Yunnan Water Investment : (I) RESIGNATION OF CHAIRMAN AND DIRECTORS AND PROPOSED APPOINTMENT OF DIRECTORS;(II) RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL CONTROLLER

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雲南水務投資股份有限公司

Yunnan Water Investment Co., Limited*

(a joint stock limited liability company incorporated in the People's Republic of China)

(Stock code: 6839)

1. RESIGNATION OF CHAIRMAN AND DIRECTORS AND PROPOSED APPOINTMENT OF DIRECTORS;
2. 1. RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL CONTROLLER

This announcement is made by the Company pursuant to the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance and Rule 13.09 of the Listing Rules.

1. RESIGNATION OF CHAIRMAN AND DIRECTORS AND PROPOSED APPOINTMENT OF DIRECTORS
2. 1. Resignation of Chairman
      The Board hereby announces that Mr. Li Jialong ("Mr. Li") tendered his resignation as a non-executive Director, the Chairman, and chairman and member of the Nomination Committee due to work reasons, with effective upon the conclusion of the EGM.
      Mr. Li confirmed that he has no disagreement with the Company, the Board and the Supervisory Committee respectively, and there were no other matters relating to his resignation that needed to be brought to the attention of the Stock Exchange and the Shareholders.
      The Board would like to take this opportunity to thank Mr. Li for his valuable contributions to the Company during his term of office.
   2. Resignation of Director
      The Board hereby announces that Mr. Yang Fang ("Mr. Yang") tendered his resignation as an executive Director and a member of the Compliance Committee due to work reasons, with effective upon the conclusion of the EGM.

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Mr. Yang confirmed that he has no disagreement with the Company, the Board and the Supervisory Committee respectively, and there were no other matters relating to his resignation that needed to be brought to the attention of the Stock Exchange and the Shareholders.

The Board would like to take this opportunity to thank Mr. Yang for his valuable contributions to the Company during his term of office.

3. Proposed Appointment of Directors

1. The Board proposes to nominate Mr. Liu Hui ("Mr. Liu") to be a non-executive Director candidate of the third session of the Board. The biographical details of Mr. Liu are set out below:

   Mr. Liu, aged 43, obtained a bachelor's degree in medical insurance from Nanjing Railway Medical College in August 1999 and a master's degree in political economy from Yunnan University in July 2008. Mr. Liu has over 22 years of experience in corporate finance management. From August 1999 to September 2005, Mr. Liu served as an assistant economist in the Third People's Hospital of Yunnan Province. From July 2008 to January 2011, Mr. Liu worked in the accounting department of the Rural Credit Cooperative Union in Wuhua District, Kunming. From January 2011 to August 2013, Mr.

   Liu acted as the business supervisor in the finance management department of Yunnan Metropolitan Construction Investment Co., Ltd.* ( 雲南省城市建設投資集團有限公司). Mr. Liu served as the chief financial controller in YMCI Venture Capital Co., Ltd.* ( 雲 南城投創業投資有限公司 ) from August 2013 to September 2014. He was the business supervisor from September 2014 to August 2016, and the deputy general manager from August 2016 to November 2020, in the finance management center of Yunnan

   Metropolitan Construction Investment Co., Ltd. Mr. Liu was also the chief financial controller of Chengdu Global Century Exhibition & Travel Group Co., Ltd.* ( 成都環 球世紀會展旅遊集團有限公司 ) from June 2019 to December 2019. Mr. Liu was the

   deputy general manager of the finance management center of Yunnan Health&Cultural Tourism Holding Group Co., Ltd.* ( 雲南省康旅控股集團有限公司 ), the controlling shareholder of the Company, from November 2020 to present.

