The board of directors of China Youran Dairy Group Limited announced the following changes in the composition of the Board with effect from July 22, 2022: Mr. Zhang Xiaodong has resigned as an executive Director of the Company with effect from July 22, 2022 due to other work commitments and will no longer serve as the president of the Company. Mr. Zhang has confirmed that he has no disagreement with the Board and is not aware of any matters relating to his resignation as an executive Director 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 Mr. Yuan Jun has been appointed as an executive Director and the president of the Company with effect from July 22, 2022.

Mr. Yuan, aged 43, joined Inner Mongolia Yili Industrial Group Co. Ltd. in July 1998 and has over 24 years of experience in the dairy industry. He started his career in the liquid milk division of Yili, and then served as the production manager, assistant to the factory head, assistant to the general manager and general manager of various subsidiaries under the liquid milk division and the cold drink division of Yili from May 2000 to February 2011.

Mr. Yuan successively served as the production manager, assistant to the general manager and deputy general manager of the production management department under the cold drink division of Yili from February 2011 to July 2016. He successively served as the deputy general manager of the raw milk division, deputy general manager and senior deputy general manager of the liquid milk division of Yili (in charge of the overall raw milk business of Yili) from August 2016 to July 2022. Mr. Yuan has served as a non-executive director of Inner Mongolia Saikexing Reproductive Biotechnology (Group) Co.

Ltd. a subsidiary of the Company, since February 2020. As at the date of this announcement, Mr. Yuan was appointed as a director and the president of Inner Mongolia Youran Dairy Co. Ltd., a subsidiary of the Company.

Mr. Yuan graduated from Tianjin University of Science & Technology in 2005, majoring in food science and engineering. Mr. Yuan has entered into a service agreement with the Company for a term of three years commencing from July 22, 2022.