareholders or the exemption from Hong Kong Stock
               Exchange to the affiliated transactions involved herein in
               accordance with Party B's Articles of Association and the Listing
               Rules of the Hong Kong Stock Exchange.

     10.2 As from January 1, 2008, any prior agreements or arrangements entered
into by and between Party A and Party B with respect to the Comprehensive
Services, including but not limited to the comprehensive services agreements
dated November 15, 2004 and January 13, 2006, respectively, shall terminate.

     10.3 Provisions of this Agreement may be amended by the parties hereto
after consultations if required by the changes to the actual circumstances,
provided that such amendment shall be made in writing. Neither Party A nor Party
B may add any provision to, delete any provision from or otherwise amendment
this Agreement, unless by mutual agreement between them in writing.

     10.4 Headings used herein are inserted only for purpose of convenience and
shall not impair the meaning of this Agreement or any provision herein.

     10.5 Any documents referred to herein shall be incorporated into this
Agreement by such reference.

                                       23
<PAGE>

     10.6 In the event that either Party A or Party B intends to assign an of
its rights or obligations hereunder to any of its wholly-owned or controlled
subsidiaries or other controlled entities or companies, it shall notify the
other party thereof, and the party who makes such assignment shall assume joint
liabilities for the performance of this Agreement by the assignee. Except in
such case, neither Party A nor Party B may assign any of its interests hereunder
to any third party without prior written consent from the other party.

     10.7 The execution, effect, interpretation, performance of, and resolution
of any dispute arising from, this Agreement shall be governed and protected by
the laws of the People's Republic of China. Any dispute arising from the
performance of this Agreement shall be resolved between the parties through
consultations. Should any dispute fail to be resolved through such
consultations, such dispute shall be submitted to any competent court for
resolution.

     10.8 This Agreement shall be a framework agreement between Party A and
Party B in respect of the matters regarding the Comprehensive Services. Party B
may on the principles established herein and on a case-by-case basis execute a
supplementary agreement with Party A or any of Party A's subsidiaries with
respect to any specific items of services; provided that, such supplementary
agreements may not materially conflict with this Agreement in respect of the
major provisions and Party B shall perform its obligations for the disclosure of
such supplementary agreements and obtain the required exemption in accordance
with the provisions of the regulatory authorities in the jurisdictions in which
Party B's securities are listed. Such supplementary agreements shall constitute
an integral part of this Agreement and shall have the equal legal effect as this
Agreement.

     10.9 For purposes of this Agreement, "day" shall refer to a business day.

                                       24
<PAGE>

     10.10 This Agreement shall be executed in four counterparts with equal
legal force, with each of Party A and Party B to hold two.

                                       25
<PAGE>
PARTY A: GUANGZHOU RAILWAY (GROUP) COMPANY (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------

PARTY B: GUANGSHEN RAILWAY COMPANY LIMITED (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------
                                       26
<PAGE>

                        COMPREHENSIVE SERVICES AGREEMENT

                                 BY AND BETWEEN

   GUANGZHOU RAILWAY (GROUP) GUANGSHEN RAILWAY ENTERPRISE DEVELOPMENT COMPANY

                                       AND

                        GUANGSHEN RAILWAY COMPANY LIMITED

                          DATED AS OF NOVEMBER 5, 2007

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<S>          <C>                                                             <C>
Article 1    Scope of the Comprehensive Services.............................3

Article 2    Representations and Warranties..................................4

Article 3    Security Services...............................................5

Article 4    Other Services..................................................6

Article 5    Service Fees....................................................7

Article 6    Liabilities for Breach of Contract..............................8

Article 7    Miscellaneous Provisions........................................9
</TABLE>

                                       2
<PAGE>

     This Comprehensive Services Agreement (this "Agreement") is entered into by
and between:

     (1)  GUANGZHOU RAILWAY (GROUP) GUANGSHEN RAILWAY ENTERPRISE DEVELOPMENT
          COMPANY ("Party A")

          Legal address: No. 1048 Heping Road, Guangzhou; and

     (2)  GUANGSHEN RAILWAY COMPANY LIMITED ("Party B")

          Legal address: No. 1052 Heping Road, Shenzhen

     In order to ensure the normal operation of the transportation business by
Party B, Party A and Party B, in accordance with the Contract Law of the
People's Republic of China (the "PRC") and other relevant PRC laws and
regulations and after consultations based on the principle of equality and free
will, hereby reach the following agreement regarding Party A's provision of the
Comprehensive Services to Party B:

                 ARTICLE 1 SCOPE OF THE COMPREHENSIVE SERVICES

     1.1 For purposes of this Agreement, Party A's subsidiaries shall include
any enterprise that is wholly-owned, equity invested or controlled by Party A
and has confirmed in writing that it is willing to be bound by this Agreement
within the term of this Agreement.

     1.2 The comprehensive services that Party A and Party A's subsidiaries
desire to provide to Party B and Party B desires to accept hereunder shall
include security services, property management, buildings maintenance and
repair, and any other services that are consistent with the purposes of this
Agreement (hereinafter collectively referred to as the "Comprehensive
Services"). The property management services shall include the management of the
dormitories and apartments for the employees and their family members.

                                       3
<PAGE>

                    ARTICLE 2 REPRESENTATIONS AND WARRANTIES

     2.1 Party A hereby represents and warrants to Party B as follows:

          2.1.1 Party A shall, and shall cause Party A's subsidiaries to,
                provide the Comprehensive Services to Party B pursuant to the
                provisions contained herein.

          2.1.2 Unless otherwise provided herein, Party A shall have complete
                and unrestricted ownership, control and management rights to
                Party A's subsidiaries and that such rights, control and
                management as well as the business scope, quality and quantity
                of Party A's subsidiaries shall not be reduced during the term
                hereof.

          2.1.3 The quality, quantity and contents of any Comprehensive Services
                to be provided hereunder shall not be inferior to the level of
                the same type of services provided by Party A and Party A's
                subsidiaries within their own organization prior to January 1,
                2008, or provided to any third party by Party A and Party A's
                subsidiaries since January 1, 2008.

          2.1.4 In the provision of the Comprehensive Services hereunder, each
                of Party A and Party A's subsidiaries may not discriminate
                against Party B or deliberately make things difficult for
                Party B to do or otherwise unfairly treat Party B, and shall
                provide the Comprehensive Services to Party B as a top priority
                and at the most competitive quality and price if practicable.

          2.1.5 All fees received by Party A and Party A's subsidiaries from
                Party B as specified herein for the Comprehensive Services
                provided hereunder shall not be used for any purpose other than
                the benefit of the entities

                                       4
<PAGE>

                that have actually provided the Comprehensive Services
                hereunder.

     2.2 Party B hereby represents and warrants to Party A as follows:

          2.1.1 Party B shall pay Party A and Party A's subsidiaries the agreed
                fees for the Comprehensive Services provided by them hereunder.

          2.2.2 Subject to any contrary provisions herein, any and all of the
                service fees payable by Party B for each year shall be prepaid
                by Party B to Party A or Party A's subsidiaries, as the case may
                be, on a monthly basis and settled on a quarterly basis. The
                service fees for each month shall be prepaid to an account
                designated by Party A or Party A's subsidiaries within the first
                five days (which shall be extended accordingly if any holiday
                falls within such five days) of such month. Where any portion of
                any amount of the service fees becomes overdue, delay payment
                interest shall accrue thereon at a rate of 0.03% for each day of
                delay.

     2.3 With respect to the service fees payable to Party B by Party A or any
of Party A's subsidiaries for Party B's provision of any services to them, Party
A and Party A's subsidiaries shall make the same representations and warranties
to Party B as those made by Party B in Section 2.2.

                           ARTICLE 3 SECURITY SERVICES

     3.1 Party A agrees to provide Party B with security services through its
competent departments, including but not limited to the duty of guarding the
passenger and freight transportation and the railway stations during Party B's
daily operation and spring-festival operation, maintaining the public order and
security when passengers buy tickets, board or get off trains, enter or leave
railway stations and when owners of goods

                                       5
<PAGE>

receive, consign or transport the goods, following up and investigating and
handling such offenses as striking trains with stones, placing obstacles on
tracks and stealing railway materials, assisting Party B in handling such
disasters and accidents as railway-related physical injury or death and traffic
accidents caused by motor vehicles, supervising railway fire-fighting work and
preventing fire and explosion.

     3.2 Party A shall ensure and procure that the above-mentioned competent
departments under Party A will perform the services set forth in 3.1 above for
Party B with due care and diligence to fairly and justly protect Party B's legal
interests.

                            ARTICLE 4 OTHER SERVICES

     4.1 Party B will entrust Party A or its competent subsidiaries to provide
property management services to the dormitories and apartments for the employees
and their family members. Such services include but not limited to repair and
management of apartments, supply of water and electricity, gardening, hygiene,
prevention of fire and burglary, illumination of roads and other public areas.

     4.2 The real estate management service provided by Party A or its competent
subsidiaries to the employees of Party B shall be of no lower standards as the
services that Party A provides to the employees of GRGC and its subsidiaries.
Such services that Party A provides to the employees of Party B and GRGC shall
be of the same services fees, same service standards, same chance and price for
buying housing.

     4.3 Party B will, as the case may be, entrust Party A or its competent
subsidiaries to repair service for Party B's buildings. Such service must
conform to the standards of the State or the industry and the technological and
quality requirements of Party B.

     4.4 Where Party B will lease property from Party A or its subsidiaries,

                                       6
<PAGE>

separate lease agreement shall be reached and the rent shall not higher than the
market price or the price that Party A or its subsidiaries lease to third
parties.

