April 19, 2020, Keith M. Locker, Director of LMP Automotive Holdings, Inc. notified the Company that he will resign from the Company's Board of Directors effective April 19, 2020. Mr. Locker's resignation is not the result of a dispute or disagreement with the Company. Concurrently with Mr. Locker's resignation from the Board, the Company appointed Robert J. Morris, Jr., a current Director, to fill the vacancy on the Audit Committee.

The Board has determined that Mr. Morris meets the independence standards adopted by the Board in compliance with the Nasdaq Capital Market's corporate governance listing standards and Item 407(a) of Regulation S-K. On April 19, 2020, the Company terminated the employment of Bryan Silverstein, its Chief Financial Officer. The Company has initiated a search for a replacement Chief Financial Officer. Until a replacement is appointed, the Company's Chief Executive Officer, Sam Tawfik, will serve as interim Chief Financial Officer.