The Board of Directors of China Shengmu Organic Milk Limited announced that with effect from 16 January 2019, Mr. Shao Genhuo has resigned as the acting chief executive officer of the company following the appointment of Mr. Zhang Jiawang as the chief executive officer of the company and Mr. Wang Yuehua has resigned as the acting chief financial officer of the company due to his other business commitments. Mr. Shao will continue to act as a non-executive director and the chairman of the company. The Board of directors further announced that with effect from 16 January 2019, Mr. Zhang has been appointed as the chief executive officer of the company.

Mr. Zhang Jiawang is currently a vice president and manager of strategy and development of Beijing Dabeinong Technology Group Co. Ltd.