ChinaCache Announces Share Buyback Program , $5M

ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company")

, the leading total solutions provider of Internet content and application delivery services in China, announced today that its Board of Directors (the "Board") has approved a new share buyback program, under which the Company is authorized to repurchase, through open market purchases or privately negotiated transactions, up to US$5 million worth of outstanding American Depositary Shares ("ADSs") of ChinaCache over the next 12 months, depending on market conditions, share price and other factors, and subject to relevant rules and regulations under the U.S. securities laws. This new buyback program is in addition to the program previously approved and announced on December 18, 2014, which authorized the Company to repurchase ADSs not to exceed US$10 million in the aggregate and the program previously approved and announced on August 24, 2015, which authorized the Company to repurchase ADSs not to exceed US$6 million in the aggregate. This buyback program will be funded by the Company's available cash balance. As of September 30, 2015, the Company had cash and cash equivalents of approximately US$97.3 million.