FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260708E00761 
1. Date of relevant event: 03/07/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 01432
4. Name of listed corporation: China Shengmu Organic Milk Ltd. 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 8,381,295,229
7. Name of substantial shareholder: EQT AB 
8. Registered office: Regeringsgatan 25 Stockholm, 111 53 Sweden
9. Principal place of business in Hong Kong: N/A 
15. Exchange on which listed: Nasdaq Stockholm
16. Name of listed parent and exchange on which parent is listed: N/A 
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1316There has been a change in nature of your interest in the shares because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201Interest of corporation controlled by you
2201Interest of corporation controlled by you
 268,593,876
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position536,097,3056.40
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position536,097,3056.40
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position536,097,305

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
  
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
BPEA EQT Holdings ABc/o EQT AB, Box 16409, 103 27, StockholmEQT AB100.00N
Long position536,097,305
BPEA Private Equity GP V LimitedPO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman IslandsBPEA EQT Holdings AB100.00N
Long position536,097,305
BPEA Private Equity GP V, L.P.PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman IslandsBPEA Private Equity GP V Limited (as general partner)100.00N
Long position536,097,305
BPEA Private Equity Fund V, L.P.PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman IslandsBPEA Private Equity GP V, L.P. (as general partner)100.00N
Long position536,097,305
Greenbelt Global LimitedP.O. Box 31119 Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin IslandsBPEA Private Equity Fund V, L.P.99.35Y
Long position536,097,305

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information: Greenbelt Global Limited has terminated its agreement to sell 268,593,876 shares of China Shengmu Organic Milk Ltd.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 08/07/2026
(dd/mm/yyyy)