CITIC affiliate discloses derivative dealings in China Shengmu Organic Milk

On November 5, 2025, a public disclosure form revealed that CITIC Securities International Capital Management Limited, a Class (5) associate connected with an offeror, engaged in dealings concerning China Shengmu Organic Milk Limited. These transactions were made for its own account.

The disclosure detailed a variation of a derivative made by CITIC Securities International Capital Management Limited on November 4, 2025. This involved 1,000,000 reference securities, with a maturity/closing out date of November 4, 2025, at a price of $0.3400. The total amount paid/received for this dealing was $340,000.00.

The disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a "possible mandatory general offer" related to China Shengmu Organic Milk Limited. CITIC Securities International Capital Management Limited is ultimately owned by CITIC Securities Company Limited.