On 3 November 2025, the Executive received a disclosure pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers regarding dealings in the shares of China Shengmu Organic Milk Limited. CITIC Securities International Capital Management Limited, a Class (5) associate connected with the Offeror, reported a derivative transaction dated 31 October 2025. The variation of this derivative involved 663,000 relevant securities at a reference price of $0.3350, totaling $222,105.0000. After the transaction, the resultant balance stood at 0.

CITIC Securities International Capital Management Limited conducted these dealings for its own account and is ultimately owned by CITIC Securities Company Limited.