$蓝汛(CCIH)$ BEIJING, Aug. 24, 2015 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), 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 share buyback program, under which the Company is authorized to repurchase, through open market purchases or privately negotiated transactions, up to US$6 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 buyback program is in addition to the program previously approved and announced on December 18, 2014 (the "2014 Buyback Program"). The 2014 Buyback Program authorized the Company to repurchase ADSs of ChinaCache not to exceed US$10 million in the aggregate, of which authorization US$8.72 million remains available as of today for repurchase by the Company.

Both share buyback programs will be funded by the Company's available cash balance. As of June 30, 2015, the Company had cash and cash equivalents of approximately US$104.8 million.