The board of directors of China Modern Dairy Holdings Ltd. announced that Mr. Dong Xianli has been appointed as the Chief Financial Officer with effect from 1 December 2016. Prior to joining the Company, Mr. Dong was the Assistant Vice President of China Mengniu Dairy Company Limited. During his tenure of service with Mengniu and its subsidiaries for more than 12 years, Mr. Dong has developed strong expertise in financial management in milk industry and was primarily responsible for risk management, internal audit and project investment of Mengniu Group, including holding various senior managerial positions and directorships in certain subsidiaries of Mengniu.