The board of directors of YuanShengTai Dairy Farm Limited announced that Mr. Chen Xiangqing was appointed as an executive director of the Company and the chief financial officer of the Group with effect from 10 September 2015. Following Mr. Chen's appointment, he will be mainly responsible for financial reporting and business planning of the Group. Ms. Su Shiqin tendered her resignation as an ED and CFO with effect from 10 September 2015.

Ms. Su confirmed that there has been no disagreement with the Company and the Board, and there is no other matter that should be brought to the attention of the shareholders of the Company.