Ausnutria Dairy : NOTICE OF BOARD OF DIRECTORS MEETING

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AUSNUTRIA DAIRY CORPORATION LTD

澳優乳業股份有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1717)

NOTICE OF BOARD OF DIRECTORS' MEETING

The board of directors (the "Board") of Ausnutria Dairy Corporation Ltd (the "Company") hereby announces that a meeting of the Board will be held on Tuesday, 17 March 2020 at Unit 16, 36/F., China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong for the purposes of, among other things, (i) considering and approving the announcement of the annual results of the Company and its subsidiaries for the year ended 31 December 2019; and (ii) considering the recommendation on payment of a final dividend, if any.

By order of the Board

Ausnutria Dairy Corporation Ltd

Yan Weibin

Chairman

The People's Republic of China, 5 March 2020

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Yan Weibin (Chairman), Mr. Bartle van der Meer (Chief Executive Officer) and Ms. Ng Siu Hung; three non-executive directors, namely Mr. Shi Liang (Vice-Chairman), Mr. Qiao Baijun and Mr. Tsai Chang-Hai; and three independent non-executive directors, namely Mr. Lau Chun Fai Douglas, Mr. Jason Wan and Mr. Aidan Maurice Coleman.