Mr. REN Zhijian ("Mr. Ren"), aged 50, was appointed as an ED and the CEO on 12 September 2023. He joined the Group in July 2022 and is the chief executive officer of the Group in the ...People's Republic of China (the "PRC") region. He is responsible for the overall business strategies and operations management of the PRC region. Mr. Ren graduated from Inner Mongolia College of Finance and Economics (內蒙古財經學院), now known as Inner Mongolia University of Finance and Economics (內蒙古財經大學). Before joining the Group, he was the deputy general manager of the milk powder business department of Inner Mongolia Yili Industrial Group Co., Ltd. (內蒙古伊利實業集團股份有限公司), a company established under the laws of the PRC, shares of which are listed on the Shanghai Stock Exchange (stock code: 600887) ("Yili Industrial"), the controlling Shareholder of the Company, and served at the cold beverage and milk powder business departments of Yili Industrial for more than 20 years with extensive experience in sales management and operations management.

Mr. Bartle VAN DER MEER ("Mr. van der Meer"), aged 77, was appointed as an ED and the CEO on 7 June 2013 and resigned as the CEO on 27 January 2023. Mr. van der Meer is one of the founders of ...Ausnutria B.V. and has been involved in the strategic management since the establishment of Ausnutria B.V. in 1994. He is also a member of the board of directors of Ausnutria B.V. since January 2020 and has been the chairman of the one-tier board from January 2020 to July 2023. Mr. van der Meer is primarily responsible for the Group's corporate merger and acquisition, dairy supply related strategies and management and new capital expenditure projects in the Netherlands. He graduated with a business administration degree in the Netherlands with a major in banking in 1966. He worked for Rabobank, a multinational banking and financial services group in the Netherlands for more than 25 years. He is serving as the executive director of Fan Deming B.V., a private equity company which owned 100% equity interests in DDI, a substantial Shareholder, since 1994. Mr. van der Meer has been the chairman of supervisory board of sc Heerenveen NV (a soccer club which plays in the premier division in the Netherlands) since 1998 to 2012, and a member of Foundation Accell Group (a company listed on Euronext Amsterdam (formerly known as Amsterdam Stock Exchange) since 1998 to March 2022.

Mr. ZHANG Zhi , aged 41, was appointed as an ED on 12 September 2023. He joined the Group in January 2023 and is the chief supply chain officer of the Group responsible for the overall production, ...supply chain security and quality management of the Company. Mr. Zhang Zhi graduated from Inner Mongolia University（內蒙古大學） in 2004 with a bachelor's degree in biotechnology, and is an EMBA student of Tianjin University（天津大學）. Prior to joining the Group, he was the director of supply chain of the international business department of Yili Industrial. He worked for, among others, the cold beverage business department and the milk powder business department of Yili Industrial for a total of 19 years. He has extensive experience in international business, supply chain management and operation management.

Mr. HAN Shixiu ("Mr. Han"), aged 49, was appointed as a NED and the chairman of the Board on 25 September 2024. Mr. Han graduated from Inner Mongolia Agricultural University in 1997. He joined Yili Industrial in June 1997 and had been the supply director and logistics director of the liquid milk ...business unit, the head of the strategic planning department and the general manager of the milk powder business unit (including infant milk formula) of Yili Industrial. Since 2024, he has been the assistant to the group president of Yili Industrial. Mr. Han has over 20 years of extensive experience in the fields of supply chain and infant milk formula.

Mr. ZOU Ying ("Mr. Zou"), aged 44, was appointed as a NED on 25 September 2024. Mr. Zou graduated from Peking University in 2002 with a bachelor’s degree in economics. He is a fellow member of the Chartered Institute of Management Accountants and ... a member of the Association of International Accountants. Mr. Zou joined Yili Industrial in August 2019 as milk powder business unit’s finance head, and is currently the head of the financial management department of Yili Industrial. Prior to joining Yili Industrial, he worked for Nestlé in various countries and regions for 17 years and has extensive experience in the fields of financial management and infant milk formula.

Ms. YAN Junrong ("Ms. Yan"), aged 52, was appointed as a NED on 24 November 2023. She graduated from Inner Mongolia University of Technology in 1994 with a bachelor's degree in engineering. She has 29 years of experience in the dairy industry and has been engaged in quality management, ...corporate culture building and management and operation of the president's office. Ms. Yan joined Yili Industrial in 1994 and has been the assistant to the president and the directors of the President's Office and of the Management and Operation Office of Yili Industrial since 2019, managing the President's Office of Yili Industrial group. Prior to that, she was an executive director of Yili Industrial.

