Reference is made to the announcement of Tibet Water Resources Ltd. dated 31 May 2022 in relation to, among other things, the retirement of Mr. DAI Yang, an independent non-executive director of the Company, upon the conclusion of the Company's annual general meeting to be held on Thursday, 30 June 2022 at 11:00 a.m. Unless the context requires otherwise, terms defined in the Announcement shall have the same meaning when used in this
announcement. The Board hereby announced that Mr. TANG Zeping, an independent non-executive Director, will also retire from office upon the conclusion of the AGM and that he would not offer himself for re-election at the AGM. Accordingly, Mr. TANG will retire as independent non-executive Director upon conclusion of the AGM. It came to the notice of the Company that the Lhasa Municipal People's Procuratorate had indicted Mr. TANG on charges of corruption and accepting bribes at the Lhasa Municipal Intermediate People's Court. The allegations against Mr. TANG are not related to the performance of his duties to the Group. The Group does not expect such allegations to have any adverse impact on the operation and financial position of the Group. Following the abovementioned retirement, Mr. TANG will also cease to be a member of each of the audit committee, nomination committee and remuneration committee of the Company. Mr. TANG will not offer himself for re-election at the AGM.