Fantine Yongye Announces Key Resolutions from 115th Annual Shareholder Meeting

1. Date of Annual Shareholder Meeting: 115/06/12

2. Important Resolution One, Profit Distribution or Loss Allocation: Not applicable.

3. Important Resolution Two, Charter Amendment: None.

4. Important Resolution Three, Business Report and Financial Statements: Approved the adoption of the 114 fiscal year financial reports.

5. Important Resolution Four, Election of Directors and Supervisors: Passed the resolution for the full renewal of the Company's Directors (including four independent directors).

List of Elected Directors:

Directors: (1) Ms. Tang Mu-Lian (Representing entity: Yun Hua Co., Ltd.) (2) Mr. Tang Rong-Chun (Representing entity: De Cheng Co., Ltd.) (3) Ms. Tang Ru-Xuan (Representing entity: Volkswagen Co., Ltd.)

Independent Directors: (1) Li Da-Wei (2) Wan Tong-Xuan (3) Yang Chun-Jun (4) Ke Chang-Zhu

6. Important Resolution Five, Other Matters: Passed the resolution to lift the non-compete restrictions for the Company's newly appointed Directors (including independent directors) and their representatives.

7. Other Matters to be Disclosed: None.