AUSNUTRIA DAIRY CORPORATION LTD 1717 15% 88 EGM-1EGM-2 18317M48
............................................................. 1........................................................ 6................................................ 21...................................................... 23................................................ I-1.................................................. EGM-1 i
28 53,100 40,000 56,900 1717 (3) 80,174,000 5.00 1
85%15% 2
6 Hyproca Nutrition B.V. 85% 26 56,900 3
1,500 571 Multi Brilliant Enterprises Limited 531 56940035.40%37.93% 26.67% 400,870,000 4
150,000 15% Perfect Victory Holdings Limited Dynamic Winners Group Limited Reliable Global Holdings Limited % 11.2477 5
AUSNUTRIA DAIRY CORPORATION LTD 1717 Bartle van der Meer Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 168-200 3616 15% 6
400,870,000 80,174,000 (i)(ii) (iii) (iv)(v) (i) Hyproca Nutrition B.V. (ii) Perfect Victory Holdings Limited (iii) Dynamic Winners Group Limited (iv) Reliable Global Holdings Limited (v) 7
15% 400,870,000 8.515% 197.2251.5 50,294,123 17,804,120 19,078,23713,411,766 = {[(B A)A] + [(C B)B] + [(D C)C]} x 100%3 (i) 20% 8
(ii) 25%20% = (2.5 x X + 2 x Y + 1.5 x Z) x 15% (iii) 25% = (5 x X + 4 x Y + 3 x Z) x 15% A = B = C = D = X = (B A) Y = (C B) Z = (D C) (20) 9
(i) (ii) 1,256,061,530 80,174,000 (i) 6.38% (ii) 6.00% 28,381,59630,412,67021,379,733 5.00 (i) 4.84 3.31% (ii) 4.833.52% (iii) 4.911.83% 10
(iv) 6.6424.70% (i) 12 (ii) 24 (iii) 36 (iv) 12 (i) (ii) 15% 11
100% 15% 85% 100% 35.40% 37.93% 26.67% 100% 15% 85% 100% 15% 12
(i) (ii) (iii) (iv) (v) (ii) 13
(i)(ii) (%) (%) (%) 1 250,000 0.02 18,054,120 1.38 28,631,596 10 2.14 2 19,078,237 1.46 30,412,670 10 2.28 3 330,000 0.03 13,741,766 1.05 21,709,733 10 1.62 4 505,931,772 40.28 505,931,772 38.73 505,931,772 37.86 Bartle van der Meer 56 162,605,230 12.95 162,605,230 12.45 162,605,230 12.17 78 106,939,085 8.51 106,939,085 8.19 106,939,085 8.00 480,005,443 38.21 480,005,443 36.74 480,005,443 35.92 1,256,061,530 100.00 1,306,355,653 100.00 1,336,235,529 100.00 1. 2. 3. 4. 361,738,129 123,355,37520,838,268 505,931,772 14
5. Bartle van der Meer (i)400,000 (ii)dutch Dairy Investments HK Limited 162,205,230Bartle van der Meer 800,000 6. Dutch Dairy Investments HK Limited162,205,230 Dutch Dairy Investments B.V. Dutch Dairy Investments B.V.Fan Deming B.V.50.00% Fan Deming B.V. Bartle van der Meer 7. (i)400,000(ii) 106,539,085 800,000 8. 9. 100% 10. 80,174,000 (i) (ii) Hyproca Nutrition B.V. 85% 15
Perfect Victory Holdings Limited 5.31% 35.40%15% Dynamic Winners Group Limited 5.69% 37.93%15% Reliable Global Holdings Limited 4.00% 26.67%15% 35.40%37.93%26.67% 85%15% 8.50 1.5 16
461.04 664.96 1,078.17 94.10 143.06 217.28 67.69 103.99 158.08 334.93 17
(i) (ii) 85% (iii) (i)(ii) 18
14.075% 25% 13.36(1) 14A.07(1) A 580,0000.05% (i)(ii) 88 EGM-1EGM-2 19
18317M 48 (i)2122 (ii)2350 (iii) 20
AUSNUTRIA DAIRY CORPORATION LTD 1717 15% (i)620(ii)2350 (iii) 21
22
100 28-29 15% 400,870,00080,174,000 14A.07(1) A A 23
580,000 0.05% (i)(ii) 6 13.84 24
1. (i) (ii) 25
