Document:

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                                                                     EXHIBIT 4.7

                                                                 [LINKTONE LOGO]

================================================================================

                              EMPLOYMENT AGREEMENT

                                      Among

                                   COLIN SUNG

                                       And

                                  LINKTONE LTD.

                            Dated as of May 2nd, 2005

================================================================================

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                     THIS EMPLOYMENT AGREEMENT ("Agreement")
                          is made and entered into this

                              2nd day of May, 2005
                             (the "Effective Date")

                                 by and between

                                   Colin Sung
                                (the "Employee")

                                       and

                          LINKTONE LTD. (THE "COMPANY")

BACKGROUND

WHEREAS, the Company desires to retain the services of the Employee and the
Employee agrees to be employed by the Company.

NOW, THEREFORE, intending to be legally bound, and in consideration of the
premises and the mutual promises set forth in this Agreement and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Employee agree as follows:

DEFINITIONS

"Administrator" means the Compensation Committee (as defined below) or the Board
(as defined below) who administer the Employee Stock Options (as defined below)
under applicable stock option agreements or stock incentive plans or schemes.

"Affiliate" means with respect to any Person directly or indirectly Controlling,
Controlled by, or under common Control with such Person.

"Ancillary Agreements" is as defined in Article 5.

"Annual Expense Allowance" means the sum of the monetary amounts set forth in
Sections 2.2(i), (ii), (iii) and (vi).

"Board" means the Board of Directors of the Company.

"Cash Compensation" is as defined in Section 2.1.

"Cause" means (i) the Employee commits a crime involving dishonesty, breach of
trust, or physical harm to any person; (ii) the Employee willfully engages in
conduct that is in bad faith and materially injurious to the Company, including
but not limited to, misappropriation of trade secrets, fraud or embezzlement;
(iii) the Employee commits a material breach of this Agreement or the Ancillary
Agreements, which breach is not cured within twenty (20) days after written
notice to the Employee from the Company; (iv) the Employee willfully refuses to
implement or follow a

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reasonable and lawful policy or directive of the Company, which breach is not
cured within twenty (20) days after written notice to the Employee from the
Company; or (v) the Employee engages in malfeasance demonstrated by a pattern of
failure to perform job duties diligently and professionally.

"Change in Control" means a change in ownership or control of the Company
effected through either of the following transactions: (i) the direct or
indirect acquisition by any person or related group of persons (other than an
acquisition from or by the Company or by a Company-sponsored employee benefit
plan or by a person that directly or indirectly controls, is controlled by, or
is under common control with, the Company) of beneficial ownership (within the
meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than
fifty percent (50%) of the total combined voting power of the Company's
outstanding securities pursuant to a tender or exchange offer made directly to
the Company's shareholders which a majority of the Continuing Directors who are
not Affiliates or Associates of the offeror do not recommend such shareholders
accept, or (ii) a change in the composition of the Board over a period of
thirty-six (36) months or less such that a majority of the Board members
(rounded up to the next whole number) ceases, by reason of one or more contested
elections for Board membership, to be comprised of individuals who are
Continuing Directors. The "Continuing Directors" means members of the Board who
either (i) have been Board members continuously for a period of at least
thirty-six (36) months or (ii) have been Board members for less than thirty-six
(36) months and were elected or nominated for election as Board members by at
least a majority of the Board members described in clause (i) who were still in
office at the time such election or nomination was approved by the Board.
"Associate" has the meaning ascribed to such term in Rule 12b(2) promulgated
under the Exchange Act.

"Company" is as defined in the Preamble.

"Compensation Committee" means the compensation committee of the Board of the
Company or such other group of directors performing similar functions.

"Control" (including the terms "Controlled by" and "under common Control with")
means the possession, directly or indirectly or as a trustee or executor, of the
power to direct or cause the direction of the management of a Person, whether
through the ownership of stock, as a trustee or executor, by contract or credit
agreement or otherwise.

"Corporate Transaction" means any of the following transactions: (i) a merger or
consolidation in which the Company is not the surviving entity, except for a
transaction the principal purpose of which is to change the state in which the
Company is incorporated; (ii) the sale, transfer or other disposition of all or
substantially all of the assets of the Company; (iii) the complete liquidation
or dissolution of the Company; (iv) any reverse merger or series of related
transactions culminating in a reverse merger (including, but not limited to, a
tender offer followed by a reverse merger) in which the Company is the surviving
entity but (A) the Ordinary Shares outstanding immediately prior to such merger
are converted or exchanged by virtue of the merger into other property, whether
in the form of securities, cash or otherwise, or (B) in which securities
possessing more than fifty percent (50%) of the total combined voting power of
the Company's outstanding securities are transferred to a person or persons
different from those who held such securities immediately prior to such merger
or the initial transaction culminating in such merger, but excluding any such
transaction or series of related transactions that the Administrator determines
shall not be a Corporate Transaction; or (v) acquisition in a single or series
of related transactions by any person or related group of persons (other than
the Company or by a Company-sponsored employee benefit plan) of beneficial
ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities
possessing more than fifty percent (50%) of the total combined voting power of

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the Company's outstanding securities but excluding any such transaction or
series of related transactions that the Administrator determines shall not be a
Corporate Transaction.

"Effective Date" is as defined in the Preamble.

"Employee" is as defined in the Preamble.

"Employee Resignation" and "Employee Resignation Date" are defined in Section
3.1.2.

"Employee Stock Options" shall be the right given by the Company to the Employee
on specific vesting dates during the Employment Term to purchase a specific
number of Ordinary Shares or other securities of the Company at a specific
exercise price, as set forth in Section 2.6, with more detailed terms and
conditions provided in the relevant employee stock option plan or scheme or
stock option award agreements thereunder.

"Employment Capacity" shall be Chief Financial Officer reporting to the Board of
the Company.

"Employment Contract Termination Date" means the later of May 1, 2008 or the
date on which either the Company or the Employee elects not to extend this
Agreement further by giving written notice to the other party.

"Employment Final Termination Date" means the date upon which the Employee's
employment with the Company ceases for any reason.

"Employment Term" is as defined in Section 1.1.

"Exchange Act" means the U.S. Securities Exchange Act of 1934, as amended.

"Good Reason" in the context of the Employee's resignation is defined as (a) a
change in the Employee's position which materially reduces the Employee's level
of responsibilities, duties or stature; (b) a reduction in the Employee's
Monthly Base Salary or (c) a relocation of the Employee's principal place of
employment by more than 50 miles.

"Monthly Base Salary" is as defined in Section 2.1 (i).

"Ordinary Shares" means the ordinary shares of the Company.

"Performance Targets" shall be as defined in Section 2.1.

"Person" means an individual, corporation, partnership, limited liability
company, limited partnership, association, trust, unincorporated organization or
other entity or group (as defined in Section 13(d)(3) and Section 14(d)(2) of
the Exchange Act).

"RMB" or Renminbi means the legal currency of the People's Republic of China.

"Severance Multiplier" means the number equal to (i) three (3) plus (ii) the
total number of years between May 2005 (the "Date of Hire") and the Employment
Final Termination Date; if the Employment Final Termination Date occurs six
months or more after an anniversary of the Date of Hire, such half-year period
after the anniversary shall be included in the number of years referenced above
(e.g., if the Employment Final Termination Date is two years and ten months
after the Date of Hire, then the Severance Multiplier would be 5.5).

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"Subsidiary" means, with respect to any Person, any entity which securities or
other ownership interests having ordinary voting power to elect a majority of
the Board or other persons performing similar functions are at the time directly
or indirectly owned by such Person.

"U.S. dollars" or "US$" means the legal currency of the United States.

ARTICLE 1. EMPLOYMENT AND TERM

      The Company hereby employs the Employee and the Employee hereby agrees to
such employment by the Company during the Employment Term to serve as the Chief
Financial Officer of the Company, with the customary duties, authorities and
responsibilities of such position and such other duties, authorities and
responsibilities relative to the Company that may from time to time be delegated
to the Employee by the officers of the Company. The Employee shall perform such
duties and responsibilities as are normally related to such position in
accordance with the standards of the industry and any additional duties now or
hereafter assigned to the Employee by the Company. The Employee shall abide by
the Company's rules, regulations and practices as they may from time-to-time be
adopted or modified.

1.1   EMPLOYMENT TERM. The Employment Term of this Agreement shall commence on
      the Effective Date and shall continue until the earlier of the Employment
      Contract Termination Date or the Employment Final Termination Date.

