China Vanguard You Champion : POSTPONEMENT OF EXTRAORDINARY GENERAL MEETING

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POSTPONEMENT OF EXTRAORDINARY GENERAL MEETING

Reference is made to the circular of the China Vanguard You Champion Holdings Limited (the "Company") dated 5 December 2017 (the "Circular"), the notice of the extraordinary general meeting (the "EGM") dated 5 December 2017 and the announcement on postponement of the EGM dated 15 December 2017 of the Company, which set out the resolutions to be considered by the Shareholders at the EGM to be held at Units 307-313, 3/F, Wireless Centre, Phase One Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong on Friday, 12 January 2018 at 10:00 a.m.. Unless otherwise requires, terms used in this announcement shall have the same meanings as those defined in the circular dated 5 December 2017.

The board of directors of the Company (the "Board") hereby announces that as the Company is preparing the relevant resolutions and materials, the EGM will be further postponed to on Wednesday, 24 January 2018 at 10:00 a.m. and the venue will remain unchanged.

A supplemental circular, a supplemental notice of the EGM together with a revised proxy form will be despatched to the Shareholders as and when appropriate. Shareholders should refer to the said supplemental notice for details of the time of postponed EGM, the additional resolutions, appointment of proxy and other relevant matters.

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, 3 January 2018

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

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