China Modern Dairy Holdings Ltd. announced that a Sustainability Committee has been established by the Board with effect from August 24, 2022. The principal responsibilities of the Sustainability Committee include evaluating and making decisions on the Group's sustainability, environmental, social and governance ("ESG") development strategies, reviewing the Group's sustainability strategies, objectives and risk identification and monitoring the performance of implementing ESG strategies. Members of the Sustainability Committee comprise Mr. Sun Yugang and Mr. Zhu Xiaohui (executive directors), Mr. Zhang Ping (non-executive director) and Mr. Li Shengli and Mr. Lee Kong Wai, Conway (independent non-executive directors).

Mr. Zhang Ping was appointed as the chairman of the Sustainability Committee.