China Shengmu Organic Milk Limited announced that with effect from 25 January 2019, Mr. Wang Yuehua has resigned as an executive director of the company due to his other business commitments. The company also announced that with effect from 25 January 2019, Mr. Zhang Jiawang has been appointed as an executive director of the company. The company will enter into a service contract with Mr. Zhang. Subject to the terms of the service contract, the term will be three years commencing from 25 January 2019. His appointment as an executive director of the company will be subject to retirement by rotation and re-election at the general meeting of the Shareholders in accordance with the articles of association of the Company.