The board of directors of China Mengniu Dairy Company Limited announced that Mr. Ma Jianping (Mr. Ma) tendered his resignation as a non-executive director of the company, the chairman of the Board, the chairman of the nomination committee of the company and the chairman of the strategy and development committee with effect from 7 January 2019 due to change of work. The board announced the appointment of Mr. Yu Xubo (Mr. Yu) as a non-executive director of the company and the chairman of the board with effect from 7 January 2019. Mr. Yu Xubo joined COFCO Corporation and/or its subsidiaries (the COFCO Group) in 1988 and is the president of COFCO Corporation since April 2007. Mr. Yu is also the managing director of COFCO (Hong Kong) Limited, and holds the directorship in several subsidiaries in the COFCO Group. Mr. Yu is currently a non-executive director and the chairman of the board of China Foods Limited. The board further announces that with effect from 7 January 2019, Mr. Yu was appointed as the chairman of the Nomination Committee and the chairman of the Strategy and Development Committee.