On August 26, 2019, Shlomi Shany resigned as a member of the board of directors of Bio-En Holdings Corp. and as an Executive Vice President of the Company. Mr. Shany’s resignation was not in connection with any known disagreement with the Company on any matter. On August 26, 2019, the board of directors of the Company appointed Alon Shany to the board to fill the vacancy created by Shlomi Shany’s resignation. Alon Shany was also appointed as an Executive Vice President of the Company. Alon Shany, age 26, has been a broker with IBI Investment House, Tel Aviv, Israel, since March 2018, and has served as a member of the board of directors of Kaman Capital Limited since January 2018.