China Water Affairs Group Limited announced that Mr. Makoto Inoue resigned as non-executive director due to his other business commitments. And appointed Mr. Li Hao as non-executive director of the Company. Both effective June 28, 2024.

Mr. Li Hao, aged 42, holds a Bachelor degree from Dalian University of Technology and a Master of Business Administration degree in Finance from Waseda University, Japan. Mr. Li has been with ORIX Corporation ("ORIX", a substantial shareholder of the Company) since October 2007. He is currently the executive officer (responsible for Greater China Group) and general manager of Greater China Group at ORIX, a diversified financial services company and whose shares are listed on both Tokyo Stock Exchange and New York Stock Exchange.

Mr. Li also serves as the director and president of each of ORIX (China) Investment Company Limited and ORIX Asia Capital Limited, both of which are wholly-owned subsidiaries of ORIX, and the director and the chief executive officer of ORIX China Industrial Holdings Limited, which is an affiliate of ORIX. He is also a non-executive director of Beijing Energy International Holding Co. Ltd., a non-executive director and the vice chairman of the board of directors of Shoucheng Holdings Limited (stock code: 697), whose shares are both listed on the Stock Exchange.

He was a non-executive director, resigned on 3 July 2023 of Haichang Ocean Park Holdings Ltd., a company listed on the Stock Exchange. Save as disclosed, Mr. Li did not hold any directorship in any public listed companies in the last three years.