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                                                                   EXHIBIT 10.24

     AGREEMENT REGARDING THE TRANSFER OF PERSONNEL, FINANCES AND ASSETS NOT
               DIRECTLY RELATED TO MOBILE COMMUNICATIONS SERVICES

         This Agreement Regarding the Transfer of Personnel, Finances and Assets
Not Directly Related to Mobile Communications Services (the "Agreement") is
executed by the following three parties on August 30, 2000 in Tianjin:

1.       CHINA MOBILE COMMUNICATIONS CORPORATION, a wholly state-owned limited
         liability company duly established and existing under the laws of the
         People's Republic of China ("PRC"), with its legal address at 53 A,
         Xibianmen Nei Da Jie, Xuanwu District, Beijing, PRC (the "China Mobile
         Group");

2.       TIANJIN MOBILE COMMUNICATION COMPANY LIMITED, a limited liability
         company duly established and existing under the laws of PRC, with its
         legal address at 64, Zone M, Tianjin Port Bonded Area, PRC (the
         "Tianjin Mobile"); and

3.       TIANJIN COMMUNICATION SERVICE COMPANY, a state-owned enterprise duly
         established and existing under the laws of PRC, with its legal address
         at Land Lot 64, Zone M, Tianjin Port Bonded Area, PRC (the "Service
         Company").

WHEREAS:

1.       Pursuant to the "Notice of Guidance Opinions on Establishing China
         Mobile Group" (Xin Bu Zheng [1999] No. 360) issued by the Ministry of
         Information Industry, the communication businesses and related assets,
         as well as certain other long-term investments and assets in Tianjin
         shall be transferred to and managed by China Mobile Group;

2.       Pursuant to the principles and plans regarding the transfer of
         personnel, finances and assets as stipulated in the "Notice of Guidance
         Opinions on Establishing China Mobile Group" (Xin Bu Zheng [1999] No.
         360) and the "Circular of Certain Key Issues to be Clarified in the
         Separation of Mobile Communication Businesses" (Xin Bu Zheng [1999] No.
         457) issued by the Ministry of Information Industry, the related
         personnel, finances and assets and (including but not limited to the
         "Properties", the "Non-Mobile Assets" , the "Related Personnel", the
         "Non-Mobile Long-term Investments" and the "Non-Mobile Liabilities"
         under this Agreement, each as defined in Article 1.1 hereof) will be
         owned, assumed and employed, as the case may be, by China Mobile
         Group's Tianjin subsidiary;

3.       China Mobile Group, Tianjin Mobile and the Service Company jointly
         agree that the "Properties", the "Non-Mobile Assets", the "Related
         Personnel", the "Non-Mobile Long-term Investments" and the "Non-Mobile
         Liabilities" to be

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         received by China Mobile Group's Tianjin subsidiary pursuant to the
         principles and plans regarding the transfer of personnel, finances and
         assets as stipulated by the above-mentioned documents will be directly
         transferred to, and shall be owned by, the Service Company. The
         "Properties" shall be owned by the Service Company, and part of the
         Properties shall be leased by the Service Company to Tianjin Mobile.

         In order to clarify the ownership of the "Properties", the "Non-Mobile
Assets", the "Related Personnel", the "Non-Mobile Long-term Investments" and the
"Non-Mobile Liabilities", the three Parties have reached the following
agreement:

                             ARTICLE ONE DEFINITIONS

1.1      Unless the context indicates otherwise, the following terms shall have
         the meanings as defined below:

         "PROPERTIES" shall mean all the properties listed in Appendix I of the
         Agreement - "List of Properties".

         "NON-MOBILE ASSETS AND LIABILITIES" shall mean assets and liabilities
         to be owned or assumed by China Mobile Group's Tianjin subsidiary
         pursuant to documents regarding the transfer hereunder but not included
         in the Asset Appraisal Report, with the Base Date being June 30, 2000,
         prepared by Zhongzi Asset Appraisal Company Limited.

         "RELATED PERSONNEL" shall mean the employees to be employed by the
         Service Company other than the 1212 employees employed by Tianjin
         Mobile.

         "NON-MOBILE LONG-TERM INVESTMENTS" shall mean long-term investments to
         be owned or assumed by China Mobile Group's Tianjin subsidiary pursuant
         to documents regarding the transfer hereunder but not included in the
         Asset Appraisal Report, with the Base Date of June 30, 2000, prepared
         by Zhongzi Asset Appraisal Company Limited.

         "EFFECTIVE DATE" shall mean the date on which the Agreement is
         executed.

1.2      Unless the Agreement specifies otherwise, all the articles and
         appendices referred to herein shall mean the articles and appendices of
         the Agreement. All appendices constitute an integral part of the
         Agreement.

