Document:

<PAGE>

                                                                   EXHIBIT 10.10

                        FORM OF AGREEMENT ON TRANSFER OF
                     SHARES OF SHENZHEN MINDRAY BIO-MEDICAL
                             ELECTRONICS CO., LTD.

                             Date: _________________

                                   ----------

                                (as "Transferor")

                                       and

                                   ----------

                                (as "Transferee")

                    Agreement on Transfer of _________ Shares
              of Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

<PAGE>

This Agreement is entered into by and between the following parties as of
______, 2005 in Shenzhen, People's Republic of China (hereinafter referred to as
the "PRC"):

Transferor:   __________________________ (hereinafter referred to as
              "Transferor"), a limited liability company incorporated in British
              Virgin Islands,

              Registered Address: _______________________________________

              Mailing Address : _________________________

              Legal Representative : ______________________   Position: ________

              Nationality: ___________________

              Tel no.: _______________   Fax no.: _________________

Transferee:   _________________________ (hereinafter referred to as
              "Transferee"), a limited liability company incorporated in British
              Virgin Islands,

              Registered Address: _______________________________________

              Mailing Address: _________________________

              Legal Representative: _______________________   Position: ________

              Nationality: ___________________

              Tel no.: _______________   Fax no.: _________________

WHEREAS,

(1)  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (hereinafter referred to
     as "Mindray") is a foreign-invested company limited by shares organized
     under the PRC laws. As of the date hereof, Transferor holds ___________
     shares in Mindray.

(2)  Transferor, Transferee, _____________ and Mindray entered into an Agreement
     on _______________ Shares of Shenzhen Mindray Bio-Medical Electronics Co.,
     Ltd. (hereinafter referred to as the "Share Agreement") on _________, under
     which Transferor agrees to transfer the shares it holds in Mindray in the
     amount of __________ to Transferee and ________________ when permitted by
     law.

(3)  Now Transferor may legally transfer the shares it holds in Mindray in the
     amount of __________. Transferor agrees to transfer to Transferee and
     Transferee agrees to acquire from Transferor __________ shares of Mindray
     owned by Transferor as a beneficial owner out of the above amount of
     shares.

Therefore, after friendly consultation between Transferor and Transferee, this
Agreement is hereby made for transfer of the ____________ shares of Mindray to
Transferee by Transferor.

1.   DEFINITIONS

1.1  Unless otherwise specified herein, the following terms and expressions
     contained in this Agreement and all appendices (if applicable) shall have
     the meanings set forth below:

<PAGE>

<TABLE>
<S>                            <C>
     "Related Shares"          mean the __________ shares of Mindray owned by
                               Transferor as a beneficial owner, which
                               Transferee has agreed to acquire from Transferor
                               and Transferor has agreed to sell to Transferee.
                               Such __________ shares account for ________ of
                               the total amount of issued shares of Mindray;

     "Conditions Precedent"    mean the conditions precedent for completion of
                               transfer of the Related Shares pursuant to
                               Article 4 hereof;

     "Completion of Transfer
      of the Related Shares"   means the consummation of the transfer of the
                               Related Shares specified in Article 5 hereof;

     "Business Day"            means any day which is a working day in both the
                               mainland of China and the Hong Kong Special
                               Administrative Region;

     "Price"                   means the price for purchasing the Related Shares
                               by Transferee from Transferor set forth in
                               Article 3 hereof;

     "Force Majeure"           means any event beyond the expectation of both
                               parties, and the occurrence or result of which
                               cannot be reasonably avoided or overcome by the
                               affected party, including but not limited to
                               earthquake, typhoon, flood, fire, riot, war,
                               strike;

     "RMB"                     means the legal currency of the PRC.

     "USD"                     means the legal currency of the United States of
                               America.
</TABLE>

1.2  All references to statutory clauses shall be construed to be references to
     the clauses as each amended from to time, reformulated, or clauses whose
     applicability revised according to other clauses (whether revised before or
     after the date hereof) and including the reformulated clauses (whether with
     or without revisions).

1.3  All references to provisions and annexes are to the provisions and annexes
     of this Agreement; all references to sections shall be references to the
     sections under the related provisions (unless otherwise specified herein).
     The annexes of this Agreement (if any) shall be deemed as a constitutional
     part of this Agreement.

1.4  The headings used in this Agreement are used for convenience only and shall
     not affect the interpretation of this Agreement.

