COMPLETION OF SHARE TRANSACTIONIN RELATION TO THE ISSUE OF SUBSCRIPTION SHARES UNDERGENERAL MANDATE AND THE ACQUISITION OF APPROXIMATELY8.50% OF THE TOTAL ISSUED SHARES OF SKX

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.This announcement is for information purposes only and does not constitute an invitation or offer to acquire purchase or subscribe for any securities of the Company.China Youran Dairy Group Limited中国优然牧业集团有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 9858) COMPLETION OF SHARE TRANSACTION IN RELATION TO THE ISSUE OF SUBSCRIPTION SHARES UNDER GENERAL MANDATE AND THE ACQUISITION OF APPROXIMATELY 8.50% OF THE TOTAL ISSUED SHARES OF SKX Financial adviser to the Company Reference is made to the announcement of China Youran Dairy Group Limited (the “Company”) dated February 19 2024 (the “Announcement”) in relation to the share transaction involving the issue of Subscription Shares under the General Mandate and the acquisition of approximately 8.50% of the total issued shares of SKX by the Company. Unless otherwise defined capitalised terms used in this announcement shall bear the same meanings as those defined in the Announcement.In addition to the information provided in the Announcement the Board would like to provide the following supplemental information regarding the share transaction: according to the terms of the Agreements the Subscription Consideration must be satisfied with the funds paid as the Share Transfer Consideration (subject to the deduction of certain costs and expenses that may be incurred by Huaxia Genetics and China Genetics in connection with the transactions as disclosedin the Announcement under the section headed “Share Transfer Consideration and SubscriptionConsideration”). If the Subscription Consideration is not paid to the Company in the said manner within the timeline agreed in the Agreements the entire share transaction (i.e. both the Share Transfer and the Subscription) would be terminated.– 1 –COMPLETION OF THE SUBSCRIPTION AND THE SHARE TRANSFER The Board is pleased to announce that all of the conditions precedent for the Subscription have been fulfilled and the completion of the Subscription took place on July 5 2024 and all of the conditions precedent for the Share Transfer have been fulfilled and the completion of the Share Transfer took place on July 12 2024.At the completion of the Subscription the Company allotted and issued 97323833 Subscription Shares to China Genetics at the Subscription price of RMB1.45 per share (equivalent to approximately HK$1.60 per share) for a total Subscription Consideration of RMB141119558 (equivalent to approximately HK$155385501). The Subscription Shares issued represent (i) approximately 2.56% of the issued share capital of the Company immediately prior to the completion of the Subscription and (ii) approximately 2.50% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares. The Subscription Shares were issued under the General Mandate (that is the general mandate granted to the Directors by the Shareholders at the annual general meeting of the Company held on May 17 2023 to allot issue and deal with up to 759080800 Shares) and utilised approximately 12.82% of the General Mandate.Upon completion of the Share Transfer the Company indirectly holds 66.86% of the total issued shares of SKX. The financial results of SKX will continue to be consolidated into the accounts of the Group.EFFECTS ON THE COMPANY’S SHAREHOLDING STRUCTURE The shareholding structure of the Company immediately before and upon completion of the allotment and issue of the Subscription Shares are set out as follows: Immediately before Immediately upon completion of the allotment completion of the allotment and issue of the and issue of the Subscription Shares Subscription Shares Number Approximate Number of Approximate of Shares % Shares % China Youran Dairy Holding Limited1 800000000 21.08 800000000 20.55 Jingang1 520800000 13.72 520800000 13.38 PAGAC Yogurt Holding II Limited2 822602530 21.67 822602530 21.13 PAGAC Yogurt Holding I Limited2 336183651 8.86 336183651 8.64 Meadowland Investment Limited Partnership3 564982819 14.89 564982819 14.51 Other public shareholders 750835000 19.78 750835000 19.29 China Genetics – – 97323833 2.50 Total 3795404000 100.00 3892727833 100.00 – 2 –Notes: 1. Each of China Youran Dairy Holding Limited and Jingang is a wholly-owned subsidiary of Yili. 2. PAGAC Yogurt Holding I Limited (“PAG I”) and PAGAC Yogurt Holding II Limited (“PAG II”) are wholly- owned subsidiaries of funds managed by PAG Capital Limited. PAG I is a wholly-owned subsidiary of PAG Asia I LP whose general partner is PAG Asia Capital GP I Limited. PAG II is a wholly-owned subsidiary of PAG Dairy I LP whose general partner is PAG Dairy GP I Limited. PAG Capital Limited is wholly controlled by Pacific Alliance Group Limited. Pacific Alliance Group Limited is wholly controlled by PAG. PAG is owned as to 34.67% by Mr. Shan Weijian. 3. Meadowland Investment Limited Partnership is an exempted limited partnership established under the laws of the Cayman Islands.By order of the Board China Youran Dairy Group Limited Yuan Jun Chairman and Executive Director Hong Kong July 15 2024 As at the date of this announcement the executive Directors are Mr. Yuan Jun and Mr. Dong Jiping; non-executive Directors are Mr. Xu Jun Mr. Yang Huicheng Mr. Xu Zhan Kevin and Mr. Qiu Zhongwei; and independent non-executive Directors are Ms. Xie Xiaoyan Mr. Yao Feng and Mr. Shen Jianzhong.The English names of the PRC entities referred to in this announcement are translations from their Chinese names and are for identification purposes. If there is any inconsistency the Chinese names shall prevail.In this announcement for the purpose of illustration only amounts quoted in RMB have been converted into HK$ at the rate of HK$1.00 to RMB0.90819. Such exchange rate has been used where applicable for the purpose of illustration only and does not constitute a representation that any amounts were or may have been exchanged at this or any other rates or at all.–3–