Exhibit 10.4
[Translation of Chinese original]
Equity Transfer Agreement
This agreement is entered into by the following parties on August 4, 2006 in Beijing, the People’s Republic of China (“PRC” or
“China”):
Whereas:
NOW THEREFORE, Party A and Party B, through friendly consultations, agree as follows in respect of the transfer of 51%
equity interest of the Target Company:
Article 1 Equity Transfer
Party B contributes RMB 2.397 million, holding 51% equity interest of the Target Company;
Panasonic Corporation of China contributes RMB 2.303 million, holding 49% equity interest of the Target Company;
Article 2 Transfer Price and Payment Method
Party B shall pay to Party A the aforesaid amount at the Transfer Price within ten days after the Effective Day.
Article 3 Effective Day
Page 2
Transferor:
Novel-Tongfang Information Engineering Co., Ltd. ( “Party A”), a limited liability company duly incorporated and
validly existing under the PRC laws, whose registered office is at Shishan Software Science & Technology Venture
Center Tower A, 1/F, Nanhai District, Foshan, Guangdong and its legal representative is Jianming Xiao;
Transferee:
Beijing Novel-Tongfang Digital TV Technology Co., Ltd. (“Party B”), a limited liability company duly incorporated
and validly existing under the PRC laws, whose registered office is at Jingmeng Hi-Tech Building B, Room 402, No.5,
Shangdi East Road, Haidian District, Beijing and its legal representative is Jianhua Zhu;
(1)
Foshan Nanhai Guokai Digital TV Technology Co., Ltd. (the “Target Company”), a limited liability company duly
incorporated and validly existing under the PRC laws, has registered capital of RMB 4.7 million, of which Panasonic
Corporation of China contributed RMB 2.303 million, holding 49% equity interest of the Target Company and Party A has
contributed RMB 2.397 million, holding 51% equity interest of the Target Company.
(2)
Party A desires to transfer 51% equity interest o