1.2   FULL WORKING TIME. During the Employment Term, the Employee shall devote
      all of his attention, experience and efforts during normal business hours
      to the proper performance of his duties hereunder and to the business and
      affairs of the Company.

1.3   CHANGE IN CONTROL/CORPORATE TRANSACTION. Notwithstanding the foregoing, if
      a Change in Control or Corporate Transaction occurs prior to the
      Employment Contract Termination Date, then the terms outlined in Article 4
      shall apply.

ARTICLE 2. COMPENSATION PACKAGE AMOUNT

2.1   CASH COMPENSATION. During the Employment Term, as compensation for
      services hereunder and subject to the performance of his obligations
      hereunder, the Employee shall be paid the cash compensation (the "Cash
      Compensation"), which consists of the following:

            i.    Base Salary: base salary in the amount of RMB 1,656,000 (which
                  is the equivalent as of the date hereof to Two Hundred
                  Thousand U.S. Dollars (US$200,000)) payable in twelve monthly
                  installments ("Monthly Base Salary") and pro rated for the
                  number of days actually worked by Employee in any month in
                  which the Employment Contract Termination Date or the
                  Employment Final Termination Date occurs;

            ii.   Annual Performance Incentive Cash Bonus: an annual performance
                  incentive cash bonus, payable on or before April 30 of the
                  following calendar year, subject to the Employee's achievement
                  of the annual performance targets set forth in Exhibit A
                  hereto ("Performance Targets"), such performance as verified
                  and approved by the

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                  Compensation Committee in accordance with Section 2.7 and the
                  formula set forth below, with the Target Variable of RMB
                  662,400 (which is the equivalent as of the date hereof to
                  Eighty Thousand US Dollars (US$80,000)) for the calendar year
                  2005 (pro-rated for the period beginning on the Date of Hire
                  and ending on December 31, 2005):

<TABLE>
<CAPTION>
Percentage of Achievement of Performance Targets       Percentage of Target Variable Payable
------------------------------------------------       -------------------------------------
<S>                                                    <C>
       Between 80% and 100% (Exclusive)                               50%
       100% or above                                                 100%
</TABLE>

                  Except for the annual performance incentive cash bonus payable
                  for Employee's achievement of the Performance Targets for the
                  calendar year 2005, the Employee is not entitled to any annual
                  incentive cash bonus mentioned above unless he has been
                  employed by the Company for the full calendar year.

      The Cash Compensation shall be payable in RMB. The Employee may elect, at
      his own foreign exchange risk and expense, to receive a percentage of such
      Cash Compensation in foreign currencies, under which circumstances the
      Company will pay such amount in the foreign currencies as designated by
      the Employee at the exchange rate made available to the Company by any
      financial institution selected by the Company which provides foreign
      currency exchange services for the Company.

2.2   BENEFITS. During the Employment Term, as compensation for services
      hereunder, the Employee shall be entitled to the benefits as follows:

            i.    Housing Allowance: housing allowance in the aggregate amount
                  of up to RMB 20,700 (which is equivalent to as of the date
                  hereof Two Thousand and Five Hundred US Dollars (US$2,500))
                  per month.

            ii.   Insurance: health and life insurance providing international
                  standard coverage as determined by the Compensation Committee
                  after consultation with the Employee, with insurance premiums
                  per individual family member in the amount of up to RMB 41,400
                  (which is equivalent to as of the date hereof Five Thousand US
                  Dollars (US$5,000)) per year.

            iii.  Education Reimbursement: reimbursement of education cost
                  incurred for child living in China, up to RMB 124,200 (which
                  is equivalent to as of the date hereof Fifteen Thousand US
                  Dollars (US$15,000)) per child per year through secondary
                  school.

            iv.   Company Car: use of car (Buick sedan class) and driver as
                  provided by the Company.

            v.    Travel Allowance: business class air fare for spouse
                  accompanying Employee on one overseas business trip per year.

            vi.   Tax Advisory Services: reimbursement for actual tax advisory
                  service fees incurred, up to RMB 11,600 (which is equivalent
                  to as of the date hereof One Thousand Four Hundred US Dollars
                  (US$1,400)) per year.

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            vii.  Moving Allowance: business class air fare on a single, one-way
                  trip for spouse and children accompanying Employee for move
                  from U.S. to China, plus all moving expenses. Linktone will
                  also pay for a serviced apartment in Shanghai for three
                  months, up to RMB 20,700 (which is equivalent to as of the
                  date hereof Two Thousand Five Hundred US Dollars (US$2,500))
                  per month, and will provide Employee with contacts of local
                  real estate brokers. In addition, the Company will pay for one
                  round trip, business class airfare for Employee and his spouse
                  and children between the U.S. and Shanghai for the purpose of
                  locating a residence in Shanghai.

2.3   INDIVIDUAL INCOME TAX. The Employee shall be responsible for paying his
      own individual income tax in respect of the compensation received
      hereunder, and Employee will certify in writing annually to the Board that
      he has accurately reported and timely paid all income tax due in
      connection with such compensation. The Company will make all required tax
      and statutory withholdings according to the PRC taxation laws and the tax
      amount will be deducted from the Employee's Monthly Base Salary, which
      deduction Employee hereby consents to.

2.4   ANNUAL LEAVE. The Employee shall be entitled to four weeks of annual leave
      with pay during each calendar year of the Employment Term, which must be
      taken in accordance with the Company's vacation policy then in effect.

2.5   TRAVEL EXPENSES REIMBURSEMENT. The Company shall pay or reimburse the
      Employee for reasonable business expenses actually incurred or paid by the
      Employee during the Employment Term, in the performance of his services
      hereunder.

2.6   EMPLOYEE STOCK OPTION AWARDS: Subject to the terms and conditions stated
      below, it will be recommended at the first meeting of the Company's Board
      of Directors following your first day of employment that the Company grant
      you a stock option to purchase 1,000,000 ordinary shares (100,000 American
      Depositary Shares) of the Company at a price per share equivalent to the
      closing price of the American Depositary Shares of the Company as listed
      on the Nasdaq National Market (divided by 10 to reflect the American
      Depositary Share-to-ordinary share ratio) on the date of grant. In
      addition, you will be eligible, subject to milestones established by the
      Compensation Committee, to be granted an option on January 1, 2006 to
      purchase an additional 360,000 ordinary shares (36,000 American Depositary
      Shares) of the Company at a price per share reflecting the closing price
      on such date of the publicly traded American Depositary Shares (divided by
      10 to reflect the American Depositary Share-to-ordinary share ratio)
      issued in respect of the Company's ordinary shares. Each of the
      aforementioned options will vest over 4 years from the date of grant with
      25% of the shares subject to each option vesting on the 12 month
      anniversary of the date of grant and 1/48th of the total shares subject to
      each option vesting monthly thereafter, subject to your continuing
      employment with the Company. Your entitlement to any stock option is
      conditioned upon your execution of the Company's Notice of Stock Option
      Award and Stock Option Award Agreement for each option, and such options
      will be subject to the terms of those agreements and the terms of the
      Company's 2003 Stock Incentive Plan.

2.7   ANNUAL REVIEW. The terms of the compensation package provided under this
      Agreement and the Employee's recommendations in connection therewith shall
      be reviewed by the Compensation Committee and/or the Board from time to
      time. At a minimum, the

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      Company's Compensation Committee will review in the second quarter of each
      calendar year or at such other time as the Company and Employee shall
      agree, (a) the compensation package of the Employee, including approval of
      the annual performance incentive cash bonus payable, if any, based on
      achievement of the prior calendar year's Performance Targets and (b) the
      approval of Performance Targets (with specific qualitative and
      quantitative performance factors) and Target Variable for determining the
      annual incentive bonus payouts for the current calendar year. Except for
      agreed changes, if any, pursuant to clause (b) of the preceding sentence,
      any amendment agreed upon by the Board or the Compensation Committee and
      the Employee to the terms of the Employee's compensation package will not
      be retroactive and shall take effect from the time such amendment is made.
      The parties hereto agree that, as a general principle, amendments to the
      compensation package of the Employee shall not be made to, directly or
      indirectly, address changes in applicable law (including tax laws) and
      other regulatory developments which affect the Employee.

ARTICLE 3. TERMINATION

3.1   GENERAL.

      3.1.1 COMPANY'S RIGHT TO TERMINATE. The Company shall have the right to
            terminate the employment of the Employee at any time with or without
            Cause, but the relative rights and obligations of the parties in the
            event of any such termination or resignation shall be determined
            under this Agreement.

