China Shengmu Organic Milk Limited announced an amended and restated Terms of Reference for its Strategy and Sustainability Committee, effective 26 June 2026. The document highlights broader responsibilities and refined governance procedures following the committee’s renaming on 23 August 2021 from “Strategy Committee” to “Strategy and Sustainability Committee.”

Key structural changes • Membership: The committee will comprise at least three members appointed by the Board, with a quorum of two. Members will elect the committee chairperson from within the group. • Secretariat: The company secretary—or another designated individual—will serve as committee secretary.

Expanded authority and resources • The committee is empowered to obtain information from any employee, conduct strategic research, and commission independent professional advice at the Company’s expense. • Adequate resources will be provided to ensure effective discharge of duties.

Core responsibilities • Formulate medium- and long-term development strategies, including major investment and financing plans, based on market analysis. • Conduct feasibility studies on significant investments, financing initiatives, and operational capital projects before submitting recommendations to the Board. • Oversee corporate social responsibility and sustainability issues that could affect operations, stakeholders, and the environment, and assess their implications for employees and shareholders. • Monitor the execution and progress of approved strategies and investments and report findings to the Board. • Evaluate other critical matters influencing corporate development as mandated by the Board.

Meeting logistics and reporting • Meetings will be convened as required, with flexibility to use telecommunication tools for real-time participation. • Comprehensive minutes will be maintained and circulated promptly in draft and final forms. • The committee chair—or an alternate member—will attend the annual general meeting to address shareholder inquiries.

The updated charter reinforces China Shengmu’s commitment to integrating strategic growth objectives with sustainability considerations, aligning governance practices with evolving stakeholder expectations.