2.   TRANSFER OF THE RELATED SHARES

Subject to each of the terms herein, Transferor shall sell the Related Shares to
Transferee as the beneficial owner of such shares. Transferee shall not be
subject to all liens, mortgages and

<PAGE>

encumbrances at the time of acquiring the Related Shares and shall be entitled
to all rights affiliated to the Related Rights.

3.   PRICE AND PAYMENT

3.1  The Price for purchasing the Related Shares by Transferee shall be RMB
     _________ (RMB _____ per share).

3.2  Transferee has paid in USD in the amount equivalent to RMB _________ into
     the bank account designated by Transferor in accordance with the Share
     Agreement and the remaining payment (to be made in US Dollar in the amount
     equivalent to RMB _______) will be made pursuant to Article 5 hereof.

3.3  Both parties agree that although the Price specified herein is in Renminbi,
     transferee may pay the Price in US Dollar at the exchange rate for
     converting USD into Renminbi published by the People's Bank of China on the
     payment date (the average of selling price and buying price).

4.   CONDITIONS PRECEDENT FOR TRANSFER OF THE RELATED SHARES

4.1  The Conditions Precedent for transfer of the Related Shares set forth
     herein shall be:

     (a)  After the date hereof, Transferor will and will cause Mindray to
          promptly complete all the formalities for transfer of the Related
          Shares owned by Transferor to Transferee and go through the requisite
          procedures in accordance with the related regulations and provide
          Transferee with the relevant documentations;

     (b)  The board of directors of Transferor has adopted a resolution to
          approve the share transfer contemplated hereunder in compliance with
          the provisions of the articles of association of Transferor;

     (c)  The board of directors of Transferee has adopted a resolution to
          approve the share transfer contemplated hereunder in compliance with
          the provisions of the articles of association of Transferee;

     (d)  Transferor will cause all current directors of Mindray appointed by
          Transferor to resign from the board without giving rise to claims of
          any compensation or other payment against Mindray by such directors as
          a result of removal from their posts and cause the general meeting of
          shareholders of Mindray to approve such resignation and the
          replacements into the board of directors of Mindray appointed by
          Transferee (if any);

     (e)  The original examination and approval authority of Mindray has
          approved the transfer of the Related Shares by Transferor to
          Transferee, approved the joint venture contract and articles of
          association of Mindray after the share transfer and

<PAGE>

          issued the amended Certificate of Approval of Foreign-invested
          Enterprise to Mindray;

     (f)  Other related authorities have ratified and approved the share
          transfer and other related matters (if necessary);

     (g)  The resolution of the board of directors/general meeting of
          shareholders of Mindray approving the share transfer has been made and
          the written confirmation of the other shareholders of Mindray
          approving the share transfer and indicating waiver of right of first
          refusal has been made (if applicable).

4.2  Transferee may, at any time, give a written notice to Transferor to waive
     all or any of such conditions (unless otherwise provided by the applicable
     laws and regulations).

5.   COMPLETION OF TRANSFER OF THE RELATED SHARES

Except for the unpaid remaining amount of the Price, within 10 Business Days
after all the formalities for transfer of the Related Shares have been completed
(including but not limited to approval of transfer of the Related Shares by
Transferor and acquisition of the Related Shares by Transferee granted by the
examination and approval authority and other related authorities, if any,
completion of renewal of registration with the administrative department of
industry and commerce and other related processes and fulfillment of the
Conditions Precedent in Article 4.1 hereof), Transferee shall pay the remaining
amount of the Price into the bank account designated by Transferor in USD in the
amount equivalent to RMB ________ and pay to Transferor the interest accrued on
the remaining amount of the Price for the period between __________ and the date
when all formalities for transfer of the Related Shares have been completed at
the annual interest rate of 5%.

6.   WARRANTIES AND UNDERTAKINGS

6.1  Transferor hereby makes warranties and undertakings to Transferee that
     Transferor has made full capital contribution to Mindray, owns the Related
     Shares as a beneficial owner, has full rights and powers to execute and
     perform this Agreement and the execution and performance of this Agreement
     by Transferor will not breach any applicable laws, regulations and other
     obligations of Transferor. The Related Shares are free from any third party
     interests, liens, pledges or other encumbrances (except for those in which
     Transferee has any right).

