On and effective February 21, 2023, Eric Rosenfeld notified CPI Aerostructures, Inc. (the “Company”), that he was retiring from his position as a Class II director and resigned from the Company's board of directors. Mr. Rosenfeld was a member of the Company's compensation and human resources, nominating and corporate governance, and strategic planning committees. Mr. Rosenfeld's resignation is not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.