China Discovery Acquisition Corp. Announces New Date for Special Meeting of Shareholders...

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Wed Jun 24, 2009 5:53pm EDT

China Discovery Acquisition Corp. Announces New Date for Special Meeting of
Shareholders to Complete Its Transaction With HeNan Smart Food Company Limited

BEIJING, June 24 /PRNewswire-FirstCall/ -- China Discovery Acquisition Corp.
(OTC Bulletin Board: CADQ, CADWE, CADUE) ("China Discovery") today announced
that it is re-scheduling the previously announced special meeting of
shareholders which was to take place on Friday, June 19, 2009 and at which its
shareholders were to vote on, or submit a proxy to vote on, among other
matters, a proposal to approve the acquisition by China Discovery of all of
the outstanding securities of the parent company of HeNan Smart Food Company
Limited, resulting in HeNan Smart Food Company Limited ("HeNan Smart Food")
becoming an indirect wholly owned subsidiary of China Discovery.

On June 23, 2009, the parties to the HeNan Smart Food acquisition agreement
amended the such agreement by removing the $3,000,000 cash component of the
purchase price and increased the number of ordinary shares to be issued as
part of the purchase price from 14,700,000 shares to 15,200,000.  All other
terms of the agreement remain the same.

As of June 24, 2009, China Discovery has agreed to purchase 2,764,890 ordinary
shares after the closing of the proposed acquisition of the parent company of
HeNan Smart Food for an aggregate of $16,202,255.40. Such shares will be voted
in favor of the proposed transaction.  In addition, China Discovery has
entered into agreements pursuant to which certain third parties will become
obligated to purchase from third-party sellers and deliver to China Discovery
an aggregate of 1,645,452 ordinary shares for $9,918,677.75.  Such shares
would have been eligible for conversion pursuant to China Discovery's Articles
of Association had there not been an agreement to sell them to China
Discovery.  Most of these shares will be voted in favor of the proposed
transaction with HeNan Smart Food, insuring that the transaction will be
consummated.

The special meeting will be adjourned until Thursday, June 25, 2009 at 4:00
pmNew York City time at its original location. The record date for the special
meeting remains May 22, 2009. Shareholders who have previously sent in proxy
cards or given instructions to brokers do not need to re-cast their votes.

About China Discovery Acquisition Corp.
China Discovery Acquisition Corp., a Cayman Islands company, is a special
purpose acquisition company formed for the purpose of acquiring an operating
business having its primary business operations in the People's Republic of
China.  China Discovery consummated its initial public offering on June 26,
2007 and generated aggregate gross proceeds of $35,750,000 (which includes
$1,250,000 in proceeds from a private placement of units and warrants
consummated simultaneously with the initial public offering).

About HeNan Smart Food Company Limited
HeNan Smart Food Company Limited is a leading producer and distributor of
instant noodles in the People's Republic of China. HeNan Smart Food commenced
operations in 1991 and became a Sino-foreign joint venture in 1995. HeNan
Smart Food has since grown into one of the leading brands in the instant
noodle industry, especially in secondary cities, counties and rural areas in
China.

Forward Looking Statements
This press release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 about China Discovery
Acquisition Corp., HeNan Smart Food Company Limited and their combined
business after completion of the proposed transaction.  Forward-looking
statements are statements that are not historical facts.  Such forward-looking
statements, based upon the current beliefs and expectations of China
Discovery's and HeNan Smart Food's management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements.  The following factors, among others, could cause
actual results to meaningfully differ from those set forth in the
forward-looking statements:

    --  Continued compliance with government regulations;
    --  Changing legislation or regulatory environments;
    --  Requirements or changes affecting the businesses in which HeNan Smart
        Food is engaged;
    --  Industry trends, including factors affecting supply and demand;
    --  Labor and personnel relations;
    --  Credit risks affecting HeNan Smart Food's revenue and
        profitability;
    --  HeNan Smart Food's ability to effectively manage its growth,
        including implementing effective controls and procedures and
attracting
        and retaining key management and personnel;
    --  Changing interpretations of generally accepted accounting principles;
    --  General economic conditions; and


    --  Other relevant risks detailed in China Discovery's filings with the
        Securities and Exchange Commission.




The information set forth herein should be read in light of such risks. 
Neither China Discovery nor HeNan Smart Food assume any obligation to update
the information contained in this press release.

Additional Information and Where to Find It
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities of China Discovery, nor shall there be any
sale of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

In connection with the proposed transaction and required shareholder approval,
China Discovery submitted to the Securities and Exchange Commission its final
proxy statement under cover of a Form 6-K dated June 2, 2009, which final
proxy statement was mailed to its shareholders.  China Discovery shareholders
and other interested persons are urged to read the final proxy statement, and
other relevant materials since they will contain important information about
China Discovery, HeNan Smart Food and the proposed transaction with HeNan
Smart Food.  Such persons can also read China Discovery's final proxy
statement for a description of the security holdings of the China Discovery
officers and directors and their respective interests in the successful
consummation of the proposed transaction.  The final proxy statement was
mailed to shareholders as of May 22, 2009 on or about June 2, 2009.  China
Discovery shareholders may obtain a free copy of such filings at the
Securities and Exchange Commission's internet site (http://www.sec.gov). 
Copies of such filings can also be obtained, without charge, by directing a
request to China Discovery (Tower C, Van Tone Centre, Suite 1203; 6 Chaowai
Street, Chaoyang District; Beijing 100020; People's Republic of China).

Participants in Solicitation
China Discovery and its directors and executive officers and HeNan Food
Limited and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the holders of China
Discovery ordinary shares in respect of the proposed transaction.  Information
about the directors and executive officers is set forth in the final proxy
statement, which was filed with the Securities and Exchange Commission under
cover of a Form 6-K on June 2, 2009.



SOURCE  China Discovery Acquisition Corp.

Beatrice Hom, Chief Operating Officer of China Discovery Acquisition Corp.,
+1-650-521-6800, bhom@cdaccorp.com
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