Ann: 1H21 Results Presentation, page-249

I’m confident to say you don’t understand Chinese market, neither Chinese culture.
No one care if they can have a2 milk in China, in fact, more than 99.99% Chinese people never heard a2m milk.
a2 milk is not necessary for babies, most Chinese pick up local productions like Meng niu/ Yi Li or Guang Ming, btw Meng Niu is now the holding company of Bellamy.
On other words, a2m milk means nothing to China, while a2m milk cannot support the share price without Chinese market.
also Daigou will never back, 5 years ago half of my friends were doing Daigou, and now only 1 of them still doing so, just because no one is keen to buy Australian milk production and health productions like Blackmore...
As a Chinese living in Australia, I hope both countries can create healthy relationship which will benefit on most people.