Youzan Technology Limited — Capital/Financing Update 2011

Sep 5, 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 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 DISPOSAL OF EQUITY INTEREST IN A SUBSIDIARY

Reference is made to the announcements of China Innovationpay Group Limited (the “ Company ”) dated 19 August 2011 and 22 August 2011 in relation to the disposal of equity interest in a subsidiary (the “ Announcements ”). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise stated.

As set out in the announcement of the Company dated 22 August 2011, the Disposal constituted a discloseable transaction of the Company under the GEM Listing Rules, and as such, no Shareholders’ approval in relation to the Disposal was required. In view of the aforesaid, the Vendor and the Purchaser agreed in writing that the Shareholders’ approval in relation to the Disposal would no longer constitute a condition precedent under the Agreement.

The Board is pleased to announce that the Disposal was duly completed on 5 September 2011 in accordance with the terms of the Agreement. Upon completion, WHS ceased to be a subsidiary of the Company.

By order of the Board China Innovationpay Group Limited Guan Gui Sen Chairman

Hong Kong, 5 September 2011

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Guan Gui Sen and Dr. Lei Chun Xiong; 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.

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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.

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