Tibet Water Resources Ltd. announced that Dr. ZHANG Chunlong has been appointed as an independent non-executive Director, the chairman of the Board, 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 8 July 2022. Dr. Zhang, aged 58, obtained a bachelor's degree in mechanical engineering from Dalian University in 1986, a master's degree in business administration from Hong Kong Baptist University in 2002 and a doctoral degree in enterprise management from Dalian University of Technology in 2017. Dr. Zhang successively worked in the Dalian representative office of Standard Chartered Bank, China Railway Construction Investment Company and CITIC Shenzhen (Group) Company and has held various senior management positions, with more than 35 years of working experience in financial institution and state-owned enterprise.
Dr. Zhang is also a member of the Hong Kong Institute of Bankers and a Certified Credit Risk Management Professional registered with the Hong Kong Institute of Bankers. Ms. LIN Ting has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee, Remuneration Committee and the risk management committee of the Company with effect from 8 July 2022. Ms. Lin, aged 52, obtained a bachelor's degree in industrial enterprise management from Shanghai University of Engineering Science in 1992 and a master's degree in technology management in information technology from The Hong Kong University of Science and Technology in 2004.
Ms. Lin was qualified as a project management professional by the Project Management Institute in 2014 and was awarded the qualification certificate of board secretary by the Shanghai Stock Exchange in 2017. From March 2009 to April 2013, Ms. Lin successively served as the deputy general manager of the business development department and the general manager of the information department of China Cargo Airlines Co. Ltd., and the general manager of the information department of Eastern Air Logistics Co.
Ltd. From April 2013 to January 2015, she was the general manager of logistics product department of the information solutions department of China Eastern Airlines Co. Ltd. Ms. Lin was an independent non-executive director of Hang Tai Yue Group Holdings Limited from December 2015 to June 2016 and a director of Shanghai Changxin Technology Corp. Ltd. company whose shares are quoted on the National Equities Exchange and Quotations from March to August 2017.
She has been an executive director of Finsoft Financial Investment Holdings Limited (a company listed on GEM of the Stock Exchange since June 2016 and an independent non-executive director of UJU Holding Limited (a company listed on the Main Board of the Stock Exchange) since October 2021. Following the above-mentioned appointment of independent non-executive Directors and changes in composition of Board committees: (i) the Board includes three independent non-executive Directors in compliance with Rule 3.10(1) of the Listing Rules and the independent non-executive Directors represent one-third of the Board in compliance with Rule 3.10A of the Listing Rules; (ii) the Audit Committee comprises three members in compliance with Rule 3.21 of the Listing Rules; (iii) the Remuneration Committee is chaired by an independent non-executive Director in compliance with Rule 3.25 of the Listing Rules; and (iv) the Remuneration Committee and Nomination Committee comprise a majority of independent non-executive Directors in compliance with Rules 3.25 and 3.27A of the Listing Rules respectively.