Document:

Loan Agreement, dated October 25, 2005

 Exhibit 4.65 
 LOAN AGREEMENT 
 The Loan Agreement (the “Agreement”) is signed on October 29, 2005 by and between:

  

	(1)	Whole Win Investment Ltd. (the “Lender”), a limited liability company organized in British Virgin Islands, whose address is P.O. Box 957, Offshore Incorporations Center,
Road Town Tortola, British Virgin Islands. 

  

	(2)	Zhang Mingjin (the “Borrower”), 

 Gender: Female

 ID number: 110105197608191146 
 Address: Room1102 and 1104, Unit 2, No.28 Building, Jin Tai Lane, Chaoyang District, Beijing. 
 The Lender and Borrower are individually referred
to as a “Party” and collectively the “Parties” 
 WHEREAS, 
 The Borrower, a shareholder of Startone (Beijing) Information Technology Co., Ltd. (the “Borrower Company”), a limited liability company registered in China, owns 49% of the equity in Borrower Company

 The Parties, through friendly negotiation, enter into the Agreement as follows: 
  

	1.	Loan 

  

	1.1	The Lender agrees to supply the Borrower a long-term loan of RMB4,900,000 (the “Loan”) in accordance with the conditions and provisions of this agreement. The term
of this Loan will be 10 years and shall be automatically extended upon the agreement of the Parties. The Borrower shall immediately repay the loan in advance in the event that: 

  

	 	(1)	The Borrower dies or becomes a person with no or limited capacity of civil conduct; 

  

	 	(2)	The Borrower leaves its office in or is dismissed by the Lender or its affiliate; 

  

	 	(3)	The Borrower commits crime or is involved in crime; 

  

	 	(4)	Any third party claims to the Borrower for a debt exceeding RMB500,000 (five hundred thousand); and 

  

	 	(5)	Subject to the laws of the People’s Republic of China (hereinafter referred to as the “PRC”) laws, the foreign investor is able to invest in value-added
telecommunication business and the relevant authority has commenced to examine and approve such investment. 

  

	1.2	The Lender agrees that, if all conditions precedent in Article 2 are satisfied, the Lender shall remit this Loan in lump sum to the account appointed by the Borrower within 7 days
after receiving a written notice to use this Loan from the Borrower. Simultaneously, the Borrower shall provide the Borrower with a receipt letter for confirmation. The commitments made by the Lender under this clause shall be applied to the
Borrower other than its assignee or successor. 

  

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	1.3	The Borrower agrees to accept this Loan, and hereby acknowledges and warrants that, this Loan shall be used for the only purpose of providing funds for Borrower Company. Without the
Lender’s prior written consent, the Borrower shall neither transfer or pledge its equity interest or other interest in the Borrower Company hereunder to any other third party nor use this Loan for any other purpose. 

  

	1.4	The Lender and the Borrower hereby jointly acknowledge and confirm that the Borrower shall repay the loan only in the following way: the Borrower shall transfer all Borrower Equity
in the Borrower Company to the Lender or any third party (legal person of natural person) designated by the Lender. 

  

	1.5	The Lender and the Borrower hereby jointly acknowledge and confirm that, any fund or profit obtained by the Borrower from the Borrower Equity transfer shall be used to repay the
Loan by the Borrower in the way agreed by the Lender in accordance with this Agreement and the Agreement shall terminate at the same time. 

  

	1.6	The Lender and the Borrower hereby jointly acknowledge and confirm that, subject to the applicable laws, the Lender is entitled without obligation to purchase in person or appoint
any third party (legal person of natural person) to purchase part or all of the equity interest held by the Borrower in the Borrower Company. 

 The Borrower warrants that it shall execute an irrevocable Power of Attorney to authorize a person designated by the Lender to exercise all the shareholder rights in the Borrower Company on its behalf. 
  