A 1897 Nutrition Care75.0% Nutrition Care 3,926.5 2,740.3 2,103.5 1,582.8 1,018.9 665.9 1,279.8 798.90 539.9 422.0 472.1 274.6 75.3 12.3 566.6 438.1 623.1 1,690.2 1,124.9 590.0 438.5 297.8 3.8 334.8 233.9 3.1 308.1 212.7 50.6 26.7 21.2 (47.5) 26
665.953.01%1,108.9 37.18% 55.30%1,582.8 40.31%(i) (ii) (iii) (iv) 539.947.97%798.9 29.15% 60.20%1,279.8 32.59%(i) (ii)(iii) 274.6 71.92%472.1 17.23% 472.1 10.60%422.0 57.50% 11.0 (Gut Relief) (Soforla) 75.3 27
590.0 1,124.9 28.05% 41.05% 57.32% 66.34% 1,690.250.3% 41.05%43.05% 66.3% 72.90% 50.6 212.70 308.1 44.85% 28
2,402.0 1,386.6 837.1 3,219.1 2,537.0 2,193.4 5,621.1 3,923.6 3,030.5 910.9 505.4 228.7 2,763.2 1,828.6 1,474.3 3,674.1 2,334.0 1,703.0 1,740.5 1,468.0 1,312.6 206.5 121.6 14.9 1,947.0 1,589.6 1,327.5 5,621.1 3,674.1 43.26%57.42% (i) ADP Holdings (Australia) Pty Ltd 60% 56.414.9153.4(ii) Ausnutria Heerenveen Hector B.V.Ausnutria Heerenveen Pluto B.V 636.0(iii) 283.1 (iv) 279.5 29
455.9 1,212.6 1,972.2 52.07%1,158.0 999.3 1.39 1.16 1,740.5 1,256,061,5301.38 2. 15% (i) (ii) 100% 15% 85% 100% 30
53156940035.40%37.93%26.67% 35.40% 37.93% 26.67% 100% 15% 85% 100% 15% 31
1,078.2 664.9 461.0 217.3 143.1 94.1 158.1 104.0 67.7 461.044.23% 664.962.16% 1,078.2 67.753.62% 104.052.02% 158.1 (%) (%) (%) 27.46 24.26 21.91 51.31 48.89 133.79 1 1. 97.8 50.6 334.9 32
3. (i) (ii) 85.00% (iii) 33
200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (DBS Industry Outlook Dairy (China) Research) 622 1,22414.50% 1,224 1,8358.40% 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2017-2022 34
26 11343.90% 113 35225.50% Frost & Sullivan 60.00% (i) (ii) (iii)(iv) (v) 4. 4.1 (1) Hyproca Nutrition B.V. (2) Perfect Victory Holdings Limited (3) Dynamic Winners Group Limited (4) Reliable Global Holdings Limited (5) 35
4.2 15.00% 4.3 400,870,000 8.515% 197.2 251.550,294,123 17,804,12019,078,237 13,411,766 = {[(B A)A] + [(C B)B] + [(D C)C]} x 100%3 36
(1) 20.00% (2) 25.00%20.00% = (2.5 x X + 2 x Y + 1.5 x Z) x 15% (3) 25.00% = (5 x X + 4 x Y + 3 x Z) x 15% A = B = C = D = X = (B A) Y = (C B) Z = (D C) (20) 37
(i)(ii) 4.4 5. (i)(ii) 38
20.00% 251.58.50 1.2515% 251.515% 29.6 15%251.515% 201.8 400.87 13.551.99 15% 400.8715% 29.6 15%400.8715% 201.8 (i)(ii) 50% (iii) 5 5 50% 39
1 2 3 4 5 H&H 1112 39,690.78 1,158.49 34.26 10,100.56 3.93 1230 8,779.29 (224.35) 2,813.21 3.12 002570 6,607.11 (1,187.16) 3,302.33 2.00 5 5 a2 Milk Company Ltd ATM 56,998.01 548.73 103.87 3,316.50 17.19 A2M Bellamy s Australia Limited BAL 14,049.05 (4.82) 1,448.41 9.70 69.07 7.19 103.87 17.19 34.26 2.00 1717 8,340.25 384.45 21.69 4,899.09 1.70 2,672.47 197.2 13.55 1,345.23 1.99 6 1. 40
2. (i) (ii) 3. 4. 5. 2,646.73 951.48 6. 15%400.87 15% 7. 1.001.2477 8. 1.006.03 34.26103.87 69.078.50(i) 21.69 (ii)69.07 13.55(i) 21.69 (ii)69.07 41
2.0017.197.19 1.257.19 1.99 7.19 8.40% 25.20% 225.00 20.00% 42
5.1 1,256,061,530 80,174,000 (i) 6.38% (ii) 6.00% 28,381,59630,412,670 21,379,733 (i) 12 (ii) 24 (iii) 36 (iv) 12 43
5.00 (i) 4.843.31% (ii) 4.833.52% (iii) 4.911.83% (iv) 6.64 24.70% 5.2 (i)635.7 (ii) 968.7 1,972.2 (i)(ii) (iii) 1236 44
1.23%3.68% 5.3 12 7 6.5 6 5.5 5 4.5 4 3.5 3 45
