The board of directors of China Modern Dairy Holdings Ltd. announced that Mr. Wu Jingshui has been appointed as a non-executive Director of the company with effect from June 26, 2014. Mr. Wu Jingshui served as executive director of China Mengniu Dairy Company Limited from March 2010 to March 2014. In connection with his appointment as Director, Mr. Wu will enter into a letter of appointment with the company for a term of three years commencing from June 26, 2014 and is subject to retirement by rotation and re-election at annual general meetings.

The Board further announced that Mr. Ding Sheng tendered to the Board his resignation as a non-executive director of the company with effect from June 26, 2014 in order to focus on his other business engagements. Mr. Ding's resignation was considered and approved at a meeting of the Board on June 26 and was effective from June 26, 2014.