China Modern Animal Husbandry Holdings Limited (the “Company” or “Modern Animal Husbandry”, together with its subsidiaries, the “Group”) is a leading dairy cow livestock operator and raw milk producer in the People's Republic of China (“China”). Hyundai Animal Husbandry operates 42 dairy cattle ranching companies in China, has more than 418,000 dairy cows, and produces more than 2.5 million tons of milk per year. Based on herd size, the Group is an industry leader among dairy cattle animal husbandry operators and raw milk producers in China. The company pioneered the “integrated cultivation and maintenance, 2 hours zero distance” production model, and was the first enterprise in China to pass SGS certification with an integrated production model. Over the past ten years, modern animal husbandry products have continuously won gold medals at the World Food Quality Evaluation Conference, known as the “Nobel Prize” for the food industry. In recent years, we have also successfully expanded our business segments into forage, digital intelligence platforms, and dairy cattle breeding.