	1.7	The interest of the Loan 

 When the Borrower transfers its
equity interest in the Borrower Company to the Lender or to the person appointed by the Lender, if the transfer price is equal to or less than the principal of the Loan under this Agreement, the Loan shall be deemed as a loan without interest.
However, if the transfer price is higher than the principal of the loan under this Agreement, the part exceeding the principal shall be deemed as the interest of the Loan under this Agreement and shall be repaid by the Borrower to the Lender.

  

	2.	Conditions Precedent 

 The Lender has the obligation to offer the
Borrower the Loan according to the Article 1.1 after all the following conditions are satisfied or waived in writing by the Lender: 
  

	2.1	The Lender has duly received the drawing notice formally executed by the Borrower pursuant to the Article 1.2 hereof. 

  

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	2.2	The Borrower and the Heng Dong Wei Xin (Beijing) Science and Technology Company Limited entered into a share pledge agreement (the “Share Pledge Agreement”), in which the
Borrower agreed to pledge the Borrower Equity to the Heng Dong Wei Xin (Beijing) Science and Technology Company Limited. 

  

	2.3	The Borrower, the Lender and the Borrower Company entered into an exclusive option Agreement (the “Exclusive Option Agreement”), in which the Borrower shall irrevocably
grant the Lender an exclusive option to purchase all the Borrower Equity subject to the PRC laws. 

  

	2.4	The Share Pledge Agreement and the Exclusive Option Agreement are valid and effective without any default events hereto, and all relevant formalities of filing, approval,
authorization, registration and governmental permits have been acquired and obtained (if necessary). 

  

	2.5	The Borrower’s representations and warranties of the Article 3.2 are authentic, complete, true and non-misunderstanding and the same as of the Drawing Notice Date and the
Drawing Date. 

  

	2.6	The Borrower didn’t violate any commitments provided in Article 4 hereof, and no events that may affect the Borrower’s performance of this Agreement occurred or will
occur. 

  

	3.	Representations and Warranties 

  

	3.1	During the terms of this Agreement, the Lender makes the following representations and warranties to the Borrower: 

  

	 	(a)	The Lender is a company registered and validly existing under the laws of British Virgin Islands; 

  

	 	(b)	The Lender is entitled to sign and perform the agreement. The execution and performance of this Agreement is in compliance with the Lender’s business scope, the Lender’s
Articles of Association and other constitutional documents. The Lender has obtained all necessary and proper approvals and authorizations to execute or perform this Agreement; 

  

	 	(c)	The Lender’s execution and performance of this Agreement didn’t violate any laws, regulations, or government approvals, authorizations, circular or any other government
documents, or any agreement between the Lender and any third party, or any warranties, undertakings to any third party; and 

  

	 	(d)	This Agreement shall constitute effective and enforceable obligations of the Lender upon execution. 

  

	3.2	During the terms of this Agreement, the Borrower makes the representations and warranties as follows: 

  

	 	(a)	The Borrower Company is a limited liability company organized and validly existing under the laws of PRC and the Borrower is a legal shareholder of the Borrower Company;

  

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	 	(b)	The Borrower is entitled to sign and perform the agreement. The execution and performance of this Agreement is in compliance with the Borrower’s business scope, the
Borrower’s Articles of Association and other constitutional documents. The Borrower has obtained all necessary and proper approvals and authorizations to execute and perform this Agreement; 

  

	 	(c)	The Borrower’s execution and performance of this Agreement didn’t violate any laws, regulations, or government approvals, authorizations, circular or any other government
documents, or any agreement between the Borrower and any third party, or any warranties, undertakings to any third party; 

  

	 	(d)	This Agreement shall constitute effective and enforceable obligations of the Borrower upon execution; 

  

	 	(e)	The Borrower has fulfilled its capital contribution in connection with the Borrower Equity and obtained a capital verification report issued by a qualified accountant office
regarding the fulfillment of the capital contribution to the Borrower Company; 

  

