The Board of Directors of Darco Water Technologies Limited refers to the announcements made by the Company on: 28 June 2023 pursuant to Listing Rule 704(7)(a) containing the information contained in Appendix 7.4.2 of the Listing Rules in relation to, inter alia, Ms. Ong Joo Mien Joanna's cessation as an Independent Non- Executive Director of the Company with effect from 1 July 2023. From 18 July 2023 pursuant to Listing Rule 704(7)(a) containing the information contained in Appendix 7.4.1 of the Listing Rules in relation to, inter alia, Mr. Lai Hock Meng's appointment as an Independent Non-Executive Director of the Company with effect from 18 July 2023. Following the aforesaid cessation and appointment, the composition of the Board and the Board Committees with effect from 18 July 2023 shall be as follows: Board of Directors: Mr. Wang Zhi, Executive Director and Executive Chairman; Dr Zhang Zhenpeng, Executive Director and Chief Executive Officer; Mr. Zhao Yong Chang, Executive Director and Chief Operating Officer; Mr. Sim Guan Seng, Lead Independent Director; Ms. Gn Jong Yuh Gwendolyn, Independent Non-Executive Director; Mr. Wang Yingyang, Independent Non-Executive Director; and Mr. Lai Hock Meng, Independent Non-Executive Director.

Audit Committee: Mr. Sim Guan Seng, Chairman; Ms Gn Jong Yuh Gwendolyn, Member; Mr. Wang Yingyang, Member; and Mr. Lai Hock Meng, Member. Nominating Committee: Mr. Wang Yingyang, Chairman; Mr. Sim Guan Seng, Member; Ms Gn Jong Yuh Gwendolyn, Member; Mr. Wang Zhi, Member; and Mr. Lai Hock Meng, Member. Remuneration Committee: Ms. Gn Jong Yuh Gwendolyn, Chairman; Mr. Sim Guan Seng, Member; Mr. Wang Yingyang, Member; and Mr. Lai Hock Meng, Member.

Investment Committee: Dr. Zhang Zhenpeng, Chairman; Mr. Zhao Yong Chang, Member; and Mr. Peter, Tian Ye, Member.