6.2  Transferor hereby makes warranties and undertakings to Transferee that
     after execution of this Agreement and prior to the Completion of Transfer
     of the Related Shares, Transferor has not taken and will not take any
     action having or possibly having adverse impact on the good standing,
     production and operation and conditions of assets of Mindray.

6.3  Transferee hereby makes warranties and undertakings to Transferor that
     Transferee has full rights and powers to execute and perform this Agreement
     and the execution and

<PAGE>

     performance of this Agreement by Transferee will not breach any applicable
     laws, regulations and other obligations of Transferee.

7.   LIABILITIES FOR BREACH OF THIS AGREEMENT

     In the process of performance of this Agreement, unless otherwise specified
     herein, any violation of the agreements contained herein by either party
     shall constitute a breach and such party shall assume the liabilities
     incurred therefrom.

8.   GOVERNING LAW AND DISPUTE RESOLUTION

     This Agreement shall be governed by, and construed in accordance with, the
     laws of the PRC. Any dispute arising out of or relating to this Agreement
     shall be settled friendly through consultation between both parties. If no
     settlement can be reached through such consultation, the dispute shall be
     referred to the China International Economic and Trade Arbitration
     Commission for arbitration in accordance with the arbitration rules of such
     entity as then in effect. The arbitral award shall be final and binding
     upon both parties.

9.   WAIVER

     No Transferee's waiver of breach of any provision hereof by Transferor
     shall be deemed as Transferee's waiver of any subsequent breach or breach
     of any other provisions hereof. Transferee's delay or lateness in
     exercising any of its rights hereunder shall not be construed to be a
     waiver of such rights. As long as any of the provisions hereof has not been
     performed upon the Completion of Transfer of the Related Shares, such
     provision shall remain in full force.

10.  FORCE MAJEURE

     Neither party shall be liable for failure to perform its obligations
     hereunder as a result of Force Majeure but both parties shall take all
     reasonable and practical compensatory measures to reduce the losses caused
     by such Force Majeure event as permitted by the then conditions.

11.  NOTICE

     Any notice or written communication to be given by either party to the
     other party under this Agreement, including but not limited to any and all
     offers, letters or notices hereunder, shall be written in English or
     Chinese (if required by the relevant Chinese authorities to be made in
     Chinese, then such notice or written communication shall be made in
     Chinese) and sent or delivered in letter form by courier service or by
     facsimile (followed by a confirmation copy delivered by a courier service)
     to the address of the recipient party. Any notice or communication given
     hereunder shall be deemed sent on the seventh (7) Business Day after the
     letter is delivered to the courier service or on the second (2) Business
     Day following the date of facsimile transmission. All notices and

<PAGE>

     communications shall be sent to the address below unless either party
     notifies the other party in writing of change of such address.

     ___________________________________

     Address: ___________________________________________

     Attn: _____________________________

     Tel no.: __________________________

     Fax no.: __________________________

     ___________________________________

     Address: ___________________________________________

     Attn: _____________________________

     Tel no.: __________________________

     Fax no.: __________________________

12.  EFFECTIVENSS, AMENDMENT AND TERMINATION OF THE AGREEMENT

12.1. This Agreement shall become effective upon execution by the legal
     representatives or authorized representatives or agents of both parties and
     approval by the competent examination and approval authority by issuing the
     amended Certificate of Approval of Foreign-invested Enterprise.

12.2. This Agreement may be amended only by a writing signed by both parties.

12.3. Unless otherwise specified herein, this Agreement shall be terminated upon
     consultation between both parties in written form or overall performance of
     this Agreement by both parties.

13.  MISCELLANEOUS

13.1. This Agreement shall be binding upon both parties. No rights or
     obligations hereunder may be transferred by either party without a written
     consent of the other party.

13.2. This Agreement, together with any document referred to herein, shall
     constitute the entire agreement between both parties.

13.3. The invalidity of any of the provisions hereof shall not affect the
     validity of the remaining provisions.

<PAGE>

13.4. Unless required by the provisions of any applicable laws, regulations,
     statutes or rules or by any competent authorities, neither party may
     disclose or in any other manner publish any information relating to this
     Agreement or any related issues without prior written consent of both
     parties.

13.5. Transferor shall pay the taxes and various expenses (including attorney's
     fees) payable during the execution and performance of this Agreement to the
     extent permitted by law.

13.6. Any matters not covered by this Agreement may be agreed by both parties by
     entering into a supplementary agreement in writing. The supplementary
     agreement and this Agreement shall have the equal legal effect.

