Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue Or Trading Nature - Proposed Renewal of share Buy-back Authority of Up To Ten Percent (10%) of Its Own Shares In the Issued And Paid-up Share Capital Of The Company Back

The Board of Directors of Hua-An wishes to announce that the Company will be seeking approval from its shareholders for the following proposals at the forthcoming Fifth Annual General Meeting:-

(a) Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and
(b) Proposed Renewal of Share Buy-Back Authority of Up to 10% of its Own Shares in the Issued and Paid-Up Share Capital of the Company.

A Circular setting out the details of the above proposals will be despatched to the shareholders of the Company in due course.

This announcement is dated 30 March 2011.