The board of directors of China Modern Dairy Holdings Ltd. announced that Mr. DONG Xianli, the current chief financial officer of the Company, will be redesignated as the vice president of the Group to head the function of internal control, risk management, legal compliance and investment of the Group with effect from 1 March 2019. The Board announced that Ms. ZHOU Xin has been appointed as the chief financial officer of the Company with effect from 1 March 2019. She will be responsible for the overall financial management, financing, corporate strategic development and investor relation of the Group.

Ms. Zhou, has over 20 years extensive experience in financial management, treasury, taxation and investor relation earned from sizeable companies including MNC company listed in Nasdaq.