On March 12, 2018, Bio-En Holdings Corp. announced that Serena Potash, Geoffrey Maclean and Joseph Micallef submitted to the company resignation letters pursuant to which they resigned from their positions as officers and member of the Board of Directors of the company. Potash’s, Mr. Maclaren’s and Mr. Micallef’s resignations were not a result of any disagreements relating to the company’s operations, policies or practices. On March 12, 2018, the Board of Directors of the company appointed Baruch Adika to serve as the President and a member of the Board; and Shlomi Shany to serve as Executive Vice-President and a member of the Board and, contemporaneously, accepted the resignations of Ms. Potash, Mr. Maclaren and Mr. Micallef. Baruch Adika with an extensive track record of effective and multifaceted turnaround strategies for globally recognized brands, is currently the President and Chief Executive Officer of W. Showroom Inc., Sourcing Society Inc. and Brand Defender Inc. Shlomi Shany has been active in the Israeli stock market for over 20 years as a financial advisor and consultant in the field of mergers and acquisitions, specializing in merging private companies into public companies. Shany also heads an investors group focusing on start-up companies in the technology and medical field, including Safe-T Group Ltd.