      3.1.2 EMPLOYEE'S RESIGNATION RIGHT. The Employee shall have the right to
            resign for any reason with 30 days prior notice to the Company, but
            the relative rights and obligations of the parties in the event of
            any such resignation shall be determined under this Agreement (such
            event, an "Employee Resignation", and the date of notice by the
            Employee to the Company, the "Employee Resignation Date").

3.2   TERMINATION UNDER CERTAIN CIRCUMSTANCES.

      3.2.1 TERMINATION FOR CAUSE. In the event the Company terminates the
            Employee's employment for cause prior to the expiration of the
            Employment Term, subject to the Employee's compliance with Articles
            5, 6 and 7, the Company will be obliged to pay only the Standard
            Termination Entitlements as defined in Section 3.4.1, and the
            Employee's right to exercise the Employee Stock Options described
            under Section 2.6 shall be determined pursuant to the applicable
            stock option agreements and stock incentive plan governing such
            options.

      3.2.2 RESIGNATION FOR ANY REASON OTHER THAN GOOD REASON. In the event the
            Employee resigns for any reason other than Good Reason prior to the
            expiration of the Employment Term, subject to the Employee's
            compliance with Articles 5, 6 and 7:

         i. the Company will be obliged to pay the Standard Termination
            Entitlements as defined in Section 3.4.1, and

         ii. a portion of the Employee Stock Options described under Section
            2.6(1) which are unvested on such date shall vest in accordance with
            the option agreements (as amended) governing those options.

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      3.2.3 TERMINATION WITHOUT CAUSE OR RESIGNATION FOR GOOD REASON. Except in
            the event of a Change in Control or a Corporate Transaction, in the
            event that the Company terminates the Employee's employment without
            Cause or the Employee resigns for Good Reason, subject to the
            Employee's compliance with Articles 5, 6 and 7:

       i.   the Company will be obligated to pay the Standard Termination
            Entitlements as defined in Section 3.4.1 and the Severance Benefits
            as defined in Section 3.4.2.; provided that Employee's eligibility
            for Severance Benefits is conditioned on Employee having first
            signed a release certificate in the form attached as Exhibit E, and

       ii.  a portion of the Employee Stock Options described under Section
            2.6(1) which are unvested on such date shall vest in accordance with
            the option agreements (as amended) governing those options.

      3.2.4 TERMINATION UPON A CHANGE IN CONTROL. In the event of a Change in
            Control or Corporate Transaction, the terms outlined in Article 4
            shall apply.

3.3   LIQUIDATED DAMAGES. The Company and Employee hereby stipulate that the
      damages which may be incurred by the Employee as a consequence of any such
      termination of employment are not capable of accurate measurement as of
      the Effective Date and that the liquidated damages payments provided for
      in this Agreement constitute a reasonable estimate under the circumstances
      of, and are in full satisfaction of, all damages sustained as a
      consequence of any such termination of employment.

3.4   DEFINITIONS.

      3.4.1 STANDARD TERMINATION ENTITLEMENTS. For all purposes of this
            Agreement, the "Standard Termination Entitlements" shall mean and
            include:

       i.   the Employee's earned but unpaid compensation (including, without
            limitation, salary, bonus and all other items which constitute wages
            under applicable law) as of the date of his termination of
            employment. This payment shall be made at the time and in the manner
            prescribed by law applicable to the payment of compensation but in
            no event later than 30 days after the date of the Employee's
            termination of employment;

       ii.  the benefits, if any, due to the Employee (and the Employee's
            estate, surviving dependents or his designated beneficiaries) under
            the employee benefit plans and programs and compensation plans and
            programs (including stock option plans) maintained for the benefit
            of the employees of the Company; and

       iii. all of the Employee's Employee Stock Options that have been deemed
            to have vested at or prior to the Employment Final Termination Date
            under the terms of applicable stock option agreements and stock
            incentive plans.

      3.4.2 SEVERANCE BENEFITS. For all purposes of this Agreement, the
            Employee's "Severance Benefits" shall mean:

       i.   the payment of a lump sum amount equal to (i) the Employee's Monthly
            Base Salary

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            in effect immediately prior to his termination of employment
            multiplied by the Severance Multiplier plus (ii) the Annual Expense
            Allowance multiplied by the quotient of (a) the Severance Multiplier
            divided by (b) twelve (12); and

       ii.  for a period of six months after the Employee's termination of
            employment, direct payment by the Company to the carrier of the
            premiums due for any health insurance continuation coverage elected
            by the Employee under the Company group health plans pursuant to the
            Consolidated Budget Reconciliation of 1985.

ARTICLE 4. CHANGE IN CONTROL/CORPORATE TRANSACTION.

4.1   EMPLOYMENT TERM. If a Change in Control or Corporate Transaction occurs
      prior to the Employment Contract Termination Date, then the Employment
      Term shall remain unchanged.

4.2   SEVERANCE PAYMENT AMOUNT. If a Change in Control or Corporate Transaction
      occurs prior to the Employment Contract Termination Date and the Company
      terminates the Employee's employment without Cause or the Employee resigns
      for Good Reason, then the Employee will be entitled to (a) a payment equal
      to the greater of (x) 6 times the Monthly Rate of Compensation or (y) 12
      months' Monthly Base Salary less any compensation paid to the Employee
      during the period between the Change in Control or Corporate Transaction
      and Employment Final Termination Date, and (b) subject to the Employee's
      compliance with Articles 5, 6 and 7, the Standard Termination Entitlements
      as defined in Section 3.4.1.

4.3   HEALTH AND LIFE INSURANCE BENEFITS. If a Change in Control or Corporate
      Transaction occurs prior to the Employment Contract Termination Date, then
      the Employee will be entitled to Company-paid contributions for health and
      life insurance premiums for the greater of six months or the number of
      months between the Employment Final Termination Date and the first
      anniversary of the Change in Control or Corporate Transaction.

4.4   SECTION 280G. In order to avoid the payment of excise tax imposed by
      Section 4999 of the Internal Revenue Code of 1986 (the "Code"), the
      Company may reduce the payments or benefits to the Employee (within the
      meaning of Section 280G(b)(2) of the Code). Such reduction may apply to
      cash payments, vesting acceleration of Employee Stock Options and other
      benefits received by the Employee, which could result in the acceleration
      of vesting of only a portion or none of then unvested Employee Stock
      Options. In no event shall any payment be made under this Agreement if it
      would result in an excess parachute payment under section 280G of the
      Internal Revenue Code of 1986.

ARTICLE 5. PROPRIETARY INFORMATION AND NON-COMPETITION

      The Employee shall, on the Effective Date, enter into a Key Employee
Invention Assignment and Confidentiality Agreement in the form as Exhibit C
attached hereto and a Non-Compete Agreement (together with the Key Employee
Invention Assignment and Confidentiality Agreement, the "Ancillary Agreements")
in the form as Exhibit D attached hereto. The Employee agrees that the entering
into the Ancillary Agreements is necessary to protect the interests of the
Company, its Subsidiaries or Affiliates and is reasonable and valid in
geographical and temporal scope and in all other respects. If any court
determines that this Article 5 or any provision in the Ancillary Agreements is
unenforceable because of the duration or geographical scope of such provision,
such court will have the power to reduce the duration or scope of such
provision, as the case may be, and, in its reduced form, such provision will be
enforceable.

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ARTICLE 6. REMEDIES

      If the Employee commits a breach, or threatens to commit a breach, of any
provisions of this Agreement or the Ancillary Agreements (the "Breach"), the
Company shall have the right to terminate the employment under Section 3.2.1 and
claim for damages associated with the Breach, each of which shall be independent
of the others and shall be severally enforceable, and all of which shall be in
addition to, and not in lieu of, any other rights and remedies available under
law or in equity to the Company. To have the provisions hereof or of the
Ancillary Agreements enforced by any court in the State of New York, USA, it
being acknowledged and agreed that any breach or threatened breach of any of
such provision by the Employee will cause irreparable injury to the Company and
that money damages will not provide an adequate remedy to the Company.

ARTICLE 7. DISPUTE RESOLUTION

      Any dispute, controversy or claim, at any time arising out of or relating
to this Agreement, or the breach, termination or invalidity thereof (other than
any dispute, controversy or claim pursuant to the Key Employee Invention
Assignment and Confidentiality Agreement or Non-Compete Agreement under the
Articles 5 hereof, which may, at the option of the Company, be submitted to any
court having jurisdiction), shall be referred to the Hong Kong courts for final
and binding adjudication. The parties irrevocably waive, to the fullest extent
permitted by law, any objection the party may have to the laying of venue for
any such suit, action or proceeding brought in such court. THE PARTIES ALSO
EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH
SUIT, ACTION OR PROCEEDING. If any one or more provisions of this Article 7
shall for any reason be held invalid or unenforceable, it is the specific intent
of the parties that such provisions shall be modified to the minimum extent
necessary to make it or its application valid and enforceable.

