The board of directors of Taizhou Water Group Co., Ltd. announced that Mr. Zhang Junzhou has tendered his resignation as the vice chairman of the Board, the executive Director, the general manager of the Company, and the member of each of the remuneration committee of the Board and strategy committee of the Board due to change of personal job assignment. The resignation of Mr. Zhang as general manager of the Company will take effect from 25 January 2022 and the resignation of Mr. Zhang as the executive Director, the vice Chairman and the member of each of the Remuneration Committee and Strategy Committee will take effect from the date of the general meeting to be held by the Company to approve the appointment of Mr. Pan Gang as an executive Director. The Board announced that Mr. Pan, the deputy general manager of the Company, has been appointed in replacement of Mr. Zhang as the general manager of the Company with effect from 25 January 2022 and the Board has also proposed to elect Mr. Pan as an executive Director for a term commencing from the date of the General Meeting until the expiration of the term of the fifth session of the Board, and if his appointment is approved by the Shareholders at the General Meeting, he will replace Mr. Zhang as vice Chairman and a
member of each of the Remuneration Committee and the Strategy Committee.