Hanfeng Evergreen Inc. (TSX:HF) filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on December 15, 2011. Under the bid, the company will repurchase up to 3,596,188 common shares, being approximately 10% of the public float and 5.93% of the common shares issued and outstanding as at November 30, 2011. Daily purchases will be limited to 23,464 common shares, other than block purchase exceptions. The repurchased common shares will be cancelled. The repurchases will commence on December 16, 2011, and will conclude on the earlier of the date on which purchases under the bid have been completed or December 14, 2012. As of November 30, 2011, Hanfeng had 60,653,516 common shares issued and outstanding.

On December 23, 2011, the Board announced that it has entered into an automatic share repurchase plan effective December 16, 2011, with its designated broker. The plan will allow the broker to continue to make repurchases under the bid when the company would ordinarily not be permitted to repurchase the shares in the market due to its own internal trading blackout periods, insider trading rules or otherwise. The plan has been approved by the TSX and is effective beginning January 1, 2012 through to December 14, 2012.

Hanfeng Evergreen Inc.'s normal course issuer bid expired on December 14, 2012. Under the plan, the company has repurchased 459,800 shares, representing 0.76% for CAD 1.05 million.