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China VantagePoint Acquisition Company Announces Filing Of Preliminary Proxy Statement



 China VantagePoint Acquisition Company Announces Filing Of Preliminary Proxy
                                  Statement

PR Newswire

MIAMI, Feb. 6, 2013

MIAMI, Feb. 6, 2013 /PRNewswire/ -- China VantagePoint Acquisition Company
(OTC Bulletin Board: CHVPF) (the "Company") announced today that it had filed
a preliminary proxy statement with the SEC relating to a special meeting of
stockholders of the Company.  At the special meeting, stockholders will be
asked to consider and vote on proposals relating to:

  o Amending the Company's Articles of Association to permit the Company to
    continue its existence after February 25, 2013 (the "Continued Existence
    Proposal"). Specifically, this proposal would remove the provision in
    Article 163 requiring the dissolution of the Company and replace the
    provision with one that would permit the Company to not dissolve, while
    requiring it to distribute a pro-rata portion of the Trust Account to
    holders of the Company's Subunits issued in the Company's IPO in exchange
    for the redemption of 99 out of every 100 Subunits issued in the Company's
    IPO (since the warrants composing part of the Subunit will expire on
    February 25, 2013, thereafter a Subunit will be equivalent to one ordinary
    share);  
  o Amending the Company's Articles of Association to not require the Company
    to comply with Articles 157-163 of the Articles of Association (which
    govern the activities of the Company while it is a Special Purpose
    Acquisition Company) after the earlier to occur of a consummation of a
    business combination or the liquidation of the Trust Account (the "SPAC
    Provision Proposal");

Whether the proposals are approved or not, the amount of cash a stockholder
will receive from the Trust Account is identical.  If the Amendments are
approved, for every one hundred Subunits, a stockholder will retain one
ordinary share in addition to the pro-rata distribution the stockholder will
receive for the one hundred Subunits.

The record date for the special meeting is February 5, 2013. Only holders of
record of the Company's ordinary shares at the close of business on February
5, 2013 are entitled to notice of the special meeting and to have their vote
counted at the special meeting and any adjournments or postponements thereof.
On the record date, 2,762,366 ordinary shares were outstanding and entitled to
vote.  

Safe Harbor

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are subject to
known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Statements preceded or followed by or that
otherwise include the words "believes," "expects," "anticipates," "intends,"
"projects," "estimates," "plans," and similar expressions or future or
conditional verbs such as "will", "should", "would", "may" and "could" are
generally forward-looking in nature and not historical facts. Forward-looking
statements in this release also include statements about business and economic
trends. Investors should also consider the areas of risk described under the
heading "Forward Looking Statements" and those factors captioned as "Risk
Factors" in the Company's periodic reports under the Securities Exchange Act
of 1934, as amended, or in connection with any forward-looking statements that
may be made by the Company.

The Company also disclaims any duty to comment upon or correct information
that may be contained in reports published by the investment community.

For further information, please contact:

China VantagePoint Acquisition Company 
Wei Li / Yiting Liu / Ye Sophie Tao
Tel: +1 (305) 981-6888    

SOURCE China VantagePoint Acquisition Company
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