2.956.65 4.17 50.00%56.00% 5.67 54.80%60.50% 3.885.004.84 4.84 6.6537.4% 5.00 4.843.31%4.17 19.90% 5.00 6.6424.70% 5.00 1.72190.69% 46
6. (i)(ii) (%) (%) (%) 1 250,000 0.02 18,054,120 1.38 28,631,596 10 2.14 2 19,078,237 1.46 30,412,670 10 2.28 3 330,000 0.03 13,741,766 1.05 21,709,733 10 1.62 4 505,931,772 40.28 505,931,772 38.73 505,931,772 37.86 Bartle van der Meer 56 162,605,230 12.95 162,605,230 12.45 162,605,230 12.17 78 106,939,085 8.51 106,939,085 8.19 106,939,085 8.00 480,005,443 38.21 480,005,443 36.74 480,005,443 35.93 1,256,061,530 100.00 1,306,355,653 100.00 1,336,235,529 100.00 1. 2. 3. 4. 361,738,129 123,355,37520,838,268 505,931,772 47
5. Bartle van der Meer (i)400,000 (ii)dutch Dairy Investments HK Limited162,205,230Bartle van der Meer 800,000 6. Dutch Dairy Investments HK Limited162,205,230 Dutch Dairy Investments B.V.Dutch Dairy Investments B.V.Fan Deming B.V.50.00% Fan Deming B.V.Bartle van der Meer 7. (i)400,000(ii) 106,539,085 800,000 8. 9. 100% 10. 80,174,000 38.21%35.93%2.28 (ii) 48
7. 308.1 85.00%100.00% 15.00% 3.68% 1.23% 1.23%3.68% 1,947.0 49
571 69 50
1. 2. 1,500,000,000 150,000,000 1,256,061,530 125,606,153 50,294,123 5,029,412 29,879,876 2,987,988 1,336,235,529 133,623,553 37,486,0002.45 I 1
3. A. XV XV78 352 1 5 400,000 (L) 0.03% 800,000 (L) 2 0.07% 106,539,085 (L) 3 8.48% Bartle van der Meer 400,000 (L) 0.03% 800,000 (L) 2 0.07% 162,205,230 (L) 4 12.91% 330,000 (L) 0.03% 670,000 (L) 2 0.05% 100,000 (L) 0.01% 200,000 (L) 2 0.02% 100,000 (L) 0.01% 200,000 (L) 2 0.02% 100,000 (L) 0.01% 200,000 (L) 2 0.02% 100,000 (L) 0.01% 200,000 (L) 2 0.02% 100,000 (L) 0.01% 200,000 (L) 2 0.02% I 2
1. L XV 2. 3. 106,539,085 4. Dutch Dairy Investments HK LimitedDutch Dairy Investments HK LimitedDutch Dairy Investments B.V.DDIDDIFan Deming B.V. 50.00% Fan Deming B.V.Bartle van der Meer Bartle van der MeerDutch Dairy Investments HK Limited 162,205,230 5. 1,256,061,5300.10 XV XV78 352 B. XV23 10 1 106,539,085 8.48% Babyland Holdings 71,301,949 5.68% Limited 2 123,355,375 9.82% 3 3 361,738,129 144,193,643 28.80% 11.48% Chengwei Evergreen 71,301,949 5.68% Capital, L.P. 24 I 3
10 Chengwei Evergreen Management, LLC 71,301,949 5.68% DDI 56 162,205,230 12.91% Dutch Dairy Investments 162,205,230 12.91% HK Limited 6 Fan Deming BV 7 162,205,230 12.91% Manids B.V. 58 162,205,230 12.91% Ignatius Petrus Jorna 162,205,230 12.91% 8 9 106,539,085 8.48% 1. 106,539,085 2. Babyland Holdings LimitedChengwei Evergreen Capital, L.P.93.88% 3. 123,355,37520,838,268 4. Chengwei Evergreen Capital, L.P.Chengwei Evergreen Management, LLC 5. DDIFan Deming B.V.Manids B.V.50.00% 6. Dutch Dairy Investments HK LimitedDDI 7. Fan Deming BVBartle van der Meer 8. Manids B.V.Ignatius Petrus Jorna99.84% 9. 106,539,085 10. 1,256,061,5300.10 XV23 I 4
4. A. B. C. D. 5. 6. I 5
7. 6 (i) (ii) 8. (i) Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands (ii) 168-200 3616 (iii) 18317M (iv) (v) I 6
9. 168-200 3616 (i) (ii) 2122 (iii) 23 50 (iv) (v) I 7
AUSNUTRIA DAIRY CORPORATION LTD 1717 88 1. (a) A (b) (c) 2. (a) 5.00400,870,000 EGM 1
(b) (c) (a) (b) (c) (d) (e) 183 17M 48 18317M Bartle van der Meer EGM 2