Yida China : INSIDE INFORMATION DELAYED PAYMENT OF OUTSTANDING PRINCIPAL AMOUNT ON SENIOR NOTES DUE 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company and its management, as well as financial statements. No public offer of the securities referred herein is to be made by the Company in the United States.

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)

INSIDE INFORMATION

DELAYED PAYMENT OF OUTSTANDING PRINCIPAL AMOUNT ON

SENIOR NOTES DUE 2022

This announcement is made by Yida China Holdings Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Rules 13.09(2) and 13.19 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 27 March 2020 and 8 March 2021 in relation to the issue of the senior notes due 2022 in the principal amount of US$224,899,000 (the "2022 Notes"). The 2022 Notes were issued by the Company on 27 March 2020 and listed on the Singapore Exchange Securities Trading Limited.

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DELAYED PAYMENT

Pursuant to the indenture (the "Indenture") governing the 2022 Notes, a principal amount of US$22,500,000 (the "Relevant Principal Amount") of the 2022 Notes, together with accrued interest, was due, though not paid, on 16 April 2021, which constituted an event of default under the Indenture. The payment of the Relevant Principal Amount (together with accrued interest and default interest) was made on 4 May 2021 and pursuant to which the Company has satisfied its payment obligation under the Indenture.

OTHER YIDA LOANS

References are made to the announcements of the Company dated 10 April 2019, 22 April 2019, 10 June 2019, 23 February 2020 and 23 April 2020, the interim report of the Company for the six months ended 30 June 2019, the annual report of the Company for the year ended 31 December 2019, the interim report of the Company for the six months ended 30 June 2020 and the annual results announcement and the annual report of the Company for the year ended 31 December 2020 (collectively, the "Previous Disclosure") in relation to the other Yida Loans. Unless other defined herein, defined terms used herein shall have the same meanings as ascribed in the Previous Disclosure.

As of the date of this announcement, the certain other Yida Loans are immediately repayable if requested by the lenders. The non-repayment of the Relevant Principal Amount did not lead to any additional borrowings becoming immediately repayable if requested by the lenders except for 2022 Notes. Thus, there is no material change to the position as a result of the non-payment of the Relevant Principal Amount under the 2022 Notes.

As at the date of this announcement, no relevant lender had demand for immediate repayment of the other Yida Loans. The operation of the Group, including its pre-sale and receivables collection, remains normal.

Save as disclosed above, the Board is not aware of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under the Inside Information Provisions (as defined in the Listing Rules) of Part XIVA of the SFO as at the date of this announcement. The Company will continue to closely monitor the development of this matter and will make further announcement(s) if the Company is aware of any further development in this regard.

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Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Yida China Holdings Limited

Jiang Xiuwen

Chairman and Chief Executive Officer

Hong Kong, 4 May 2021

As at the date of this announcement, the executive director of the Company is Mr. Jiang Xiuwen, the non-executive directors of the Company are Mr. Wang Gang, Mr. Zhang Xiufeng, Mr. Cheng Xuezhi and Mr. Ni Jie and the independent non-executive directors of the Company are Mr. Yip Wai, Ming, Mr. Guo Shaomu, Mr. Wang Yinping and Mr. Han Gensheng.

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