                             ARTICLE 5 SERVICE FEES

     5.1 The service fees in connection with the services rendered by Party A or
its subsidiaries under Article 3 and Article 4 herein shall be calculated based
on the actual cost and expenses of the service plus a premium of 8%. The Parties
predict that the services fees in the years of 2008 through 2010 will increase
2% annually based on the estimated service fees of RMB124.4 million in 2007.

     5.2 Where all or part of the service fees shall be settled by Party A or
its appointed subsidiaries, Party A or its appointed subsidiaries shall be
responsible for the internal allocation and settlement. Party B shall in no case
be liable directly or indirectly for any disputes arising in the internal
allocation and settlement of such service fees.

     5.3 Where the scope of services has been changed, the parties shall adjust
the standard of fees for the relevant services and the basis for the settlement
according to the principles set forth in this agreement.

     5.4 References to each of "expenses" or "costs" shall mean the pre-tax
amount, each of which shall be equal to the "expenses" or "costs" set forth in
the audited financial statements plus the taxes and charges payable by the
service provider for the service fees received by it. Such taxes and charges
shall include business tax at a rate of 5%, urban construction tax at a rate of
1%, education surcharge at a rate of 3%.

     5.5 Subject to a 30-day's prior notice to Party A or any of Party A's
subsidiaries, as the case may be, Party B may in conjunction with Party A or
such Party A's subsidiary, retain an accounting firm to audit the said costs and
expenses, and the result of such audit shall be the basis for bill settlement.

                                       7
<PAGE>

                  ARTICLE 6 LIABILITIES FOR BREACH OF CONTRACT

     6.1 Both parties shall perform their respective obligations hereunder
voluntarily and in good faith. Should this Agreement be rendered unable to be
performed either in whole or in part due to any breach of either party, the
breaching party shall assume the liabilities for such breach. Should both
parties breach this Agreement, each of the parties shall assume its respective
liabilities in proportion to its own fault; provided that, the assumption of the
liabilities for breach of contract shall not prejudice the right of the
non-breaching party to request the breaching party to continue to perform its
obligations.

     6.2 In the event that any of Party A's subsidiaries commits a breach in the
performance of any of the obligations under this Agreement or any other legal
document executed pursuant to the principles established herein, such Party A's
subsidiary shall assume its respective liabilities for such breach and Party A
shall assume joint liabilities therefor.

     6.3 In case either party breaches any of its obligations hereunder and
causes any economic loss to the other party, the other party (including the
relevant Party A's subsidiaries) shall have the right to request the breaching
party to remedify the breach within a specified time limit, continue to perform
this Agreement or make compensation for various losses, and may rescind any
relevant portion of this Agreement or this Agreement in whole when necessary,
except when such breach is caused by a force majeure event.

     6.4 For any service fees payable by Party B to Party A or any of Party A's
subsidiaries hereunder, invoices or receipts shall be issued to Party B in
accordance with PRC tax laws or other relevant laws or regulations. Party A or
any of Party A's subsidiaries shall fully indemnify Party B against any loss
arising from any penalty

                                       8
<PAGE>

imposed upon or any claim brought against Party B due to the violation by Party
A or such Party A's subsidiary of any relevant stipulations.

                       ARTICLE 7 MISCELLANEOUS PROVISIONS

     7.1 This Agreement shall come into effect upon:

          7.1.1 execution and affixture with the company seals by the legal
          representative or authorized representatives of both parties; and

          7.1.2 Party B's completion of the resolution procedures for affiliated
          transactions, receipt of the approval to this Agreement from its
          independent shareholders or the exemption from Hong Kong Stock
          Exchange to the affiliated transactions involved herein in accordance
          with Party B's Articles of Association and the Listing Rules of the
          Hong Kong Stock Exchange.

     7.2 As from January 1, 2008, any prior agreements or arrangements entered
into by and between Party A and Party B with respect to the Comprehensive
Services, including but not limited to the Comprehensive Services Agreement
dated November 15, 2004, and the Supplemental Agreement signed on April 19, 2007
shall terminate.

     7.3 Headings used herein are inserted only for purpose of convenience and
shall not impair the meaning of this Agreement or any provision herein.

     7.4 Neither Party A (including each of Party A's subsidiaries) nor Party B
may assign any of its interests hereunder to any third party without prior
written consent from the other party. For purposes of this Article, none of
Party A's subsidiaries and the companies and entities managed or controlled by
Party B shall be considered a "third party".

     7.5 This Agreement shall be binding upon the permitted assignees of Party
A, Party A's subsidiaries and Party B and the successors of the rights and
obligations of each

                                       9
<PAGE>

of Party A, Party A's subsidiaries and Party B resulting from the division,
consolidation or any other kind of legal person change of each of Party A, Party
A's subsidiaries and Party B.

     7.6 The execution, effect, interpretation, performance of, and resolution
of any dispute arising from, this Agreement shall be governed and protected by
the laws of the PRC. Any dispute arising from the performance of this Agreement
shall be resolved between the parties through consultations. Should any dispute
fail to be resolved through such consultations, such dispute shall be submitted
to any competent court for resolution.

     7.7 Where after the effectiveness of this Agreement, the economic interests
of either Party A or Party B are materially adversely affected by the enactment
of any new law, regulation or order, or any amendment made to any existing law,
regulation or order, or any new interpretation of any existing law, regulation
or order, or any material modification or change of any policies of the State or
of the operation and management or the deployment of the transportation
activities of the Ministry of Railway or of the transportation industry of the
PRC, Party A and Party B shall immediately negotiate with each other for any
necessary amendment to this Agreement to ensure that each party will receive the
originally intended benefits hereunder. Where either party's interests are still
subject to substantial damage even after such amendment to this Agreement, this
Agreement or any legal document executed pursuant to the principles established
herein may be terminated by agreement between relevant parties after
consultations.

     7.8 This agreement is a master agreement. Party B may execute a
supplementary agreement with Party A or any of Party A's subsidiaries with
respect to the specifications, contents, fees and standards of any specific
items of services on a case-by-case basis. Such supplementary agreements shall
constitute an integral part of this Agreement and shall have the equal legal
effect as this Agreement. In case of any discrepancy between

                                       10
<PAGE>

any of such supplementary agreements and this Agreement, this Agreement shall
prevail, unless expressly provided otherwise in such supplementary agreement.

     7.9 This Agreement shall be valid for three years commencing from January
1, 2008.

                                       11
<PAGE>

PARTY A:   (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------

PARTY B:   (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------
                                       12
<PAGE>
                        COMPREHENSIVE SERVICES AGREEMENT

                                 BY AND BETWEEN

    GUANGZHOU RAILWAY GROUP YANGCHENG RAILWAY ENTERPRISE DEVELOPMENT COMPANY

                                       AND

                        GUANGSHEN RAILWAY COMPANY LIMITED

                          DATED AS OF NOVEMBER 5, 2007

<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<S>          <C>                                                             <C>
Article 1    Scope of the Comprehensive Services.............................3

Article 2    Representations and Warranties..................................4

Article 3    Security Services...............................................6

Article 4    Hygienic and Anti-Epidemic Services.............................6

Article 5    Nursery and Kindergarten Services...............................7

Article 6    Contracted Train Conductor Services.............................8

Article 7    Other Services.................................................11

Article 8    Standard for Settlement of Service Fees........................13

Article 9    Liabilities for Breach of Contract.............................15

Article 10   Miscellaneous Provisions..000..................................16
</TABLE>

                                       2
<PAGE>
     This Comprehensive Services Agreement (this "Agreement") is entered into
this fifth day of November, 2007 in Luohu District, Shenzhen by and between:

     (1)  GUANGZHOU RAILWAY GROUP YANGCHENG RAILWAY ENTERPRISE DEVELOPMENT
          COMPANY ("Party A")

          Legal address: No. 28 Baiyun Road, Guangzhou; and

     (2)  GUANGSHEN RAILWAY COMPANY LIMITED ("Party B")

          Legal address: No. 1052 Heping Road, Shenzhen

     Whereas:

     (1)  Party A is a comprehensive rail services provider duly existing with
          the independent legal person capacity after its rail transportation
          assets and business are purchased by Party B, and has the requisite
          power for contract performance; and

     (2)  Party B is a rail transportation operator and intends to retain Party
          A to provide it with various kinds of services related to Party B's
          business after its acquisition of Party A's rail transportation assets
          and business.

NOW THEREFORE, in accordance with the Contract Law of the People's Republic of
China (the "PRC") and other relevant PRC laws and regulations, Party A and Party
B, after consultations and by adhering to the principle of equality and free
will, hereby reach the following agreements regarding the provision of the
relevant comprehensive services:

                  ARTICLE 1 SCOPE OF THE COMPREHENSIVE SERVICES

     1.1 For purposes of this Agreement, Party A's subsidiaries shall include
any enterprise that is wholly-owned, equity invested or controlled by Party A
and has
                                       3

<PAGE>
confirmed in writing that it is willing to be bound by this Agreement within the
term of this Agreement.

     1.2 The comprehensive services that Party A and Party A's subsidiaries
desire to provide to Party B and Party B desires to accept hereunder shall
include security services, hygienic and anti-epidemic services, nursery and
kindergarten services, property management, buildings maintenance and repair,
and any other services that are consistent with the purposes of this Agreement
(hereinafter collectively referred to as the "Comprehensive Services"). The
property management services shall include the management of the dormitories and
apartments for the employees and their family members.

