Dotz Nano Limited advised that Mr. Gideon Shmuel has agreed to step down from his role as CEO, effective 30 September 2022. From 6 April 2022, Mr. Shmuel will no longer be involved in the day to day running of the company but will assist in a smooth transition to new leadership. The Board of Dotz will assist CFO, Mr. Guy Khavia in managing the business while a search for a new CEO is undertaken.

Australian-based Independent Director Mr. Garry Browne AM will continue to spend time in Israel during this interim period with fellow Board members Ms. Kerry Harpaz and Mr. Doron Eldar also spending time in Israel to assist Mr. Khavia in running Dotz. The Board members have spent significant time over the last month in Israel supporting the team. The Board has commenced the search for a new CEO with strong sales and marketing experience and a proven track record scaling technology businesses to profitability.