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Yongye Biotechnology International Announces Second Quarter Results
Date:8/18/2008

Total Adjustments (15,346,837) (8,020,417)

Net Cash Used in Operating Activities (7,604,652) (4,661,989)

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of Property and

Equipment (639,519) (22,380)

Additions to Intangible Assets (122,899) --

Net Cash Used in Investing Activities (762,418) (22,380)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from Short-term Bank Loans -- 4,269,087

Proceeds from Share Capital 10,100,651 --

Proceeds from Shareholder Loans -- 1,413,004

Repayment of Long-term Loans -- (6,500)

Payment for Stock Issuance Costs (806,159) --

Net Cash From Financing Activities 9,294,492 5,675,591

EFFECT OF FOREIGN CURRENCY

TRANSLATION ON CASH 414,771 21,787

NET INCREASE IN CASH AND CASH

EQUIVALENTS 1,342,193 1,013,009

CASH AND CASH EQUIVALENTS -

BEGINNING 8,137 89,023

CASH AND CASH EQUIVALENTS - ENDING $1,350,330 $1,102,032

SUPPLEMENTAL CASH FLOW INFORMATION

Cash Paid for Income Taxes 417,744 --

Cash Paid for Interest Expense

Payment -- 50,920

For more information, please contact:

Yongye Biotechnology International, Inc.

Mr. Larry Gilmore, VP of Corporate Strategy

Tel: +86-10-8231-8626

Email: larry.gilmore@gmail.com

CCG Investor Relations, Inc.

Mr. Crocker Coulson, President

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SOURCE Yongye Biotechnology International, Inc.
Copyright©2008 PR Newswire.
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