Taizhou Water Group Co., Ltd. approved appointment of Mr. Pan Gang was appointed as an executive Director with effect from the date of approval at the AGM (June 28, 2022). The biography of Mr. Pan Gang and other relevant information required to be disclosed under Rule 13.51(2) of the Listing Rules are set out in the Circular. As at the date of this announcement, there is no other change to the biography of Mr. Pan Gang as set out in the Circular.

Mr. Pan Gang has entered into a service contract with the Company in relation to his appointment as an executive Director for a term of service commencing from the date of AGM until the end of the term of the fifth session of the Board. Mr. Pan Gang will not obtain any remuneration from the Company. The company also approved the appointment of Ms. He Lin as a Shareholder representative Supervisor with effect from the date of approval at the AGM (June 28, 2022).

The biography of Ms. He Lin and other relevant information required to be disclosed under Rule 13.51(2) of the Listing Rules are set out in the Circular. As at the date of this announcement, there is no other change to the biography of Ms. He Lin as set out in the Circular. Ms. He Lin has entered into a service contract with the Company in relation to her appointment as a Shareholder representative Supervisor for a term of service commencing from the date of AGM until the end of the term of the fifth session of the Supervisory Committee.

Ms. He Lin will not obtain any remuneration from the Company. Following the conclusion of the AGM, Mr. Zhang Junzhou resigned as the vice Chairman, the executive Director and the member of each of the Remuneration Committee and the Strategy Committee due to change of personal job assignment. The Board announced that Mr. Pan Gang has been appointed as the vice Chairman and a member of each of the Remuneration Committee and the Strategy Committee in replacement of Mr. Zhang Junzhou with effect from June 28, 2022.

Due to the aforementioned changes in the composition of the Board, the composition of each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Strategy Committee is as follows: Audit Committee - Mr. Li Wai Chung (Chairman), Mr. Wang Haiping, Ms. Hou Meiwen. Remuneration Committee: Mr. Wang Yongyue (Chairman), Mr. Yang Jun, Mr. Pan Gang, Mr. Huang Chun and Ms. Lin Suyan. Nomination Committee: Mr. Yang Jun (Chairman), Mr. Yu Yangbin, Mr. Yang Yide, Mr. Huang Chun, Ms. Lin Suyan, Ms. Hou Meiwen and Mr. Wang Yongyue.

Strategy Committee: Mr. Yang Jun (Chairman), Mr. Pan Gang, Mr. Wang Haibo, Ms. Fang Ya, Ms. Huang Yuyan, Mr. Lin Ying and Mr. Huang Chun.