The shareholders of GA Holdings Ltd. (SEHK:8126) authorized a share repurchase program at its Annual General Meeting on May 9, 2013. Under the program, GA Holdings will repurchase up to 47,630,000 shares, representing 10% of its issued capital. The company will make repurchases on the GEM or any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, and subject to and in accordance with all applicable laws, rules and regulations.

The repurchases will be made out of funds which are legally available for the purpose in accordance with its memorandum of association and articles of association and the laws of the Cayman Islands. The purpose of the repurchase program is to enhance the net asset value and/or the earnings per share of the company. The share repurchase program will expire on the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the directors of the company by this resolution, whichever is earlier.

As of May 9, 2013, GA Holdings Ltd. has 476,300,000 shares outstanding.