ARTICLE 8. GENERAL PROVISIONS

8.1   NOTICES. All notices, requests, claims, demands and other communications
      hereunder shall be in writing and shall be given (and shall be deemed to
      have been duly received if so given) by hand delivery, telegram, telex, or
      telecopy, or facsimile transmission, or by mail (registered or certified
      mail, postage prepaid, return receipt requested) or by any courier
      service, providing proof of delivery. All communications hereunder shall
      be delivered to the respective parties at the following addresses or to
      such other address as the party to whom notice is given may have
      previously furnished to the other parties hereto in writing in the manner
      set forth above:

      If to the Employee: Mr. Colin Sung
                          c/o Linktone Ltd.
                          5th Floor, No. 689 Beijing Dong Rd.
                          Shanghai 200001
                          People's Republic of China

      If to the Company:  Linktone Ltd.
                          5th Floor, No. 689 Beijing Dong Rd.
                          Shanghai 200001
                          People's Republic of China

8.2   ENTIRE AGREEMENT. This Agreement, taken together with the Ancillary
      Agreements, shall

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      constitute the entire agreement between the Employee and the Company with
      respect to the Employee's employment with the Company and supersedes any
      and all prior agreements and understandings, , written or oral, with
      respect thereto.

8.3   AMENDMENTS AND WAIVERS. Any term of this Agreement may be amended and the
      observance of any term of this Agreement may be waived (either generally
      or in a particular instance and either retroactively or prospectively)
      only by an instrument in writing and signed by the party against whom such
      amendment or waiver is sought to be enforced.

8.4   SUCCESSORS AND ASSIGNS. The personal services of the Employee are the
      subject of this Agreement and the Ancillary Agreements and no part of the
      Employee's or the Company's rights or obligations hereunder or thereunder
      may be assigned, transferred, pledged or encumbered by the Employee or the
      Company. This Agreement and the Ancillary Agreements shall inure to the
      benefit of, and be binding upon (a) the parties hereto, (b) the heirs,
      administrators, executors and personal representatives of the Employee and
      (c) the successors and assigns of the Company as provided herein.

8.5   GOVERNING LAW AND VENUE. This Agreement, including the validity hereof and
      the rights and obligations of the parties hereunder, and all amendments
      and supplements hereof and all waivers and consents hereunder, shall be
      construed in accordance with and governed by the laws of the State of New
      York, USA, without giving effect to any conflicts of law provisions or
      rule, that would cause the application of the laws of any other
      jurisdiction.

8.6   SEVERABILITY. If any provisions of this Agreement, as applied to any part
      or to any circumstance, shall be adjudged by a court to be invalid or
      unenforceable, the same shall in no way affect any other provision of this
      Agreement, the application of such provision in any other circumstances or
      the validity or enforceability of this Agreement.

8.7   SURVIVAL. The rights and obligations of the Company and Employee pursuant
      to Articles 3, 4, 5, 6 and 7 shall survive the termination of the
      Employee's employment with the Company and the expiration of the
      Employment Term.

8.8   CAPTIONS. The headings and captions used in this Agreement are used for
      convenience only and are not to be considered in construing or
      interpreting this Agreement.

8.9   COUNTERPARTS. This Agreement may be executed in two or more counterparts,
      each of which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 12 of 25

<PAGE>

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

EMPLOYEE

By: /s/ Colin Sung
    --------------
    Colin Sung

COMPANY

By: /s/ Raymond Lei Yang
    -------------------------------
    Name: Raymond Lei Yang
    Title: Chief Executive Officer

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 13 of 25

<PAGE>
                                                                       EXHIBIT A

                        2005 Annual Performance Targets

      (To be attached in the May ___, 2005 Compensation Committee Meeting
Minutes)

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 14 of 25

<PAGE>

                                                                       EXHIBIT B

                          Key Terms of New Option Grant

Plan under Which Granted:             2003 Stock Incentive Plan

Grant Date:                           May 2, 2005

Vesting Commencement Date:            May 2, 2005

Exercise Price per Ordinary Share:    US$.676

Total number of Ordinary Shares
subject to the Option:                1,000,000

Total Exercise Price:                 US$676,000

Expiration Date:                      May 1, 2015

Type of Option:                       Incentive

Post-Termination Exercise Period:     Three months

Vesting Schedule:                      25% of the Shares subject to the Option
                                       shall vest twelve months after the
                                       Vesting Commencement Date, and 1/48 of
                                       the Shares subject to the Option shall
                                       vest on each monthly anniversary of the
                                       Vesting Commencement Date thereafter.

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 15 of 25

<PAGE>
                                                                       EXHIBIT C

         Key Employee Invention Assignment and Confidentiality Agreement

      In consideration of, and as a condition of my continued employment with
Linktone Ltd., a Cayman Islands company (as contemplated in the employment
agreement between Linktone Ltd. and me (the "Agreement")), or with any of its
subsidiaries, including, without limitation, Shanghai Linktone Consulting Co.,
Ltd., Shanghai Huitong Information Co Ltd., Shanghai Weilan Computer Co. Ltd.
and Shanghai Unilink Computer Co. Ltd. (collectively, the "Company"), I hereby
represent to, and agree with, the Company as follows:

      I hereby represent to, and agree with the Company as follows:

1.    Purpose of Agreement. I understand that the Company is engaged in a
      continuous program of research, development, production and marketing in
      connection with its business and that it is critical for the Company to
      preserve and protect its Proprietary Information (as defined in Section 3
      below), its rights in Inventions (as defined in Section 2 below) and in
      any other intellectual property rights. Accordingly, I am entering into
      this Employee Invention Assignment and Confidentiality Agreement (this
      "Agreement") as a condition of my continued employment with the Company,
      whether or not I am expected to create inventions of value for the
      Company.

2.    Disclosure of Inventions. I will promptly disclose in confidence to the
      Company all inventions, improvements, designs, original works of
      authorship, derivative works, formulas, processes, compositions of matter,
      techniques, know-how, computer software programs, databases, mask works
      and trade secrets (the "Inventions") that I make or conceive or first
      reduce to practice or create, either alone or jointly with others, during
      the period of my employment, whether or not in the course of my
      employment, and whether or not such Inventions are patentable,
      copyrightable or protectible as trade secrets or mask works.

3.    Proprietary Information. I understand that my employment by the Company
      creates a relationship of confidence and trust with respect to any
      information of a confidential or secret nature that may be disclosed to me
      by the Company that relates to the business of the Company or to the
      business of any parent, subsidiary, affiliate, customer or supplier of the
      Company or any other party with whom the Company agrees to hold
      information of such party in confidence (the "Proprietary Information").
      Such Proprietary Information includes but is not limited to any
      confidential and/or proprietary knowledge, data or information, any past,
      present or future Inventions, marketing plans, product plans, business
      strategies, financial information (including budgets and unpublished
      financial statements), licenses, prices and costs, forecasts, personal
      information, suppliers, customers and lists of either, information, trade
      secrets, patents, mask works, ideas, confidential knowledge, data or other
      proprietary information relating to new and existing products, processes,
      know-how, designs, formulas, developmental or experimental work,
      improvements, discoveries, designs and techniques, computer programs, data
      bases, other original works of authorship, employee information including
      the skills and compensation of other employees of Company, or other
      subject matter pertaining to any

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 16 of 25

<PAGE>

      business of Company. I agree that Company may from time to time create a
      list of specific Proprietary Information and I will acknowledge any such
      lists in writing upon request.

4.    Confidentiality. At all times, both during my employment and after its
      termination, I will keep and hold all such Proprietary Information in
      strict confidence and trust. I will not use or disclose any Proprietary
      Information without the prior written consent of the Company, except as
      may be necessary to perform my duties as an employee of the Company for
      the benefit of the Company. Upon termination of my employment with the
      Company, I will promptly deliver to the Company all documents and
      materials of any nature pertaining to my work with the Company. I will not
      take with me any documents or materials or copies thereof containing any
      Proprietary Information.

