China Feihe : RE-DESIGNATION OF DIRECTOR

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Feihe Limited

中國飛鶴有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6186)

ANNOUNCEMENT

RE-DESIGNATION OF DIRECTOR

The board of directors (the "Board") of China Feihe Limited (the "Company", together with its subsidiaries, the "Group") hereby announces the re-designation of Mr. CHEUNG Kwok Wah ("Mr. Cheung") from an executive director of the Company to a non-executive director of the Company due to adjustment of work arrangements for personal reasons has taken effect from 1 April 2021.

The biographical details of Mr. Cheung are set out as follows:

Mr. CHEUNG Kwok Wah (張國華), aged 56, is a non-executive director of the Company. From April 2019 to March 2021, he served as the Chairman of Vitamin World International and the Chairman of Vitamin World USA, and responsible for the development of the overseas infant nutrition market of the Group. He serves as the general manager of Zhejiang Supor Co., Ltd. (浙江蘇泊爾股份有限公司) (listed on the Shenzhen Stock Exchange, Stock Code: 002032) since April 2021. Before joining the Group, Mr. Cheung held various senior positions within the Nestle Group from 2012 to 2018, including the global business head of Wyeth Infant Nutrition from 2016 to 2018, the chairman and chief executive officer of Nestle Greater China Region from 2014 to 2016, and a regional president of Wyeth Nutrition, Greater China Region from 2012 to 2014. Before that, Mr. Cheung also took the following positions within the Wyeth Nutrition, including the regional president of China and Hong Kong of Pfizer Nutritionals and the associate vice president of Wyeth Nutritional (China) Co., Ltd. Mr. Cheung worked at the Coca-Cola China Company Limited, a subsidiary of The Coca-Cola Company (listed on the New York Stock Exchange, Stock Code: KO) from 1997 to 2004 and was appointed as the vice president and director of Strategic Marketing of Coca-Cola in 2000. Before that, Mr. Cheung worked in the marketing department of Procter & Gamble (listed on the New York Stock Exchange, Stock Code: PG) until 1996. Mr. Cheung obtained an honours bachelor's degree of social science from the Chinese University of Hong Kong in 1987, and an MBA degree from Kelley School of Business in Indiana University in the United States in 1989.

- 1 -

Mr. Cheung has entered into a new service contract with the Company on 1 April 2021 for a term of three years, unless terminated by not less than one month' notice in writing served by either party on the other. He is subject to retirement by rotation and re-election at least once every three years at the annual general meeting of the Company, in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules") and Articles of Association of the Company.

Pursuant to the service contract, Mr. Cheung is entitled to an annual director's fee of HK$200,000, which is recommended by the Remuneration Committee of the Board and determined by the Board based on his qualification, experience, duties and responsibilities in the Company and the prevailing market conditions.

As far as the directors of the Company are aware, as at the date of this announcement, Mr. Cheung was not interested or deemed to be interested in any shares or underlying shares and debentures of the Company or its associated corporations pursuant to Part XV of the Securities and Futures Ordinance.

Save as disclosed in this announcement, Mr. Cheung does not have any relationships with other directors, senior management, substantial shareholders (as defined in the Listing Rules), or controlling shareholders (as defined in the Listing Rules) of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Cheung has not held any positions in any other publicly listed companies or in the Company or any of its subsidiaries in the last three years up to the date of this announcement.

Save as disclosed in this announcement, Mr. Cheung has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company, and there is no other information that is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules in relation to his re-designation.

By Order of the Board

China Feihe Limited

LENG Youbin

Chairman

Beijing, China, 6 April 2021

As at the date of this announcement, our executive directors are Mr. LENG Youbin, Mr. LIU Hua, Mr. CAI Fangliang and Ms. Judy Fong-Yee TU; our non-executive directors are Mr. GAO Yu, Mr. Kingsley Kwok King CHAN and Mr. CHEUNG Kwok Wah; and our independent non-executive directors are Ms. LIU Jinping, Mr. SONG Jianwu, Mr. FAN Yonghong and Mr. Jacques Maurice LAFORGE.

- 2 -