The renowned global rating agency S&P Global has officially released the highly anticipated Sustainability Yearbook (China Edition) 2025. Modern Dairy, with its profound exploration and exemplary performance in the domains of Environmental, Social, and Governance (ESG), has been included in this prestigious international list for the second successive year. This achievement highlights international recognition of the company's strength in promoting green development and fulfilling social responsibilities.

Since 2008, S&P Global Sustainability Yearbook, which features rigorous evaluation standards and professional assessment systems, has become an authoritative reference for global ESG investors and stakeholders to measure corporate sustainability levels. Its CSA database is widely acknowledged as an industry benchmark. This year, S&P Global maintained its focus on the Chinese market. Modern Dairy's long-term dedication to sustainable development strategies has yielded notable achievements in green development, social value creation and refined governance. It successfully distinguished itself from over 1,600 competing enterprises and was selected for inclusion in the yearbook once again, showcasing the sustainable development strength and competitiveness as a leading dairy company in China.

According to the ESG assessment results released by S&P Global CSA, Modern Dairy received a CSA score of 56 (ESG score of 57), representing a 30% improvement compared to the previous year. This significant progress is a testament to the company's strategic excellence in sustainability, as well as its capabilities in continuous innovation and efficient execution.

Modern Dairy has placed great emphasis on corporate governance and sustainable development, building a comprehensive safety control system that covers the entire industry chain and establishing detailed reporting mechanisms. The company has incorporated ESG performance into its executive assessment mechanisms, thereby enhancing governance transparency and strategic execution capabilities. In terms of environmental protection, Modern Dairy has created a green, circular industrial chain that achieves 100% utilisation of manure resources. It has also implemented efficient water resource utilisation strategies in breeding and forage planting, thereby contributing to ecological protection. In terms of social responsibility, Modern Dairy has strengthened the integration of industry, education and village-enterprise cooperation to build a high-quality talent ecosystem. At the same time, the Company focuses on consumers to improve the quality and safety of dairy products and meet the demand for a high-quality lifestyle. By promoting coordinated development across governance, the environment and society, the company is continuously empowered to make green upgrades and achieve long-term, high-quality development.

Looking ahead, Modern Dairy will continue to uphold the vision of "Green leadership and harmonious coexistence" and will practice its sustainable development mission of "creating a better and healthy future with quality and responsibilities". It will proactively align with national strategies and green development policies, firmly integrating the concept of sustainable development into its core business operations. It will continuously strengthen collaborative innovation and strategic partnerships with upstream and downstream partners in the industry chain, accelerating the transformation of the livestock industry towards low-carbon, efficient, and green directions. Furthermore, as a trailblazer in sustainable development within China's dairy industry, Modern Dairy will consistently deliver Chinese wisdom and solutions regarding green development and ESG practices to the international market, thereby facilitating the achievement of high-quality and sustainable common prosperity for the global livestock industry.