Darco Water Technologies Limited announced that the Board of Directors, having considered the qualifications and working experience of Dr. Zhang Zhenpeng, is of the view that he has the requisite experience and capabilities to assume the responsibilities as Chief Executive Officer of the Company. Accordingly, the Board of Directors has approved the appointment of Dr. Zhang Zhenpeng as Chief Executive Officer of the Company. Role And Responsibilities: Executive - Dr. Zhang Zhenpeng shall be responsible for the general management, overall strategic planning, new business development and regional expansion of the Group.

Job Title: Executive Director and Chief Executive Officer. Working Experience: Tianjin Ruiyuan Business Management Partnership Enterprise (LLP), China, 2021.05-2022.09 CEO Beijing Enterprises Clean Energy Group (BECE), China, 2016.05-2021.05 President Assistant BEWG International Pte. Ltd. (BEWG International), Singapore, 2014.05-2016.05 Managing Director Beijing Enterprises Water Group (BEWG), Overseas Business Unit, China, 2008.09-2014.05 Vice/General Manager.

Director Experience Details: Dr. Zhang will be attending courses and trainings in respect of roles and responsibilities of a Director of a listed company. Professional Qualifications: Ph.D. Nanyang Technological University. Following the aforesaid appointment, the composition of the Board and the Board Committees with effect from 2 November 2022 shall be as follows: Mr. Sim Guan Seng: Lead Independent Director, 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, Ms Ong Joo Mien Joanna: Independent Non-Executive Director, Ms Ong Joo Mien Joanna: Independent Non-Executive Director, Ms Gn Jong Yuh Gwendolyn: Independent Non-Executive Director,Mr Wang Yingyang: Independent Non-Executive Director.

Audit Committee: Mr. Sim Guan Seng: Chairman, Ms Ong Joo Mien Joanna: Member, Ms Gn Jong Yuh Gwendolyn: Member, Mr. Wang Yingyang: Member. Nominating Committee: Ms Gn Jong Yuh Gwendolyn: Chairman, Mr. Sim Guan Seng: Member, Ms Ong Joo Mien Joanna: Member, Mr. Wang Yingyang: Member. Remuneration Committee: Ms Ong Joo Mien Joanna: Chairman, Ms Gn Jong Yuh Gwendolyn: Member, Mr. Sim Guan Seng: Member, Mr. Wang Yingyang: Member.