Acknowledgement Letter from Zhengdong Zhu and Baohong Yin

EX-10.17 24 dex1017.htm ACKNOWLEDGEMENT LETTER FROM ZHENGDONG ZHU AND BAOHONG YIN Acknowledgement Letter from Zhengdong Zhu and Baohong Yin

Exhibit 10.17

CONFIRMATION

TO: Beijing Champion Distance Education Technology Co., Ltd

We, Zhu Zhengdong and Yin Baohong, as the shareholders of Beijing Dongda Zhengbao Science and Technology Co., Ltd (hereafter “S&T Company”), hereby irrevocably make the following confirmation to Beijing Champion Distance Education Technology Co., Ltd (hereafter “Champion Company”) about the equity right of S&T Company we hold:

We, hereby confirm that our capital contribution of RMB 3,200,000.00 to S&T Company before May 1^st, 2004 belong to part of the pledged equity according to the Equity Pledge Contract executed on May 1^st, 2004.


Signature:		Zhu Zhengdong

		Yin Baohong

Date:		March 25^th, 2008