On 3 November 2025, an announcement disclosed dealings in the shares of China Shengmu Organic Milk Limited by CITIC Securities Company Limited, which is identified as a Class (5) associate connected with the Offeror. The disclosure pertains to potential obligations under a possible mandatory general offer.

CITIC Securities Company Limited reported two variations of derivatives on 31 October 2025. Each transaction referenced 663,000 underlying shares, with a maturity date of 31 October 2025. The reference price was HK$0.3350, and each transaction involved a total amount of HK$222,105, resulting in a balance of zero following these dealings.