Sinopharm Tech Holdings Limited — Capital/Financing Update 2011

Feb 22, 2011

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.

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PRICE SENSITIVE INFORMATION AND

RELEASE OF SHARES CHARGED BY THE CONTROLLING SHAREHOLDER

This announcement is made pursuant to Rule 17.10 and 17.19 of the GEM Listing Rules. Capitalised terms used in this announcement have the meaning given to them in the announcement of the Company dated 30 December 2010 unless otherwise defined in this announcement.

1. REDEMPTION OF THE NEW EVO NOTE IN FULL

The Company announces that the New Evo Note, the associated accrued but unpaid interest and Step-Up Fees, have been retired and paid in full on the date of this announcement.

The Company announces that after trading hours on the date of this announcement, the Company, Grand Promise, Precise Result and Evofund have entered into the termination agreement to (1) terminate the New Evo Deed and release the Aptus Shares as security; and (2) whereby Evofund ceases to have any rights and benefits under the Birdview Charge.

2. RELEASE OF SHARES CHARGED BY BEST FRONTIER

Upon repayment of the New Evo Note in full, Evofund executed the deed of release on the date of this announcement in favour of Best Frontier, terminating and releasing the CVG Share Pledge.

By Order of the Board China Vanguard Group Limited 眾彩科技股份有限公司 * CHAN Siu Sarah Director

Hong Kong, 22 February 2011

As at the date of this announcement, the board of directors of the Company comprises five executive directors, being Madam Cheung Kwai Lan, Mr. Chan Tung Mei, Mr. Chan Ting, Ms. Chan Siu Sarah and Mr. Lau Hin Kun; and three independent non-executive directors, being Mr. Tian He Nian, Mr. Zhang Xiu Fu and Mr. To Yan Ming Edmond.

This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors of the Company, 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

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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 posting and on the website of the Company at www.cvg.com.hk.

• For identification purposes only

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