Shanghai International Shanghai Growth Investment Limited will seek approval from its shareholders for a share repurchase program at the Annual General Meeting to be held on May 13, 2014. Under the program, the company will repurchase up to 890,500 shares, representing 10% of its issued capital. The company will make repurchases on the Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the Company may be listed and recognised by the Stock Exchange and the Securities and Futures Commission for this purpose, subject to and in accordance with all applicable laws and the requirements of the Hong Kong Code on Share Repurchases and the Listing Rules be is hereby generally and unconditionally approved.

Repurchase will only be made out of funds which are legally available for such purpose in accordance with the memorandum of association of the Company, the Bye-laws and the laws of Bermuda. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. The directors believe that it is in the best interests of the company and its shareholders.

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 April 3, 2014, the company has 8,905,000 shares outstanding.