                    ARTICLE 2 REPRESENTATIONS AND WARRANTIES

     2.1  Party A hereby represents and warrants to Party B as follows:

          2.1.1 Party A shall, and shall cause Party A's subsidiaries to,
                provide the Comprehensive Services to Party B pursuant to the
                provisions contained herein.

          2.1.2 Unless otherwise provided herein, Party A shall have complete
                and unrestricted ownership, control and management rights to
                Party A's subsidiaries and that such rights, control and
                management shall not be reduced during the term hereof.

          2.1.3 The quality, quantity and contents of any Comprehensive Services
                to be provided hereunder shall not be inferior to the level of
                the same type of services provided by Party A and Party A's
                subsidiaries within their own organization prior to January 1,
                2008, or provided to any third party by Party A and Party A's
                subsidiaries since January 1, 2008.

                                       4
<PAGE>
          2.1.4 In the provision of the Comprehensive Services hereunder, each
                of Party A and Party A's subsidiaries may not discriminate
                against Party B or deliberately make things difficult for Party
                B to do or otherwise unfairly treat Party B, and shall provide
                the Comprehensive Services to Party B as a top priority and at
                the most competitive quality and price if practicable.

          2.1.5 All fees received by Party A and Party A's subsidiaries from
                Party B as specified herein for the Comprehensive Services
                provided hereunder shall not be used for any purpose other than
                the benefit of the entities that have actually provided the
                Comprehensive Services hereunder.

     2.2  Party B hereby represents and warrants to Party A as follows:

          2.2.1 Party B shall pay Party A and Party A's subsidiaries the agreed
                fees for the Comprehensive Services provided by them hereunder.

          2.2.2 Subject to any contrary provisions herein, any and all of the
                service fees payable by Party B for each year shall be prepaid
                by Party B to Party A or Party A's subsidiaries, as the case may
                be, on a monthly basis and settled on a quarterly basis. The
                service fees for each month shall be prepaid to an account
                designated by Party A or Party A's subsidiaries within the first
                five days (which shall be extended accordingly if any holiday
                falls within such five days) of such month. Where any portion of
                any amount of the service fees becomes overdue, delay payment
                interest shall accrue thereon at a rate of 0.03% for each day
                of delay.

     2.3 With respect to the service fees payable to Party B by Party A or any
of Party A's subsidiaries for Party B's provision of any services to them, Party
A and Party A's

                                       5
<PAGE>
subsidiaries shall make the same representations and warranties to Party B as
those made by Party B in Section 2.2.

                           ARTICLE 3 SECURITY SERVICES

     3.1 Party A agrees to provide Party B with security services through its
competent departments, including but not limited to the duty of guarding railway
stations and trains during Party B's daily operation and spring-festival
operation, maintaining the public order and security when passengers buy
tickets, board or get off trains, enter or leave railway stations and when
owners of goods receive, consign or transport the goods, following up and
investigating and handling such offenses as striking trains with stones, placing
obstacles on tracks and stealing railway materials, assisting Party B in
handling such disasters and accidents as railway-related physical injury or
death and traffic accidents caused by motor vehicles, supervising railway
fire-fighting work and preventing fire and explosion.

     3.2 Party A shall ensure and procure that the above-mentioned competent
departments under Party A will perform the services set forth in 3.1 above for
Party B with due care and diligence to fairly and justly protect Party B's legal
interests.

                  ARTICLE 4 HYGIENIC AND ANTI-EPIDEMIC SERVICES

     4.1 Party A hereby agrees to through its hygienic and anti-epidemic
institutions, provide Party B, its employees and their family members with
planned immunization, occupational disease prevention and treatment,
environmental monitoring, disease control, recuperation and convalescence as
well as other related services . Party A must ensure that it shall:

          (a)  put diseases under strict control and provide technical hygienic
               services in a timely manner;

                                       6
<PAGE>
          (b)  monitor various hygienic practices, environmental protection, and
               prevention and treatment of occupational diseases and
               tuberculosis in accordance with law to make sure that all of such
               work is performed strictly in compliance with relevant laws and
               regulations; and

          (c)  give health education to Party B's employees.

     4.2 Should Party B suffer an unexpected accident or natural disaster and
need relevant departments under Party A or any of Party A's subsidiaries to
provide additional hygienic and anti-epidemic services, Party A or such Party
A's subsidiary as the case may be, shall actively provide such services and
Party B shall pay Party A or such Party A's subsidiary, as the case may be, the
fees for such services at the amount actually incurred.

                   ARTICLE 5 NURSERY AND KINDERGARTEN SERVICES

     5.1 Party A agrees to provide Party B's employees with nursery and
kindergarten services through its own nurseries and kindergartens and ensure
that:

          (a)  children of Party B's employees can go to the nurseries and
               kindergartens as close to them as possible;

          (b)  quality of education and facilities in Party A's nurseries and
               kindergartens shall be no inferior than that in the other local
               nurseries and kindergartens of the same level; and

          (c)  children of Party B's employees can enjoy the equal treatment in
               Party A's nurseries and kindergartens as other children therein.

5.2 Any and all other miscellaneous expenses charged by nurseries and
kindergartens against certain children therein for personal purposes in
accordance with relevant local regulations shall be paid by Party B's individual
employees whose children enter nurseries or kindergartens. Party A shall not
charge Party B's employees any kind of so-called

                                       7
<PAGE>
"education development fees" or any other fees of the same nature or for the
same purpose.

                  ARTICLE 6 CONTRACTED TRAIN CONDUCTOR SERVICES

     6.1 Party B agrees that Party A's subsidiary companies, Yangcheng Railway
International Travel Service Co., Ltd. ("YCRITS") and Shaoguan Labor Service
Company ("SGLS"), shall contract to provide train conductor services to portion
of the passenger trains operated by Party B. The specific train runs contracted
to YCRITS and SGLS shall be determined by and between such Party B and YCRITS
and SGLS on a case-by-case basis.

     6.2 The scope of the conductor services contracted to YCRITS and SGLS shall
include but not limited to the sale of tickets for, and operation of buffet
business and sale of train commodities related to the relevant contracted
passenger train runs.

     6.3 Revenues received by YCRITS and SGLS from their sale and make-up sale
of tickets for the relevant contracted passenger train runs shall be vested in
Party B; revenues received by YCRITS and SGLS from their sale of commodities and
operation of buffet business on trains shall be vested in YCRITS and SGLS. The
expenses for the use and maintenance and repair of the contracted trains and the
train expenses stipulated by the Ministry of Railway for such trains shall be
paid by Party B. The train conductor services for the contracted trains shall be
performed by YCRITS and SGLS and the salary of the conductors and any and all of
the expenses incurred in the provision of the contracted conductor services for
the contracted trains shall be paid by YCRITS and SGLS; provided that,
liabilities for bodily injury or death of any passenger on any of the contracted
trains not attributable to YCRITS or SGLS, shall be assumed by Party B.

     6.4 Party A hereby warrants that it will cause YCRITS and SGLS to achieve
their respective contracted ticket sales revenue targets on the basis of safe
transportation and

                                       8
<PAGE>

observance of railway code of ethics. The contracted ticket sales revenue
targets shall be determined by Party B and YCRITS and SGLS subject to mutual
agreement on the basis of the specific train runs contracted to YCRITS and SGLS.
In case the actual ticket sales revenues made by YCRITS or SGLS exceed its
respective contracted ticket sales revenue target, the payment to YCRITS or SGLS
for its provision of the contracted conductor services hereunder shall be
increased in proportion to the amount of the actual ticket sales revenue made by
it in excess of its respective ticket sales revenue target. On the contrary, in
case the actual ticket sales revenues made by YCRITS or SGLS fail to reach its
respective contracted ticket sales revenue target, the payment to YCRITS or SGLS
for its provision of the contracted conductor services hereunder shall be
reduced in proportion to the difference between the actual ticket sales revenue
made by it and its respective ticket sales revenue target. In case a force
majeure event occurs during the term of the operation by YCRITS and SGLS of the
contracted conductor services and the ticket sales revenues for the contracted
trains are materially and adversely affected thereby, the ticket sales revenue
targets may be reviewed and re-determined by and between Party B and YCRITS and
SGLS subject to mutual agreement between them after consultations.

     6.5 For the contracted conductor services and related train services
provided by YCRITS and SGLS, each of YCRITS and SGLS shall receive from Party B
service fees and a share of the revenue from the make-up sale of tickets. The
fees for the provision of the conductor services and related services contracted
to YCRITS and SGLS hereunder shall be calculated on the basis of the conductor
services/1000 train-kilometer (excluding the power generation cars), and shall
be RMB 800/1000 train-kilometer for each passenger train conductor for the
air-conditioned cars and RMB 400/1000 train-kilometer for each passenger train
conductor for the non-air-conditioned cars. YCRITS and SGLS shall each be
entitled to receive 15-30% of the revenue from its make-up sale of tickets as
its share. The above fees shall be settled by the quarter and Party B and
YCRITS and
                                       9
<PAGE>
SGLS shall confirm the settlement amount within 15 days as of the end of each
quarter. Upon confirmation of the settlement amount, Party B shall pay the same
to YCRITS or SGLS (as the case may be) within 10 days as of its receipt of the
formal invoice from YCRITS or SGLS (as the case may be).

     6.6 Fees involved herein shall be settled separately and not included in
the settlement fees set forth in Clause 2.8.

     6.7 YCRITS and SGLS shall have use rights only and not ownership to the
trains contracted to them. Neither of them may sublease or transfer any of the
trains contracted to them, or add or remove any part from any of such trains
without prior written consent from Party B.

