The board of directors (the "Board") of China Modern Dairy Holdings Ltd. (the "Company") announced that Mr. WEN Yongping ("Mr. Wen"), has resigned as a non-executive director of the Company with effect from 15 January 2019. Mr. Wen has tendered his resignation as he has been designated with other arrangement for business development in China Mengniu Dairy Company Limited ("Mengniu"), and he confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. ZHAO Jiejun ("Mr. Zhao") has been appointed as a non-executive director of the Company with effect from 15 January 2019. Mr. ZHAO Jiejun is currently the assistant vice president and the general manager of milk sources business department of Mengniu. Mr. Zhao joined Mengniu in 2000 as a sales personnel and has since served successively as regional manager, sales director, general manager of operation and general manager of planning and logistics. Mr. Zhao has 18 years of experience in the dairy industry and specializes in both sales management and supply chain management. Mr. Zhao has in-depth knowledge of the dairy market of the People's Republic of China ("PRC") and great foresight in the PRC dairy industry. As a result of Mr. Wen's resignation as a non-executive director of the Company, he has also ceased to be a member of the strategy and development committee of the Company ("Strategy and Development Committee"). Mr. Zhao has been appointed as a member of the Strategy and Development Committee.