Investor Presentaiton

Comprehensive Execution of ESG Strategy Environment Society TM #4" Completed group carbon audit, launched the first independent carbon emission data management system in the industry, will announce carbon-neutral goals & roadmap in 1H2022 Passed audit by UNGC, and became an official enterprise member The 1st Chinese dairy company to join the global "Pathways to Dairy Net Zero (PDNZ)" climate initiative China Shengmu and Modern Dairy, Mengniu's two major raw milk suppliers, have commenced carbon-neutral strategic initiatives Room temperature & chilled product businesses started the PP turnover boxes project, replacing traditional corrugated boxes The inclusive nutrition project donated 4.8 million boxes of student milk to underdeveloped regions in the country Commenced employee voluntary activities including reducing food waste, checking in with empty plates, and cleaning beaches Won the "Most Comfortable Workplace 2021" award, with training programs to help employees grow and develop Held 50 training sessions for farms, covering all partner farms, to help farms reduce costs and increase efficiency • • • • Governance Included ESG goals in management KPIs Board re-composition adding a female Director and improving the diversity of independent Directors Added 2 female senior management members, which now accounts for 25% of senior management • Further improved the Company's compliance governance system Established ESG strategies and implementation review mechanism, with the Board and the management deeply involved in ESG governance

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