Panda Dairy Corporation announced implementation of final cash dividend of CNY 2.00000000 per 10 A shares for 2021. Record date is 19 May 2022. Ex-date is 20 May 2022.

Payment date is 20 May 2022. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Net cash dividend/10 shares after tax: CNY 1.80000000(CNY 2.00000000- CNY 0.20000000).