Yida China : Announcements and Notices - Supplemental Announcement - Extension of Long Stop Date for the Subscription Agreement

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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)

SUPPLEMENTAL ANNOUNCEMENT

EXTENSION OF LONG STOP DATE FOR THE SUBSCRIPTION AGREEMENT

References are made to the announcement of the Company dated 29 December 2017 (the ''Announcement'') and the circular of the Company dated 31 August 2017 (the ''Circular'' ) in relation to the Subscription Agreement entered into between the Company and the Subscriber. Unless otherwise stated, capitalised terms in this announcement shall have the same meanings as those defined in the Circular.

The Company would like to provide additional information in respect of the extension of the Long Stop Date as disclosed in the Announcement. In relations to the settlement of the Subscription Price, the Subscriber has made an enquiry with the China (Shanghai) Pilot Free Trade Zone JinQiao Administration Bureau (中國（ 上海）自由貿易試驗區管理委員會) and was informed that approvals for investments in offshore real estate companies using onshore funds is currently suspended due to the joint release of the ''Further Guidance on Regulating Overseas Investment'' 《( 關於進一步引導和規範 境外投資方向的指導意見》) by the National Development and Reform Commission (中華人民共和國 國家發展和改革委員會), the Ministry of Commerce of the People's Republic of China (中華人民共和 國商務部), the People's Bank of China (中國人民銀行) and the Ministry of Foreign Affairs of the People's Republic of China (中華人民共和國外交部) on 18 August 2017 (the ''Guidance''), which has named real estate as one the restricted industries for overseas investments. The Subscriber will closely pay attention to the application of the Guidance and regularly contact the relevant government authority in relations to the obtaining of their approval for the Subscription.

Given that the Subscription has not been approved by the relevant government authorities, the conditions precedents under the Subscription Agreement have not been fulfilled. Pursuant to the Subscription Agreement, Completion will take place on the third Business Day following the day on which the last of Conditions has been fulfilled.

The Company intends to submit the extension of the Long Stop Date of the Subscription Agreement to 17 August 2018 as disclosed in the Announcement for independent shareholders' approval at the forthcoming annual general meeting of the Company. A circular containing, among other things, further details of the extension of the Long Stop Date is expected to be despatched by the Company to the Shareholders closer to the forthcoming annual general meeting of the Company.

Shareholders and potential investors should note that Completion is subject to the fulfillment or waiver of certain conditions precedent under the Subscription Agreement. As the Subscription may or may not proceed, Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Yida China Holdings Limited

Zhang Zhichao

Chairman

Hong Kong, 10 January 2018

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