Mr. MA Ji ("Mr. Ma"), aged 47, was appointed as an INED on 20 April 2022. Mr. Ma graduated from Peking University in 2000 with a bachelor's degree in economics, and China Europe International Business School in 2016 ...with an executive master of business administration degree. Mr. Ma is a member of the Chinese Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. Mr. Ma is now the chief financial officer of YQNLink. Mr. Ma was the chief financial officer of Autonavi Holdings Limited from 2013 to 2014, the senior director of Alibaba Group Holding Limited, a company listed on the Stock Exchange (stock code: 9988) from 2014 to 2015, and the vice president of JD.com, Inc., a company listed on NASDAQ and the Stock Exchange (stock code: JD and 9618) from 2015 to 2021. Mr. Ma has worked in Deloitte Touche Tohmatsu CPA Ltd. for over ten years and has extensive financial management experience.

Mr. CHEN Fuquan ("Mr. Chen"), aged 60, was appointed as an INED on 25 September 2024. Mr. Chen graduated from the Department of Chemistry of Inner Mongolia University in China in 1986 with a bachelor's degree in science and the EMBA programme of Cheung Kong Graduate School of Business in China with an ...executive master of business administration degree. Mr. Chen was the head of public affairs at Yili Industrial from 2002 to 2018. He was the deputy secretary general of the China Dairy Industry Association in 2019. Mr. Chen joined the China Nutrition and Health Food Association in 2021 and had been the chief engineer and the secretary general of the infant formula sub-committee. Since 2024, he has been the deputy director of the infant formula sub-committee. Mr. Chen has over 22 years of experience in the research, consultation and formulation of policies, regulations, standards and management methods for the Chinese dairy industry.

Mr. Aidan Maurice COLEMAN ("Mr. Coleman"), aged 68, was appointed as an INED on 6 December 2018. Mr. Coleman graduated with a Bachelor of Arts degree in Economics and Psychology from The University of Auckland in 1978 and ...a Bachelor of Business Studies degree in marketing from The Massey University of New Zealand in 1991. He is a founder and currently the managing director of Longpoint Consulting Pty. Ltd., which provides private consulting and advisory services to various companies in Australia and New Zealand including retailers, dairy trading companies and FMCG marketing businesses. He has over 31 years of extensive experience in the manufacturing and marketing of consumer and food-service food and agricultural product. Prior to joining Longpoint Consulting Pty. Ltd., Mr. Coleman was the chief executive officer of Bega Cheese Limited (stock code: BGA.ASX), a company listed on the Australian SecuritiesÞxchange, until 2017. He was also the chief executive officer of Tatura Milk Industries Ltd. ("Tatura"), a wholly-owned subsidiary of Bega Cheese Limited, from 2008 to 2011 and an executive director of Tatura from 2011 to 2017. Prior to joining Tatura, he was the managing director of Fonterra Brands (Australia) Pty. Ltd from 2005 to 2007, an Australian company which manufactures, markets andÝistributes dairy and non-dairy products.

Mr. WANG Wensong ("Mr. Wang"), aged 41, was appointed as the chief financial officer of the Company on 22 February 2023 and the secretary of the Board on 12 September 2023. He graduated from Simon Fraser University in Canada in 2008 with a bachelor's degree majoring in Finance ...and Accounting and graduated from the University of Toronto in 2018 with a Master of Business Administration degree. He is a member of the Chartered Professional Accountants of Canada, the American Institute of Certified Public Accountants, and the Chartered Financial Analyst (CFA) Institute. Mr. Wang joined Yili Industrial in January 2019 and had been the finance director of the financial management department and the head of the mergers and acquisitions department. Prior to that, Mr. Wang was mainly engaged in accountancy practices and worked for Deloitte and PricewaterhouseCoopers in the PRC and Canada for nearly 10 years. Mr. Wang also has extensive experience in financial management.

Mr. LI Wei ("Mr. Li"), aged 43, was appointed as the chief research and development officer of the Company on 17 January 2024. He joined the Group in June 2022 and has been the director of Ausnutria Institute of Food and Nutrition since August 2022. Mr. Li graduated from the School of ...Biological Engineering of the Tianjin University of Science & Technology. Prior to joining the Group, he was the deputy R&D director of the milk powder BU of Yili Industrial. He worked in the field of R&D of milk powder for more than 20 years and has extensive experience in product development and R&D management of IMF and milk powder for special medical purposes.

Ms. CHEUNG Ka Lai (Ms. "Cheung") was appointed as the company secretary of the Company on 25 September 2024. Ms. Cheung joined the Group since January 2010. She holds a bachelor degree in Business Administration from Coventry University, United Kingdom and a master degree in Corporate Governance from ...The Hong Kong Polytechnic University. Ms. Cheung is a Chartered Secretary, a Chartered Governance Professional, a holder of the Practitioner’s Endorsement issued by The Hong Kong Chartered Governance Institute (HKCGI) and an associate of both HKCGI and The Chartered Governance Institute (CGI) in the United Kingdom since 2017. Ms. Cheung has over 14 years of experience in management, corporate governance and company secretarial practice in listed companies.