5.    Work for Hire; Assignment of Inventions. I acknowledge and agree that any
      copyrightable works prepared by me either alone or jointly with others,
      within the scope of my employment are "works for hire" under the United
      States Copyright Act and that the Company will be considered the author
      and owner of such copyrightable works. In the event that any such
      copyrightable works are not deemed to be "works made for hire," I hereby
      irrevocably assign all of my right, title and interest in and to such
      copyrightable works to Company. I agree that all Inventions that (i) are
      developed using equipment, supplies, facilities or trade secrets of the
      Company, (ii) result from work performed by me for the Company, or (iii)
      relate to the Company's business or current or anticipated research and
      development (collectively, "Company Inventions"), will be the sole and
      exclusive property of the Company and are hereby irrevocably assigned by
      me to the Company.

6.    Assignment of Other Rights. In addition to the foregoing assignment of
      Company Inventions to the Company, I hereby irrevocably transfer and
      assign to the Company: (i) all worldwide patents, patent applications,
      copyrights, mask works, trade secrets and other intellectual property
      rights in any Company Invention; and (ii) any and all Moral Rights (as
      defined below) that I may have in or with respect to any Company
      Invention. I also hereby forever waive and agree never to assert any and
      all Moral Rights I may have in or with respect to any Company Invention,
      even after termination of my work on behalf of the Company. "Moral Rights"
      mean any rights to claim authorship of a Company Invention, to object to
      or prevent the modification of any Company Invention, or to withdraw from
      circulation or control the publication or distribution of any Company
      Invention, and any similar right, existing under judicial or statutory law
      of any country in the world, or under any treaty, regardless of whether or
      not such right is denominated or generally referred to as a "moral right".

7.    Assistance. For no consideration in addition to my salary or wages during
      my employment, I agree to assist the Company in every proper way to obtain
      for the Company and enforce patents, copyrights, mask work rights, trade
      secret rights and other legal protections for the Company's Inventions in
      any and all countries. I will execute any documents that the Company may
      reasonably request for use in obtaining or enforcing such patents,
      copyrights, mask work rights, trade secrets and other legal protections.
      My obligations under this paragraph will continue beyond the termination
      of my employment with the Company, provided that the Company will
      compensate me at a reasonable rate after such termination for time or
      expenses actually spent by me at the Company's request on such assistance.
      I appoint the Secretary of the Company as my attorney-in-fact to execute
      documents on my behalf for this purpose. I hereby waive and quitclaim to
      Company any and all claims, of any nature whatsoever, which I now or may

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 17 of 25

<PAGE>

      hereafter have for infringement of any proprietary rights assigned
      hereunder to Company.

8.    No Breach of Prior Agreement. I represent that my performance of all the
      terms of this Agreement and my duties as an employee of the Company will
      not breach any invention assignment, proprietary information,
      confidentiality or similar agreement with any former employer or other
      party. I represent that I did not bring with me to the Company or use in
      the performance of my duties for the Company any documents or materials or
      intangibles of a former employer or third party that are not generally
      available to the public or have not been legally transferred to the
      Company.

9.    Efforts; Duty Not to Compete. I understand that my employment with the
      Company requires my undivided attention and effort during normal business
      hours. While I am employed by the Company, I will not, without the
      Company's express prior written consent, provide services to, or assist in
      any manner, any business or third party which competes with the current or
      planned business of the Company.

10.   Notification. I hereby authorize the Company to notify my actual or future
      employers of the terms of this Agreement and my responsibilities
      hereunder.

11.   Non-Solicitation of Employees/Consultants. During my employment with the
      Company and for a period of one (1) year thereafter, I will not directly
      or indirectly solicit away employees or consultants of the Company for my
      own benefit or for the benefit of any other person or entity. "Solicit"
      shall not include the placement of an advertisement in a publication of
      general circulation.

12.   Non-Solicitation of Suppliers/Customers. During my employment with the
      Company and after termination of my employment, I will not directly or
      indirectly solicit or take away suppliers or customers of the Company if
      the identity of the supplier or customer or information about the supplier
      or customer relationship is a trade secret or is otherwise deemed
      confidential information within the meaning of Chinese law.

13.   Injunctive Relief. I understand that in the event of a breach or
      threatened breach of this Agreement by me the Company may suffer
      irreparable harm and will therefore be entitled to injunctive relief to
      enforce this Agreement, without prejudice to any other rights or remedies
      that Company may have for a breach of this Agreement.

14.   Governing Law; Severability. This Agreement will be governed by and
      construed in accordance with the laws of New York, without giving effect
      to that body of laws pertaining to conflict of laws. If any provision of
      this Agreement is determined by any court or arbitrator of competent
      jurisdiction to be invalid, illegal or unenforceable in any respect, such
      provision will be enforced to the maximum extent possible given the intent
      of the parties hereto. If such clause or provision cannot be so enforced,
      such provision shall be stricken from this Agreement and the remainder of
      this Agreement shall be enforced as if such invalid, illegal or
      unenforceable clause or provision had (to the extent not enforceable)
      never been contained in this Agreement. Notwithstanding the forgoing, if
      the value of this Agreement based upon the substantial benefit of the
      bargain for any party is materially impaired, which determination as made
      by the presiding court or arbitrator of competent jurisdiction shall be
      binding, then this Agreement will not be enforceable against such affected
      party and both parties agree to renegotiate such provision(s) in good
      faith.

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 18 of 25

<PAGE>

15.   Counterparts. This Agreement may be executed in any number of
      counterparts, each of which when so executed and delivered will be deemed
      an original, and all of which together shall constitute one and the same
      agreement.

16.   Titles and Headings. The titles, captions and headings of this Agreement
      are included for ease of reference only and will be disregarded in
      interpreting or construing this Agreement. Unless otherwise specifically
      stated, all references herein to "sections" and "exhibits" will mean
      "sections" and "exhibits" to this Agreement.

17.   Entire Agreement. This Agreement and the documents referred to herein
      constitute the entire agreement and understanding of the parties with
      respect to the subject matter of this Agreement, and supersede all prior
      understandings and agreements, whether oral or written, between or among
      the parties hereto with respect to the specific subject matter hereof.

18.   Amendment and Waivers. This Agreement may be amended only by a written
      agreement executed by each of the parties hereto. No amendment of or
      waiver of, or modification of any obligation under this Agreement will be
      enforceable unless set forth in a writing signed by the party against
      which enforcement is sought. Any amendment effected in accordance with
      this section will be binding upon all parties hereto and each of their
      respective successors and assigns. No delay or failure to require
      performance of any provision of this Agreement shall constitute a waiver
      of that provision as to that or any other instance. No waiver granted
      under this Agreement as to any one provision herein shall constitute a
      subsequent waiver of such provision or of any other provision herein, nor
      shall it constitute the waiver of any performance other than the actual
      performance specifically waived.

19.   Successors and Assigns; Assignment. Except as otherwise provided in this
      Agreement, this Agreement, and the rights and obligations of the parties
      hereunder, will be binding upon and inure to the benefit of their
      respective successors, assigns, heirs, executors, administrators and legal
      representatives. The Company may assign any of its rights and obligations
      under this Agreement. No other party to this Agreement may assign, whether
      voluntarily or by operation of law, any of its rights and obligations
      under this Agreement, except with the prior written consent of the
      Company.

20.   Further Assurances. The parties agree to execute such further documents
      and instruments and to take such further actions as may be reasonably
      necessary to carry out the purposes and intent of this Agreement.

21.   Not Employment Contract. I understand that this Agreement does not
      constitute a contract of employment or obligate the Company to employ me
      for any stated period of time.

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 19 of 25

<PAGE>

This Agreement shall be effective as of Effective Date.

EMPLOYEE

By: /s/ Colin Sung
    --------------
    Colin Sung

COMPANY

By: /s/ Raymond Lei Yang
    ------------------------------
    Name:  Raymond Lei Yang
    Title: Chief Executive Officer

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 20 of 25

<PAGE>

                                                                       EXHIBIT D

                              Non-Compete Agreement

Dear Colin Sung,

      As an employee of Linktone Ltd., a Cayman Islands company (as contemplated
in the employment agreement between Linktone Ltd. and me (the "Agreement")), or
with any of its subsidiaries, including, without limitation, Shanghai Linktone
Consulting Co., Ltd., Shanghai Huitong Information Co Ltd., Shanghai Weilan
Computer Co. Ltd. and Shanghai Unilink Computer Co. Ltd., (collectively, the
"Company"), you must execute and deliver a covenant not to compete with the
Company during your employment and for 12 months thereafter. The terms and
conditions set forth below, as applicable, shall, upon your acceptance thereof,
become an agreement between you and the Company.

