The Board of China Mengniu Dairy Company Limited announced that with effect from 26 March 2024, Mr. Jeffrey, Minfang
LU has been appointed as Vice-Chairman of the Board. Mr. Lu has stepped down from his role as chief executive officer of the Company and will continue to serve as an executive director of the Company. The Board further announced that with effect from 26 March 2024, Mr. GAO Fei, a senior vice president and the head of UHT business unit of the Group, has been appointed as chief executive officer and an executive director of the Company. The Board hereby announced that with effect from 26 March 2024, Mr. ZHANG Ping ("Mr. Zhang") has resigned from his role as an executive director of the Company and a member of
the Sustainability Committee of the Company ("Sustainability Committee"), due to further optimization of duty allocation in the Group. Mr. Zhang will continue to serve as chief financial officer of the Group and will focus on his duties and responsibilities as chief financial officer of the Group. The Board further announced that with effect from 26 March 2024: Mr. ZHANG Ping ceased to be an authorized representative of the Company as required under Rule 3.05 of the Listing Rules; and Mr. GAO Fei has been appointed as an authorized representative of the Company as required under Rule 3.05 of the Listing Rules. Mr. GAO Fei, aged 47, is a senior vice president and the head of UHT business unit of the Group, prior to his appointment as chief executive officer and an executive director of the Company. Mr. Gao graduated from Shandong University and Tsinghua University, and
obtained an Executive Master in Business Administration degree from Tsinghua University. Mr. Gao joined the Group in 1999, and successively held the positions of regional manager, center manager, sales general manager and marketing general manager of the sales and marketing department and contributed to the rapid growth of the market share of the Mengniu brand. Mr. Gao has abundant practical experience in sales, marketing and promotion and business operation of dairy products. In 2016, he was appointed as a vice president of the Group and head of the UHT business unit of the Group. Mr. Gao will enter into a letter of appointment as executive director with the Company for a term of three years commencing from his date of appointment. His directorship is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Company's articles of association. The Board further announces that with effect from 26 March 2024: Mr. ZHANG Ping ceased to be a member of the Sustainability Committee; and Mr. GAO Fei has been appointed as a member of each of the Strategy and Development Committee of the Company and the Sustainability Committee.