             ARTICLE TWO TRANSFER OF PERSONNEL, FINANCES AND ASSETS

2.1      China Mobile Group, Tianjin Mobile and the Service Company jointly
         acknowledge that all the "Properties", the "Non-Mobile Assets", the
         "Related Personnel", the "Non-Mobile Long-term Investments" and the
         "Non-Mobile Liabilities" under this Agreement shall be transferred as
         of the Effective Date by China Mobile Group to, and owned, assumed or
         employed, as the case may be, by the Service Company.

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2.2      The Service Company will beneficially own the "Properties", the
         "Non-Mobile Assets"", the "Related Personnel", the "Non-Mobile
         Long-term Investments"" and the "Non-Mobile Liabilities" as of the
         Effective Date.

2.3      The Service Company shall complete the registration formalities in
         respect of the title to the Properties and pay the related fees. The
         Service Company hereby acknowledges that Tianjin Mobile will not bear
         or pay any fees or costs in respect of such registration formalities or
         any other matters in connection with the Properties to be transferred
         to the Service Company hereunder.

           ARTICLE THREE REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS

3.1      Each Party hereto warrants that it has all requisite authority, power
         and ability to execute and perform the Agreement. Once the Agreement is
         executed, it will constitute legal, valid and binding obligations to
         each of China Mobile Group, Tianjin Mobile and the Service Company.

3.2      Each of China Mobile Group and the Service Company hereby represents
         and warrants to Tianjin Mobile that, as of the Effective Date, Tianjin
         Mobile will undertake no obligations, liabilities or expenses arising
         from or in connection with the "Properties", the "Non-Mobile Assets",
         the "Related Personnel", the "Non-Mobile Long-term Investments" and/or
         the "Non-Mobile Liabilities" under the Agreement.

                      ARTICLE FOUR SETTLEMENT OF DISPUTES

4.1      Any dispute arising from or in connection with the interpretation or
         performance of this Agreement shall be settled by the Parties through
         friendly negotiations among the representatives appointed by the
         Parties for this purpose. In the case that no resolution is reached
         through consultations within 90 days after the occurrence of any
         dispute, either Party may bring an action to a competent people's court
         for its judgment.

                               ARTICLE FIVE NOTICE

5.1      Any notice to be given under the Agreement shall be made in writing and
         sent by mail, telex, telegraph and facsimile to each Party's address
         set out in the front page of the Agreement or to any other address as a
         Party may designate in writing from time to time.

5.2      Any notice shall be deemed to have been received at the time as
         follows:

         if delivered in person, at the time of delivery;

         if delivered by mail, on the date of the receipt;

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         if delivered by telex, at the time of taking back the receipt;

         if transmitted by facsimile, upon delivery.

                            ARTICLE SIX GOVERNING LAW

6.1      The Agreement shall be governed by and interpreted in accordance with
         the laws of the PRC.

                             ARTICLE SEVEN LANGUAGE

7.1      The Agreement is executed in Chinese.

                          ARTICLE EIGHT EFFECTIVE DATE

8.1      The Agreement shall come into effect upon the date when it is executed
         by the authorized representatives of the Parties.

PARTY A: CHINA MOBILE COMMUNICATIONS CORPORATION

By:       s/ XUE TAOHAI
   --------------------------------------
   (Legal or authorized representative)

PARTY B: TIANJIN MOBILE COMMUNICATION COMPANY LIMITED

By:       s/ ZHANG ZHENGSHU
   --------------------------------------
      Authorized representative

PARTY C: TIANJIN COMMUNICATION SERVICE COMPANY

By:       s/ XIN FANFEI
   --------------------------------------
      Authorized representative

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APPENDIX I

                               LIST OF PROPERTIES

         Properties shall mean, in addition to the properties included in the
Asset Appraisal Report Regarding the Assets of Tianjin Mobile Communication
Company Limited, issued by Zhongzi Asset Appraisal Company Limited and with the
base date being June 30, 2000, those properties to be owned or occupied by China
Mobile Group's Tianjin subsidiary pursuant to documents regarding the transfer
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                                                                   EXHIBIT 10.25

AGREEMENT ON THE CONFIRMATION OF THE TRANSFER OF PERSONNEL, FINANCES AND ASSETS
                     AND THE RELATED RIGHTS AND OBLIGATIONS

         This Agreement on the Confirmation of the Transfer of Personnel,
Finances and Assets and the Related Rights and Obligations (the "Agreement") is
executed by the following two parties on August 30, 2000 in Tianjin:

(1)      TIANJIN MOBILE COMMUNICATION COMPANY LIMITED, a limited liability
         company duly established and existing under the laws of People's
         Republic of China ("PRC"), with its legal address at 64, Zone M,
         Tianjin Port Bonded Area, PRC ("Tianjin Mobile") ; and

(2)      TIANJIN COMMUNICATION SERVICE COMPANY, a state-owned enterprise duly
         established and existing under the laws of PRC, with its legal address
         at Land Lot 64, Zone M, Tianjin Port Bonded Area, PRC ("the Service
         Company").

