Yida China : Announcements and Notices - (1) Resignation of Non-executive Director; (2) Appointment of Executive Director; and (3) Re-designation of Executive Director As Non-executive Director

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YIDA CHINA HOLDINGS LIMITED

億 達 中 國 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3639)

1. RESIGNATION OF NON-EXECUTIVE DIRECTOR;

2. APPOINTMENT OF EXECUTIVE DIRECTOR; AND

3. RE-DESIGNATION OF EXECUTIVE DIRECTOR AS NON-EXECUTIVE DIRECTOR

The Board would like to announce the following changes with effect from 18 September 2017:

1. Mr. Sun Yansheng has resigned as a non-executive Director;

2. Mr. Yu Shiping has been appointed as an executive Director; and

3. Mr. Gao Wei has been re-designated from an executive Director to a non-executive Director.

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of Yida China Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') announces that with effect from 18 September 2017, Mr. Sun Yansheng has resigned as a non-executive Director. The reason for his resignation was due to his own decision to devote more time to his personal endeavours.

Mr. Sun Yansheng has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the shareholders of the Company (the ''Shareholders'') and The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') in respect of his resignation as a non-executive Director.

The Board would like to take this opportunity to extend its gratitude to Mr. Sun for his valuable contribution to the Company during his tenure of service.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces that with effect from 18 September 2017, Mr. Yu Shiping has been appointed as an executive Director.

Mr. Yu Shiping (于世平), aged 47, is a director of Yida Development Company Limited (億達發展有 限公司), a wholly-owned subsidiary of the Company and the chairman of the board of Dalian Yida Property Company Limited (大連億達房地產股份有限公司), a wholly-owned subsidiary of the

Company, and is responsible for the industrial operation and product operation and management of the Group. Mr. Yu joined the Group in 2002. Prior to joining the Group, Mr. Yu was the head of construction department of The Fourth Engineering Company of Northeast Electricity Administration

Bureau (東北電業管理局第四工程公司). Mr. Yu received a bachelor's degree in water conservancy in

1993 from Inner Mongolia Institute of Agriculture (內蒙古農牧學院). In 2014, he was also awarded the title of "Model Worker" (勞動模範) of Dalian City for the year of 2012-2013.

Mr. Yu has entered into a service contract with the Company for a fixed term of three years starting from 18 September 2017, and he will be entitled to a director's fee of RMB700,000 per annum for his directorship in the Company, which was determined by the Board with reference to his duties and responsibilities as well as the prevailing market conditions. He will hold office until the next annual general meeting of the Company and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company.

As at the date of this announcement, (i) save as disclosed above, Mr. Yu does not, nor did he in the past three years, hold any directorships in any other public companies the securities of which are listed in Hong Kong or overseas; (ii) Mr. Yu does not have any relationships with any directors or senior management or substantial or controlling shareholders (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the ''Listing Rules'')) of the Company; (iii) Mr. Yu does not have any interests in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ''SFO''); and (iv) save as disclosed herein, the Board is not aware of any information relating to Mr. Yu that is required to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, or other matters that need to be brought to the attention of the Shareholders or the Stock Exchange.

RE-DESIGNATION OF EXECUTIVE DIRECTOR AS NON-EXECUTIVE DIRECTOR

The Board announces that with effect from 18 September 2017, Mr. Gao Wei has been re-designated from an executive Director to a non-executive Director.

Mr. Gao Wei (高煒), aged 54, has been an executive Director since 16 December 2013 until his re- designation as a non-executive Director with effect from 18 September 2017. Mr. Gao joined the Group

in 1998. From 1988 to 1993, Mr. Gao was a lecturer in industrial economics at Dalian Management College (大連管理幹部學院), now known as Dalian Vocational and Technical College (大連職業技術 學院). Mr. Gao received his bachelor's degree in applied mechanics in 1985 and a master's degree in industrial management engineering in 1988 from Beijing Institute of Technology (北京工業學院), now known as Beijing Institute of Technology (北京理工大學). Mr. Gao was awarded the ''Model Worker Honorary Certificate of Liaoning Province'' (遼寧省勞動模範榮譽證書) from the People's Government

of Liaoning Province in 2012.

Mr. Gao has entered into a new letter of appointment with the Company for a fixed term of three years starting from 18 September 2017, and he will be entitled to a director's fee of HK$60,000 per annum for his directorship in the Company, which was determined by the Board with reference to his duties and responsibilities as well as the prevailing market conditions. He will hold office until the next annual general meeting of the Company and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company.

As at the date of this announcement, (i) save as disclosed above, Mr. Gao does not, nor did he in the past three years, hold any directorships in any other public companies the securities of which are listed in Hong Kong or overseas; (ii) Mr. Gao does not have any relationships with any directors or senior management or substantial or controlling shareholders (as defined in the Listing Rules) of the Company; (iii) save for his deemed interest in 78,800,000 shares of the Company held via Keen Sky Grace Limited, a company indirectly owned as to 25% by Mr. Gao, by virtue of the SFO, Mr. Gao does not have any interests in any shares or underlying shares of the Company within the meaning of Part XV of the SFO; and (iv) save as disclosed herein, the Board is not aware of any information relating to Mr. Gao that is required to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, or other matters that need to be brought to the attention of the Shareholders or the Stock Exchange.

Following the above changes, the Board comprises (i) five executive Directors, namely Mr. Zhang Zhichao, Mr. Jiang Xiuwen, Mr. Chen Donghui, Ms. Ma Lan and Mr. Yu Shiping; (ii) three non- executive Directors, namely Mr. Zhao Xiaodong, Mr. Chen Chao and Mr. Gao Wei; and (iii) four independent non-executive Directors, namely Mr. Yip Wai Ming, Mr. Guo Shaomu, Mr. Wang Yinping and Mr. Han Gensheng.

By order of the Board

Yida China Holdings Limited Zhang Zhichao

Chairman

Hong Kong, 18 September 2017

As at the date of this announcement, the executive Directors are Mr. Zhang Zhichao, Mr. Jiang Xiuwen, Mr. Chen Donghui, Ms. Ma Lan and Mr. Yu Shiping, the non-executive Directors are Mr. Zhao Xiaodong, Mr. Chen Chao and Mr. Gao Wei and the independent non-executive Directors are Mr. Yip Wai Ming, Mr. Guo Shaomu, Mr. Wang Yinping and Mr. Han Gensheng.