On March 10, 2020, Jeffrey T. Perez notified AquaBounty Technologies, Inc. of his intention to not stand for re-election as a director at the company’s annual meeting of stockholders to be held on April 28, 2020. Mr. Perez, who serves as Senior Vice President, Intellectual Property Affairs of Precigen, Inc., has decided not to stand for re-election as Precigen, Inc. no longer holds any shares of the Company’s common stock and he has served on the Company’s board of directors for less than a year. His decision is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.