	 	(f)	Except as otherwise provided under Share Pledge Agreement, the Borrower didn’t make any mortgage, pledge or any other security on the Borrower Equity, or offer any third party
the transfer of Borrower Equity, or accept any offer to purchase Borrower Equity from any third party, or reach any agreement with any third party to transfer Borrower Equity; 

  

	 	(g)	There is no dispute, litigation, arbitration, administrative proceedings or any other legal proceedings related to the Borrower and /or the Borrower Equity, whether occurred or stay
potential; and 

  

	 	(h)	The Borrower Company has obtained and acquired all government approvals, authorizations, licenses, registrations and filings in connection with its assets and operation within its
business scope. 

  

	4.	Covenants and Undertakings of Borrower 

  

	4.1	The Borrower, as one of the major shareholders of the Borrower Company, hereby undertake to procure with all efforts the Borrower Company to observe the following terms during the
term of this Agreement: 

  

	 	(a)	It shall not amend, change or modify in any way its Article of Association, or increase or decrease its registered capital, or reform in any way the shareholding structure without
the prior written consent of the Lender; 

  

	 	(b)	It shall maintain its business operation and deal with its business duly and diligently in accordance with the good financial and commercial codes and practices;

  

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	 	(c)	It shall not sell, assign, transfer, pledge or dispose in any way any rights or benefits in connection with its asset, business or income, or create any other security interest over
the same without the prior written consent of the Lender after execution of this Agreement; 

  

	 	(d)	It shall not conduct, assume, guarantee or bear any debt without the prior written consent of the Lender, except that (i) the debts are incurred in the normal or daily business
other than through a loan; (ii) the debts have been disclosed to the Lender where a written consent has been obtained; 

  

	 	(e)	It shall operate all of its businesses in the ordinary course of business to maintain its asset value; 

  

	 	(f)	It shall not enter into any material agreements or contracts without the prior written consent of the Lender, except those entered into in the ordinary course of business (for the
purpose of this paragraph, any Agreement with a value exceeding RMB100,000 shall be deemed as a material Agreement); 

  

	 	(g)	It shall not provide any loan or credit for any party without the prior written consent of the Lender; 

  

	 	(h)	It shall provide the Lender with the information in connection with its finance or business as required; 

  

	 	(i)	It shall purchase and hold insurance policies from the insurance company accepted by the Lender. The insured amount and category shall be equal to or in the same level as those of
the companies with the similar business, assets and properties in the same district; 

  

	 	(j)	It shall not acquire, invest in, merge or consolidate with any party without the prior written consent of the Lender; 

  

	 	(k)	It shall notify the Lender immediately when any legal action, arbitration or administrative proceedings relating to its assets, operations and incomes occurs or is likely to occur;

  

	 	(l)	For the purpose of maintaining property rights to all of its assets, it shall execute all necessary or proper documents, take all necessary or proper actions, bring forward all
necessary or proper claims, and conduct all necessary or proper defenses against any third party’s claim; 

  

	 	(m)	It shall not distribute in any way any bonus or dividends to its shareholders without the prior written consent of the Lender, however, it shall immediately allot all distributable
profits to its shareholders on the request of the Lender; 

  

	 	(n)	It shall appoint any person designated by the Lender as the director of the Borrower Company on the request of the Lender; and 

  

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	 	(o)	It shall strictly observe the provisions under the “Exclusive Option Agreement” without conducting any action or non-action that will materially affect the validity and
enforceability of the “Exclusive Option Agreement”. 

