The shareholders of Asia Cassava Resources Holdings Limited (SEHK:841) authorized a share repurchase program at its Annual General Meeting on August 23, 2011. Under the program, Asia Cassava Resources Holdings will repurchase up to 40,000,000 shares, representing 10% of its issued capital. The repurchases will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The repurchases will be in accordance with laws and requirements and regulations of the Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission and the Stock Exchange of Hong Kong Limited for this purpose, subject to and in accordance with all applicable laws and requirements of the Securities and Futures Commission, the Stock Exchange of Hong Kong Limited or any other stock exchange as amended from time to time. The share repurchase program will expire at the earliest of the conclusion of the next Annual General Meeting or the expiration of the period within which the next Annual General Meeting is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders in general meeting revoking or varying the authority given to the directors by this resolution. As of August 23, 2011, Asia Cassava Resources Holdings has 400,000,000 shares outstanding. Till July 24, 2012, Asia Cassava Resources Holdings has made no repurchases.

Asia Cassava Resources Holdings Limited's share repurchase program expired on August 28, 2012.