COVENANT NOT TO COMPETE

      It is hereby agreed that, from the date hereof and so long as you are an
employee, consultant or serve in a similar capacity with the Company or any of
its subsidiaries, you shall devote substantially all of your professional time
to the Company and its subsidiaries and shall not participate in any manner in
the management or operation of any business other than that of the Company and
its subsidiaries or serving on the board of directors of the Company or any of
its subsidiaries.

      If your are no longer employed by or acting as a consultant for the
Company or its subsidiaries, you shall not be employed by or participate in any
manner in the management or operation of any business or entity that is or may
be directly competitive with and offering similar products or services as the
Company or its subsidiaries until 12 months after the date of termination of
employment with the Company or any subsidiary.

COVENANT NOT TO SOLICIT EMPLOYEES

      While employed by Company and for a period of two (2) years after the
termination of your employment with Company, you shall not, directly or
indirectly, solicit for employment any person who was employed by Company during
your employment with Company. In the event that you hire or employ any such
person during such two (2) year period (without soliciting such person in
violation of this foregoing restriction), you shall reimburse the Company for
any and all costs and expenses incurred by the Company to replace such person
(including, without limitation, costs and expenses incurred for recruiting,
hiring and training).

COVENANT NOT TO DIVERT BUSINESS

      For a period of two (2) years after the termination of your employment
with Company, you shall not, directly or indirectly:

      (i) work as an employee, employer, consultant, agent, principal, partner,
manager,

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 21 of 25

<PAGE>

stockholder, officer, director, or in any other individual or representative
capacity for any person or entity who or which was a customer of Company during
your employment with Company, without the Company's written consent; or

      (ii) call on, solicit, or take away for you or for any other person or
entity any person or entity who or which was a customer of Company, or with
which Company was in negotiations to become a customer of Company, during your
employment with Company.

COMPANY RIGHTS IF YOU VIOLATE THIS AGREEMENT

      In the event that you do not comply with the terms of this Agreement, any
profit sharing or stock options to which you would otherwise be entitled will be
forfeited.

      In the event you do not comply with the terms of this Agreement, we also
reserve the right to discharge you as an employee. Furthermore, we reserve the
right to recover monetary damages from you, and we may also recover punitive
damages to the extent permitted by law. In the event that monetary damages are
an inadequate remedy for any harm suffered by us as a result of a breach of this
Agreement by you, we may also seek other relief, including an order of specific
performance or injunctive relief. You will not seek, and you agree to waive any
requirement for, the securing or posting of a bond in connection with our
seeking or obtaining such relief.

      You further agree to indemnify and hold us harmless from any damages,
losses, costs or liabilities (including legal fees and the costs of enforcing
this indemnity agreement) arising out of or resulting from your failure to abide
by the terms of this Agreement.

AT-WILL EMPLOYMENT

      You agree and understand that, except as may be provided in any employment
agreement between you and the Company, your employment with the Company is
"at-will," meaning that it is not for any specified period of time and can be
terminated by you or by the Company at any time, with or without advance notice,
and for any or no particular reason or cause. You agree and understand that it
also means that job duties, title and responsibility and reporting level,
compensation and benefits, as well as the Company's personnel policies and
procedures, may be changed at any time at-will by the Company. You understand
and agree that nothing about the fact or the content of this Agreement is
intended to, nor should be construed to, alter the at-will nature of your
employment with the Company. You also understand and agree that the at-will
nature of employment with the Company can only be changed by the Chief Executive
Officer or President of the Company in an express writing signed and dated by
him or her and by you.

ACKNOWLEDGMENT

      You agree that, in light of the substantial benefits you will receive as
our employee, the terms contained in this Agreement are necessary and reasonable
in all respects and that the restrictions imposed on you are reasonable and
necessary to protect our legitimate business interests. You acknowledge that a
portion of the salary you receive during your employment with the Company
constitutes due consideration for your obligations hereunder. Additionally, you
hereby acknowledge and agree that the restrictions imposed on you by this
Agreement will not prevent you from obtaining employment in your field of
expertise or cause you undue hardship.

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 22 of 25

<PAGE>

GOVERNING LAW

      This Agreement shall be governed by and construed in accordance with the
laws of the New York, without regard to any conflicts of laws provision thereof.

      By accepting this Agreement, you acknowledge that, given the nature of the
Company's business, the provisions contained in this Agreement contain
reasonable limitations as to time, geographical area and scope of activity to be
restrained, and do not impose a greater restraint than is necessary to protect
and preserve the Company and to protect the Company's legitimate interests. If,
however, the provisions of this Agreement are determined by any court of
competent jurisdiction or any arbitrator to be unenforceable by reason of its
extending for too long a period of time or over too large a geographic area or
by reason of its being too extensive in any other respect, or for any other
reason, it will be interpreted to extend only over the longest period of time
for which it may be enforceable and over the largest geographical area as to
which it may be enforceable and to the maximum extent in all other aspects as to
which it may be enforceable, all as determined by such court or arbitrator in
such action.

      Please confirm your agreement with the foregoing by signing and returning
directly to the undersigned the duplicate copy of this letter enclosed herewith.

                                      Very truly yours,

                                      Linktone Ltd.

                                      By: /s/ Raymond Lei Yang
                                          ------------------------------
                                          Name: Raymond Lei Yang
                                          Title: Chief Executive Officer

Accepted and Agreed to as
of the date first above written:

/s/ Colin Sung
----------------
Colin Sung

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 23 of 25

<PAGE>

                                                                       EXHIBIT E

                           Form of Release Certificate

______________ ("You") and Linktone Ltd. (the "Company") have agreed to enter
into this Release Certificate on the following terms:

      Within ten (10) days after you sign this Release Certificate (which you
may sign no sooner than the last day of your employment with the Company), you
will become eligible to receive severance benefits in accordance with the terms
of your Employment Agreement dated [date] ("Agreement").

      In return for the consideration described in the Agreement, you and your
representatives completely release Linktone Ltd., its affiliated, related,
parent or subsidiary corporations, and its and their present and former
directors, officers, and employees (the "Released Parties") from all claims of
any kind, known and unknown, which you may now have or have ever had against any
of them, or arising out of your relationship with any of them, including all
claims arising from your employment or the termination of your employment,
whether based on contract, tort, statute, local ordinance, regulation or any
comparable law in any jurisdiction ("Released Claims"). By way of example and
not in limitation, the Released Claims shall include any claims arising under
Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act,
the Worker Adjustment and Retraining Notification Act, the Age Discrimination in
Employment Act, and the New York Human Rights Law, or any comparable law of any
other jurisdiction or nation, as well as any claims asserting wrongful
termination, breach of contract, breach of the covenant of good faith and fair
dealing, negligent or intentional misrepresentation, and defamation and any
claims for attorneys' fees. You also agree not to initiate or cause to be
initiated against any of the Released Parties any lawsuit, compliance review,
administrative claim, investigation or proceedings of any kind which pertain in
any manner to the Released Claims.

      You acknowledge that the release of claims under the Age Discrimination in
Employment Act ("ADEA") is subject to special waiver protection. Therefore, you
acknowledge the following: (a) you have had 21 days to consider this Release
Certificate (but may sign it at any time beforehand if you so desire); (b) you
can consult an attorney in doing so; (c) you can revoke this Release Certificate
within seven (7) days of signing it by sending a certified letter to that effect
to [name and address]; and that (d) notwithstanding the foregoing, the portion
of this Release Certificate that pertains to the release of claims under the
ADEA shall not become effective or enforceable and no funds shall be exchanged
until the 7-day revocation period has expired, but that all other provisions of
this Release Certificate will become effective upon its execution by the
parties.

      The parties agree that this Release Certificate and the Agreement contain
all of our agreements and understandings with respect to their subject matter,
and may not be contradicted by evidence of any prior or contemporaneous
agreement, except to the extent that the provisions of any such agreement have
been expressly referred to in this Release Certificate or the Agreement as
having continued effect. It is agreed that this Release Certificate shall be
governed by the laws of the State of New York. If any provision of this Release
Certificate or its application to any person, place, or circumstance is held by
a court of competent jurisdiction to be invalid, unenforceable, or void, the
remainder of this Release Certificate and such provision as applied to other
person, places, and circumstances will remain in full force and effect.

      Please note that this Release Certificate may not be signed before the
last day of your

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 24 of 25

<PAGE>

employment with the Company, and that your eligibility for severance benefits is
conditioned upon meeting the terms set forth in the Agreement.

_______________________________     Date:  ___________________
         [Employee]

_______________________________     Date:  ___________________
         [Company Signatory]

Confidential           Copyright (C) 2004 Linktone Ltd.            Page 25 of 25<PAGE>
                                                                     EXHIBIT 4.8

                                                                 [LINKTONE LOGO]
================================================================================

                         EMPLOYMENT SEPARATION AGREEMENT

                                 By and Between

                                   MARK BEGERT

                                       And

                                  LINKTONE LTD.

