Equity Transfer Testimony Shenzhen China Equity Transfer Agreement

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Exhibit 10.3

(ENGLISH TRANSLATION)

Shenzhen International Hi-tech Property Exchange

Equity Transfer Testimony

Shenzhen China

Equity Transfer Agreement

Transferor: Mingchun Zhou (hereinafter referred to as Party A)
Address: Talent Marketing Building, North Bao'an Road, Luohu District, Shenzhen City, Guangdong Province
ID No.: 320104197008135610

Transferor: Weibing Wang (hereinafter referred to as Party B)
Address: Xinghai Mingcheng, Nanshan District, Shenzhen City, Guangdong Province
ID No.: 310104196911055610

Transferor: Shengrong Dong (hereinafter referred to as Party C)
Address: Room 404, Building 65, Yitian Village, Futian District, Shenzhen City, Guangdong Province
ID No.: 440223197608020317

Transferor: Yagang Lu (hereinafter referred to as Party D)
Address: Room 702, Building 1, Wendefu Garden, Houhai, Shekou, Shenzhen City, Guangdong Province
ID No.: 210105196805304014

Transferee: United Digital Home H.K. Group Company Limited (hereinafter referred to as Party E)
Address: Room 1613, 16/F, Dayou Building, No.181, Zhuangshidun Street, Wanzai, Hongkong
Registration No.: 38735738-12-07-A

Shenzhen Skyrise Technology Co., Ltd. (hereinafter referred to as joint venture), was established in Shenzhen in May 27, 2003. Its registered capital is RMB 8,000,000 yuan, among which Party A takes up 85.43% of the equity, Party B takes up 5.59%, Party C takes up 3.99%, and Party D 4.99% . Party A, B, C, D agree to transfer 100% of their equity of the joint venture to Party E, and Party E accepts the transfer. Hereby Party A, B, C, D, E come to an agreement on the transfer of equity based on The Company Law of People's Republic of China and The Contract Law of People's Republic of China as following:

The price of transferred equity and the payment terms:

	1.1.	Party A takes up 85.43% of the stock equity. It should contribute RMB 6,834,400 yuan according to the contract of the original joint venture and the actual capital contribution of Party A is RMB 6,834,400 yuan. Now Party A transfers its 85.43% of the stock equity to Party E at a price of RMB 3,417,200 yuan.

	1.2.	Party B takes up 5.59% of the stock equity. It should contribute RMB 447,200 yuan according to the contract of the original joint venture and the actual capital contribution of Party B is RMB 447,200 yuan.

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