China Modern Dairy : CHANGE OF COMPANY SECRETARY, AUTHORIZED REPRESENTATIVE AND PROCESS AGENT

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China Modern Dairy Holdings Ltd.

中 國 現 代 牧 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1117) CHANGE OF COMPANY SECRETARY, AUTHORIZED REPRESENTATIVE AND PROCESS AGENT

The board of directors (the "Board") of China Modern Dairy Holdings Ltd. (the "Company") announces that Mr. Ng Kwok Choi ("Mr. Ng") has resigned as the company secretary, an authorized representative of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the process agent of the Company for accepting services of process or notice on behalf of the Company in Hong Kong as required under Part

16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from 1 December 2016.

Mr. Ng has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board is pleased to announce that Mr. Li Kwok Fat ("Mr. Li") has been appointed as the company secretary and an authorized representative of the Company under the Listing Rules and the Process Agent with effect from 1 December 2016. Mr. Li is a member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants and obtained his Bachelor of Arts in Accountancy from The City University of Hong Kong and his Master of Finance from The Hong Kong Polytechnic University. Mr. Li has over 15 years of experience in corporate finance, accounting, auditing and listed company secretarial matters.

The Board wishes to express its gratitude to Mr. Ng for his contributions to the Company during his tenure of service and also extend a warm welcome to Mr. Li on his new appointment.

Hong Kong, 30 November 2016

By order of the Board

China Modern Dairy Holdings Ltd. Ms. GAO Lina

Deputy Chairman, Chief Executive Officer and Executive Director

As of the date of this announcement, the executive directors of the Company are Ms. GAO Lina and Mr. HAN Chunlin, the non-executive directors of the Company are Mr. YU Xubo, Mr. WOLHARDT Julian Juul, Mr. HUI Chi Kin Max, Mr. ZHANG Ping and Mr. SUN Yugang, the independent non-executive directors of the Company are Mr. LI Shengli, Mr. LEE Kong Wai Conway, Mr. KANG Yan and Mr. ZOU Fei.