     6.8 Neither of YCRITS and SGLS may use any of the trains contracted to them
for illegal operation and the scope of business activities conducted by each of
YCRITS and SGLS may not exceed their respective scope of business set forth on
their business license or the scope of the business contracted to it hereunder.

     6.9 Both YCRITS and SGLS shall protect the facilities of the trains
contracted to them and shall be responsible for maintaining the facilities of
the trains contracted to them safe and intact; provided that YCRITS and SGLS
shall not be held liable if any train is substantially damaged or destroyed due
to the occurrence of a force maejure event. In case any contracted train is
substantially damaged or destroyed due to the occurrence of a force majeure
event, either YCRITS or SGLS (as the case may be) shall promptly notify Party B
thereof. YCRITS or SGLS (as the case may be) shall be liable for any losses
caused by its failure to give such notice.

     6.10 YCRITS and SGLS shall be liable for any transportation safety
accidents/incidents, including, physical injury or death of passengers, fire,
and incidents elating to railway code of ethics occurring to or in any
contracted train and any loss

                                       10
<PAGE>
resulting therefrom during the term of the operation by YCRITS and SGLS of the
contracted business hereunder, unless the Ministry of Railway has determined
that such accident and incident shall not be attributable to YCRITS or SGLS and
has identified the persons liable for such accident and incident. In case of any
such accident or incident, YCRITS and SGLS shall actively assist Party B in
bringing a claim against the persons held liable for therefor.

                            ARTICLE 7 OTHER SERVICES

     7.1 Party B hereby retains Party A and Party A's subsidiaries to provide
property management and related services to Party B's apartments, bachelor
dormitories and other housing, including but not limited to, housing repair,
maintenance and management, and related daily water and electrical power supply,
greening, cleaning, fire-prevention, theft-prevention, road maintenance and
public lighting.

     7.2 The dormitory and apartment property management and related services
provided by Party A and Party A's subsidiaries to Party B's employees shall be
at least of the same level (same management fees, same service standards and
opportunities) as the same services provided by Party B to employees of
Guangzhou Railway (Group) Company and any subsidiaries thereof.

     7.3 Party B may, based on its actual needs, retain Party A and Party A's
subsidiaries to provide it with building repair and maintenance services. Such
repair and maintenance services must comply with the regulatory standards set by
the State or the relevant industry and Party B's own technical and quality
requirements.

     7.4 Party B may execute separate lease contracts with relevant lessors with
respect to the lease of property such as office buildings and residential
buildings to Party B from Party A or any of Party A's subsidiaries; provided
that the rate of rental for such lease shall be no higher than the prevailing
market price or the rate of rental offered to any third

                                       11
<PAGE>
party by Party A or such Party A's subsidiary.

     7.5 Any and all of the house purchase contracts executed by Party A or any
of Party A's subsidiaries with any employees transferred from Party A or such
Party A's subsidiary to Party B as a result of the assets and business
acquisition by Party B, shall be continued to be performed by Party A or such
Party A's subsidiary, including both rights and obligations under such
contracts.

     7.6 Any of the existing land planned for residential building construction
for which Party A or any of Party A's subsidiaries has executed a contract shall
be vested in Party A or such Party A's subsidiary. After the completion of a
building on such land, the building shall first be divided between Party A
(including Party A's subsidiaries) and Party B in proportion to the number of
employees of each party residing in the area where the building is located. Each
of Party A (including Party A's subsidiaries) and Party B shall then allocate
among its own employees the portion of houses in such building distributed to
it. The difference between the expenses required by the construction of such
building and the price for the sale of houses in such building to the employees
of Party A (including Party A's subsidiaries) and Party B pursuant to relevant
regulations of the local government, shall be apportioned between Party A
(including Party A's subsidiaries) and Party B according to the number of houses
distributed to it.

     7.7 To the extent that both the price and quality are appropriate, Party B
will purchase steel crossties from Party A's subsidiary company, Lechang Anjie
Rail Crossties and Tracks Co., Ltd., based on Party B's business needs and such
transactions shall be conducted on the basis of the market price or industrial
guiding price.

     7.8 Any and all of the fees paid to Party A or any of Party A's
subsidiaries pursuant to clauses 7.4, 7.6 or 7.7 shall not be included in the
settlement fees set forth in Clause 2.8 hereinabove.

                                       12
<PAGE>
                ARTICLE 8 STANDARD FOR SETTLEMENT OF SERVICE FEES

     8.1 The rate of fees for hygienic and anti-epidemic services and security
services shall remain unchanged during the term hereof and the settlement base
amount of such fees shall be determined according to the following formula:

          fees for hygienic and anti-epidemic services and security services for
          any given year = {[Party B's converted turnover volume in such given
          year / (arithmetic average of Party B's converted turnover volumes
          during the period from 2005 to 2007)] x 50% + [Party B's operating
          revenue during such given year / (arithmetic average of Party B's
          operating revenues during the period from 2005 to 2007)] x 50%} x
          Party A's expenses for the provision of the hygienic and anti-epidemic
          services and security services in 2007,

          where, the "converted turnover volume" refers to the volume of
          passengers and freight accomplished by Party B calculated on the basis
          of the weight and the mileage of the freight carried by Party B and
          the number and mileage of passengers carried by Party B.

          Party B's converted turnover volume and operating revenues as set
          forth above shall be calculated on the basis of Party B's business
          model after its acquisition of Party A's rail transportation assets
          and business.

     8.2 Fees for nursery and kindergarten services provided to Party B
hereunder shall be calculated according to the following formula:

          fees payable by Party B for nursery and kindergarten services = total
          expenses (costs) incurred by Party A's nurseries and kindergartens /

                                       13
<PAGE>
          number of all of the children therein x number of children of Party
          B's employees therein.

     8.3 Fees payable to Party A for its provision of the property management
and buildings maintenance and repair services shall be equal to the complete
costs of such item of services x (1+8% rate of profit).

     8.4 Where all or any portion of the service fees hereunder are to be
settled with Party A or any of Party A's subsidiaries designated by Party A on a
centralized basis, Party A or such Party A's subsidiary shall handle the
internal allocation and settlement of such service fees all by its own efforts.
In no event, may Party B assume any direct or indirect liability for any dispute
between Party A and any Party A's subsidiary arising from their internal
allocation and settlement of service fees.

     8.5 In case of any change to the above scope of the Comprehensive Services,
both parties agree to determine the rate of fees for any item of services on the
basis of the principles established herein.

     8.6 References to each of "expenses", "complete costs" or "costs" shall
mean the pre-tax amount, each of which shall be equal to the "expenses",
"complete costs", or "costs" set forth in the audited financial statements plus
the taxes and charges payable by the service provider for the service fees
received by it. Such taxes and charges shall include business tax at a rate of
5%, urban construction tax at a rate of 7%, education surcharge at a rate of 3%
and anti-flood dam building charge at a rate of 1.3 0/00.

     8.7 Subject to a 30-day's prior notice to Party A or any of Party A's
subsidiaries, as the case may be, Party B may in conjunction with Party A or
such Party A's subsidiary, retain an accounting firm to audit the said costs,
complete costs and expenses, and the result of such audit shall be the basis for
bill settlement.

                                       14
<PAGE>
                  ARTICLE 9 LIABILITIES FOR BREACH OF CONTRACT

     9.1 Both parties shall perform their respective obligations hereunder
voluntarily and in good faith. Should this Agreement be rendered unable to be
performed either in whole or in part due to any breach of either party, the
breaching party shall assume the liabilities for such breach. Should both
parties breach this Agreement, each of the parties shall assume its respective
liabilities in proportion to its own fault; provided that, the assumption of the
liabilities for breach of contract shall not prejudice the right of the
non-breaching party to request the breaching party to continue to perform its
obligations.

     9.2 In the event that any of Party A's subsidiaries commits a breach in the
performance of any of the obligations under this Agreement or any other legal
document executed pursuant to the principles established herein, such Party A's
subsidiary shall assume its respective liabilities for such breach and Party A
shall assume joint liabilities therefor.

     9.3 In case either party breaches any of its obligations hereunder and
causes any economic loss to the other party, the other party (including the
relevant Party A's subsidiaries) shall have the right to request the breaching
party to remedify the breach within a specified time limit, continue to perform
this Agreement or make compensation for various losses, and may rescind any
relevant portion of this Agreement or this Agreement in whole when necessary,
except when such breach is caused by a force majeure event.

     9.4 For any service fees payable by Party B to Party A or any of Party A's
subsidiaries hereunder, invoices or receipts shall be issued to Party B in
accordance with PRC tax laws or other relevant laws or regulations. Party A or
any of Party A's subsidiaries shall fully indemnify Party B against any loss
arising from any penalty imposed upon or any claim brought against Party B due
to the violation by Party A or such

                                       15
<PAGE>
Party A's subsidiary of any relevant stipulations.

                       ARTICLE 10 MISCELLANEOUS PROVISIONS

10.1 This Agreement shall come into effect upon:

     10.1.1 execution and affixture with the company seals by the legal
            representative or authorized representatives of both parties; and

     10.1.2 Party B's completion of the resolution procedures for affiliated
            transactions, receipt of the approval to this Agreement from its
            independent shareholders or the exemption from Hong Kong Stock
            Exchange to the affiliated transactions involved herein in
            accordance with Party B's Articles of Association and the Listing
            Rules of the Hong Kong Stock Exchange.

     10.2 As from January 1, 2008, any prior agreements or arrangements entered
into by and between Party A and Party B with respect to the Comprehensive
Services, including but not limited to the Comprehensive Services Agreement
dated November 15, 2004, shall terminate.

     10.3 Headings used herein are inserted only for purpose of convenience and
shall not impair the meaning of this Agreement or any provision herein.

