PHIP

	China Shengmu Organic Milk Limited
	YOU SHOULD READ THE WARNING IN THE DOCUMENT.

Warning Statement Important Expected Timetable Contents Summary Definitions Glossary Forward-Looking Statements Risk Factors Waivers and Exemption from Strict Compliance with the Listing Rules and the Companies (Winding up and Miscellaneous Provisions) Ordinance Information about this Prospectus and the Global Offering Directors and Parties Involved in the Global Offering Corporate Information Regulatory Overview Industry Overview History, Reorganization and Group Structure Business Relationship with Mengniu Group Relationship with Controlling Shareholders Continuing Connected Transactions Directors and Senior Management Share Capital Substantial Shareholders Cornerstone Investor Financial Information Future Plans and Use of Proceeds Underwriting Structure and Conditions of the Global Offering How to Apply for Hong Kong Public Offer Shares Appendix I: Accountants’ Report Appendix II: Unaudited Pro Forma Financial Information Appendix III: Summary of the Constitution of Our Company and Cayman Islands Company Law Appendix IV: Statutory and General Information Appendix V: Documents Delivered to the Registrar of Companies and Available for Inspection