The board of directors of Luzhou Xinglu Water (Group) Co., Ltd. announced that Mr. Liao Xingyue has tendered his resignation as an executive Director of the Company due to the change in work arrangement; Mr. Chen Bing has tendered his resignation as a non-executive Director of the Company due to his decision to devote more time to his other business commitments, and ceased to serve as a member of the strategy committee of the Board of the Company; and Mr. Yu Long has tendered his resignation as a non-executive Director of the Company due to the change in work arrangement, and ceased to serve as a member of the nomination and remuneration committee of the Board of the Company. The Resignation of Directors will take effect on the date when the Proposed Appointment of Directors is approved at the extraordinary general meeting to be convened by the Company. Upon their resignation, Mr. Liao, Mr. Chen Bing and Mr. Yu will cease to hold any positions in the Group.

Each of Mr. Liao, Mr. Chen Bing and Mr. Yu has confirmed that he has no disagreement with the Board and that no matters concerning his resignation need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.