     10.4 Neither Party A (including each of Party A's subsidiaries) nor Party B
may assign any of its interests hereunder to any third party without prior
written consent from the other party. For purposes of this Article, none of
Party A's subsidiaries and the companies and entities managed or controlled by
Party B shall be considered a "third party".

     10.5 This Agreement shall be binding upon the permitted assignees of Party
A, Party A's subsidiaries and Party B and the successors of the rights and
obligations of each

                                       16
<PAGE>
of Party A, Party A's subsidiaries and Party B resulting from the division,
consolidation or any other kind of legal person change of each of Party A, Party
A's subsidiaries and Party B.

     10.6 In case either party breaches any of its obligations hereunder and
causes any economic loss to the other party, the other party shall have the
right to request the breaching party to remedify the breach within a specified
time limit, continue to perform this Agreement or make compensation for various
losses, and may rescind any relevant portion of this Agreement or this Agreement
in whole when necessary.

     10.7 The execution, effect, interpretation, performance of, and resolution
of any dispute arising from, this Agreement shall be governed and protected by
the laws of the PRC. Any dispute arising from the performance of this Agreement
shall be resolved between the parties through consultations. Should any dispute
fail to be resolved through such consultations, such dispute shall be submitted
to any competent court for resolution.

     10.8 Where after the effectiveness of this Agreement, the economic
interests of either Party A or Party B are materially adversely affected by the
enactment of any new law, regulation or order, or any amendment made to any
existing law, regulation or order, or any new interpretation of any existing
law, regulation or order, or any material modification or change of any policies
of the State or of the operation and management or the deployment of the
transportation activities of the Ministry of Railway or of the transportation
industry of the PRC, Party A and Party B shall immediately negotiate with each
other for any necessary amendment to this Agreement to ensure that each party
will receive the originally intended benefits hereunder. Where either party's
interests are still subject to substantial damage even after such amendment to
this Agreement, this Agreement or any legal document executed pursuant to the
principles established herein may be terminated by agreement between relevant
parties after consultations.

                                       17
<PAGE>
     10.9 . Party B may on the principles established herein, for the intent
hereof, and on a case-by-case basis execute a supplementary agreement with Party
A or any of Party A's subsidiaries with respect to any specific items of
services. Such supplementary agreements shall constitute an integral part of
this Agreement and shall have the equal legal effect as this Agreement. In case
of any discrepancy between any of such supplementary agreements and this
Agreement, this Agreement shall prevail, unless expressly provided otherwise in
such supplementary agreement.

     10.10 This Agreement shall be valid for three years commencing from January
1, 2008.

     10.11 For purposes of this Agreement, "day" shall refer to a business day.

     10.12 This Agreement shall be executed in eight counterparts with each of
Party A and Party B to hold three and two counterparts to be submitted to
Guangzhou Railway (Group) Company. Each of the counterparts shall have equal
legal effect.

                                       18
<PAGE>
PARTY A:   (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------

PARTY B:   (company seal)

Legal representative (authorized representative): /s/ authorized representative
                                                  -----------------------------
                                       19EX-4.3 SOFTWARE LICENSE AGREEMENT, DATED OCTOBER 8

Exhibit 4.3

SOFTWARE LICENSE AGREEMENT

BETWEEN

CEC TELECOM CO., LTD.

AND

ACCESS (BEIJING) TECHNOLOGY CO., LTD.

(TRANSLATION)

SOFTWARE LICENSE AGREEMENT

This Software License Agreement (this “Agreement”) is entered into in _Beijing_,the
People’s Republic of China (the “PRC”) on [March 10th, 2008] by and between CEC Telecom Co., Ltd.
(“Party A”), with its address being at Floor 10, China Electronics and Information Building, 6
Zhongguancun South Street, Haidian District, Beijing, and its legal representative being Wu
Zhiyang, and ACCESS (Beijing) Technology Co., Ltd., with its address being at Floor 3, China
Shumagang Building, #1 Wangjing north road, Chaoyang District, Beijing, 100102, and its legal
representative being Su Fabao. Party A and Party B are hereinafter collectively referred to as the
“Parties”.

Whereas, Party B has developed relevant software to be used to operate such functions on the mobile
phones (each an “MP” and collectively “MPs”) as mMMs, mWapBrowser, WapStack1.2.1 or WapStack
2.0 (“Party B’s Software”, as further defined herein below) and is the owner of Party B’s
Software and the intellectual property rights therein.

Whereas, Party A has adopted certain MP products developed and designed by third parties or
independently developed by Party A based on SkyWorks, Philips and Ti MP hardware platforms (not
limited to such three kinds of platforms, subject to further consultations between the Parties
based on the actual situation).

1

 

Whereas, Party A desires to use Party B’s Software in the foregoing MP products developed and
designed by third parties and sold under Party A’s owned brand “CECT” (the “Licensed Products”)
and is willing to pay Party B software licensing royalties (“Royalties”).

NOW, THEREFORE, after friendly consultations and pursuant to the Contract Law of the PRC and other
relevant PRC laws and regulations, Party A and Party B hereby reach agreements as follows:

ARTICLE 1 DEFINITIONS

In order to avoid any doubt, unless otherwise defined in other places herein, the following terms
shall have the meanings ascribed thereto below:

1.1 “Party B’s Software” means the application software developed and owned by Party B which is
used to operate such functions on the MPs as [receipt and delivery of mobile multimedia messages
and WAP browsing], in particular, mMMS, mWapBrowser and WapStack 1.2; and if Party A intends to
obtain Party B’s license with respect to any software owned by or licensed to Party B other than
Party B’s Software, the Parties shall execute separate supplemental licensing provisions.

1.2 “Technical Documentation” means all the know-hows, experiences, drawings, requirement
specifications, design specifications, encoding rule specifications, source codes, testing
directions, and other technical materials and information in which the copyrights are owned by
Party B or which are related to Party B’s Software, that are owned by Party B, related to Party B’s
Software or are of reasonable commercial interests to Party B.

1.3 “IMEI No.” means the International Mobile Equipment Identity (“IMEI”) Number issued by a
neutral issuing agency authorized by the GSM Alliance (“the Notify Body”) based on the Testing
Report of the FTA Certification Lab, which is used to identify an MP and shall be unique throughout
the world.

1.4 “Delivery Quantity” means the sum of the quantity of the Licensed Products supplied to Party
A’s agents by Party A (including both the products sold to end users and the products not yet sold
to end users) and the quantity of the Licensed Products directly sold to end users by Party A or
its affiliates.

2

 

1.5 “Improvement” means any enhancement of, or modification or amendment to any part of Party B’s
Software at any version, or any work performed to increase the scope of use, functions or any other
features of Party B’s Software.

1.6 “Derivative Work” means any technology or work product relating to Party B’s Software that
developed or obtained by the Parties in connection with the performance of this Agreement,
including without limitation to:

(i) with respect to any content covered under any copyright interests or granted copyright, any
translation (including the translation into any other computer language), modification, correction,
addition, extension, upgrade, improvement, compilation or abridgement thereof, or any work in any
other form that has been remanufactured or converted or adapted from any existing work product;

(ii) with respect to any content covered under any patent application or granted patent, any
improvement thereto; and

(iii) with respect to any content under the protection as a trade secret, any new content developed
from existing trade secret, including any new content that is entitled to the protection as
copyright, patent and/or trade secret.

1.7 “Confidential Information” means any and all the proprietary or confidential information, data,
Technical Documentation, trade secrets or know-hows that may be provided by either Party to the
other in written, oral, physical or digital electronic form in connection with the performance of
this Agreement, including but not limited to, software, inventions, processes, formulae,
technologies, designs, patterns, database, computer programs, IP developments, business plans,
information about market situation, marketing, financial budgets and business, business
cooperation, commercial transactions, research materials, products and product plans, services,
customer information and customer lists. The Parties hereby acknowledge and confirm that the
foregoing confidential information is owned by the disclosing Party. I is not publicly available
and can bring economic interests to the disclosing Party and is of value. The disclosing Party has
taken appropriate actions to protect such information and data.

1.8 “Intellectual Property Rights” means all rights in any intellectual property in any
jurisdiction in the world, including patent, trademark, copyright, proprietary technique, trade
secret, service mark, trade name,

3

 

design, good will and know-how, including the right to apply for the same, whether recordable,
recorded, registered or granted.

1.9 “Affiliate” means, with respect to either Party, a person which is controlled by, or controls,
or is under common control with such Party, whether directly or indirectly, in each case, through
the ownership of 50% or more of the equity interest. For purposes of this definition, a “person”
refers to an individual, corporation, partnership, joint venture, enterprise, association, joint
venture company, joint stock company, limited liability company or legal person.

ARTICLE 2 GRANT OF LICENSE

2.1 Subject to the terms and conditions in this Agreement, Party B hereby grants Party A a
nonexclusive, non-solely occupied and non-transferable license to use Party B’s Software in
Licensed Products within the term of this Agreement in accordance with this Agreement (the
“License”). Party B shall have the full right to grant any third party a license to use Party B’s
Software and may use Party B’s Software for its own benefit at any time out of its own need, in
each case, with no need to obtain the consent from Party A or give notice to Party A.

2.2 Without written authorization or consent from Party B, Party A shall not license, grant a
license to, or permit any third party, to use or have any right in Party B’s Software.

2.3 If requested by Party A, Party B may provide Party A with such services as technical support
and training, which shall be subject to further consultations(including the scope of services and
fees) and written agreement between the Parties.

