Beijing, June 26 - China Discovery Acquisition Corp. today announced its shareholders approved 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 becoming an indirect wholly owned subsidiary of China Discovery.
The vote to approve the Transaction took place on June 25, 2009 at China Discovery's extraordinary general meeting of shareholders.
China Discovery today also announced the closing of the Transaction with HeNan Smart Food. In connection with the closing of the Transaction, China Discovery will change its name to "Si Mei Te Food Limited" upon the filing of its Amended Memorandum and Articles of Association, and will continue to trade on the OTCBB under the symbols CADQ, CADWE, CADUE until new symbols are issued.
In addition to approving the Transaction with HeNan Smart Food and the name change at the extraordinary general meeting, China Discovery's shareholders also approved certain amendments to China Discovery's Memorandum and Articles of Association and the election of seven (7) members to the company's Board of Directors.