WHEREAS:

1.       Tianjin Mobile and the Service Company entered into the Capital
         Contribution Agreement ( "Agreement One" ) with China Mobile Group on
         August 30, 2000.

2.       Tianjin Mobile and the Service Company entered into the Agreement
         Regarding the Transfer of Personnel, Finances and Assets Not Directly
         Related to Mobile Communications Services ( "Agreement Two" ) with
         China Mobile Group on August 30, 2000.

         In order to confirm the ownership of the interests, assets,
liabilities, personnel and businesses under Agreement One and Agreement Two, the
Parties have reached the following agreement:

1.       Each Party hereby confirms to the other Party that all the Related
         Interests and Assets, Related Liabilities, Related Personnel and
         Related Services under Agreement One shall be owned or assumed by
         Tianjin Mobile; accordingly, the Service Company enjoys no rights,
         undertakes no liability and bears no expense with regard to the same
         (unless otherwise agreed upon in this Agreement).

2.       Each Party hereby confirms to the other Party that all the Properties,
         Non-Mobile Assets, the Related Personnel, the Non-Mobile Long-term
         Investments and the Non-Mobile Liabilities under Agreement Two shall be
         owned or assumed by the Service Company; accordingly, Tianjin Mobile
         enjoys no right, undertakes no liability and bears no expense with
         regard to the same.

3.       Each Party hereby confirms to the other Party that all the contracts in
         relation to the Related Interests and Assets, the Related Liabilities,
         the Related Personnel and the

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         Related Services under Agreement One shall be transferred to Tianjin
         Mobile. However, due to the time limit and the enormous amount
         involved, the transfer of certain contracts may have not been approved
         by the other party/parties thereto (the "Non-Transferred Contracts").
         For such Non-Transferred Contracts, the Parties hereby agree and
         confirm as follows:

         (1)      As of the Effective Date (as defined in Agreement One), the
                  rights and liabilities, as well as the gains and losses of the
                  Service Company generated from the Non-Transferred Contracts
                  shall be owned or assumed by Tianjin Mobile (unless otherwise
                  stipulated in this Agreement ), notwithstanding the fact that
                  such Non-Transferred Contracts are still held by and performed
                  in the name of the Service Company. The Service Company agrees
                  to act as the trustee of Tianjin Mobile to receive or hold any
                  interests generated from the Non-Transferred Contracts
                  (including but not limited to certain goods and loans) on
                  behalf of Tianjin Mobile, and that such interests are owned by
                  Tianjin Mobile. Upon demand, the Service Company shall deliver
                  such interests to Tianjin Mobile;

         (2)      The Service Company shall exercise or perform the rights and
                  liabilities under the Non-Transferred Contracts strictly in
                  accordance with the instructions given by Tianjin Mobile from
                  time to time, and shall not amend any terms of the
                  Non-Transferred Contracts or terminate the same without
                  Tianjin Mobile's prior written consent thereto;

         (3)      The reasonable expenses incurred by the Service Company for
                  the purpose of performing the obligations under paragraph 3(1)
                  above shall be reimbursed by Tianjin Mobile, except expenses
                  incurred as a result of negligence or fault on the part of, or
                  other reasons caused by, the Service Company;

         (4)      If, as a result of the Service Company's negligence, fault or
                  other reasons caused by the Service Company in connection with
                  its holding or performing the Non-Transferred Contracts in its
                  name and on behalf of Tianjin Mobile under this Agreement,
                  Tianjin Mobile sustains any losses therefrom (including but
                  not limited to legal action expenses and damages ), the
                  Service Company shall sufficiently compensate Tianjin Mobile
                  for such losses in a timely manner; and

         (5)      If there arises such a need that the rights of Tianjin Mobile
                  under the Non-Transferred Contracts (including the rights to
                  initiate legal proceedings or arbitration, or to take other
                  necessary actions) be exercised by the Service Company in its
                  name, the Service Company shall assist Tianjin Mobile by
                  exercising such rights in the Service Company's name.

4.       The Agreement shall be governed by and interpreted in accordance with
         the laws of PRC.

5.       The Agreement shall be executed in Chinese.

6.       The Agreement shall come into effect upon the execution by the
         authorized representative of the Parties.

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TIANJIN MOBILE COMMUNICATION COMPANY LIMITED

By:     s/ ZHANG ZHENGSHU
   --------------------------------------
      Authorized representative

TIANJIN COMMUNICATION SERVICE COMPANY

By:     s/ XIN FANFEI
   --------------------------------------
      Authorized representative

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