These appointments follow the resignations of Mr. Xu Jun, Mr. Yang Huicheng, and Mr. Shen due to other work commitments.
Faced with a sharp decline in domestic milk production and escalating trade tensions with the USA, Chinese buyers are rapidly turning to alternative suppliers.
While traditional milk consumption is decreasing, demand for higher-end dairy products such as cream and condensed milk rises.
Combined, dividends and share repurchases brought total shareholder returns to 100.4% of profits.
The market is projected to reach a volume of 132,000 tons and a value of US$282 million by 2035