China VantagePoint Acquisition Company Announces Shareholder Approval of Amendment of its Articles of Association to Continue

   China VantagePoint Acquisition Company Announces Shareholder Approval of
   Amendment of its Articles of Association to Continue its Existence After
                              February 25, 2013

PR Newswire

MIAMI, Feb. 26, 2013

MIAMI, Feb.26, 2013 /PRNewswire/ --China VantagePoint Acquisition Company
(OTC Bulletin Board: CHVPF) (the "Company"), announced today that the
Company's shareholders voted at a special meeting of shareholders on February
25, 2013 to approve each of the following proposals:

  oAmending 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 removes the provision in Article
    163 requiring the dissolution of the Company and replaces the provision
    with one that permits 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);
    and
  oAmending 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" and, together with the Continued Existence Proposal,
    the "Proposals").

Approximately 90.5% of the Company's total outstanding ordinary shares were
voted in person or by proxy at the Special Meeting of Shareholders held
earlier today in New York City. The Continued Existence Proposal was approved
by approximately 85.3% of the outstanding ordinary shares of the Company and
the SPAC Provision Proposal was approved by approximately 84.5% of the
outstanding ordinary shares of the Company.

In connection with the approval of the Proposals, each shareholder shall be
entitled to receive (i) a pro-rata portion of the Company's trust account and
(ii) for every one hundred Subunits held by a shareholder, such shareholder
will retain one ordinary share (collectively, the "Distributions").
Increments of less than one hundred Subunits will only receive the applicable
pro-rata portion of the Trust Account.

The record date for the Distributions is February 27, 2013. Only holders of
record of the Company's ordinary shares at the close of business on February
27, 2013 are entitled to the Distributions.

In connection with the Distributions, the Company urges its shareholders to
review the discussion under the heading "Material U.S. Federal Income Tax
Consequences of the Continued Existence Proposal" in its definitive proxy
statement filed with the Securities and Exchange Commission on February 15,
2013.

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