13.7. This Agreement is made in Chinese in 6 counterparts. Each party shall
     retain one counterpart and the others shall be submitted to the competent
     examination and approval authority and other departments.

<PAGE>

IN WITNESS WHEREOF, this Agreement is executed as of the date first written
above.

Transferor: ______________________ (seal)

Representative:
                ---------------------

-------------------------------------
(signature)

Transferor: ______________________ (seal)

Representative:
                ---------------------

-------------------------------------
(signature)

<PAGE>

                              EQUITY TRANSFER CHART

Form A

<TABLE>
<CAPTION>
                                                                                             NUMBER OF    AMOUNT PAID
   DATE                       TRANSFEROR                              TRANSFEREE               SHARES        (RMB)
   ----      -------------------------------------------   -------------------------------   ---------   ------------
<S>          <C>                                           <C>                               <C>         <C>
2004/12/30   Chen Zemin                                    Greatest Elite Limited              518,408   3,162,288.80
2005/01/07   Taiwan Asia Pacific Venture Capital Limited   Greatest Elite Limited            1,300,593   6,502,965.00
2004/12/30   Chen Zemin                                    Giant Glory Investments Limited     518,408   3,162,288.80
2005/01/07   Taiwan Asia Pacific Venture Capital Limited   Giant Glory Investments Limited   1,300,592   6,502,960.00
</TABLE><PAGE>

                                                                   EXHIBIT 10.11

                       FORM OF EQUITY TRANSFER AGREEMENT

This Equity Transfer Agreement (this "AGREEMENT") is entered into by and between
the following two parties in Shenzhen, China on ________________:

TRANSFEROR: ____________________ ("PARTY A")
     Address: _______________________
     Legal Representative: ______________
          Position: ______________
          Nationality: ______________

TRANSFEREE: ____________________ ("PARTY B")
     Address: ______________________
     Legal Representative: ______________
          Position: ______________
          Nationality: ______________

WHEREAS,

1.   Shenzhen Mindray Bio-Medical Electronic Company ("MINDRAY") is a wholly
     foreign owned company established under PRC laws;

2.   Party A agrees to sell and transfer to Party B, and Party B agrees to
     purchase and acquire from Party A, the Equity (as defined below) in
     accordance with the terms of this Agreement;

Therefore, the Parties agree as follows:

ARTICLE 1  DEFINITIONS AND INTERPRETATIONS

1.1  Unless otherwise specified in the context, the following terms shall have
     the meanings assigned to them in this Agreement:

"EQUITY" means the __________ shares of Mindray held by Party A, which
constitutes _____ of Mindray's total equity;

"TRANSFER PRICE" means the price for the transfer of the Equity;

"CONDITION PRECEDENT" means the conditions precedent set forth in Articles 3
hereunder.

"CLOSING DATE" means the date when the registration of change in connection with
the Equity transfer is completed;

<PAGE>

     "ENCUMBRANCES" means, with respect to the Equity, any liabilities, equity
interest, mortgage, preemptive rights of purchase, pledge, transfer of whatever
nature, or any other types of security interests with which the shares are
encumbered, or any attachments, proceedings, claims or third party rights
against such Equity no matter whether related to a suit or not.

ARTICLE 2 SALE OF EQUITY AND PRICE

2.1  Subject to the terms hereof, Party A shall sell and transfer the Equity and
     all rights incidental to it (including without limitation the Equity and
     its respective share of the reserve fund, undistributed profits, payable
     profits, and any dividends and share interest to be distributed after the
     execution of this Agreement), free from any Encumbrances, and Party B shall
     purchase and acquire from Party A the Equity and all rights incidental
     thereto free from any Encumbrances.

2.2  Party A and Party B agree that the Equity shall be transferred at the price
     of RMB ____ per share. The total price for the transfer of the Equity shall
     be RMB __________. Party B shall pay to Party A an amount equivalent to the
     total Transfer Price in US dollars or in any other freely convertible
     currency agreed upon by the Parties. The exchange rate shall be the mean
     rate as quoted by the People's Bank of China on the date of payment of the
     Transfer Price, which shall be confirmed by the Parties orally or in
     writing.

ARTICLE 3 CONDITION PRECEDENT

     Party A and Party B agree that the effectiveness of the Agreement shall be
preconditioned on the approval of this Agreement by the Ministry of Commerce of
the People's Republic of China.

