According to the Public Disclosure Form dated 3 November 2025, CITIC Securities International Capital Management Limited (a Class (5) associate connected with the Offeror) reported dealings on 31 October 2025 in the shares of China Shengmu Organic Milk Limited. The nature of these transactions involved closing, flattening, or unwinding proprietary positions arising from unsolicited client-driven dealings.

The disclosure states that a purchase of 663,000 shares was executed for a total consideration of US$222,105 at a price of US$0.3350 per share, followed by a sale of the same number of shares at the same aggregate amount and price. The dealings were made for CITIC Securities International Capital Management Limited’s own account, which is ultimately owned by CITIC Securities Company Limited.