The board of directors of Tibet Water Resources Ltd. announced that Ms. HAN Linyou ("Ms. HAN"), due to personal and health reasons, has resigned as an executive Director and Chairwoman of the Risk Management Committee of the Company, with effect from 11 November 2019. The Board further announced that with effect from 11 November 2019, the composition of the Risk Management Committee of the Company has been changed as follows: (a) Ms. HAN ceased to be the chairwoman; and (b) Mr. YUE Zhiqiang has been appointed as the chairman. Mr. YUE Zhiqiang ("Mr. YUE"), aged 54, is an executive Director of the Company and was appointed to the Board on 1 March 2011. Mr. YUE has over 30 years of experience in mechanical engineering and manufacturing plant operation, and is the chairman of a major subsidiary company of the Company, Tibet Glacier Mineral Water Co. Ltd.