General Assembly Holdings Limited announced the following leadership changes: Hormis Tharakan, Chief Operating Officer will be leaving the Company to pursue other opportunities effective September 16, 2022. The Company thanks Mr. Tharakan for his contributions. Ali Khan Lalani, founder and current Chief Executive Officer has transitioned from CEO into the role of President of the Company, effective September 15, 2022.

He will apply his talents to the Company's day-to-day operations, taking on many of Mr. Tharakan's responsibilities. Mr. Lalani will maintain his directorship on the Board of Directors of the Company (the “Board”). The Board thanks Mr. Lalani for his leadership as CEO in growing GA Pizza from a concept to an established CPG brand sold in 500 retail locations across Canada.

The Board looks forward to his continued contributions during the next phase of GA Pizza's growth.