China Vanguard You Champion : VOLUNTARY ANNOUNCEMENT - IN RELATION TO STRATEGIC COOPERATION AGREEMENT WITH GZCI SMART CITY DEVELOPMENT LIMITED

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VOLUNTARY ANNOUNCEMENT

IN RELATION TO

STRATEGIC COOPERATION AGREEMENT WITH GZCI SMART CITY

DEVELOPMENT LIMITED

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 as of this announcement date, the Company through its subsidiary entered into a legally binding strategic cooperation agreement (the "Strategic Cooperation Agreement") with Guangzhou City Construction Investments Group Smart City Technology Development Company Limited (廣州城 投智慧城市科技發展有限公司) ("GZCI Smart City "). The Group is a technical development service provider for the Shenzhen Lease Trading Service Platform ("SZ Lease Platform"), while GZCI Smart City is being authorized by Guangzhou City Construction Investments Group Company Limited ("GZCI") as the technical support for the GZCI Residential Lease Platform ("GZCI Lease Platform"). The purpose of entering into the Strategic Cooperation Agreement is the formation of strategic partnership between the Group and GZCI Smart City in GZCI Lease Platform and smart city market segment.

To the best of the Board's knowledge, information and belief having made all reasonable enquiries, GZCI Smart City 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 Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules")).

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

ABOUT THE GROUP

The Group has been providing the leading hardware and software solutions to the lottery industry in a number of provinces and cities in the PRC. The Group through "Yao Cai" solution, an international award-winning online-offline interactive solution, stepped into "Internet Plus Lottery" market, and applied the relevant "Internet Plus" solutions into multiple market segments, including "Internet Plus Government Affairs", "Internet Plus Leasing", Internet Plus Health" and "Internet Plus Tourism". 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 care and lottery.

ABOUT GZCI SMART CITY

The controlling shareholder of GZCI Smart City is GZCI. GZCI Smart City is authorized and delegated by GZCI as technical support for GZCI Leasing Platform. GZCI Smart City continue participate and accumulate experience in smart city market segment, in provision of the application of big data, as well as consultation, planning, investment, construction and operation for smart city market segment.

REASONS FOR AND BENEFITS OF ENTERING INTO THE STRATEGIC COOPERATION AGREEMENT

The importance of the reformation of the PRC residential lease market has been indicated from the content in the report of 19th CPC National Congress and the joint notice issued by Ministry of Housing and Urban-Rural Development together with other 8 government authorities. In order to accelerate the development of the residential lease market, there are 12 cities listed for the first batch of trial in the reformation of residential lease market.

Currently, many financial institutions and many leading internet companies are actively pursuiting the nationwide residential lease market which is expected to have a market size of over RMB 100 billion. The first batch of 12 cities in trial, including Guangzhou and Shenzhen, are the cities which have the natural demands and conditions for the reformation of residential lease. The Board is of the view that, as a technical development service provider for SZ Lease Platform, forming a strategic cooperation with a company which is focused in construction of residential lease trading service platform and smart city under GZCI, is an important move for the Group to broaden our development in residential lease market.

The strategic cooperation besides confirming the relationship of both parties in regards to the future development, it also signified the determination by both parties in jointly developing the residential lease market in the future. Both parties will bring in their resources with advantages to create synergy effect, to empower for the future and to create value. Riding on the foundation of our business in residential lease, the Group being a step ahead, will be able to capture the opportunities arise in the smart city market segment and rapidly replicate the solution nationwide.

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 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