Yuhe International Audit Committee Retains Professional Counsel to Commence Internal Investigation; Company Appeals Delisting Notification

Yuhe International, Inc. YUII today announced that the Audit Committee of its Board of Directors (the "Audit Committee") retained Loeb & Loeb LLP as independent counsel to commence an independent investigation with respect to issues relating to the Company and the status of previously reported acquisition transactions. The scope of the investigation will be dictated by the legal counsel and the Audit Committee, who are dedicated to providing accurate and complete information to the investing public and the Company's shareholders so that certain concerns about the Company can be properly addressed, including the status of reported breeder farm acquisition transactions. The Audit Committee's independent counsel, Loeb & Loeb LLP, is in the process of engaging a forensic accounting firm in connection with this investigation. As previously filed on Form 8-K with the SEC, Yuhe received a letter dated June 28, 2011 (the "Letter") from The Nasdaq StockMarket ("NASDAQ") indicating that the Staff of The Nasdaq Stock Market, Inc. (the "Staff") believes that the continued listing of the Company's securities is no longer warranted, and has determined to delist the Company's securities based on public interest concerns. The Company has appealed the Staff's determination to the Nasdaq Listing Qualifications Panel, and provided to NASDAQ a formal plan of compliance setting forth the steps that the Company proposes to take to regain compliance for continued listing of the Company's common stock on the NASDAQ, as well as certain other information relevant to NASDAQ's evaluation of the plan of compliance.
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