China Mengniu Dairy Co Ltd is an investment holding company principally engaged in the manufacture and distribution of dairy products. The Company operates its business through five segments. The Liquid Milk Business segment mainly engaged in the manufacture and distribution of ultra-high temperature milk, milk beverages, yogurt and fresh milk. The Ice Cream Business segment mainly engaged in the manufacture and distribution of dairy-based ice cream. The Cheese Business segment mainly engaged in the manufacture and distribution of cheese. The Milk Formula Business segment mainly engaged in the manufacture and distribution of milk powder. The Others segment principally engaged in the manufacture of raw materials for dairy products and trading business.