Beijing Enterprises Water Group Limited (BEWG) has unveiled a major leadership reshuffle designed to support its long-term strategy.

Zhou Min, 62, will step down as Chief Executive Officer and assume the role of Vice Chairman of the Board on 27 March 2026. Zhou has served as BEWG’s CEO since March 2016 and has been an executive director since 2008. He remains chairman of Beijing Enterprises Urban Resources Group (BEURG). Zhou personally holds 60.17 million BEWG shares and, through Tenson Investment Ltd. and Star Colour Investments Ltd., controls an additional 310.79 million shares, bringing his total direct and deemed interest in BEWG to 370.96 million shares. He is also deemed interested in 2.44 billion BEURG shares, representing about 68.60% of that company’s issued share capital, under an acting-in-concert agreement. Zhou’s director’s fee is HKD0.24 million per annum, with further remuneration subject to Board review.

Succeeding Zhou, Wang Zhupin, 51, currently Senior Vice President and rotating Chief Operating Officer, will become Chief Executive Officer on 27 March 2026. Wang, a senior engineer with a doctorate in Hydraulic Structure Engineering, joined BEWG in September 2021 and brings extensive operational experience from both public-sector water management and private-sector engineering roles. She directly owns 81,111 BEWG shares and has a family interest in 34,000 shares. Her current annual basic salary is RMB0.86 million, with total compensation to be set by the Board.

Following the changes, BEWG’s Board will comprise seven executive directors, one non-executive director and five independent non-executive directors. The Board expressed appreciation for Zhou’s stewardship as CEO and welcomed Wang to her new role.