Tranche Update on China Huishan Dairy Holdings Company Limited's Equity Buyback Plan announced on September 30, 2015.

China Huishan Dairy Holdings Company Limited is a China-based company principally engaged in the production and sales of liquid milk products. Along with subsidiaries, The Company operates its business through three segments. The Liquid Milk Products Production segment is engaged in the production and sale of pasteurized milk, ultra-high temperature (UHT) milk, yoghurt and milk beverages. The Dairy Farming segment is engaged in planting, growing and harvesting alfalfa grass and other feed crops, processing feeds and breeding dairy cows. The Milk Powders Production segment is engaged in the production and sale of infant milk formula products, adult milk powder products and dairy ingredient products.