  

	4.2	The Borrower further undertakes during the term of this Agreement as follows: 

  

	 	(a)	Except as otherwise provided in the Share Pledge Agreement, it shall not sell, assign, transfer, pledge or dispose in any way any legal rights or benefits in connection with the
Borrower Equity, or create any other security interest over the same, without the prior written consent of the Lender; 

  

	 	(b)	It shall procure that the shareholders’ meeting, without the prior written consent of the Lender, shall not approve any sale, assignment, transfer, pledge or disposal in any
way of any legal rights or benefits in connection with the Borrower Equity or any creation of any other security interest over the same, except which the Lender or the person appointed by the Lender is a party; 

  

	 	(c)	It shall procure that its shareholders’ meeting shall not approve the Borrower Company’s acquisition of, investment in, merger or consolidation with any party without the
prior written consent of the Lender; 

  

	 	(d)	It shall notify the Lender immediately when any legal action, arbitration or administrative proceedings relating to Borrower Equity occurs or is likely to occur;

  

	 	(e)	For the purpose of maintaining all rights to the Company Equity, it shall execute all necessary or proper documents, take all necessary or proper actions, bring forward all
necessary or proper claims, and conduct all necessary or proper defenses against any third party’s claim; 

  

	 	(f)	It shall not conduct any action or non-action that will materially affect the assets, business, or liability of the Borrower Company without the prior written consent of the Lender;

  

	 	(g)	It shall appoint any person designated by the Lender as the director of the Borrower Company on the request of the Lender; 

  

	 	(h)	Subject to PRC laws, if requested by the holding company of the Lender, it shall unconditionally transfer all its equity in the Borrower Company to the Lender or the
representative(s) designated by the Lender at any time and procure the other shareholder(s) in the Borrower Company to waive the right of first refusal in connection with the equity mentioned above; 

  

	 	(i)	Subject to PRC laws, if requested by the holding company of the Lender, it shall procure that the other shareholder in the Borrower Company shall unconditionally transfer to the
Lender or the representative(s) designated by the Lender all equity in the Borrower Company at any time and hereby the Borrower waives the right of first refusal in connection with the equity mentioned above; 

  

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	 	(j)	If the Lender purchases the Borrower Equity pursuant to the “Exclusive Option Agreement”, the Borrower shall repay the Lender in priority from the above consideration paid
by the Lender; and 

  

	 	(k)	It shall strictly observe and perform the obligations and other provisions under the Share Pledge Agreement, the Exclusive Option Agreement and this Agreement without conducting any
action or non-action which will materially affect the validity and enforceability of the Share Pledge Agreement, the Exclusive Option Agreement and this Agreement. 

  

	5.	Defaults 

 If the Borrower fails to perform his
repayment obligation pursuant to the agreement, an overdue interest at the rate of 0.01% per day upon the outstanding amount of the loan shall be payable to the Lender until the Borrower has repaid all the principal, overdue interest and other
related amount. 
  

	6.	Notices 

 Unless a written notice of change of
address is issued, all correspondence relating to this Agreement shall be delivered in person, or by facsimile, or by registered mail to the following addresses. If the notice is delivered by registered mail, the date on the return receipt is the
delivery day. If the notice is delivered in person or by fax, the date when the notice is sent is the delivery day. If the notice is delivered by fax, the original shall be delivered immediately to the following address in person or by registered
mail: 
  

			
	The Lender:	  	Whole Win Investments Limited.
	Address:	  	8/F, West Block 3, Oriental Plaza, East Chang’an Road, Dongcheng District, Beijing, PRC
	Fax:	  	010-85181160
		
	The Borrower:	  	Zhang Mingjin
	Address :	  	8/F, West Block 3, Oriental Plaza, East Chang’an Road, Dongcheng District, Beijing, PRC

  

	7.	Confidentiality 

 The Parties acknowledge and
confirm that all the oral or written information in connection with this Agreement is the confidential information. Both Parties shall keep them confidential, and shall not disclose such confidential information to any third party without the prior
written consent of the other party except that: (a) such information has been disclosed or is to be disclosed to the public (except being disclosed to the public by the information recipient without the consent of the other party);
(b) such information shall be disclosed to the public in accordance with the Hong Kong laws or the regulations or practices of the Hong Kong Stock Exchanges; or (c) such information need to be disclosed to the legal counsel or the
financial advisor who shall bear the confidential obligations hereof, however, if the this Article is violated by the employees or the engaged third parties, it shall be deemed as violated by the Party who employs or engages such persons. The
Parties agree that this article shall survive any termination of this Agreement. 
  