2.4 After
the effectiveness of this Agreement, if Party B or an Affiliate thereof has improved or upgraded Party B’s Software or developed a new version thereof, the
authorized use of such Improvement, upgrade or new version and the payment for such use shall be
subject to further consultations and written agreement between the Parties.

ARTICLE 3 INTELLECTUAL PROPERTY RIGHTS

3.1 The
Parties hereby acknowledge that Party B shall have the good and exclusive ownership of the Intellectual Property Rights in, Party B’s Software at whichever version
and any Improvement thereto, any work product developed, generated or obtained by either Party in
connection with the performance of this Agreement within the term of this Agreement,

4

 

irrespective of the form or media in which it is expressed or saved, including but not limited to
the Derivative Work thereof, and the Technical Documentation and the
Confidential Information related thereto, and have the right to use such Intellectual Property Rights all over the world,
including the PRC, the right to apply to the relevant authorities for the recording or registration
of or a grant of a right with respect to such Intellectual Property Rights in any other
jurisdiction, and the right to make any amendment or Improvement in any form to the foregoing
software, Improvement, work product, Technical Information and Confidential Information of Party B.
Party A hereby further acknowledge that in no case shall Party A or any third party have the
ownership of or Intellectual Property Rights in any of the foregoing Party B’s Software,
Improvement, Derivative Work or relevant Technical Documentation or Confidential Information,
including such right as to apply for, record, register or license the same.

3.2 Party
A shall endeavor to take necessary actions to protect Party B’s
Software from infringement and promptly notify in writing Party B of
any infringement upon Party B’s Software or any challenge from any person to Party A’s use right with respect to Party B’s Software as contemplated hereunder or any
claim of ownership on Party B’s Software upon its discovery of
the same, and cooperate with Party B in the handling of such infringement, challenge or claim.

3.3 Party B undertakes that it has the legal title to and Intellectual Property Rights in Party B’s
Software and it has the right to provide Party A with relevant Party B’s Software and the Technical
Documentation thereof and grant a use right to Party A with respect to Party B’s Software as
contemplated hereunder. Party B’s Software and the Technical Documentation delivered to Party A
hereunder shall not constitute any infringement upon or impediment to any rights or interests of
any third party. Party B shall be responsible for defending against or handling any liability,
dispute, action or claim resulting from any dispute with any third party due to Party B’s delivery
of any software or Technical Documentation and shall indemnify Party A against any direct economic
loss caused thereby, including the damages determined in the final judgment, decree or award or
agreed by Party B in a written agreement. In order to be indemnified by Party B as above, Party A shall promptly notify Party B of and assist Party B
to handle the relevant liability, dispute, action or claim. However, if such liability, dispute,
action or claim is caused by the improper use of or unauthorized amendment to Party B’s Software by
either Party A or any third party, Party B shall not be responsible for handling the same or
indemnifying Party A against the same.

5

 

3.4 Each Party agrees and confirms that any document, data and relevant equipment furnished or
delivered to it by the other Party may only be used to effectuate the foregoing purposes and the
furnishing Party shall retain the ownership of and the Intellectual Property Rights in the
technical secrets, Technical Documentation and any other information contained in such document and
data. Nothing in this Agreement may be interpreted as the assignment to the other Party from the
furnishing Party of its Intellectual Property Rights in such document or data, but only a
permission to the other Party to use such document, data and relevant equipment.

3.5 This Article shall survive the expiration or termination of this Agreement for whatever reason.

ARTICLE 4 CONFIDENTIALITY OBLIGATIONS

4.1 The Parties hereby agree and warrant that within and after the term of this Agreement, unless
otherwise required for the performance of this Agreement or otherwise provided herein, each Party
shall not, and shall cause its employees and service providers not to, disclose to any third party
any provision or content of this Agreement or any content of any agreement, document,
correspondence or notice between the Parties in connection with the execution of this Agreement, or
permit the disclosure of any such provision or content in any leaflets, literatures, or
professional prints or any other media, vehicle or occasion.

4.2 The Parties hereby agree and warrant that any Confidential Information and Technical
Documentation provided or disclosed by either Party to the other shall be used only for the
purposes and uses contemplated hereunder. The Party receiving any data or information (in such case
the “Receiving Party”) from the other Party may not use any Confidential Information or Technical
Documentation for any unfair competition.

4.3 The Parties hereby agree and warrant that within and after the term of this Agreement the
Receiving Party shall take all necessary and reasonable actions to keep the confidentiality of and
properly maintain, all the Confidential Information and Technical Documentation furnished or
disclosed to it by the other Party (the “Disclosing Party”), and without the prior written consent
of the Disclosing Party, unless otherwise required for the performance of this Agreement, shall not
for any purpose, disclose or divulge to any person irrelevant to this Agreement or any third party, any
Confidential Information, Technical Documentation or any technical secret or data involved herein,
or use the same for any purpose other than those provided herein.

6

 

4.4
Notwithstanding the foregoing, the Parties hereby confirm that if the Receiving Party is required by any law, any competent court, arbitral body or any other
governmental authority that has jurisdiction over it to disclose the above-mentioned Confidential
Information or Technical Documentation, the Receiving Party may make such disclosure; provided
however that, such disclosure shall be limited to the scope and subject matter so required and
subject to prior written notice to the Disclosing Party.

4.5 The above restrictions shall not apply to the following data:

     (a) any data or information that is disclosed to the Receiving Party by any third party
without breach of any confidentiality obligations hereunder;

     (b) any information or data that is or becomes publicly known prior to being disclosed to the
Receiving Party not as a result of any action or inaction of the Receiving Party;

     (c) any information or data that is or becomes known to the Receiving Party prior to the
provision of the same by the Disclosing Party and can be located in any document or record of the
Receiving Party dated earlier than the disclosure;

     (d) any data or information that is independently developed by the
Receiving Party without reference to any data or information provided by the Disclosing Party as
demonstrated by any document or any other strong evidence of the Receiving Party; and

     (e) any data or information that is published upon the written approval of the Disclosing
Party.

4.6 All the Confidential Information provided to one Party by the other hereunder shall be
expressly marked as “Confidential” in writing and any Confidential Information that is disclosed
in oral or visual form
for the first time shall be marked as “Confidential” in writing and notified to the other Party
of such fact within thirty (30) days as of such first disclosure.

4.7 The Parties hereby agree and warrant that any Technical Documentation
furnished by one Party to the other shall be the exclusive property of the furnishing Party, and,
upon the termination of this Agreement for whatever reason, the Receiving Party shall (i)
immediately return to the

7

 

Disclosing Party or any entity or individual designated thereby or (ii)
at the request of the Disclosing Party, completely destroy any and all the materials, documents and
disks related to any Confidential Information or Technical Documentation furnished or disclosed by
the Disclosing Party and any other vehicle on which any of the foregoing is saved, that are in the
possession or control of the Receiving Party (the “Information”); and that unless otherwise
provided herein, any content of the Information shall be trade secret and the Receiving Party may
not reproduce any Information on any vehicle or retain any reproduction of any Information; and
further, upon the performance of the foregoing actions, the Receiving Party shall deliver to the
Disclosing Party a written certificate that all the relevant Information has been returned or
destroyed and none of the Receiving Party or any of its current or former investors, directors,
officers, employees, agents, consultants or other representatives, or any of its supervising
authorities (if any) or affiliated companies or agencies or units holds any such trade secret or
any other Information containing any such trade secret.

4.8 The Receiving Party shall, upon the expiration of this Agreement or at any time upon the
request of the Disclosing Party, return all or any portion of the Confidential Information of the
Disclosing Party and may not retain any vehicle related to any Confidential Information without the
consent of the Disclosing Party.

4.9 The
Parties hereby recognize and acknowledge that any Confidential Information and Technical Document owned by either Party are unique and confidential data and
information and any disclosure by either Party to any third party of any such information or data
without the consent from the Disclosing Party will seriously damage the business or other interests
of the Party owning such data and information. In case of a breach or threatened breach of any
confidentiality obligations herein by either Party, the other Party shall have the right to take
any legal
actions or any other lawful measures to protect its own legal interests, including but not limited
to, preventing by any lawful means, or requesting the breaching Party to cease, such breach, early
terminating this Agreement or requesting the breaching Party to indemnify it against all the direct
economic loss caused by such breach.

4.10 Obligations set forth in this Article shall survive the expiration or termination of this
Agreement for whatever reason.

ARTICLE 5 REPRESENTATIONS, WARRANTIES AND COVENANTS OF PARTY A

8

 

5.1 Party A is a company duly established and validly existing under the laws of the PRC and is in
good standing and has obtained all the valid authorizations for its execution and performance of
this Agreement. The execution and performance of this Agreement by Party A will not conflict with
Party A’s bylaws or documents of similar nature, applicable laws, or any contract/agreement or
commitment between Party A and any third party, or any other document or provision binding upon
Party A.

5.2 At the
execution of this Agreement, there is no any action or administrative proceeding pending before any governmental or judicial authority, against Party A or
involving Party A’s assets or business that may materially endanger or have an adverse effect on
Party A’s ability to perform this Agreement.

5.3 Party A hereby agrees that after one week as of the formal launch of one model of MPs using
Party B’s Software, including such product as Party A’s brand name MPs, OEM MPs or ODM MPs, it
shall notify Party B in writing of the actual model of such MPs and at the same time Party B shall
provide Party A with use instructions. After confirmation by Party A of such use instructions,
Party A shall lend Party B one MP equipped with complete and stable software and hardware functions
for Party B to provide follow-up technical support services for Party B’s Software installed in
such model of MPs.

