Feihe International Pays Down Redemption Shares (ADY)

Feihe International, Inc.

, one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced that the Company paid $16.1 million to Sequoia Capital China Growth Fund I, L.P. and certain of its affiliates in redemption of 656,250 shares, pursuant to its redemption agreement with Sequoia.  The redemption was required by April 30, 2011, and three additional redemptions are scheduled to occur in the next 12 months.