China Vanguard signs with Chongqing

    China Vanguard entered into the Agreement with Chongqing Welfare Lottery Administration Centre and Chongqing Public E-Card, the company announced in a filing. Hong Kong listed China Vanguard will be responsible for the establishment and maintenance of a lottery sales platform being authorized by Chongqing Welfare Lottery Administration Centre; the sale of various computer-generated ticket games through the lottery sales platform; and assisting Chongqing Welfare Lottery Administration Centre in the marketing and promotion of lottery sales. Chongqing Welfare Lottery Administration Centre will pay China Vanguard a certain percentage of total sales generated.

    China Vanguard, an authorized solutions and related services provider for both Sports and Welfare Lottery, considers the signing of the agreement marked an important step in strengthening the cooperative relations between the Group and Chongqing Welfare Lottery Administration Centre, it said in a filing. The company will establish an integrated system for a better management of lottery sales and operations and promote Chongqing welfare lottery sales volume and public social welfare awareness.