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 Modern Dairy Holdings Ltd.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1117) UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS

This announcement is made at the request of The Stock Exchange of Hong Kong
Limited (the"Stock Exchange").
The board (the "Board") of directors (the "Directors") of China Modern Dairy Holdings Ltd. (the "Company") has noted the increases in the price and trading volume of the shares of the Company today. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Directors confirm that the Directors are not aware of any reasons for these price or volume movements or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance.
This announcement is made by the order of the Company. The Directors collectively and individually accepts responsibility for the accuracy of this announcement.
Hong Kong, January 15, 2013
On behalf of the Board

China Modern Dairy Holdings Ltd. WOLHARDT Julian Juul

Chairman

As of the date of this announcement, the executive Directors are Ms. GAO Lina, Mr. HAN Chunlin, Mr. DENG Jiuqiang, the non-executive Directors are Mr. WOLHARDT Julian Juul, Mr. HUI Chi Kin Max and Mr. LEI Yongsheng, the independent non-executive Directors are Prof. LI Shengli, Prof. GUO Lianheng and Mr. LEE Kong Wai Conway.

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