On 23 September 2022, Ausnutria Dairy Corporation Ltd. entered into the Processing Service Framework Agreement with Yili Industrial, pursuant to which the Group agreed to provide processing services in respect of the production of milk powder (other than infant formulas) and related products for Yili Industrial Group from time to time during the terms of the Processing Service Framework Agreement. Yili Industrial Group shall deliver to the Group necessary ingredients and formula for processing services. The Group shall provide processing services to Yili Industrial Group in respect of the production of milk powder (other than infant formulas) and related products for Yili Industrial Group.

The processing fee for the provision of processing services by the Group under the Processing Service Framework Agreement will be negotiated on an arm's length basis and determined in the ordinary course of business on normal commercial terms. The processing fee shall be determined on a cost plus basis with reference to general industry standard, raw material cost and processing cost. The processing fee may be adjusted based on amicable negotiations between the Group and Yili Industrial Group. Payment shall be made by Yili Industrial Group to the Group in accordance with the terms in each individual processing agreement and in any event within 60 natural days.