China Vanguard Group Limited operates in the Prepackaged software sector. China Vanguard Group Limited is a Hong Kong-based investment holding company. The Company, through its subsidiaries, operates in three segments: provision of lottery-related services, which involves provision of lottery-related software, equipment and services to the Welfare Lottery Issuing Centres in China; provision of entertainment value added services (VAS), which includes royalty collection and equipment supply (amongst others), to the entertainment industry in China, and Others, which included distribution of natural supplementary products, catering services and sales of animal feeds.. On March 15, 2011, it acquired 30% interest in China Culture Development Co., Ltd. On April 15, 2011, it acquired remaining 49% interest in Cheerfull Group Holdings Limited. On July 14, 2011, the Company acquired 49% interest and 1% interest from the non-controlling interests of Cheerfull Group Holdings Limited and Shenzhen Longjiang Feng Cai IT Co., Limited. In
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