The board of directors of China Mengniu Dairy Company Limited announced that Mr. Ning Gaoning (Mr. Ning) tendered his resignation as a non-executive director of the Company, the chairman of the Board and the chairman of the nomination committee of the Company with effect from 19 February 2016 due to his appointment to a key position in another state-owned enterprise under the State-owned Assets Supervision and Administration Commission of the State Council of the PRC. Mr. Ning confirms that he has no disagreement with the Board and there is no matter relating to the resignation of Mr. Ning that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board announced the appointment of Mr. Ma Jianping (Mr. Ma) as a non-executive director of the Company and the chairman of the Board with effect from 19 February 2016.

Jianping is currently a vice president and the director of the strategy department of COFCO. The Board further announced that with effect from 19 February 2016, Mr. Ma was appointed as the chairman of the Nomination Committee. The Board further announced that Mr. Yu Xubo (Mr. Yu) resigned as the vice-chairman of the Board with effect from 19 February 2016 due to his other business engagement which requires more of his time and dedication.

Mr. Yu remains as a non-executive director of the company and a member of each of the remuneration committee and strategy and development committee of the company.