Yashili International Holdings Limited announced that with effect from January 7, 2015, Mr. Zhang Lidian will cease to act as the CEO and will be re-designated as a non-executive director and vice-chairman of the Yashili Board and Mr. Jeffrey, Minfang Lu will be appointed as the CEO to take up the daily operation and management of the company. Mr. Lu, aged 46, is currently the non-executive chairman of Danone Early Life Nutrition Greater China, and has been with the Danone Group and Dumex Baby Food Co. Ltd. for over 10 years.

During his tenure at the Danone Group, Mr. Lu demonstrated strong strategic business and market planning capabilities. With strong leadership, management skills and in-depth knowledge of markets, Mr. Lu contributed significantly to the success of the Danone Group's baby nutrition business in the PRC.