China Yida Holds Cornerstone Laying Ceremony for its Ming Dynasty Project

FUZHOU, China, Nov. 29, 2011 /PRNewswire-Asia-FirstCall/ -- China Yida Holding Company (Nasdaq: CNYD) ("China Yida" or the "Company"), a leading tourism and media enterprise in China, today announced that it held a cornerstone laying ceremony for its Ming Dynasty Entertainment World ("Ming Dynasty") tourism project in Bengbu City, Anhui Province on November 24, 2011. At the ceremony, Mr. Fa-ke Ni, Vice Governor of Anhui Province announced the official commencement of the project's construction. Valued guests included senior government officials from Anhui's Provincial Commission of Development and Reform, Department of Housing and Urban-Rural Development, Department of Forestry, Department of Tourism, Department of Land and Resources, and Bengbu Municipal Government.

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"Tourism is one of China's strategic cornerstone industries as it has tremendous economic, social and educational benefits. China Yida is embracing the opportunity to convey a vital period of China's history through a variety of tourist experiences through this unique and important project. We expect Ming Dynasty World to be successful by virtue of its adherence to historical fact, excellent location, careful planning, experienced developers and local government support," said Mr. Min-hua Chen, China Yida's Chief Executive Officer.  

In his speech, Mr. Qi-tao Chen, Secretary of Bengbu Municipal Party Committee, commented as follows. "We appreciate China Yida's long-term investment commitment in Bengbu and its expertise and experience in tourism planning and operation. As we worked together in planning over the past year, we were impressed by the professionalism, commitment and passion of the China Yida team. The Bengbu Municipal Government will give its full support to the construction of this project and wishes the project great success as an exceptional tourist site characterized by fine historical representation, Chinese culture, humanistic spirit, and visitor recreation."

Bengbu is a vibrant and modern city and is also well-known in Chinese history as the birthplace of the first emperor of the Ming Dynasty, Majesty Yuanzhang Zhu. Bengbu is currently one of the most important transportation hubs in China. It is an essential intermediary along the Beijing-Shanghai express railway and thus highly accessible to a population of over 200 million people within a two-hour travel circle. China Yida management highly values Bengbu's potential in terms of its location, its modern accessibility and its history that serves to inspire the development of the Ming Dynasty tourist project.

Ming Dynasty Entertainment World, including Royal Hot Spring World, Royal Tour Town, Filial Piety Temple and Royal Hunting Garden, will reproduce the royal life of the Ming Dynasty at its height of power and splendor. Management's vision is for visitors to experience the history of the period as well as the day-to-day activities of the ancient royal families. The Filial Piety Temple will commemorate His Majesty Yuanzhang Zhu, who embraced the Confucian ideal of respect for one's parents and ancestors throughout his life, and introduced several related laws and policies. This building, which will be modeled along the lines of the magnificent Temple of Heaven in Beijing, is expected to serve as an important educational base, enriching tourist experience and means to impart meaningful information about this vital era of Chinese history.

About China Yida

China Yida is a leading tourism and media enterprise focused on China's fast-growing leisure industry and headquartered in Fuzhou City, Fujian province of China. 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 tourist destination (Global Geopark, including Golden Lake, Shangqing River, Zhuangyuan Rock, Luohan Mountain and Taining Old Town), Hua'An Tulou tourist destination (World Culture Heritage, including Dadi Tulou cluster and the Shangping Tulou cluster) and China Yunding Park (National Park, including Flower Terrace, Heavenly Lake, Colorful Waterfall, Red River Valley and Jade Valley).

China Yida is also developing three additional tourism projects including Ming Dynasty Entertainment World, China Yang-sheng (Nourishing Life) Tourism Project and the City of Caves. The Company's operating scenic sites total in aggregate over 300 square kilometers in area.

The Company's media business provides operations management services including content and advertisement management for 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, currently the only on-board media program from a third party authorized by China's Ministry of Railways. For further information, please contact the Company directly or visit its website at http://www.yidacn.net.

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 www.sec.gov.

SOURCE China Yida Holding Company