ARTICLE 4 CLOSING AND PAYMENT OF THE TRANSFER PRICE

4.1  Party A shall undertake to complete relevant procedures for approval of the
     transfer of the Mindray Equity promptly after the execution hereof.

4.2  Party B shall pay to Party A the full amount of the Transfer Price within
     three months after the approval by the Ministry of Commerce. The said
     amount shall be wired by Party B to the bank account designated by Party A.
     Upon receiving the amount, Party A shall confirm in writing such payment by
     providing a valid receipt.

4.3  Party A shall cause Mindray to complete the registration of change in
     connection with the equity transfer within thirty business days after the
     approval by the Ministry of Commerce.

ARTICLE 5 SHARING MINDRAY'S PROFITS AND LOSSES

5.1  Party A and Party B agree that as of the Closing Date, the Equity and all
     rights incidental thereto (as defined in Article 2.1 hereof) shall belong
     to Party B.

<PAGE>

5.2  As of the Closing Date, Party B shall have, on a pro-rata basis according
     to its equity holding in Mindray, a share of Mindray's profits, losses,
     risks, claims and liabilities.

ARTICLE 6 SHARE OF EXPENSES AND TAX LIABILITIES

     Expenses to be paid in connection with the Equity transfer, such as the
expenses for certification and for registration of change after the equity
transfer, shall be shared by Party A and Party B on a 50-50 basis. Method of
payment of such expenses shall be as agreed upon by the Parties. The Parties
shall assume their respective shares of all tax liabilities in connection with
the Equity transfer in accordance with relevant laws and regulations. Party A
shall not object to any tax payments which are withheld by Party B as required
by any relevant law, but Party B shall provide valid invoices or evidentiary
documents substantiating its payment of any such taxes on Party A's behalf.

ARTICLE 7 PARTY A'S REPRESENTATIONS AND WARRANTIES

7.1  Party A is a company duly established and validly existing under PRC laws,
     and has all the necessary powers and authorizations to execute this
     Agreement;

7.2  The person who executes this Agreement on behalf of Party A has been duly
     authorized to execute this Agreement on Party A's behalf.

ARTICLE 8 PARTY B'S REPRESENTATIONS AND WARRANTIES

8.1  Party B is a company duly established and validly existing under the laws
     of the British Virgin Islands, and has all the necessary powers and
     authorizations to execute this Agreement;

8.2  The person who executes this Agreement on behalf of Party B has been duly
     authorized to execute this Agreement on Party B's behalf.

8.3  The funds which Party B will use to purchase the Equity are from lawful
     sources and are free from any third-party claims.

ARITLCE 9 BREACH AND CLAIMS FOR BREACH

9.1  Party A's breaches include but are not limited to the following:

(1)  Breach of any of its representations and warranties;

(2)  Breach of any of the terms regarding Party A's liability hereunder, or any
     of the agreed terms required of Party A by Party B.

9.2  For any breach on its part, Party A shall pay to Party B a liquidated
     damage which shall be 20% of the Transfer Price, and shall continue to
     perform its obligations hereunder. If

<PAGE>

     the liquidated damage falls short of compensating Party B for its actual or
     probable losses, Party B shall have the right to seek additional damages
     from Party A.

9.3  Party B's breaches include but are not limited to the following:

(1)  Breach of any of its representations and warranties;

(2)  Breach of any of the terms regarding Party B's liability hereunder.

9.4  For each day of delay in its payment of the amount hereunder, Party B shall
     pay to Party A a 0.03% penalty on the amount due.

     For any other breach on the part of Party B, Party B shall pay to Party A a
liquidated damage which shall be 20% of the Transfer Price, and Party A may
require that Party B continue to perform its obligations hereunder.

ARICLE 10 FORCE MAJEURE

     In the event of any failure to perform this Agreement in whole or in part
due to the impact of a force majeure event (such as earthquake, typhoon, flood,
fire, war), the Party affected by such force majeure event shall notify the
other Party of the occurrence of such event by telegram or other means of
written communication, and shall provide within 7 days thereafter detailed
account of the force majeure event and valid certification proving the
impossibility of performing this Agreement in whole or in part, or the reasons
for the need to postpone performance. The Parties shall have consultations to
decide in writing, in the light of the impact of such force majeure event on the
performance hereunder, whether this Agreement shall be rescinded, whether the
affected Party shall be partially excused from its liability to perform, or
whether performance hereunder shall be postponed.

