The board (the "Board") of directors (the "Directors") of China Everbright Water Limited (the "Company", together with its subsidiaries, the "Group") announced that due to changes in work arrangements, Mr. Luo Junling ("Mr. Luo") will resign as an executive Director and a member of the Strategy Committee and the Alternate Authorised Representative to Mr. Luan Zusheng with effect from 18 March 2024. The Board announced that Mr. Wang Yuexing ("Mr. Wang") will be appointed as an executive Director and a member of the Strategy Committee and the Alternate Authorised Representative to Mr. Luan Zusheng with effect from 18 March 2024. Mr. Wang, aged 54, has extensive experience in engineering construction and operations management.

Mr. Wang is currently the Vice President of the Company, and is also a director and/or the general manager of several subsidiaries of the Company, including but not limited to Everbright Water (Ji'nan) Limited and Everbright Water (Ji'nan Licheng) Limited. Mr. Wang was formerly the Deputy General Manager of Everbright Environmental Protection Technological Development (Beijing) Limited and Everbright Environmental Protection Engineering (Shenzhen) Limited, and the Plant Manager of Ji'nan Waste Water Treatment Project (Plant 1). Mr. Wang joined the Group in February 2016.

Mr. Wang holds a Master's degree in Environmental Engineering from Tsinghua University, a Master of Business Administration degree from Shandong University and a Bachelor's degree in Civil Engineering from South China University of Technology. Mr. Wang also holds the titles of Certified Cost Engineer and Certified Senior Engineer in China.