Feihe Intl (NYSE:ADY)

BEIJING and LOS ANGELES, December 24, 2011 /PRNewswire Asia-FirstCall/ -- Feihe International, Inc. (NYSE: ADY; "Feihe International" or the "Company"), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced that it has engaged Crowe Horwath (HK) CPA Ltd. ("CHHK") as the Company's independent registered public accounting firm, effective immediately.

Mr. Liu Hua, the Company's Vice Chairman and Chief Financial Officer, stated, "After careful consideration by our Audit Committee, we decided to dismiss Deloitte Touche Tohmatsu CPA Ltd. ("DTTC") and chose CHHK as our independent auditor. CHHK will perform our annual audit for our fiscal year 2011. There was no disagreement between the Company and DTTC regarding any accounting principles or practices, financial statement disclosures, or auditing scope or procedure during its service period. CHHK is a member firm of Crowe Horwath International and we believe its experienced team will provide us critical support, expertise and cost-efficiency and thus to generate value for our shareholders." Mr. Liu also noted, "We appreciate DTTC's hard work and contribution."