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	8.	Governing Law and Dispute Settlement 

  

	8.1	The conclusion, validity, construction, performance, modification, termination and the dispute’s resolution of the agreement shall be governed by or in accordance with PRC
laws. 

  

	8.2	All disputes arising from the interpretation and performance of this Agreement shall initially be resolved by amicable negotiations. If no settlement is concluded within 30 days
after a written notice for negotiation is sent to the other Party, either Party shall have right to submit the dispute to China International Economic and Trade Arbitration Commission (the “CIETAC”) and the arbitration proceedings shall
take place in Beijing in accordance with the current rules of CIETAC. The arbitration award shall be final and binding upon all the Parties. 

  

	8.3	In case of any disputes arising out of the interpretation and performance of this Agreement or any pending arbitration of such disputes, each Party shall continue to perform their
rights and obligations under this Agreement, except for the matters involved in the disputes. 

  

	9.	Miscellaneous 

  

	9.1	This Agreement shall come into effect on the execution date and expire when the parties have fulfilled their respective obligations under this Agreement. 

 

	9.2	This Agreement is made in two duplicates and each of them has equal legal effect. 

  

	9.3	This Agreement may be modified and supplemented in written form. The modification and/or supplement to this Agreement shall be deemed as an inseparable part of this Agreement with
equal legal effect. 

  

	9.4	Any invalid article under this Agreement shall not affect the validity of other articles under this Agreement. 

  

	9.5	The annexes to this Agreement shall be deemed as inseparable parts of this Agreement and have the equal legal binding effect to this Agreement. 

  

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	Lender: Whole Win Investments Ltd.
		
	Representative:	 	Fan Tai
		
	Signature:	 	 /s/ Fan Tai

		
	Seal:	 	
		
	Borrower:	 	Zhang Mingjing
		
	Signature:	 	 /s/ Zhang Mingjin

  

 9Power of Attorney, dated October 25, 2005

 Exhibit 4.66 
 Power of Attorney 
 I, Zhang Mingjin, a PRC citizen whose PRC Passport number is 110105197608191146, hereby
irrevocably authorize Liu Binghai to exercise the following rights during the term of this Power of Attorney: 
 Liu Binghai may, on my behalf, exercise all
the voting rights as a shareholder of Startone (Beijing) Information Technology Co., Ltd. (the “Company”) by law and by articles of association in shareholders meeting of the Company with all powers, including but not limited to, sale or
transfer of all or part of the shares in the Company and assignment and appointment of the directors and general manager of the Company as an authorized representative. 
 The above-mentioned authorization and attorney are based on the following assumptions: Liu Binghai is an employee of Heng Dong Wei Xin (Beijing) Technology Co., Ltd and Heng Dong Wei Xin (Beijing) Technology Co., Ltd.
approves of such authorization and attorney. Once Liu Binghai is no longer employed by Heng Dong Wei Xin (Beijing) Technology Co., Ltd. or Heng Dong Wei Xin (Beijing) Technology Co., Ltd. gives a written notice of replacing its attorney, I shall
forthwith recall the attorney and authorization herein and appoint/authorize other employees assigned by Heng Dong Wei Xin (Beijing) Technology Co., Ltd. to exercise all the voting rights owed by a shareholder of the Company in the shareholders
meeting on our behalf. 
 The term of this Power of Attorney is 10 years from the execution date unless the Business Operation Agreement among Heng Dong Wei
Xin (Beijing) Technology Co., Ltd., Shen Da Hong Tong Information and Technology Co., Ltd., Liu Binghai and I is terminated before expiry whatsoever. 
  

	
	Signed by Zhang Mingjin
	
	 /s/ Zhang Mingjin

	Date: October 25, 2005

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