On December 5, 2018, at the Chinook Tyee Industry Limited Annual General and Special Meeting, Messrs. Dr. Stefan Feuerstein and Mr. Claudio Morandi were each elected for the first time to the Company's Board. Mr. Tom Kusumoto did not stand for re-election to the Board.

Mr. Tom Kusumoto resigned from his positions as Chairman of the Board, and as President and Chief Executive Officer of the Company, effective December 5, 2018. The Board appointed Dr. Stefan Feuerstein as President of the Company and Mr. Alex Blodgett as Chief Executive Officer of the Company, effective December 5, 2018.