China Vanguard : Change of Registered Office and Principal Share Registrar and Transfer Office in the Cayman Islands

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of contents of this announcement.

CHANGE OF REGISTERED OFFICE AND PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE IN THE CAYMAN ISLANDS

The board of directors (the ''Board'') of China Vanguard Group Limited (the ''Company'') hereby announces that with effect from 23 December 2016, the registered office of the Company has been relocated to:

P.O. Box 10008, Willow House, Cricket Square, Grand Cayman KY1-1001, Cayman Islands

The Board further announces that with effect from 23 December 2016, the principal share registrar and transfer office of the Company has been changed from Estera Trust (Cayman) Limited to:

Tricor Services (Cayman Islands) Limited

P.O. Box 10008, Willow House, Cricket Square, Grand Cayman KY1-1001, Cayman Islands

The Company's branch share registrar and transfer office in Hong Kong is still maintained by Tricor Standard Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong.

By Order of the Board

CHINA VANGUARD GROUP LIMITED

眾彩科技股份有限公司*

HO Kam Kin

Company Secretary

Hong Kong, 3 January 2017

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

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on The Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited 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 at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the website of the Company at www.cvg.com.hk.

* For identification purposes only