The board of directors of Yashili International Holdings Ltd. announced that Ms. Wen Jieping will cease to be the chief financial officer of the Company with effect from 1 January 2021 due to her personal career development plan. Upon her cessation as CFO, Ms. Wen will hold other important position in the Group. Ms. Wen has confirmed that she has no disagreement with the Board and there is no matter in relation to her cessation as CFO that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that Ms. Chen Limin has been appointed as the CFO with effect from 1 January 2021. The biographical details of Ms. Chen are as follows: Ms. Chen has over 20 years of work experience in accounting and financial management. Prior to her appointment as the CFO, Ms. Chen served as Senior Director at the finance management department of China Mengniu Dairy Company Limited. Ms. Chen joined the Mengniu Group in May 2003 and had held various positions at the Mengniu Group. Ms. Chen obtained her Master of Business Administration degree from Inner Mongolia University of Finance and Economics in 2015. Ms. Chen is a member of the Chinese Institute of Certified Public Accountants.