Yongye International Provides Update to Shareholders on Trading

       Yongye International Provides Update to Shareholders on Trading

PR Newswire

BEIJING, March 20, 2013

BEIJING, March 20, 2013 /PRNewswire-FirstCall/ -- Yongye International, Inc.
(NASDAQ: YONG) ("Yongye" or the "Company"), a leading developer, manufacturer,
and distributor of crop nutrient products in the People's Republic of China
("PRC"), today affirmed that NASDAQ halted trading in the Company's common
stock at approximately 9:28 AM ET on Monday, March 18, 2013. On Friday, March
15, 2013, the Company filed a notification of late filing on Form 12b-25 with
the Securities and Exchange Commission arising from delays in compiling
certain information required relating to accounts receivable and related
allowance for doubtful accounts for the year ended December 31, 2012.

On Tuesday, March 19, 2013, Yongye received a written request fromNASDAQfor
additional information relating to the Company's delay in filing the Form
10-K, the collection of accounts receivable as of year-end 2012, the current
state of the Company's auditors' audit of the financial statements to be
included in the Company's Form 10-K for the year ended December 31, 2012, and
the status of the Company's proposed "going private" transaction. The Company
plans to provide the information requested by NASDAQ as promptly as
practicable in an effort to satisfy NASDAQ's concerns so that it may permit
the resumption of trading of the Company's common stock.

Trading will remain halted until Yongye International, Inc. has fully
satisfied NASDAQ's request for additional information. Once such information
and explanations are provided to NASDAQ, NASDAQ may request further
information.

As a reminder, the Company expects to file its Annual Report on Form 10-K by
April 2, 2013 and plans to schedule its fourth quarter and full-year 2012
earnings conference call to coincide with the filing of its 10-K. Details
regarding the earnings announcement and earnings conference call will be
provided at the appropriate time.

About Yongye International

Yongye International, Inc. is a leading crop nutrient company headquartered in
Beijing, with its production facilities located in Hohhot, Inner Mongolia,
China. Yongye's principal product is a liquid crop nutrient, from which the
Company derived substantially all of the sales in 2011. The Company also
produces powder animal nutrient product which is mainly used for dairy cows.
Both products are sold under the trade name "Shengmingsu," which means "life
essential" in Chinese. The Company's patented formula utilizes fulvic acid as
the primary compound base and is combined with various micro and macro
nutrients that are essential for the health of the crops. The Company sells
its products primarily to provincial level distributors, who sell to the
end-users either directly or indirectly through county-level and village-level
distributors. For more information, please visit the Company's website at
www.yongyeintl.com.

Safe Harbor Statement

This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of
historical fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involving
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on the SEC's website (http://www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these risk factors. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward-looking statements.

Contacts:

Yongye International

Ms. Kelly Wang
Finance Director – Capital Markets
Phone: +86-10-8231-9608; +86-10-8232-8866 x 8827
E-mail: ir@yongyeintl.com

FTI Consulting

Ms. Cara O'Brien
Phone: +852-3768-4537
E-mail: cara.obrien@fticonsulting.com

Mr. Brendan Ward
Phone: +1-212-850-5637
E-mail: brendan.ward@fticonsulting.com

SOURCE Yongye International, Inc.

Website: http://www.yongyeintl.com
 
Press spacebar to pause and continue. Press esc to stop.