5.4 Party A hereby agrees that Party B may publicize in any manner the fact that Party A has
adopted Party B’s Software in the Licensed Products.

ARTICLE 6 REPRESENTATIONS, WARRANTIES AND COVENANTS OF PARTY B

6.1 Party B is a company duly established and validly existing under the laws of the PRC and is in
good standing and has obtained all the valid authorizations for its execution and performance of
this Agreement. The execution and performance of this Agreement by Party B will not conflict with
Party B’s bylaws or documents of similar nature, applicable laws, or any contract/agreement or
commitment between Party B and any third party, or any other document or provision binding upon
Party B.

6.2 At the execution of this Agreement, there is not any action or
administrative proceeding pending before any governmental or judicial authority, against Party B or
involving Party B’s assets or business that may materially endanger or have an adverse effect on
Party B’s ability to perform this Agreement.

9

 

6.3 Party A hereby expressly acknowledges and agrees that (i) Party B does not warrant that Party
B’s Software hereunder [or services (including technical support or training)] is [are] fit for any
particular purpose not disclosed by Party A, (ii) Party B does not warrant that Party B’s Software
is free from any defect or all the defects in Party B’s Software will be cured immediately, or
(iii) to the extent permitted by applicable laws and regulations, any representations or warranties
not made herein by Party B, whether expressly or impliedly, are hereby disclaimed by Party B.

ARTICLE 7 NOTICES

7.1 The Parties hereby confirm that any document or information in connection with this Agreement
as well as any communication between the Parties shall be delivered to the Party to which the same
is addressed by personal delivery, express mail service, registered mail, fax or email at the
address set forth below:

Party A:

CEC TELECOM CO., LTD.

Floor 10, China Electronics and Information Building

6 Zhongguancun South Street, Haidian District, Beijing

Attention:                         

Postal Code:                     

Telephone:                       

Fax:                                  

Email:                               

Party B:

ACCESS (Beijing) Technology Co., Ltd.

Floor 3, China Shumagang Building, #1 Wangjing north road, Chaoyang District, Beijing,

Attention:                    

Postal Code: 100102   

Telephone:                  

Fax:                             

Email:                         

7.2 Any document, information, notice or demand shall be deemed to have been made, (a) upon
delivery, if delivered by fax as evidenced by the

10 

 

transmission report, (b) upon delivery, if sent
by email, (c) seven (7) days as from delivery, if delivered by express mail services or registered
mail (with postage paid fully), or (d) upon acknowledgement of receipt, if delivered by person.

7.3 In case of a change to the address or means of contact of either Party, it shall notify the
other Party in writing as set forth above seven (7) days prior to the use of such new address or
means of contact.

ARTICLE 8 EFFECTIVENESS AND TERMINATION OF AGREEMENT

8.1 This Agreement shall take effect upon being affixed with the signature of the authorized
representative and the company seal of each of Party A and Party B. The Agreement shall be in
effect for 2 years, unless in the case of early termination or extension. Subject to Party A’s
written application for extension and Party B’s written approval thereto one month prior to the
expiration of the effective term of this Agreement, this Agreement may be extended accordingly. The
term of such extension and the rate of the Royalties, technical support fees and training fees
during such extension shall be re-determined by the Parties then subject to further negotiations.

8.2 Either Party shall have the right to choose to forthwith terminate this Agreement if such Party
has sufficient firm evidence that:

(a) the
other Party is unable to perform any of its material obligations hereunder;

(b) the
operating status of the other Party is deteriorating seriously, including the commencement of bankruptcy, liquidation or dissolution proceedings against the other
Party; or

(c) the other Party fails to pay any of the [project research and development fees, Royalties,
technical support and maintenance fees or training fees] pursuant to this Agreement and has been
more than three months in arrears with the payment of the same.

The Party that intends to terminate this Agreement based on any of the foregoing reasons (the
“Terminating Party”) shall promptly notify the other Party of its intention in writing. Where the
non-terminating party provides an economic guarantee in favor of the Terminating Party that is
acceptable to the Terminating Party, the Terminating Party shall resume its performance of this
Agreement. Where the term of such economic guarantee expires prior to the non-terminating Party’s
resumption of its

11 

 

ability for the performance of this Agreement within the reasonable period of
time allowed for it, the Terminating Party may terminate this Agreement upon the expiration of such
economic guarantee.

8.3 This Agreement may be terminated by mutual agreement between the Parties.

8.4 Either Party may terminate this Agreement by written notice to the other Party if

(a) either Party has breached this Agreement so that the purposes of this Agreement are rendered
unable to be effectuated and the breaching Party fails to cure such breach within thirty (30) days
as of its receipt of a written notice from the other Party;

(b) either Party has transferred its rights, obligations or property under this Agreement to any
third party other than its Affiliate without the prior written consent of the other Party;

(c) a Force Majeure event has occurred so that the purposes of this Agreement are rendered unable
to be effectuated or the performance of this Agreement is rendered impossible;

(d) either Party has discovered that any representation or warranty by the other Party hereunder is
false in any aspect and even after such Party has pointed out the same the other Party fails to
cure the same accordingly pursuant to the requirements of such Party; or

(e) any other circumstance specified herein upon the occurrence of which this Agreement may be
terminated or cancelled.

8.5 Upon any termination of this Agreement as provided herein, Party B shall reserve its right to
terminate, at its sole discretion, the license granted to Party A to use Party B’s Software in any
of its Party
A’s MPs, including but not limited to, any of Party A’s MPs manufactured prior to such termination.

ARTICLE 9 LIABILITY FOR BREACH OF AGREEMENT

9.1 In
case Party A fails to pay Party B any Royalties in accordance with Article 1.6 of Appendix 1 hereto, in addition to immediately paying Party B such Royalties, Party A
shall also pay Party B liquidated damages equal to 0.5% of the Royalties for each day beginning
from the day immediately after the date on which such Royalties fall due; provided however that,

12 

 

the liquidated damages in aggregate may not exceed 10% of the Royalties payable.

9.2 In case either Party fails to perform any of its obligations hereunder or its performance of
any of its obligations hereunder fails to satisfy the requirements of this Agreement, or any of its
statements, representations, warranties is false or inaccurate, such Party shall be deemed to have
breached this Agreement and the non-breaching Party shall have the right to have the breaching
Party perform its obligations and indemnify the non-breaching Party against the loss caused by such
breach. To the extent permitted by applicable laws and regulations, the breaching Party shall be
liable only for the direct loss or damage suffered by the non-breaching Party and not for any
indirect, incidental, special or punitive loss or damage suffered by the non-breaching Party,
including but not limited to, loss of profit or good will or any other intangible property, and the
indemnity shall not exceed the total amount of the Royalties paid by Party A hereunder.

ARTICLE 10 FORCE MAJEURE

10.1 “Force Majeure” means an earthquake, typhoon, epidemic, flood, windstorm, tide or any other
act of god, war, riot, unforeseeable economic disaster, or any interruption or impediment in
transportation or any other facilities, or any other event that is unforeseeable or unavoidable by
or beyond the control of either Party or is agreed by both Parties as an event of exemption,
including any change in any PRC law that will have a material effect on the performance of this
Agreement.

10.2 The Party encountering the Force Majeure shall notify the other Party of the occurrence of
such Force Majeure in writing, and shall within fifteen (15) days, provide the other Party with the
details of such Force Majeure, relevant certificates issued by the relevant authorities and a
report on its inability to perform its obligations hereunder, whether in whole or in part, and its
reasons for the need to extend its performance of this Agreement, and shall take all steps possible
to mitigate losses caused by such Force Majeure. In the case of a Force Majeure event, neither
Party shall be liable for any damage suffered by or any increase in expenses and losses incurred by
the other Party caused by the inability of either Party to perform this Agreement or the delay by
either Party in its performance of this Agreement. The Party claiming the occurrence of a Force
Majeure event shall take appropriate actions to mitigate or eliminate the impact of such Force
Majeure event and endeavor to resume its performance of its obligations hereunder affected by such
Force Majeure event within the shortest period possible.

13 

 

10.3 Upon the occurrence of a Force Majeure event, Party A and Party B shall consult with each
other to find a reasonable solution and shall make all efforts to mitigate the consequence of such
Force Majeure event.

10.4 Where either Party is rendered unable to perform any of its obligations hereunder for thirty
(30) consecutive days due to the occurrence of such Force Majeure event, either Party may terminate
this Agreement.

ARTICLE 11 GOVERNING LAW

11.1 This Agreement shall be governed by and construed in accordance with the laws of the PRC.

ARTICLE 12 DISPUTE RESOLUTIONS

12.1 Any dispute arising from or in connection with this Agreement shall be resolved by the Parties
through good faith negotiations. In case any dispute fails to be so resolved within sixty (60) days
as of the delivery by either Party of a request for such negotiations, either Party may submit such
dispute to a court located in the place where Party A has its domicile.

12.2 Unless otherwise agreed between the Parties, any court shall not have jurisdiction over any
dispute hereunder.

12.3
During the period when any dispute between the Parties is under arbitration, each of Party A and Party B shall continue with the performance of its respective
obligations and responsibilities hereunder other than the matter in dispute.

ARTICLE 13 MISCELLANEOUS

13.1 Any amendment or modification to this Agreement shall be subject to the friendly negotiations
between the Parties and shall not take effect unless the Parties have executed a written agreement
with respect thereto.

13.2 In case any provision in this Agreement is held illegal, invalid or unenforceable, the
legality, validity or enforceability of the remaining provisions herein shall not be affected or
prejudiced in any aspect thereby.

