China Modern Dairy Holdings Ltd. announced that Ms. GAO Lina will resign as an executive Director as she has reached the age for retirement. She will cease to be the chief executive officer, the vice chairman and the Authorized Representative of the company and the chairman of the strategy and development committee of the Board. Mr. WOLHARDT Julian Juul will resign as an independent non-executive Director in order to focus on his other business engagements. He will cease to be a member of the audit committee, the nomination committee and the remuneration committee of the Board. With effect from July 1, 2021, Mr. ZHU Xiaohui will be appointed as a non-executive Director; and Mr. CHOW Ming Sang will be appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. ZHAO Jiejun, a non-executive Director, will be appointed as the vice chairman of the company. Mr. CHOW Ming Sang will be appointed as a member of the Audit Committee, Nomination Committee and Remuneration Committee. Mr. SUN Yugang, an executive Director, will be appointed as a member of the Strategy and Development Committee. Mr. ZHU Xiaohui, aged 50, is currently the vice president and the secretary of the board of directors of Inner Mongolia Fuyuan International Industrial (Group) Co. Ltd. Mr. ZHU joined Fuyuan in August 2014 and has served as the vice president from August 2014 to December 2018, the senior vice president from December 2018 to June 2019 and the vice president and the secretary of the board of directors since March 2020. Prior to joining Fuyuan, Mr. ZHU had spent approximately 18 years with COFCO Group and approximately 4 years with Dalian Wanda Group Inc. Ltd. Mr. ZHU has over 29 years of experience in corporate management, in particular the management of large-scale enterprises, and has extensive experience in the dairy farming industry. Mr. CHOW is a fellow member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants and a Certified Internal Auditors. Mr. CHOW has over 26 years working experience in various industries in auditing, corporate governance and risk management advisory where he was the advisory partner of Ernst & Young (China) Advisory Limited since 2007 and was responsible for managing the Risk Advisory sub-service line's strategic growth and development in various regions of Mainland China since 2011. Mr. CHOW is currently the managing director of Beijing Xinshi Anye Management Consulting Co. Ltd. and an independent non-executive director of China Rundong Auto Group Limited.