Taizhou Water Group Co., Ltd. announces that Mr. Wang Haibo ("Mr. Wang") has tendered his resignation as non-executive Director of the Company and member of the strategy committee
of the Company (the "Strategy Committee") on 8 May 2023 due to retirement. The resignation of Mr. Wang will take effect immediately. Mr. Wang has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") and The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board has confirmed that there are no matters concerning the resignation of Mr. Wang that need to be brought to the attention of the Shareholders.