China Vanguard You Champion : VOLUNTARY ANNOUNCEMENT - IN RELATION TO INTERNET PLUS SPORTS AND LOTTERY COOPERATION AGREEMENT IN HAINAN

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VOLUNTARY ANNOUNCEMENT

IN RELATION TO

INTERNET PLUS SPORTS AND LOTTERY COOPERATION

AGREEMENT IN HAINAN

This announcement is made by China Vanguard You Champion Holdings Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis to keep the shareholders and potential investors informed of the latest business development of the Group.

The board of directors (the "Board") of the Company is pleased to announce that dated on 18th

April 2018, a subsidiary of the Group has signed legally binding cooperation agreement (the "Cooperation Agreement") with Hainan Huan Yu Assets Investment Company Limited* (海南桓 裕實業投資有限公司)("Hainan Huan Yu").

The cooperation with Hainan Huan Yu is based on both parties' respective business foundation and professional resources and advantages in Hainan. Through establishing a close and deep cooperation, both parties jointly explore the development direction of Hainan Internet Plus sports and lottery, in response to the development direction in the guidelines on supporting Hainan's efforts to deepen reform and opening up released by the Chinese government (the "Guidelines") for developing business value. The Cooperation Agreement has a term of 5 years.

To the best of the Board's knowledge, information and belief having made all reasonable enquiries, Hainan Huan Yu is a third party independent of and not connected with the Company and its core connected person (as defined in the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules")).

The Board considers that the Cooperation Agreement was entered into in the ordinary course of business of the Company and on normal commercial terms after arm's length negotiation.

REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT

In the early 2012, the Group already in discussion with the relevant government departments and conduct site visit for the development of sports lottery in Hainan. These discussions were under the development theme of massive scale of development in cultural, sports and gaming which including interactive lottery related business and sports training and tourism facilities. In 2016, with the advantages in strong technical capabilities, through the proprietary development of international award-winning interactive marketing solution, the Group successfully signed a contract with Hainan Sports Lottery Administration Centre in provision of hardware and software of interactive marketing solution.

According to the Guidelines that recently released by the Chinese government, the Guidelines requested to advocate the establishment of the structure and system for the center of international tourism consumption in innovative way. The Guidelines for tourism consumption opening up several development directions including lottery related, sports tourism, "Internet Plus" consumption ecosystem for government related supervision system. Several development directions as mentioned in the Guidelines are closely matched with the development directions of the Group over the years, and the Group also has relevant advantages, including that the Group has been providing products and services for lottery centers in many provinces. In the "Internet Plus" field, the Group is also a priority strategic partner with Tencent Cloud Computing (Beijing) Company Limited ( 騰訊雲計算（北京）有限責任公司 ) ("Tencent Cloud") on a nationwide basis in particularly, in market segments of government affairs and lottery. The Group is also the business partner with the Shenzhen branch of China UnionPay on a nationwide authorization on the "Mobile QuickPass" (" 雲閃付 ") platform. Through the cooperation with Hainan Huan Yu, besides the Group can use the advantages in lottery and "Internet Plus", by jointly with the experienced and capability of Hainan Huan Yu in development, this cooperation provides both parties with a good framework to grasp the opportunities of development in Hainan by integrating respective resources on the basis of mutual benefit and reciprocity.

ABOUT THE GROUP

With the advantage of an excellent R&D team and abundant industry experience, the Group has applied the relevant "Internet Plus" solutions into multiple market segments, including government affairs, leasing, health and tourism. The Group also has the advantage of covering the lottery business in many provinces and cities, providing the leading hardware and international award-winning online-offline interactive solutions to the lottery industry in a number of provinces and cities in the PRC. Meanwhile, The Group is also the priority strategic partner of Tencent Cloud on a nationwide basis in four specific market segments, namely government affairs, public security, health and lottery. Also, the Group is the business partner with the Shenzhen branch of China UnionPay on a nationwide authorization on the "Mobile QuickPass' ("雲閃付") platform.

ABOUT HAINAN HUAN YU

Hainan Huan Yu Assets Investment Company Limited*, is a subsidiary of Beijing Huan Yu Investment Group Limited* (北京桓裕投資集團有限公司) ("Huan Yu Group"). Huan Yu Group is experienced and resourceful in commercial property development, it has projects in several locations including Beijing, Hainan, Shandong, Anhui, Shanxi, Jiangsu, Jilin. Hainan Huan Yu established in 2009, is the local renowned property developer, its high-end property project - One Haikou Bay, is located in core Haikou bay seaside, Haikou city.

By Order of the Board

CHINA VANGUARD YOU CHAMPION

HOLDINGS LIMITED 眾彩羽翔股份有限公司*

CHAN Ting

Executive Director and Chief Executive Officer

Hong Kong, 18 April 2018

As at the date of this announcement, the Board of the Company comprises Madam CHEUNG Kwai Lan, Mr. CHAN Ting as Executive Directors, Mr. CHAN Tung Mei as Non-executive Director and Mr. TO Yan Ming Edmond , Mr. YANG Qing Cai and Dr. LIU Ta-pei as Independent Non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website atwww.hkgem.comfor a minimum period of 7 days from the date of its publication and on the website of the Company atwww.cvg.com.hk.

*

For identification purposes only