Taizhou Water Group Co., Ltd. board of directors announced that Mr. Ye Jianhua has submitted his resignation as non-executive director and a member of the strategy committee of the Board due to retirement. The resignation takes effect immediately. The Board proposed to elect Mr. Sun Hua as non-executive director of the Company and replace Mr. Ye Jianhua as a member of the Strategy Committee of the Company for a term commencing from the date of approval by the Shareholders at the Shareholders' general meeting of the Company until the expiration of the term of the fourth session of the Board. Mr. Sun Hua has confirmed that he has no disagreement on such nomination.