The Board of Taizhou Water Group Co., Ltd. has resolved to submit to the Shareholders for their consideration and approval a profit distribution plan for the year ended December 31, 2021. The Board proposed the payment of a final dividend of RMB 0.17 (tax inclusive) per Share for the year ended December 31, 2021 to Shareholders. Based on the Company's total number of Shares in issue as at the Latest Practicable Date, the total dividend to be paid to the Shareholders amounts to RMB 34 million.

If such proposal is approved at the AGM, the Proposed Final Dividend will be distributed to Shareholders whose names appear on the register of members of the Company on Sunday, 10 July 2022. Pursuant to the requirements under the Articles of Association, dividend shall be denominated and declared in RMB. Dividend for Domestic Shares will be paid in RMB, while dividend for H Shares will be paid in HKD.

The Proposed Final Dividend will be paid to holders of Domestic Shares in RMB and to holders of H Shares in HKD as converted based on the average closing rate for converting RMB into HKD of the five business days prior to the date on which the Proposed Final Dividend is declared at the AGM as quoted by the People's Bank of China. The Proposed Final Dividend is subject to the approval of Shareholders at the AGM and, upon approval at the AGM, is expected to be distributed on or before Friday, 23 September 2022.