The board of directors of Beijing Enterprises Environment Group Limited announced that due to the change in work arrangements, Mr. Ke Jian (?Mr. Ke?) has tendered his resignation as Chairman of the Board and Executive Director of the Company, and ceased to be Chairman of the Nomination Committee and Member of the Remuneration Committee of the Company with effect from 1 February 2024. Mr. Ke and the Board have confirmed that he had no disagreement with the Board, and there is no other matter that needs to be brought to the attention of the shareholders of the Company in respect of his resignation. The Board further announced that: Mr. Chen Xinguo (?Mr. Chen?), existing Executive Director and Chief Executive Officer of the Company, has been appointed as Chairman of the Board, Chairman of the Nomination Committee and Member of the Remuneration Committee of the Company; and Mr. Li Ai (?Mr. Li?) has been appointed as Executive Director and Vice President of the Company, with effect from 1 February 2024.

Mr. Li, aged 44, is a PRC practising lawyer, obtained a bachelor's degree in law in the PRC in 2001 and a master's degree in law from the Faculty of Law of the University of Wollongong, Australia in 2008. Prior to joining the Company, Mr. Li worked in the State-owned Assets Supervision and Administration Commission of the Beijing Municipal People's Government from 2009 to 2017, and successively served as the Vice President and General Manager of the Western Region of Beijing Enterprises Water Group Limited from 2017 to 2023. Mr. Li has extensive experience in the development of state-owned enterprises, corporate operations, risk management, etc.

With effect from 1 February 2024, Mr. Chen assumes the positions of Chairman of the Board and Chief Executive Officer. This arrangement deviates from code provision C.2.1 as set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ?Listing Rules?) which recommends that the roles of chairman and chief executive should be separate and should not be performed by the same individual. However, the Board considers that such arrangement can bring benefits to the Company's business development and management at present, and will not impair the balance of power and authority between the Board and the management of the Company.