On August 15, 2019, Mr. Bill Williams resigned from his position as Chairman of the Board and Chief Executive Officer of NaturalShrimp Incorporated, effective August 31, 2019. Mr. Williams's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On August 13, 2019, the Board of Directors named Gerald Easterling to fulfill the role as Chief Executive Officer the Company effective upon Mr. Williams' resignation.

There is no arrangement or understanding pursuant to which Mr. Easterling was appointed as Chief Executive Officer of the Company. Mr. Easterling has no family relationships with any other executive officers or directors of the Company, or persons nominated or chosen by the Company to become directors or executive officers.