The board of directors of China Youran Dairy Group Limited announced that, with effect from March 28, 2025: Mr. Yuan Jun has resigned as an executive Director, chairman of the Board and president of the Company due to other work commitments; and Mr. Qiu Zhongwei has resigned as a non-executive Director and a member of the audit committee of the Company due to other work commitments. Each of Mr. Yuan and Mr. Qiu has confirmed that he has no disagreement with the Board and is not aware of any matters relating to their respective resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that, with effect from March 28, 2025: Mr. Hao Haijun has been appointed as an executive Director, Chairman and president of the Company; and Ms. Meng Yilan has been appointed as an executive Director of the Company.

Mr. Hao Haijun: Mr. Hao Haijun, aged 44, joined the Group in November 2024 and was appointed as the executive deputy general manager of Inner Mongolia Youran Dairy Co. Ltd. On March 28, 2025, he was appointed as an executive Director, the Chairman and the president of the Company. He is primarily responsible for the strategic planning, Board management and overall operational management of the Group.

Mr. Hao graduated from Inner Mongolia Building Material Industry School, now known as Inner Mongolia Vocational College of Chemical Engineering) in 1999, and graduated from China Central Radio and TV University in 2009, majoring in administrative management. Mr. Hao joined Inner Mongolia Yili Industrial Group Co. Ltd. in March 2000.

He served as the general manager of a number of subsidiaries of Yili Group, the deputy director of procurement of the supply and security department of Yili Group, and the head of the production management department, the head of the logistics management department and the head of production system of the liquid milk division of Yili Group. Mr. Hao has been deeply involved in the dairy industry for over 24 years, accumulating extensive expertise in key areas such as operation management, lean production, and supply chain management. Ms. Meng Yilan, aged 37, was appointed as an executive Director of the Company on March 28, 2025.

She is primarily responsible for the Group's digital transformation, digital technology and network information security management. Ms. Meng graduated from Inner Mongolia Normal University in July 2011 with a bachelor's degree in electronic information science and technology and obtained the qualification of certified information security professional (CISP) in July 2021 issued by China Information Technology Security Evaluation Center. Ms. Meng joined Yili Group in May 2011 and served as an IT (information technology) asset manager and a system management engineer.

Subsequently, Ms. Meng joined the Group in August 2016 and served as system engineer, information manager, IT manager and system application manager. In April 2022, she was promoted to the deputy director of information of the Group. Ms. Meng has over 13 years of rich experience in the information security and information technology industry.

The Board announced that with effect from March 28, 2025: The environmental, social and governance committee of the Company consists of 3 members, namely Mr. Yao Feng, Ms. Xie Xiaoyan and Mr. Shen Jianzhong. Mr. Yao Feng replaces Mr. Shen Jianzhong as the chairperson of the committee. The Nomination Committee consists of 3 members, namely Mr. Hao Haijun, Ms. Xie Xiaoyan and Mr. Yao Feng.

Mr. Hao Haijun replaces Mr. Yao Feng as the chairperson of the committee. Mr. Shen Jianzhong and Mr. Xu, Zhan Kevin resigned as members of the committee. The audit committee of the Company consists of 3 members, namely Ms. Xie Xiaoyan, Mr. Yao Feng and Mr. Shen Jianzhong.

Ms. Xie Xiaoyan serving as the chairperson. Mr. Qiu Zhongwei resigned as a member of the committee.