CHINA MEDIA1 CORP.
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>v053043_ex10-4.txt
<TEXT>


                               OPERATING AGREEMENT


Date:           September 8, 2006

Parties of the Agreement:

Party A:        Guangzhou Titan Media Company Limited ("Titan Media")

Address:        12/F Aerospace Skyscraper, Shenzhen, China

Party B:        Guangzhou Chuangrun Advertising Co. Ltd. ("GZ Chuangrun")

Address:        168 Jiangnan Da Dao Zhong, CNOOC Building, 12/F,
                Guangzhou, China

Party C:        China Media1 Corp. ("CMDA")

Address:        142 - 757 West Hastings St., Suite 328, Vancouver,
                B.C. Canada V6C 1A1


Recital:

      1.    The legal owner of Titan  Media is Mr.  Jing Liang.  Titan Media has
            signed an 8 year agreement with Xian Xianyang  International Airport
            for 32 scrolling advertising signs. The owner of GZ Chuangrun is Mr.
            Hanxiong Cai. CMDA is a Nevada  incorporated  company  listed on the
            NASD OTCBB.  Mr.  Hanxiong Cai is its Chairman and Mr. Ernest Cheung
            is its President.

      2.    Titan Media understands that the Xian Xianyang International Airport
            contract was arranged by Chuangrun and Mr. Cai as  compensation  for
            the potential loss of revenue for the Guangzhou Baiyun International
            Airport  contracts at a cost of US$ 1.00 to CMDA. Titan will attempt
            to  re-sign  the  Guangzhou  contracts  and offer to CMDA on a first
            right of refusal basis at a cost agreeable to both parties.  CMDA is
            responsible for the deposit for the new Xian Xianyang  International
            Airport  contract and Chuangrun is responsible for the old Guangzhou
            Baiyun International Airport contract.

      3.    In an agreement  dated  September 8, 2006,  CMDA  acquired the above
            mentioned contract from Titan Media.

      4.    Titan Media and CMDA  wishes to appoint GZ  Chuangrun  as  exclusive
            agent for the  above  mentioned  advertising  contract,  and  hereby
            agrees to the following.


<PAGE>


Hereby agrees as follows:

      1.    The Xian Xianyang International Airport agreement for 32 advertising
            signage  locations stay under Titan Media,  but all benefits  revert
            back to CMDA. In furtherance  of the foregoing,  for the term of the
            Xian Xianyang International Airport agreement:

            (a)   Titan Media hereby  assigns and transfers to CMDA all revenues
                  generated from the  operations  relating to the agreement with
                  the Xian Xianyang International Airport for the 32 advertising
                  signage locations (the "Airport Revenues").

            (b)   CMDA shall cause to be paid from the Airport  Revenues  all of
                  the operating  expenses of GZ Chuangrun  incurred  relating to
                  the agreement with the Xian Xianyang International Airport for
                  the 32 advertising signage locations (the "Airport Expenses"),
                  including,  but not limited to, trade accounts  payable,  real
                  property lease obligations, employee obligations, and taxes.

            (c)   CMDA  shall  use the  Airport  Revenues  collected  to pay the
                  Airport  Expenses  until  the  expiration  of each of the Xian
                  Xianyang International Airport agreements.

      2.    CMDA  will pay the  following  management  fees to GZ  Chuangrun  as
            compensation  for  GZ  Chuangrun  acting  as  agent  for  CMDA.  The
            management fee includes all daily operating  expenses,  but does not
            include  project  deposits  and  upfront  fees,  20% of  advertising
            revenues up to a total all airport aggregate of $2.5 million in 2006
            and $3 million each calendar year thereafter.

      3.    The above management fee is payable every quarter end.

      4.    The  above   management   fee  only   includes  the  Xian   Xianyang
            International Airport for the 32 advertising signage locations.

      5.    As the Chairman of the Board and largest  shareholder  of CMDA,  Mr.
            Cai Hanxiong will do his utmost to protect  CMDA's  interest and act
            as guardian of this agreement.

      6.    All other  matters  will be decided by the board of directors of all
            parties.


<PAGE>


                                   SIGNATURES


This Agreement is signed this 8th day of September, 2006 and is effective
immediately.





/s/ Jing Liang
---------------------------
Titan Media
Jing Liang, Legal Representative



/s/ Hanxiong Cai
---------------------------
GZ Chuangrun
Hanxiong Cai, Legal Representative



/s/ Ernest Cheung
---------------------------
China Media1 Corp.
Ernest Cheung, President
</TEXT>
</DOCUMENT>
