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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 . MODERN FARMING GROUP ) CO . , LTD HIGHLIGHTS MODERN FARMING 现代 牧业 China Modern Dairy Holdings Ltd. 中國 現代 牧業 控股 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1117 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021 Robust Results : For the six months ended 30 June 2021 , the total revenue of the Group reached RMB3,180 million , representing a year - on - year ( " yoy ” ) increase of 12.4 % . Cash EBITDA recorded RMB 1,153 million , representing a yoy increase of 16.8 % . The profit attributable to owners of the Company reached RMB497 million , representing a yoy increase of 125.0 % . Acquisition of Zhongyuan : The acquisition of Zhongyuan was completed in July 2021 which could create substantive synergies in terms of farm operation , management and financial strength , etc. of the Group . The Group's herd size will be increased , which could further enhance the Group's competitiveness in terms of quality and pricing of raw milk . Acquisition of Fuyuan : The acquisition of Fuyuan was approved by shareholders in June 2021 and is expected to be completed in the third quarter of 2021. Following the acquisition , the Group's herd size will significantly increase to approximately 340,000 heads , which could further strengthen the Group's position in the dairy farming industry in China and enhance its competitiveness in terms of quality and pricing of raw milk . Issuance of Bonds : The Company has successfully issued US $ 500,000,000 2.125 % bonds due 2026 in July 2021 with a credit rating of “ BBB ” , being an investment grade assigned by Standard & Poor's . The Company intends to use the proceeds for refinancing and general corporate purposes , which will lower overall financing cost . -1-