The board of directors of China Mengniu Dairy Company Limited announced that Mr. WU Kwok Keung Andrew has resigned from his role as an independent non-executive director of the Company and chairman of the Audit Committee of the Company with effect from 1 October 2016. Mr. Wu has tendered his resignation due to his commitment to other personal development. The Board announced that Mr. YAU Ka Chi has been appointed as an independent non-executive director of the Company and chairman of the Audit Committee with effect from 1 October 2016. Mr. Yau, aged 58, is an independent non-executive director of Yihai International Holding Ltd. Mr. Yau had worked for Ernst & Young for over 30 years in its Hong Kong, Toronto and Beijing offices with primary focus in accounting and audit, initial public offering, and corporate restructuring before retiring in September 2015. During his professional career with Ernst & Young, Mr. Yau was appointed as the Professional Practice Director of Greater China from July 2007 to June 2009, the Assurance Leader for China North Region from July 2010 to June 2014 as well as the Oil & Gas Industry Leader of Greater China and the Assurance Leader of the Energy & Resources Markets Segment of Greater China from May 2012 to June 2015, and from July 2013 to June 2015, respectively.