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china vanguard group ltd (8156) Details

China Vanguard Group Limited, an investment holding company, provides lottery-related services in Hong Kong and the People’s Republic of China. The company offers a range of in-house developed software and hardware solutions to lottery authorities; and sells lottery authorities’ products through its network of outlets, as well as supplies video on demand system to karaoke market. It is also involved in the operation of wineries; distribution of natural supplementary products; sale of animal feeds; and provision of land and property development, trading, and consulting services, as well as food and catering services. The company was formerly known as B & B Group Holdings Limited and changed its name to China Vanguard Group Limited in July 2006. China Vanguard Group Limited was founded in 1999 and is headquartered in Pak Shek Kok, Hong Kong.

282 Employees
Last Reported Date: 09/30/15
Founded in 1999

china vanguard group ltd (8156) Top Compensated Officers

Deputy Chairman, Chief Executive Officer, Com...
Total Annual Compensation: $636.0K
Co-Founder, Executive Chairman and Chairman o...
Total Annual Compensation: $780.0K
General Counsel
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2015.

china vanguard group ltd (8156) Key Developments

China Vanguard Group Limited Announces Resignation of CHOW Chun Hong as Group Regional Chief Financial Officer, Company Secretary and Authorised Representative

The board of directors of China Vanguard Group Limited announced that Mr. CHOW Chun Hong has resigned as the group regional chief financial officer and the company secretary due to his personal commitments with effect from 8 August 2016. Mr. Chow shall also cease to act as an authorized representative of the company for the purposes of Rule 5.24 of the Rules Governing the Listing Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited and the Companies Ordinance of Hong Kong with effect from the same date. Mr. CHOW confirms that he has no disagreement with the Board and there is no any matter that needs to be brought to the attention of the shareholders of the company and the Stock Exchange in respect of his resignation.

China Vanguard Group Limited Enters into Pilot Framework Agreement with Gansu Sports Lottery Administration Centre for the Provision of the Newly Launched Innovative Marketing Technology Services

The board of directors of China Vanguard Group Limited announced that on May 19, 2016, the company, through a non-wholly owned subsidiary, has entered into a Pilot framework agreement with Gansu Sports Lottery Administration Centre for the provision of the newly launched innovative marketing technology services. Pursuant to the agreement, the Group shall provide the out-of-home advertising and information services on LED display panels and an electronic coupon distribution system and physical lottery ticket redemption services, Yao Cai, throughout lottery stores in Gansu province under the jurisdiction of Gansu Sports Lottery Administration Centre. The agreement is the second contract which the Group has entered into for the provision of the interactive in-store marketing technology solution and Yao Cai services in the PRC.

China Vanguard Group Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016

China Vanguard Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company has posted revenue of HKD 4,337,000 against HKD 55,129,000 a year ago. Operating loss was HKD 24,497,000 against profit of HKD 30,944,000 a year ago. Loss before taxation was HKD 27,322,000 against profit of HKD 28,066,000 a year ago. Loss attributable to equity holders of the company was HKD 26,979,000 against profit of HKD 16,149,000 a year ago. For the nine months, the company has posted revenue of HKD 25,499,000 against HKD 122,371,000 a year ago. Operating loss was HKD 48,762,000 against profit of HKD 55,132,000 a year ago. Loss before taxation was HKD 58,096,000 against profit of HKD 47,538,000 a year ago. Loss attributable to equity holders of the company was HKD 50,775,000 against profit of HKD 31,210,000 a year ago. The decrease in revenue was due to the significant decline in revenue from self-service lottery business and no contribution from property related business during the period.


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