On December 20, 2019, Consolidated Water Co. Ltd. notified The NASDAQ Stock Market LLC that the company determined that one of the members of the Audit Committee of the Company's Board of Directors, Linda Beidler-D'Aguilar, did not meet the independence criteria for audit committee members as set forth in Rule 10A-3(b)(1) promulgated under the Securities Exchange Act of 1934, as amended, as a result of the payment of fees unrelated to her responsibilities as a director or committee member. From May 22, 2019 through December 19, 2019, Consolidated Water (Bahamas) Ltd. paid Glinton Sweeting O'Brien at which Ms. Beidler-D'Aguilar is a partner, a total of $16,852, consisting of $12,500 in fees, $2,776 in expense reimbursement and $1,576 in value-added tax. In order to address this issue, Ms. Beidler-D'Aguilar resigned from the Committee effective December 19, 2019.