The Board of Ausnutria Dairy Corporation Ltd. announced that, with effect from 2 January 2015: Mr. Chan Yuk Tong has resigned as the independent non-executive Director with effect from 2 January 2015 as he would like to devote his time to his other engagements. Upon his resignation, Mr. Chan also ceased to be a member and the chairman of both the audit committee and the remuneration committee of the company and a member of the nomination committee of the company with effect from 2 January 2015. Mr. Chan has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.

The Board announced that Mr. Lau Chun Fai Douglas has been appointed as an independent non-executive Director, a member and the chairman of both the Audit committee and the Remuneration Committee and a member of the Nomination Committee with effect from 2 January 2015. Mr. Lau is an independent non-executive director of Chanjet Information Technology Company Limited since 2011. The initial term of office of Mr. Lau is two years commencing 2 January 2015.

The company will enter into a service agreement with Mr. Lau and his remuneration will be subject to the determination of the Remuneration Committee.