China Youran Dairy Group Limited announced the successful completion of a placing of 299,250,000 existing shares at HK$3.92 per share on January 20, 2026, under a best-effort arrangement involving multiple placees. To the best of the directors’ knowledge, the ultimate beneficial owners of these placees are independent third parties, and none became a substantial shareholder of the company upon completion.

The company subsequently allotted and issued 299,250,000 new shares at the same price on January 26, 2026, maintaining the original shareholding of the seller. Following this process, the overall share count reached 4,191,977,833 shares in issue. The net proceeds from the top-up subscription amounted to approximately HK$1,158.59 million.

As disclosed, when combined with a specific mandate subscription not yet completed, the total anticipated gross proceeds are projected to reach roughly HK$2,346.12 million, with estimated net proceeds of around HK$2,330.18 million. Additional updates will be provided in compliance with applicable regulatory requirements as further steps in this process progress.