China Vanguard Group Limited (formerly known as “B&B Group Holdings Limited”) (the “Company”) was established in 1999, and has listed in GEM since November 2002. The Company started out as a producer and distributor of bee-related products and other natural food products in Hong Kong and the PRC. Since its establishment, the Directors of the Company actively seek investment opportunities to enhance the Company’s performance and returns to its shareholders. The Company began to target for investment opportunities that can generate higher profit margins and higher exclusivities. By the end of the financial year of 2005, the Company began moving away from the natural product industry and eased itself into: the PRC lottery related-industry, the oil and gas related-industries (via Aptus Holdings Limited, an indirect non-wholly-owned subsidiary listed on GEM), and technology platform for intellectual property protection and value-added services in the entertainment sector.