                            Dated as of MAY 23, 2005

================================================================================

<PAGE>

               THIS EMPLOYMENT SEPARATION AGREEMENT ("Agreement")
                          is made and entered into this

                              23rd day of May, 2005

                                 by and between

                                   Mark Begert
                                (the "Employee")

                                       and

                          LINKTONE LTD. (THE "COMPANY")

BACKGROUND

WHEREAS the Employee and the Company (a Cayman Islands company) have previously
entered into an Employment Agreement dated October 1, 2004 (the "Original
Employment Agreement") pursuant to which the Employee has been employed by the
Company as its Chief Financial Officer.

WHEREAS the Employee and the Company desire to end Employee's employment with
the Company pursuant to the terms set forth herein and to terminate the Original
Employment Agreement, subject to the survival of certain provisions of the
Original Employment Agreement set forth herein.

NOW, THEREFORE, intending to be legally bound, and in consideration of the
premises and the mutual promises set forth in this Agreement and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Employee agree as follows:

DEFINITIONS

All capitalized terms not otherwise defined herein shall have such meanings as
set forth in the Original Employment Agreement.

ARTICLE 1. TERMS OF SEPARATION AND TERMINATION OF ORIGINAL EMPLOYMENT AGREEMENT

1.1   It is mutually agreed that Employee's employment with the Company and
      pursuant to the Original Employment Agreement will terminate on June 14,
      2005 (the "Termination Date"); provided, however, Employee will resign
      from his position as Chief Financial Officer of the Company on May 31,
      2005 and shall continue as a rank-and-file employee of the Company on
      vacation leave until the Termination Date. Except as otherwise provided
      herein, the Original Employment Agreement and all rights and entitlements
      of Employee's employment with the Company shall be terminated and of no
      further force and effect as of the Termination Date. Employee hereby
      acknowledges and agrees that, except as otherwise expressly provided
      herein, his compensation (including salary, benefits, perquisites and
      entitlements, if any) shall cease as of the Termination Date, and that he
      has no further

Confidential           Copyright (C) 2004 Linktone Ltd.              Page 2 of 9

<PAGE>

      entitlement to any other payments, benefits, perquisites or entitlements,
      or any claim for damages as against the Company, or any of its affiliates,
      parents, subsidiaries, or their respective directors, officers or
      employees, including the Released Parties (as defined in Exhibit A which
      is attached hereto), whether at common law, statute or contract,
      specifically including without limitation, pursuant to the Original
      Employment Agreement. Notwithstanding anything herein to the contrary, the
      Key Employee Invention Assignment and Confidentiality Agreement and the
      Non-Compete Agreement each executed by Employee and the Company as of
      October 1, 2004, the Indemnification Agreement dated as of July 20, 2004
      executed by Employee and the Company, and Articles 5 and 7 of the Original
      Employment Agreement shall survive the Termination Date and remain in full
      force and effect.

1.2   Following the Termination Date until the date of Employee's election to
      the Company's Board of Directors (the "Board") at the Company's 2005
      annual general meeting of shareholders, Employee shall be deemed a
      part-time, unpaid consultant of the Company.

ARTICLE 2. RETURN OF COMPANY PROPERTY

On the Termination Date, Employee shall deliver to the Company:

2.1   all keys and security cards to the premises occupied by the Company;

2.2   all credit cards, checks, banking instruments and other devices for
      charging to or debiting the accounts of the Company;

2.3   all computers, phones or other tangible property belonging to the Company;
      and

2.4   all documents, files, lists, drawings, designs, or reports in his
      possession that is the property of the Company.

ARTICLE 3. PAYMENTS TO EMPLOYEE

3.1   SEVERANCE AND OTHER PAYMENTS

      In full and final satisfaction of all claims Employee has or may have
against the Company or any Released Party in connection with the Original
Employment Agreement or his employment at the Company, the Company shall provide
Employee with the Standard Termination Entitlements and Severance Benefits;
provided that Employee's eligibility for Severance Benefits is conditioned on
Employee having first signed a release certificate in the form attached as
Exhibit A, and subject to applicable withholding for employment and income taxes
and subject to the following other provisions:

            3.1.1 The Severance Benefits described in Section 3.4.2(i) of the
                  Original Employment Agreement shall be paid in a lump sum
                  amount within five (5) business days following the Termination
                  Date.

            3.1.2 Employee is entitled to receive the Annual Performance
                  Incentive Cash Bonus described in Section 2.1(ii) of the
                  Original Employment Agreement, if (and only if) the Board or
                  the Compensation Committee of the Board, as the case may be,
                  determines in its sole discretion to award any such bonus to
                  Employee with respect to his services provided to the Company
                  during 2004.

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            3.1.3 If Employee is elected to the Company's Board at the Company's
                  2005 annual general meeting of shareholders, Employee agrees
                  that the Company shall have no obligation to pay any fees or
                  compensation related to Employee's service on the Company's
                  Board until such time as Employee has served on the Company's
                  Board for a period of not less than nine (9) months from the
                  date of the Company's 2005 annual general meeting of
                  shareholders, and no fees or compensation for board service
                  shall accrue until after the end of such period.

3.2   EMPLOYEE STOCK OPTION AWARDS.

            3.2.1 Following the Termination Date, for so long as Employee is a
                  consultant to the Company or a member of the Company's Board,
                  the vesting of Employee Stock Options shall continue until the
                  Employee's Continuous Service (as defined in the Company's
                  2003 Stock Incentive Plan and 2000-1 Employee Stock Option
                  Plan (collectively, the "Stock Option Plans")) terminates or
                  as otherwise determined by the administrator for the Company's
                  Stock Option Plans in accordance with the provisions of such
                  plans and the applicable option award notices and award
                  agreements. The Company and the Employee hereby agree to waive
                  the provisions of Amendments No. 1 to the following Employee
                  Stock Options: LT2000-1-060100-L119, LT2000-1-030101-L119,
                  LT2000-1-060101-L119, LT2000-1-010102-L119 and
                  LT2000-1-040103-L119, each executed by Employee and the
                  Company, so that the termination of Employee as an employee of
                  the Company shall not cause an acceleration of the vesting of
                  such option awards.

            3.2.2 Notwithstanding anything herein to the contrary, (a) if
                  Employee is not elected to the Company's Board at the
                  Company's 2005 annual general meeting of shareholders or (b)
                  if Employee is elected to the Company's Board at the Company's
                  2005 annual general meeting of shareholders, but subsequently
                  resigns or is removed from the Board prior to April 31, 2006,
                  then (i) the Company hereby agrees to retain Employee as a
                  consultant to the Company until at least April 31, 2006 to
                  provide strategic planning services, including but not limited
                  to the development of the Company's international business
                  development strategy and (ii) the vesting of Employee Stock
                  Options shall continue pursuant to Section 3.2.1 of this
                  Agreement. The terms of such consultancy position shall be
                  mutually agreed to by both parties as soon as practicable
                  following the date of the 2005 annual general meeting of
                  shareholders or prior to the date of Employee's resignation or
                  removal from the Board, each as the case may be.

ARTICLE 4. COVENANTS

      During the period from the date of this Agreement until the later of (i)
June 30, 2005 and (ii) the date of filing of the Company's annual report on Form
20-F for the fiscal year ended December 31, 2004 (the "20-F") with the U.S.
Securities and Exchange Commission (the "SEC"), Employee agrees to provide
reasonable cooperation and support to the Company in connection with the
preparation of periodic reports filed by the Company with the SEC, including
without limitation the 20-F and providing such supporting certifications as the
Company may request in connection with the certification of the Company's
disclosure controls and procedures therein.

ARTICLE 5. REMEDIES

      If the Employee commits a breach, or threatens to commit a breach, of any
provisions of this Agreement, Articles 5 and 7 of the Original Employment
Agreement or the Ancillary

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Agreements thereof (the "Breach"), the Company shall have the right to terminate
the employment of Employee and claim for damages associated with the Breach,
each of which shall be independent of the others and shall be severally
enforceable, and all of which shall be in addition to, and not in lieu of, any
other rights and remedies available under law or in equity to the Company. For
purposes of having the provisions hereof, Articles 5 and 7 of the Original
Employment Agreement or the Ancillary Agreements enforced by any court, it is
hereby acknowledged and agreed that any breach or threatened breach of any of
such provision by the Employee will cause irreparable injury to the Company and
that money damages will not provide an adequate remedy to the Company.

