Youzan Technology Limited — Capital/Financing Update 2011

Dec 28, 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 the 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.

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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)

COMPLETION ANNOUNCEMENT IN RELATION TO THE VERY SUBSTANTIAL DISPOSAL

Reference is made to the announcement of China Innovationpay Group Limited (the “ Company ”) dated 21 October 2011 and the circular of the Company dated 29 November 2011 (the “ Circular ”) in relation to the very substantial disposal of the Company. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless otherwise stated.

The Board is pleased to announce that all the conditions precedent under the Agreement have been fulfilled and the Completion took place on 28 December 2011. Upon Completion, SHL ceased to be a subsidiary of the Company.

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

Hong Kong, 28 December 2011

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Guan Guisen and Dr. Lei Chunxiong; one non-executive Director, namely Mr. Li Yuezhong 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 no 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.