Document:

Translation of First Beneficiary General Meeting Resolutions

 Exhibit 4.85 
 2011 Zhongcheng Trust Huainan Ninetowns Investment Trust Plan 

Resolution of the First Beneficiaries’ Meeting 
 I. Holding and Convening of the Meeting 
 1. Holding time of the meeting: February 3,
2012 
 2. Means of meeting holding: by communications 
 3. Meeting convener: Zhongcheng Trust Co., Ltd. 
 4. Means of voting at the meeting: this
beneficiaries’ meeting adopts the means of written voting by open ballot. 
 II. Attendances at the Meeting 

The beneficiaries representing 100% trust units of this trust plan participated in this beneficiaries’ meeting. This conforms to the provisions of
Article 18 of the Fund Trust Contract of 2011 Zhongcheng Trust Huainan Ninetowns Investment Project (hereafter the “Trust Contract”). 

III. Voting on the Matters to be Examined 

This beneficiaries’ meeting adopts the means of written voting by open ballot. This meeting examined and approved the Matters to be Examined at the
First Beneficiaries’ Meeting of 2011 Zhongcheng Trust Huainan Ninetowns Investment Trust Plan by means of voting by open ballot. The specific voting result is as follows: 
 For the matter to be examined (1): 310,000,000 affirmative votes, account for 100% of voting trust units present at the meeting; 0 dissenting votes, account for 0% of voting trust units present at the
meeting. 
 For the matter to be examined (2): 310,000,000 affirmative votes, account for 100% of voting trust units present at the meeting; 0
dissenting votes, account for 0% of voting trust units present at the meeting. 
 IV. Contents of Resolution 

Through the effective voting of the beneficiaries present at this beneficiaries’ meeting, the following resolution is formed: 

1. Approve the implementation plan compiled by the trustee for the premature termination of the trust plan: 

(1) The termination date of the trust plan is February 9, 2012; 
 (2) Due to the reason of the debtor under the trust plan, i.e. Huainan Huacheng Property Co., Ltd. (hereafter “Huainan Huacheng”), applied for its premature repayment of all the

 
debts owed to the trust plan. To this end, Huainan Huacheng proposed to make appropriate compensation to the trust plan. Method of compensation is: the time for the payment of fund occupation fee
by Huainan Huacheng to trustee is extended to February 29, 2012. 
 (3) After receiving all the claims and fund occupation fee from Huainan
Huacheng and upon termination of this trust plan, the trustee will distribute certain trust property (the amount of certain trust property is calculated below: [principal of preferred trust plan assets + principal of preferred trust plan assets *
14%/year * (actual number of days from founding date of trust plan (inclusive) to February 29, 2012 (inclusive)/365)]) in the following sequence according to the provisions of Article 17 of the Trust Contract: 

 

	 	•	 	 Pay taxes and trust management fee as per the actual amount; 

 

	 	•	 	 Return the principal of preferred trust plan assets and distribute the net trust proceeds computed until February 29, 2012 at the expected yield
rate to the preferred beneficiary; 

  

	 	•	 	 The balance is the trust remuneration collected by the trustee. 

 (4) Upon completion of the return of the said certain trust property, the trustee will return the remaining trust property (including the 90% equity held by this Trust Plan in Huainan Ninetowns Yiju
Property Co., Ltd. and the remaining trust property in currency form) to the general beneficiary on AS IS basis. 
 2. Approve the trustee to
sign the Supplementary Agreement to Claims Transfer Contract and the Equity Transfer Agreement with relevant parties in respect of the matters in Paragraph 1, Article IV. 
 V. Validity of Meeting’s Resolution 
 This resolution is an integral part of the trust
plan document. In the meantime, the trustee will sign the Supplementary Agreement to Claims Transfer Contract and the Equity Transfer Agreement with relevant parties on the basis of the contents of the adopted resolution and handle relevant matters.

 Zhongcheng Trust Co., Ltd. (seal) 
 (Company Seal)[seal: Zhongcheng Trust Co., Ltd. ] 
 February 3, 2012Translation of Supplemental Agreement

 Supplemental Agreement to Debt Transfer Contract 

Exhibit 4.86 

Supplemental Agreement 
 to Creditor’s Rights Assignment Agreement 
 No.: 2011 Zhongcheng Trust
Huainan Ninetowns Investment Trust Creditor’s Rights 
 Transfer No. 01 Supplement No. 01 

Party A (the “Transferor”): Beijing Ninetowns Ports Software and Technology Co., Ltd. 

Registered address: 14# Building, Area 7, No.188 West Road, South No.4 Ring Road, Fengtai District, Beijing 

Legal representative: Wang Quan 
 Tel.:
010-65899294                                     Fax: 010-65899966

 Party B (the “Transferee”): Zhongcheng Trust Co., Ltd. 
 Registered address: No.2, Anwai Street, Dongcheng District, Beijing 
 Legal representative: Deng
Hongguo 
 Tel.:
010-84267000                                     Fax: 010-84267100

 Party C (the “Debtor”): Huainan Huacheng Estate Co., Ltd. 
 Registered address: Relocation Food Market behind Jinshan Garden, Sanhe Township, Shannan New Area, Tianjiaan District, Huainan City, Anhui Province 

Legal representative: Wu Jianhui 
 Tel.:
0554-6669713                                     Fax: 0554-6669713