ARTICLE 6. DISPUTE RESOLUTION

      Any dispute, controversy or claim, at any time arising out of or relating
to this Agreement, or the breach, termination or invalidity thereof (other than
any dispute, controversy or claim pursuant to the Key Employee Invention
Assignment and Confidentiality Agreement or Non-Compete Agreement under Article
5 of the Original Employment Agreement or the Release Certificate which is
attached hereto as Exhibit A, which may, at the option of the Company, be
submitted to any court having jurisdiction), shall be referred to the Hong Kong
courts for final and binding adjudication. The parties irrevocably waive, to the
fullest extent permitted by law, any objection the party may have to the laying
of venue for any such suit, action or proceeding brought in such court. THE
PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF
ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this
Article 6 shall for any reason be held invalid or unenforceable, it is the
specific intent of the parties that such provisions shall be modified to the
minimum extent necessary to make it or its application valid and enforceable.

ARTICLE 7. VOLUNTARY EXECUTION

      Employee acknowledges and agrees that he freely and voluntarily entered
into this Agreement, that he has been encouraged to consult an attorney before
signing this Agreement, that he had an opportunity to review this Agreement with
an attorney of his choice, and has had sufficient time to do so. Employee
further acknowledges and agrees that he fully understands the terms of this
Agreement and that the only consideration for this Agreement is as referred to
above. Employee confirms that no other promises or representations of any kind
have been made to Employee to cause Employee to sign this Agreement.

ARTICLE 8. CONFIDENTIAL AGREEMENT

      Employee agrees to keep the terms of this Agreement and all discussions
relating hereto confidential, provided, however, Employee may disclose the terms
of this Agreement to his spouse and his tax and legal advisors, provided they
agree to keep the terms of this Agreement confidential.

ARTICLE 9. GENERAL PROVISIONS

9.1   NOTICES. All notices, requests, claims, demands and other communications
      hereunder shall be in writing and shall be given (and shall be deemed to
      have been duly received if so given) by hand delivery, telegram, telex, or
      telecopy, or facsimile transmission, or by mail (registered or certified
      mail, postage prepaid, return receipt requested) or by any courier
      service, providing proof of delivery. All communications hereunder shall
      be delivered to the respective parties at the following addresses or to
      such other address as the party to whom notice is given may have
      previously furnished to the other parties hereto

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<PAGE>
      in writing in the manner set forth above:

      If to the Employee: Mr. Mark Begert
                          c/o Linktone Ltd.
                          5th Floor, No. 689 Beijing Dong Rd.
                          Shanghai 200001
                          People's Republic of China

      If to the Company:  Linktone Ltd.
                          5th Floor, No. 689 Beijing Dong Rd.
                          Shanghai 200001
                          People's Republic of China
                          Attention: Chief Executive Officer
                                     Vice President, Legal Affairs

9.2   ENTIRE AGREEMENT. This Agreement shall constitute the entire agreement
      between the Employee and the Company with respect to the Employee's
      termination of employment with the Company and supersedes any and all
      prior agreements and understandings, including but not limited to the
      Original Employment Agreement, written or oral, with respect thereto.

9.3   AMENDMENTS AND WAIVERS. Any term of this Agreement may be amended and the
      observance of any term of this Agreement may be waived (either generally
      or in a particular instance and either retroactively or prospectively)
      only by an instrument in writing and signed by the party against whom such
      amendment or waiver is sought to be enforced.

9.4   SUCCESSORS AND ASSIGNS. No part of the Employee's or the Company's rights
      or obligations hereunder or thereunder may be assigned, transferred,
      pledged or encumbered by the Employee or the Company. This Agreement shall
      inure to the benefit of, and be binding upon (a) the parties hereto, (b)
      the heirs, administrators, executors and personal representatives of the
      Employee and (c) the successors and assigns of the Company as provided
      herein.

9.5   GOVERNING LAW AND VENUE. This Agreement, including the validity hereof and
      the rights and obligations of the parties hereunder, and all amendments
      and supplements hereof and all waivers and consents hereunder, shall be
      construed in accordance with and governed by the laws of the State of New
      York, USA, without giving effect to any conflicts of law provisions or
      rule, that would cause the application of the laws of any other
      jurisdiction.

9.6   SEVERABILITY. If any provisions of this Agreement, as applied to any part
      or to any circumstance, shall be adjudged by a court to be invalid or
      unenforceable, the same shall in no way affect any other provision of this
      Agreement, the application of such provision in any other circumstances or
      the validity or enforceability of this Agreement.

9.7   CAPTIONS. The headings and captions used in this Agreement are used for
      convenience only and are not to be considered in construing or
      interpreting this Agreement.

9.8   COUNTERPARTS. This Agreement may be executed in two or more counterparts,
      each of which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

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<PAGE>
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

EMPLOYEE

By: /s/ Mark Begert
    ---------------
    Mark Begert

COMPANY

By: /s/ Raymond Yang
    -------------------------------
    Name: Raymond Yang
    Title: Chief Executive Officer

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<PAGE>
                                    Exhibit A

                           Form of Release Certificate

Mark Begert ("You") and Linktone Ltd. (the "Company") have agreed to enter into
this Release Certificate on the following terms:

      Within ten (10) days after you sign this Release Certificate (which you
may sign no sooner than the last day of your employment with the Company), you
will become eligible to receive severance benefits in accordance with the terms
of the Employment Separation Agreement dated May 23, 2005 ("Agreement").

      In return for the consideration described in the Agreement, you and your
representatives completely release Linktone Ltd., its affiliated, related,
parent or subsidiary corporations, and its and their present and former
directors, officers, and employees (the "Released Parties") from all claims of
any kind, known and unknown, which you may now have or have ever had against any
of them, or arising out of your relationship with any of them, including all
claims arising from your employment or the termination of your employment,
whether based on contract, tort, statute, local ordinance, regulation or any
comparable law in any jurisdiction ("Released Claims"). By way of example and
not in limitation, the Released Claims shall include any claims arising under
Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act,
the Worker Adjustment and Retraining Notification Act, the Age Discrimination in
Employment Act, and the New York Human Rights Law, or any comparable law of any
other jurisdiction or nation, as well as any claims asserting wrongful
termination, breach of contract, breach of the covenant of good faith and fair
dealing, negligent or intentional misrepresentation, and defamation and any
claims for attorneys' fees. You also agree not to initiate or cause to be
initiated against any of the Released Parties any lawsuit, compliance review,
administrative claim, investigation or proceedings of any kind which pertain in
any manner to the Released Claims.

      You acknowledge that the release of claims under the Age Discrimination in
Employment Act ("ADEA") is subject to special waiver protection. Therefore, you
acknowledge the following: (a) you have had 21 days to consider this Release
Certificate (but may sign it at any time beforehand if you so desire); (b) you
can consult an attorney in doing so; (c) you can revoke this Release Certificate
within seven (7) days of signing it by sending a certified letter to that effect
to Raymond Yang at c/o Linktone Ltd., 5th Floor, No. 689 Beijing Dong Rd.
Shanghai 200001, People's Republic of China; and that (d) notwithstanding the
foregoing, the portion of this Release Certificate that pertains to the release
of claims under the ADEA shall not become effective or enforceable and no funds
shall be exchanged until the 7-day revocation period has expired, but that all
other provisions of this Release Certificate will become effective upon its
execution by the parties.

      The parties agree that this Release Certificate and the Agreement contain
all of our agreements and understandings with respect to their subject matter,
and may not be contradicted by evidence of any prior or contemporaneous
agreement, except to the extent that the provisions of any such agreement have
been expressly referred to in this Release Certificate or the Agreement as
having continued effect. It is agreed that this Release Certificate shall be
governed by the laws of the State of New York. If any provision of this Release
Certificate or its application to any person, place, or circumstance is held by
a court of competent jurisdiction to be invalid, unenforceable, or void, the
remainder of this Release Certificate and such provision as applied to other
person, places, and circumstances will remain in full force and effect.

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<PAGE>

      Please note that this Release Certificate may not be signed before the
last day of your employment with the Company, and that your eligibility for
severance benefits is conditioned upon meeting the terms set forth in the
Agreement.

/s/ Mark Begert                                      June 14, 2005
------------------------
Mark Begert

Linktone Ltd.

By: /s/ Raymond Yang                                 June 14, 2005
   --------------------------------------
    Raymond Yang, Chief Executive Officer

Confidential           Copyright (C) 2004 Linktone Ltd.              Page 9 of 9

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