   Save as disclosed above, Mr. Liu confirms that (i) he did not take up any position in the Group nor any other directorship in any other publicly listed companies in the past three years; (ii) he does not have any other major appointment and professional qualifications;

2. he does not have any relationship with any Directors, Supervisors, senior management, substantial or controlling shareholders (as defined in the Listing Rules) of the Company; and (iv) he does not have any interests in the Shares within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, there are no other matters concerning the appointment of Mr. Liu which need to be brought to the attention of the Shareholders and the Stock Exchange and there are no other matters which shall be disclosed pursuant to Rule 13.51(2)(h) to

(v) of the Listing Rules.

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The resolution in respect of the appointment of Mr. Liu as a non-executive Director for the third session of the Board will be proposed at the EGM for consideration and approval by the Shareholders. The term of office of Mr. Liu shall commence upon the approval of the appointment by the Shareholders at the EGM and shall terminate upon the expiry of the third session of the Board. The Shareholders will also consider and, if thought appropriate, approve the authority granted to the Board to determine his remuneration at the EGM with reference to his responsibilities, the Company's remuneration policies and the market conditions. In the event that Mr. Liu is appointed as non-executive Director at the EGM, the Company will enter into a service agreement with Mr. Liu. Mr. Liu will be subject to retirement and re-election in accordance with the Articles of Association upon expiry of his term of office.

The Board proposes to nominate Ms. Ling Hui ("Ms. Ling") to be an executive Director candidate of the third session of the Board. The biographical details of Ms. Ling are set out below:

Ms. Ling, aged 35, obtained a bachelor's degree in accounting from Yunnan University of Finance and Economics in July 2008 and a master's degree in financial markets and portfolio management from the University of Hong Kong in August 2019. Ms. Ling has over 13 years of experience in corporate finance management. From November 2008 to March 2011, she worked as the financial manager of Yuxi Zhongxin sub-branch, the accountant of Yunnan branch, and a member of Group company's centralized accounting task force in Anbang Insurance Group. Ms. Ling served as assistant to the general

manager in the group finance department of Yunnan Yichu Mingtong Engineering Machinery Maintenance Service Co., Ltd.* ( 雲南易初明通工程機械維修服務有限公

司 ) from April 2011 to June 2015. She was the supervisor in the finance management center of Yunnan Metropolitan Construction Investment Co., Ltd. from September 2015 to March 2019. Ms. Ling was seconded by Yunnan Metropolitan Construction

Investment Co., Ltd. and acted as the chief financial controller of Yunnan Haigeng Hotel Management Co., Ltd. ( 雲南海埂酒店管理有限公司 ) and Beijing Yunnan Mansion Hotel Co., Ltd. ( 北京雲南大廈酒店有限公司 ) from April 2019 to February 2021. With

effect from 31 March 2021, Ms. Ling has been appointed as the chief financial controller of the Company.

Save as disclosed above, Ms. Ling confirms that (i) she did not take up any position in the Group nor any other directorship in any other publicly listed companies in the past three years; (ii) she does not have any other major appointment and professional qualifications; (iii) she does not have any relationship with any Directors, Supervisors, senior management, substantial or controlling shareholders (as defined in the Listing Rules) of the Company; and (iv) she does not have any interests in the Shares within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, there are no other matters concerning the appointment of Ms. Ling that need to be brought to the attention of the Shareholders and the Stock Exchange, and there are no other matters which shall be disclosed pursuant to Rule 13.51(2)(h) to

(v) of the Listing Rules.

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The resolution in respect of the appointment of Ms. Ling as an executive Director for the third session of the Board will be proposed at the EGM for consideration and approval by the Shareholders. The term of office of Ms. Ling shall commence upon the approval of the appointment by the Shareholders at the EGM and shall terminate upon the expiry of the third session of the Board. The Shareholders will also consider and, if thought appropriate, approve the authority granted to the Board to determine his remuneration at the EGM with reference to his responsibilities, the Company's remuneration policies and the market conditions. In the event that Ms. Ling is appointed as executive Director at the EGM, the Company will enter into a service agreement with Ms. Ling. Ms. Ling will be subject to retirement and re-election in accordance with the Articles of Association upon expiry of his term of office.

