The board of directors of Tibet Water Resources Ltd. announced that Mr. LEE Conway Kong Wai (Mr. Lee) has tendered his resignation as an independent non-executive Director with effect from the date of the expiry of his current letter of appointment on 29 February 2020. Following his resignation, Mr. Lee also ceased to be the chairman of the remuneration committee of the Company and a member of each of the audit committee and nomination committee of the Company with effect from 29 February 2020. Mr. Lee has confirmed that there is no disagreement between him and the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The company announced that Mr. TANG Zeping (Mr. Tang) has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee with effect from 2 March 2020.