China ZhongDi Dairy : UPDATE ANNOUNCEMENT RECEIVAL OF SCANNED COPY OF THE LETTER TO WITHDRAW ALL REQUESTS IN THE REQUISITION

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CHINA ZHONGDI DAIRY HOLDINGS COMPANY LIMITED

中 國 中 地 乳 業 控 股 有 限 公 司

(A company incorporated under the laws of the Cayman Islands with limited liability)

(Stock code: 1492)

UPDATE ANNOUNCEMENT

RECEIVAL OF SCANNED COPY OF THE LETTER

TO WITHDRAW ALL REQUESTS IN THE REQUISITION

Reference is made to the voluntary announcement of China Zhongdi Dairy Holdings Company Limited (the "Company") dated 30 July 2020, in relation to (including but not limited to) the receival of Scanned Copy of the Requisition to convene an extraordinary general meeting (the "Announcement"). Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The board of directors of the Company (the "Board") announces that, on 30 July 2020, the Company received a scanned copy of written letter dated 30 July 2020 from the Requisitionists (the "Letter"). According to the Letter, notice is hereby given by the Requisitionists to the Company to request the withdrawal of all requests in the Scanned Copy of the Requisition, cancel or suspend any actions that might be related to the Scanned Copy of the Requisition.

In view of the withdrawal of all requests in the Scanned Copy of the Requisition by the Requisitionists, the Board of the Company hereby announces that, the Board will no longer take any actions in respect of all the requests in the Scanned Copy of the Requisition.

On behalf of the Board

China ZhongDi Dairy Holdings Company Limited

Zhang Jianshe

Chairman

Hong Kong, 31 July 2020

As at the date of this announcement, the Board comprises Mr. Zhang Jianshe and Mr. Zhang Kaizhan as executive directors; Mr. Liu Dai, Mr. Du Yuchen, Mr. Li Jian and Ms. Yu Tianhua as non-executive directors; and Prof. Li Shengli, Dr. Zhang Shengli and Mr. Zhang Juying Jerry as independent non-executive directors.