ARTICLE 11 AMENDMENTS

     Amendments to this Agreement shall only be effective after they have been
agreed upon in writing between the Parties and approved by the relevant
administrative department.

ARTICLE 12 GOVERNING LAW, DISPUTE RESOLUTION

12.1 The execution, effectiveness, interpretation, enforcement and termination
     of this Agreement as well as amendment hereto shall be governed by the PRC
     laws which are published from time to time. Matters not covered under any
     published PRC law shall be governed by generally accepted international
     practice.

12.2 Any dispute arising out of or in connection with this Agreement shall be
     resolved through consultation between the Parties. If a dispute can not be
     resolved within sixty (60) days after friendly consultation begins or
     within such longer period as the Parties may agree, either Party may submit
     the dispute to the Shenzhen Arbitration Commission for arbitration in
     accordance with its rules effective at the time of such submission. The
     arbitration award shall be final and binding on the Parties.

<PAGE>

ARTICLE 13 OTHERS

     This Agreement shall be executed in eight counterparts, with one for each
of the Parties, one for Mindray, and the rest for the approval and registration
authorities for the transfer of the Equity. All counterparts are of the same
legal effect.

(The remaining part of this page is left blank, and the next page shall be the
signature page.)

<PAGE>

PARTY A: _____________________

Authorized Signature of Legal/Authorized Representative: _______________________

Date: _________________

PARTY B: ______________________

Authorized Signature of Legal/Authorized Representative: _______________________

Date:  ________________
<PAGE>

                              EQUITY TRANSFER CHART

Form B

<TABLE>
<CAPTION>
                                                                                                     NUMBER OF    AMOUNT PAID
   DATE                          TRANSFEROR                                  TRANSFEREE               SHARES         (RMB)
   ----      --------------------------------------------------   -------------------------------   ----------   -------------
<S>          <C>                                                  <C>                               <C>          <C>
2005/06/15   Sino Elegant Limited                                 Greatest Elite Limited             1,114,786    1,962,023.36
2005/06/15   China Merit Enterprises Limited                      Greatest Elite Limited             1,238,659    2,180,039.84
2005/06/15   Capital China Enterprises Limited                    Greatest Elite Limited               619,336    1,090,031.36
2005/06/15   New Dragon (No. 12) Investments Limited              Greatest Elite Limited             7,431,948   13,080,228.48
2005/06/15   Shenzhen Langfeng Industry Development Co., Ltd.     Greatest Elite Limited             1,032,000    1,816,320.00
2005/06/15   Shenzhen Bailihong Technology Investment Co., Ltd.   Greatest Elite Limited             1,000,000    1,760,000.00
2005/06/15   Dragon City International Investment Limited         Greatest Elite Limited             1,857,995    3,270,071.20
2005/06/15   Shenzhen Huijie Investment Co., Ltd.                 Greatest Elite Limited             1,200,000    2,112,000.00
2005/06/15   Jiangsu Zhongchengxin Investment Co., Ltd.           Greatest Elite Limited               600,000    1,056,000.00
2005/06/15   Shenzhen Xianrui Technology Co., Ltd.                Greatest Elite Limited             6,070,220   10,683,587.20
2005/06/15   Shenzhen Pengrui Venture Capital Co., Ltd.(1)        Greatest Elite Limited            15,392,636   27,091,039.36
2005/06/15   Alan Hu                                              Greatest Elite Limited               189,671      333,820.96
2005/06/15   Quiet Well Limited                                   Giant Glory Investments Limited   18,045,351   31,759,817.76
2005/06/15   Shanghai Huipu Industry Investment Co., Ltd.         Giant Glory Investments Limited    6,300,000   11,088,000.00
2005/06/15   Shenzhen Mingrui Venture Capital Co., Ltd.           Giant Glory Investments Limited    8,883,302   15,634,611.52
2005/06/15   Shenzhen Ruiyang Technology Development Co., Ltd.    Giant Glory Investments Limited    3,736,149    6,575,622.24

2006/02/20   Legend New-Tech Investment Limited                   Greatest Elite Limited             2,000,000       3,520,000
2006/02/20   Shenzhen Mingrui Venture Capital Co., Ltd.           Greatest Elite Limited             5,649,646    9,943,376.96
</TABLE>

----------
(1)  Now it has been renamed as Shenzhen Pengrui Technology Co., Ltd.

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