China Yida Engages New Independent Auditor

FUZHOU, China, May 25 /PRNewswire-Asia-FirstCall/ -- China Yida Holding Company (Nasdaq: CNYD) ("China Yida" or the "Company"), a leading diversified entertainment enterprise in China, today announced that the Company has appointed BDO China Li Xin Da Hua CPA Co., Ltd., a BDO Member Firm ("BDO China") as its new independent auditor, effective May 20, 2010, replacing Kabani & Co., to begin providing services for the second quarter of 2010.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091012/CNM039LOGO )

The decision to change accountants was approved by China Yida's audit committee.

China Yida and Kabani & Co. had no disagreements from the time of the initial engagement to its dismissal, on any matters of accounting principle or practice, financial statement disclosure, or auditing scope or procedure for the audited financials for the fiscal year ended December 31, 2009 and 2008, and subsequent interim period ended March 31, 2010.

"We look forward to developing a strong relationship with BDO China to provide investors with timely and accurate financial reports," commented Dr. Minhua Chen, Chief Executive Officer of China Yida. "Our plans to leverage our portfolio of premium assets to continue to rapidly grow our business require the support of an external audit firm like BDO China."

About China Yida

China Yida is a leading diversified entertainment enterprise focused on China's fast-growing tourism and media industries and headquartered in Fuzhou City, Fujian province of China. The Company's media business provides operations management services; including channel, column and advertisement management for television station, presently the Fujian Education Television Station ("FETV," a top-rated provincial education television channel), and "Journey through China on the Train" (an advertisement-embedded travel program). Additionally, the Company provides tourism management services, and specializes in the development, management and operation of natural, cultural and historic scenic sites. China Yida currently operates the Great Golden Lake (Global Geopark), Hua'An Tulou Cluster (World Culture Heritage), China Yunding (National Park), the Ming Dynasty Entertainment World and China Yang-sheng (Nourishing Life) tourist destination. For further information, please contact the Company directly, or visit its Web site at http://www.yidacn.net .

Forward-Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of China Yida Holding Co., Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov .

    For more information, please contact:

    China Yida Holdings
     George Wung, CFO
     Phone: +1-909-843-6358
     Email: [email protected]

    CCG Investor Relations
     Crocker Coulson, President
     Phone: +1-646-213-1915

     Ed Job, CFA
     Phone: +1-646-213-1914
     Email: [email protected]

SOURCE China Yida Holding Company