February 19, 2010 (FinancialWire) — Golden Dragon Holdings, Inc. (OTC: GDHI), a food and beverage distributor specializing in the distribution of US food & beverage brands to the Chinese market, under a board of directors decision to retire one billion shares of common stock in a six month period, the board has issued a resolution to its transfer agent to immediately retire 100 million shares of common stock.

With the latest retirement, the company will have retired 500 million shares of common stock to date.

The company said it is committed to retiring one billion shares of common stock by midyear 2010.

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