 WHEREAS, 
 Party A, Party B
and Party C have entered into the Creditor’s Rights Assignment Agreement (No.: 2011 Zhongcheng Trust Huainan Ninetowns Investment Trust Creditor’s Rights Transfer No.01) (hereafter the “Original Agreement”) on
June 28, 2011; 
 NOW, THEREFORE, Party A, Party B and Party C, after negotiations, agree to make the following amendments to the
Original Agreement. 
 Item 3, Paragraph 2, Article I of the Original Agreement is amended as follows: 

Party C shall repay all the Target Debt in lump sum to Party B before February 9, 2012 (inclusive) and pay to Party B the fund occupation fee
payable but unpaid according to the following formula: 
 Payable but unpaid fund occupation fee = Principal the Target Debt held by the
trust plan X annual rate of fund occupation fee X actual number of days from July 19, 2011 (inclusive) to February 29, 2012 (inclusive)/365 

 Supplemental Agreement to Debt Transfer Contract 

 

 Party C shall pay the said payable but unpaid fund occupation fee and the principal of all the Target
Debt to Party B’s bank account for receiving fund occupation fee and the principal of the Target Debt before February 9, 2012 (inclusive). 
 2. This Agreement is an integral part of the Original Agreement and has the same effect as the Original Agreement. In case of any inconsistency or conflict between the provisions of this Agreement and the
provisions of the Original Agreement, the provisions of this Agreement shall prevail. If this Agreement is silent, the provisions of the Original Agreement shall apply. 
 3. This Agreement shall become effective after it is signed by the legal representatives of Party A, Party B and Party C and affixed with their respective company seals or contract seals. 

4. This Agreement is executed in four counterparts, two ones for Party B, one for each of Party A and Party C. all the counterparts shall have the same
legal effect. 
 5. This Agreement is signed in Dongcheng District, Beijing by Party A, Party B and Party C on February 3, 2012.

 (Remainder of this page intentionally left blank) 

 Supplemental Agreement to Debt Transfer Contract 

 

 (No main body in this page. Signature page of the Supplemental Agreement to Creditor’s Rights
Assignment Agreement numbered 2011 Zhongcheng Trust Huainan Ninetowns Investment Trust Creditor’s Rights Transfer No.01 Supplement No.01) 

Party A (Transferor): Beijing Ninetowns Ports Software and Technology Co., Ltd. 
 (Company Seal)[seal: Beijing Ninetowns Ports Software and Technology Co., Ltd.] 
 Legal
representative (or authorized agent): /s/ Wang Shuang 
 Party B (Transferee): Zhongcheng Trust Co., Ltd. (Company
Seal)[seal: Zhongcheng Trust Co., Ltd. ] 
 Legal representative (or authorized agent): /s/ Deng Hongguo 

Party C (Debtor): Huainan Huacheng Estate Co., Ltd. (Company Seal)[seal: Huainan Huacheng Estate Co., Ltd.] 

Legal representative (or authorized agent): /s/ Wu JianhuiTranslation of Equity Transfer Agreement

 Exhibit 4.87 
 Equity Transfer Agreement 
 No.: 2011 Zhongcheng Trust Huainan Ninetowns Investment Trust
Equity Transfer No.01 
 Party A (the “Transferor”): Zhongcheng Trust Co., Ltd. 

Party B (the “Transferee”): Beijing Ninetowns Port Software and Technology Co., Ltd. 

In accordance with the Company Law, the Contract Law as well as the resolutions adopted by the shareholders’ general meeting dated March 19,
2012, Party A and Party B, adhering to the principles of free will, fairness, honesty and credibility, hereby enter into this Agreement with respect to the equity transfer and agree to be bound by the terms and conditions herein. 

I. Standard and Price of Equity Transfer 
 1.
Party A will transfer all its equity interests in Beijing Ninetowns Suitable Estate Co., Ltd. (RMB90 million) to Party B on 1:1 basis. 
 2.
Party B shall pay up the full equity transfer price to Party A within 30 days following the execution of this Agreement. 
 3. Following the
effectiveness of this Agreement, the shareholder’s equity, claims and debts formerly enjoyed and assumed by Party A in connection with Beijing Ninetowns Suitable Estate Co., Ltd. shall be passed to Party B. 

II. Undertakings and Warranties 
 Party A
warrants that it has the full and effective right to dispose of its equity to be transferred to Party B and such equity is free of any pledge and third-party recourse. Otherwise, Party A shall bear any and all economic and legal responsibilities
arising as a result thereof. 
 III. Resolution of Disputes and Defaults 
 1. A default shall be constituted if either party fails to perform its obligations hereunder. The defaulting party shall bear the corresponding defaulting liability. 

2. Any dispute arising from the performance of this Agreement shall be resolved by both parties by friendly and amicable consultation. If no resolution
can be reached, either party may file a lawsuit before the people’s court in accordance with law. 
 IV. Effectiveness of Agreement

 1. This Agreement shall enter into force upon signing and stamping by both parties. As from the effective date hereof, the new shareholder
shall enjoy its rights and perform its obligations as a shareholder. 

 2. This Agreement is executed in five counterparts, two ones for Party A, one for Party B, one for the
company and one for the industrial and commercial administration. 
 Party A: Zhongcheng Trust Co., Ltd. (seal) 

(Company Seal)[seal: Zhongcheng Trust Co., Ltd. ] 
 /s/ Deng Hongguo 
 Party B: Beijing Ninetowns Port Software and Technology Co., Ltd.
(seal) 
 (Company Seal)[seal: Beijing Ninetowns Ports Software and Technology Co., Ltd.] 

/s/ Wang Shuang 

March 19, 2012

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