Youzan Technology Limited — Board/Management Information 2012

Jul 11, 2012

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 the contents of this announcement.

China Innovationpay Group Limited 中國創新支付集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 8083)

LIST OF DIRECTORS AND THEIR ROLE AND FUNCTION

The members of the board of directors (the “Board”) of China Innovationpay Group Limited are set out below:

EXECUTIVE DIRECTORS:

Mr. Guan Guisen (Chairman)

Dr. Lei Chunxiong

Mr. Cao Chunmeng (Chief Executive Officer)

INDEPENDENT NON-EXECUTIVE DIRECTORS:

Dr. Fong Chi Wah

Mr. Wang Zhongmin

Mr. Gu Jiawang

The Board has set up three committees and their memberships are set out below:

AUDIT COMMITTEE:

Dr. Fong Chi Wah (Chairman)

Mr. Wang Zhongmin

Mr. Gu Jiawang

REMUNERATION COMMITTEE:

Mr. Guan Guisen

Dr. Lei Chunxiong

Dr. Fong Chi Wah

Mr. Wang Zhongmin (Chairman)

Mr. Gu Jiawang

NOMINATION COMMITTEE:

Mr. Guan Guisen

Dr. Lei Chunxiong

Dr. Fong Chi Wah

Mr. Wang Zhongmin

Mr. Gu Jiawang (Chairman)

By Order of the Board China Innovationpay Group Limited Guan Guisen Chairman

Hong Kong, 11 July 2012

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Guan Guisen, Dr. Lei Chunxiong and Mr. Cao Chunmeng and three independent non-executive Directors, namely Dr. Fong Chi Wah, Mr. Wang Zhongmin and Mr. Gu Jiawang.

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 for at least 7 days from the date of its posting and on the Company’s website at www.innovationpay.com.hk.