China Vanguard Group Limited (“CVG” or the “Company,” together with its subsidiary collective as the “Group”) was founded in 1999, and was successfully listed on the GEM board of The Stock Exchange of Hong Kong Limited in November 2002. At present, as a leading lottery solutions provider to China’s sports and welfare lottery industry, the Group provides lottery equipment, software, related services and integrated marketing solutions via a comprehensive lottery distribution network for China’s Sports and Welfare Lottery authorities located throughout 21 provinces and regions across the PRC.