The board of directors of Tibet Water Resources Ltd. announced that Mr. FU Lin has tendered his notice of resignation as an executive director and chief executive officer of the Company with effect from 18 August 2017, due to his other personal commitments. Mr. FU has also resigned as the chairman of the risk management committee and member of the remuneration committee and nomination committee of the Board. The Board further announced that with effect from 18 August 2017, Mr. WANG Dong, an existing executive director of the Company, has been appointed as the chief executive officer of the Company and member of the remuneration committee and nomination committee of the Board.

Also, Ms. HAN Linyou, an existing executive director of the Company, has been appointed as the chairlady of the risk management committee of the Board. In September 2016, Mr. WANG was appointed as the director and chief executive officer of Xinjiang Tianshan Industrial Investment Fund Management Co. Ltd.