The shareholders of Springland International Holdings Limited (SEHK:1700) authorized a share repurchase program at its Annual General Meeting on on May 2, 2013. Under the program, the company will repurchase up to 250,000,000 shares, representing 10% of its issued share 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 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.

Any repurchase will be made out of funds which are legally available for the purpose in accordance with the Memorandum and Articles of Association of the Company and the applicable laws of the Hong Kong. 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.

This program will be valid until the earliest of 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 its bye-laws to be held or the passing of an ordinary resolution by its shareholders in general meeting revoking or varying the authority given to its directors by this resolution As of May 2, 2013, the company has 2,500,000,000 shares in issue.