HYDOO Repurchases 2,470,000 Issued Shares Reflecting Its Great Confidence in Future Business Development

HONG KONG, May 12, 2014 /PRNewswire/ -- Hydoo International Holding Limited ("HYDOO" or the "Company"; stock code: 1396.HK), a leading developer and operator of large-scale trade centers in China, announced the Company repurchased 2,470,000 shares on 9 May 2014 with the aggregate up to HK$6,799,500, and the price was between HK$2.67 and HK$2.83 per share.

Mr. Wong Choihing, HYDOO's Chairman and Chief Executive Officer, said, "Our share repurchase this time reflected the company's great confidence in our value and future prospects. At the same time, we believe the share repurchase would further strengthen the shareholders' confidence. In light of the ongoing growth of our business and after taking our shareholders' interests into consideration, we will not rule out the possibility of making further repurchases when appropriate. In the future, we will further consolidate and improve the Group's leading position in the trading and logistic industry, and continuously enhance our returns on equity to reward our shareholders and society for their long-term support."

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