The board of directors of China Huishan Dairy Holdings Company Limited announced that Mr. KWOK Hok Yin resigned as an executive director of the company with effect from 18 April 2017 as he would like to focus on the Group's business-to-business segment. Following such resignation, Mr. Kwok also ceased to be a member of the Food Quality and Safety Advisory Committee of the company with effect from the same date. Despite his resignation from the Board, Mr. Kwok also remains in employment with the Group as vice president, principally responsible for the dairy ingredient business of the group; Mr. SO Wing Hoi resigned as an executive director of the company with effect from 17 April 2017 for health reasons as he is still recovering from a recent scheduled heart surgery.

Following such resignation, Mr. So has also ceased to be the chief finance officer, a member of each of the Remuneration Committee, the Nomination Committee and the Food Quality and Safety Advisory Committee of the company with effect from the same date and all other directorships and positions held by Mr. So within the group or with associated companies in Hong Kong, Mainland China and elsewhere has ceased accordingly. Each of Mr. So and Mr. Kwok has confirmed that he has no disagreement with the Board and there are no other matters in respect of his resignation that need to be brought to the attention of the shareholders of the company.