The Board of China Modern Dairy Holdings Ltd. has recommended the payment of a final dividend of RMB 0.02 (2019: nil) per ordinary share for the year ended 31 December 2020. Upon shareholders' approval at the forthcoming annual general meeting of the Company (the "AGM"), the proposed final dividend will be paid on or about 24 June 2021 to shareholders whose names appear on the register of members of the Company on 10 June 2021.