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Investor Presentaiton

Proactively Grasps Industry Opportunities ♡蒙牛 Ⓡ Macro Trends Increasing health awareness of consumers benefits dairy products, with a forecasted CAGR of 6%-8% between 2021-24 for the dairy industry Strong dairy product demand driving raw milk prices to remain elevated Continued aging population, huge potential of "silver economy" ர் Our Strategies Strengthening digital and overall channel management, grasping online and offline opportunities Accelerating development of categories such as fresh milk, cheese and organic milk Proactive costs control Improving product mix and driving product portfolio upgrade Collaboration with strategic suppliers to strengthen the layout of milk sources Strengthening product portfolio and marketing investment of middle-aged and elderly formula The cheese market is growing rapidly under the backdrop of consumption upgrade of dairy products, low penetration of cheese consumption, and emerging consumption scenarios like home baking Accelerating innovation of foodservice and retail cheese products Empowering Milkground and realize comprehensive synergies 20
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