13.3 Unless otherwise agreed between the Parties or expressly required by any law of the PRC, any
waiver by either Party of any one or more of

14

 

its rights hereunder shall not operate as its waiver
of any other right hereunder or any other waiver of the same right or rights in other circumstances and any delay by
either Party in its exercise of any one or more of its rights hereunder shall not operate as its
waiver of or prejudice its exercise of the same right or rights.

13.4 Without the prior written consent of the other Party, either Party may not assign any of its
rights, obligations or property hereunder to any third party other than its Affiliate. Where either
Party needs to assign any of its rights, obligations or property hereunder to any of its Affiliates
(the “Assignment”),it shall notify the other Party in writing in advance but need not obtain the
consent of the other Party. At the same time, the assigning Party shall provide the non-assigning
Party with evidence that the intended assign is an Affiliate of the assigning Party. Such
Assignment shall take effect as of the receipt by the non-assigning Party of the said written
notice and evidence from the assigning Party.

13.5 This Agreement shall constitute the entire agreement between the Parties with respect to the
subject matter hereof and shall supersede any and all the understandings, agreements or discussions
between the Parties with respect to the subject matter hereof.

13.6 The Appendices hereto, including Appendix 1: Royalties and the Payment and Appendix 2:
Statement of the Royalties for Party B’s Software, shall form an integral part hereof and have the
equal legal force as this Agreement.

13.7 This Agreement shall be executed in two (2) counterparts, with each Party A and Party B to
hold one and each counterpart shall have the equal legal force.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above:

PARTY A: CEC TELECOM CO., LTD. (affixed with company seal)

Legal Representative: Wu Zhiyang

Address: Floor 10, China Electronics and Information Building, 6
Zhongguancun South Street, Haidian District, Beijing

Authorized Representative:

Dated:

15

 

PARTY B: ACCESS (Beijing) Technology Co., Ltd.(affixed with company seal)

Legal Representative: Su Fabao
Address: Floor 3, China Shumagang Building, #1 Wangjing north road,
Chaoyang District, Beijing, 100102

Authorized Representative: /s/ (illegible)

Dated:

APPENDIX 1 ROYALTIES AND PAYMENT

Article 1 Royalties

1.1 In consideration of Party A’s use of Party B’s Software in the License
Products, Party A shall pay Party B the Royalties in accordance with the following provisions and
the Royalties payable to Party B shall be calculated on the basis of the formula set forth in the
table below:

	 	 	 
	Party B’s Software
	Aggregate quantity of the Licensed Products (in unit) sold out	 	Rate of the Royalties (including the VAT at 17%)
	0~200,000

	 	RMB3.8 per unit
	> 200,000

	 	RMB3.4 per unit

1.2 The Parties acknowledge that the Delivery Quantity and the Royalties payable hereunder shall be
reviewed and settled on a quarterly basis, or in other words, every three months. The Royalties
shall be calculated on the basis of the aggregate Delivery Quantity and the rate of the Royalties.
The Royalties shall accrue from the first day on which the first model of the Licensed Products
using Party B’s Software is launched and shall be settled by the quarter. Within the first Seven
(7) days of each quarter, Party A shall provide Party B in writing with a statement of the accurate
Delivery Quantity for the previous quarter (the “Statement”) and the corresponding list of IMEI
Numbers and shall pay Party B all the Royalties payable for the previous quarter in accordance with
this Article 1.6. Party B shall review the Royalties payable for the previous quarter based on the
Statement provided by Party A and the IMEI Numbers of Party A’s MPs.

1.3 Party A must ensure that its Statement is true and reliable and that each IMEI No. of each of
the Licensed Products provided to Party B shall be the unique number marked on such product for
identification.

16

 

1.4 Party B shall have the right to understand and obtain from the designers of the Licensed
Products or the suppliers of Party A’s chips, parts and components, the relevant information
regarding Party A’s purchase and the Delivery Quantity using Party B’s Software, and use the same
as reference for reviewing and calculating the Royalties payable.

1.5 In case Party B discovers that the difference between the Delivery Quantity reflected in the
Statement provided by Party A and the actual Delivery Quantity known by Party B through the
information obtained by Party B from the designers of the Licensed Products or the suppliers of
Party A’s chips, parts and components exceeds 100 units, or that any of Party A’s MP using Party
B’s Software is used in the market does not fall into the scope of the IMEI Numbers provided by
Party A, Party B shall notify Party A in writing and Party A shall, upon its receipt of such
notice, immediately conduct investigations, review and verifications (the “Verifications”) and
provide Party B with the result of the Verifications and relevant evidence. The Parties confirm
that the above difference shall be handled as follows depending on the result of the Verifications
acknowledged by the Parties:

(a) If such difference is caused by any negligence in Party A’s operations, including any error
in calculation, and Party A has paid the Royalties for such portion of the Licensed Products not
reflected in the Statement or not covered under the IMEI Numbers provided by Party A to Party B
(the “Omitted MPs”), Party A shall provide relevant evidence therefor, or if the Royalties for
the Omitted MPs have not been paid by Party A, then Party A shall, upon Party B’s written
confirmation of the same, Party A shall pay Party B the Royalties for the Omitted MPs; or

(b) If the Verifications indicate that Party A has not paid the Royalties, then Party A shall,
within fourteen (14) days as of its receipt from Party B the written notice for the payment of
the Royalties, pay Party B the Royalties for such Omitted Royalties in accordance with Article
1.1 and Article 1.6 of this Appendix.

1.6 The Parties agree and confirm that they will, within the weekdays of the first week of each
quarter, calculate and verify the Delivery Quantity and the Royalties payable for the previous
quarter (the previous three months) and Party A shall, within five (5) working days as of its
receipt of the special VAT invoice from Party B, pay Party B the Royalties by remitting the same
through wire transfer to the following account of Party B or any other account designated by Party
B in writing:

17

 

Name of Account Owner: ACCESS (Beijing) Technology Co., Ltd.

Bank of Deposit: Beijing Air China Electronics of Branch, China Construction Bank

RMB Bank Account Number: 11001079500056029869

Article 2 Right of Auditing

2.1 Party B shall have the right to appoint an independent accounting firm designated by Party B
or mutually recognized by Party A and Party B in writing (the “Auditor”) to conduct audits (the
“Audit”) during normal working hours on the relevant records about the use of Party B’s Software in
the Licensed Products. The purpose and scope of the Audits are mainly to inspect and verify: (1)
the quantity of the Licensed Products using Party B’s Software; (2) the accuracy of the information
furnished by Party A to Party B pursuant to Article 1.2 of this Appendix, and whether Party A has
paid the full amount of the Royalties to Party B. The representatives of the Auditor shall comply
with the generally accepted accounting principles when conducting the Audits, and take care to
protect the confidentiality of Party A’s information, and abide by Party A’s reasonable security
requirements when conducting the Audits at Party A’s premises. If the results of the Audits show
that Party A has not paid Party B the full amount of the Royalties, Party A shall be deemed to be
in default and such default shall be handled pursuant to Article 9 of this Agreement. In addition,
Party A shall pay Party B the Royalties pursuant to Article 1.6 of this Appendix within two weeks
(14 days) as of its receipt of Party B’s notice for the payment of the Royalties.

2.2 The Audits under this Article shall be conducted no more than once every six months, and the
expenses for the Audits shall generally be borne by Party B. However, if the Audits indicate that
as of the date of the Audits the shortfall in the payment of the Royalties exceed 50% (including
50%) of the total amount of the Royalties payable to Party B by Party A, all expenses for the
Audits shall be borne by Party A.

2.3 Party A shall not, without due cause, deny, withhold or delay the grant of a written consent
to Party B with respect to Party B’s designation of the accounting firm. Where Party B delivers a
written notice to Party A requesting Party A to recognize the accounting firm designated by it,
Party A shall provide its feedback and confirmation within seven (7) days as of its receipt of such
notice. Party A’s failure to provide any feedback within the above period shall be deemed as
acceptance to Party B’s request.

18

 

APPENDIX 2 STATEMENT OF THE ROYALTIES FOR PARTY B’S SOFTWARE

STATEMENT OF THE QUANTITY OF THE PRODUCTS OF                      (PARTY A)

USING THE SOFTWARE OF ACCESS (Beijing) Technology Co., Ltd. (PARTY B)

	 	 	 
	Title of Contract:

	 	Title of Contract:
	 
	 	 

	Party A:

	 	Party B:
	 
	 	 

	Calculation Frequency of the Royalties

	 	Time of Execution of the Contract:
	 
	 	 

	Period Covered:

	 	Party B’s Commercial Representative:
	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Party B’s	 	 	Time of Product	 	 	 	 	 	2008	 	 	 	 
	Brand	 	Model	 	 	Software Used	 	 	Launch	 	 	Items	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 	 	Total	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	IMEI No. Range	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Quantity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Unit Price	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	IMEI No. Range	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Quantity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Unit Price	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

19

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Party B’s	 	 	Time of Product	 	 	 	 	 	2008	 	 	 	 
	Brand	 	Model	 	 	Software Used	 	 	Launch	 	 	Items	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 	 	Total	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total

	 	Quantity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Amount	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	Note:

	 	Please attach hereto a separate list of the IMEI Numbers of the relevant products.
	 
	 	 
	Remark:

	 	Party A warrants that the data provided above are true, accurate and valid.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Financial Representative of Party A:                                      (Signature)
	 	Title:                    	 	Date:                     	 	Tel.:                          
	 
	Commercial Representative of Party A:                                     (Signature)
	 	Title:                     	 	Date:                     	 	Tel.:                          
	 
	 
	 	Company Seal:                          	 	Date:                          

20

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