FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260805E00219 
1. Date of relevant event: 03/08/2026
(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 Limited 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 8,381,295,229
7. Name of substantial shareholder: China Modern Dairy Holdings Ltd. 
8. Registered office: Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KYI-1104, Cayman Islands
9. Principal place of business in Hong Kong: Room A, 32nd Floor, COFCO Tower, 262 Gloucester Road, Causeway Bay, Hong Kong 
15. Exchange on which listed: The Stock Exchange of Hong Kong Limited
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
1101The percentage level of your interest in the shares has increased because:
you purchased the shares
2101Beneficial owner
2101Beneficial owner
4,379,519,346 HKD 0.3500
3101Cash
Short position 
 
 
 
           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position2,194,142,51226.18
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position6,573,661,85878.43
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position4,486,719,346

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
   

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: (1) China Modern Dairy Holdings Ltd. ("CMD") was irrevocably granted a proxy to exercise voting rights in respect of 2,086,942,512 shares under a voting rights agreement dated 30 October 2025. (2) As at 3 August 2026, CMD has received valid acceptances to acquire 4,379,519,346 shares under the mandatory cash offer for HK$0.35 per share. Please refer to the composite document dated 30 June 2026 and the announcements dated 30 October 2025 and 3 August 2026 issued by CMD for details.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded: 0
Date of filing this Form 2: 05/08/2026
(dd/mm/yyyy)