China Vanguard You Champion : VOLUNTARY ANNOUNCEMENT - IN RELATION TO SHENZHEN RESIDENTIAL LEASE SERVICE SUPERVISORY PLATFORM DEVELOPMENT PROJECT AGREEMENT WITH TENCENT CLOUD

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VOLUNTARY ANNOUNCEMENT

IN RELATION TO SHENZHEN RESIDENTIAL LEASE SERVICE SUPERVISORY PLATFORM DEVELOPMENT PROJECT AGREEMENT

WITH TENCENT CLOUD

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 the date of this announcement, Tencent Cloud Computing (Beijing) Company Limited (騰訊雲計算(北京)有 限責任公司) ("Tencent Cloud") has signed a Shenzhen residential lease service supervisory platform("Shenzhen lease platform") development project agreement (the "Project Agreement") with a subsidiary of the Group. The Project Agreement will bring considerable revenue to the Group through the business of "Internet + Leasing". The Project Agreement is about Tencent Cloud authorizing the Group to develop a supervisory platform and related services under the Shenzhen lease platform including functional services such as a self-service system for Shenzhen residential lease agencies, operation and supervision system, third-party interface to the Shenzhen lease platform, housing data filter and operational maintenances. After the preliminary test run, the Shenzhen lease platform is already online and houses for rent are constantly registered and transacted with tenants constantly growing.

Shenzhen lease platform is promoted by Housing and Construction Bureau of Shenzhen Municipality. At present, users can follow the Wechat Official Account called Shenzhen Smart Leasing (深圳智 慧租房) or users can set the location to Shenzhen for the Public Services under Wechat Wallet and then press the Renting button to access the platform. Through the adoption of innovative technologies such as cloud computing, big data and online payment, the Shenzhen lease platform aims at problems of the current residential lease market and makes efforts to resolve the ubiquitous chaos in the current offline residential lease market such as improper real estate agency, low default cost, indiscriminate charges and personal data leakage. Meanwhile, relevant government departments can provide more direct and more accurate services such as the withdrawal of housing provident fund, school enrollment points and deposit free arrangement through the credit system of the Shenzhen leaseplatform, which greatly improves the leasing experience. Providing full access for the three key leasing links including transaction, service and supervision, Shenzhen lease platform optimizes the

Shenzhen residential lease market and enhances the Group's leading position in the corresponding field. Shenzhen is one of the first pilot cities to carry out residential lease platforms. With the promotion policies expending to more cities, the Shenzhen lease platform provided by the Group is expected to be rapidly and widely promoted. The rapid promotion of the leasing platform will create a new model with real housing information, stable price and without unnecessary procedures. Through integration of related services such as housing management, contract management, verification and certification, credit system construction and convenient payment, the Shenzhen lease platform will bring a new order to the market in the perspective of transaction facilitating, streaming in leasing supply and rental related living services.

To the best of the Directors' knowledge and belief having made all reasonable enquiries, Tencent Cloud 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 of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules")).

The Board considers that the Project 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 PROJECT AGREEMENT

According to the Report at 19th National Congress of the Communist Party of China, it was stressed that the Chinese government will attached great importance to accelerating the development of the residential lease market. The adoption of the supervisory platform is a positive response to the government's call. Under the guidance of national policies, the combination of "Internet + Leasing" will be the general trend. The lease platform with its unique functions provided by the Group is expected to generate value in many aspects of the lease platform such as payment, operation and supervision and is expected to bring considerable and quantifiable income. The Group has accumulated abundant resources and experience through the past cooperation. Our "Internet + Leasing" solutions has successfully assisted Guangzhou City Construction Investments Group ("GZCI") Smart City Technology Development Company Limited (廣州城投智慧城市科技發展有 限公司) in development cooperation for the provision of technical service to GZCI Residential Lease

Platform (廣州城投住房租賃平臺). While the cooperation with the Shenzhen branch of China UnionPay (中國銀聯股份有限公司深圳分公司) on the payment transaction services in the residential lease market were the recognition from the players in other industries. According to China Youth Network, as a young immigrant city, Shenzhen has a population of 7.1 million with a residential lease market reaching more than 100 billion RMB. According to Xinhua Net's estimates, the current national residential lease market capacity is already trillions of dollars and is expected to reach 4.5 to 5 trillion in 10 years. Based on the large group of tenants, the residential lease platform is expected to exploit the unprecedented commercial value of residential lease and related services.

The Project Agreement with Tencent Cloud is another successful cooperation, which has strengthened the determination of both parties to develop synergistically in the broad residential lease market. With the gradual implementation of the strategic cooperation between the Group and Tencent Cloud, the Board expects that both parties shall gradually cooperate in more dimensions and in a wider range of fields with their respective advantages.

The Board believes that the Group will be the first to seize business opportunities towards such broad market prospects due to the Group's experience in "Internet +" in conjunction with Tencent Group's products and technologies, together with the previous business foundation in residential lease. Under the continuous reform of the residential lease market, the Group is expected to rapidly replicate its advanced solutions to the whole country and to create value.

ABOUT THE GROUP

With the advantage of an excellent R&D team and abundant industry experience, the Group has been applying the relevant "Internet Plus" solutions into multiple market segments, including public security, government affairs, leasing, health, education, tourism and lottery. The Group also has the advantage of covering the lottery business, providing comprehensive 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. The Group has signed business cooperation agreement with Shenzhen branch of China UnionPay (中國銀聯股份有限公司深圳分公司) on nationwide authorization on the "Mobile QuickPass" (雲閃付) platform.

ABOUT TENCENT CLOUD

Tencent Cloud is a controlled structured entity of Tencent Holdings Limited ("Tencent") (Stock Code: 700.HK), a listed company in the Stock Exchange of Hong Kong Limited. Tencent Cloud is a secure, reliable and high-performance public cloud service provider that integrates Tencent's infrastructure building capabilities with the advantages of its massive-user platform and ecosystem. Tencent Cloud provides a considerable number of cloud services, such as cloud computing, data processing and cloud operation services to empower the users' business.

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, 14 September 2018

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. 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.