1. RESIGNATION AND APPOINTMENT OF CHIEF FINANCIAL CONTROLLER

Mr. Wang Yong ("Mr. Wang"), the chief financial controller of the Company, tendered his resignation as the chief financial controller due to work reasons, with effect from 31 March 2021, and the Company will make other appointments for him. Mr. Wang's decision to resign is not the result of any disagreement regarding the Company's financial reporting or accounting policies, procedures, estimates, or judgments. The Company would like to express sincere gratitude to Mr. Wang for his tremendous contributions to the Company.

Meanwhile, the Board appointed Ms. Ling Hui as the chief financial controller of the Company, with effect from 31 March 2021. Ms. Ling Hui is a proposed executive Director candidate of the third session of the Board. The biographical details of Ms. Ling Hui are disclosed in this announcement.

The Board would like to take this opportunity to welcome Ms. Ling for joining the Company.

(III) EGM

The Company expects to seek the approval of the Shareholders at the EGM for the ordinary resolutions for the proposed appointment of Directors. The voting at the EGM will be conducted by way of poll. A circular containing the proposed appointment of Directors, together with the notice convening the EGM, will be despatched to the Shareholders as applicable in accordance with relevant requirements as set out in the Listing Rules and the Articles of Association.

(IV) DEFINITIONS

Unless the context otherwise requires, the following expressions shall have the following meanings in this announcement:

"Articles of Association"	articles of association of the Company;
"Board" or	the board of Directors of the Company;
"Board of Directors"

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"Company"	Yunnan Water Investment Co., Limited* ( 雲南水務投資
	股份有限公司 ), a joint stock limited liability company
	incorporated in the PRC, the H Shares of which are listed
	on the Main Board of the Stock Exchange;
"Director(s)"	the director(s) of the Company;
"Domestic Share(s)"	the issued ordinary shares at the nominal value of
	RMB1.00 per share in the share capital of the Company
	which are subscribed for or credited as paid up in RMB;
"EGM"	the forthcoming extraordinary general meeting to be held
	by the Company for the purpose of approving, among
	others, the ordinary resolutions regarding proposed
	appointment of Directors;
"Group"	the Company and its subsidiaries;
"H Share(s)"	the overseas listed foreign-invested ordinary shares of the
	Company with a nominal value of RMB1.00 per share in
	the share capital of the Company, which are listed on the
	Main Board of the Stock Exchange (stock code: 6839) and
	subscribed for and traded in Hong Kong dollars;
"Listing Rules"	The Rules Governing the Listing of Securities on the Stock
	Exchange;
"Nomination Committee"	the nomination committee of the Board;
"Compliance Committee"	the compliance committee of the Board;
"PRC"	the People's Republic of China, for the purpose of this
	announcement only, excluding Hong Kong Special
	Administrative Region of the PRC, Macau Special
	Administrative Region of the PRC and Taiwan;
"RMB"	Renminbi, the lawful currency of the PRC;
"Shares"	the Domestic Shares and/or the H Shares;
"Shareholders"	the shareholders of the Company;
"Stock Exchange"	The Stock Exchange of Hong Kong Limited;
"Supervisor(s)"	the supervisor(s) of the Company;

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"Supervisory Committee"	the supervisory committee of the Company; and
"%"	per cent.
	By Order of the Board
	Yunnan Water Investment Co., Limited*
	Li Jialong
	Chairman
Kunming, the PRC
31 March 2021

As at the date of this announcement, the executive directors are Mr. Yu Long (Vice-chairman) and Mr. Yang Fang, the non-executive directors are Mr. Li Jialong (Chairman), Ms. Li Bo, Mr. Dai Richeng and Mr. Chen Yong, and the independent non-executive Directors are Mr. Liu Shuen Kong, Mr. Zhong Wei and Mr. Zhou Beihai.

*  For identification purposes only

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