Safe and Green Development Corporation announced on May 20, 2024, the company?s board of directors (the board) determined that it was in the best interests of the company to reconstitute the board such that each class of the board consists, as nearly as possible, of one-third of the total number of directors. For that purpose, the board accepted the resignation of Christopher Melton as a Class III director and appointed Mr. Melton as a Class I director to hold office until the 2024 Annual Meeting of Stockholders (the 2024 Annual Meeting) and until his successor is duly elected and qualified, or until his earlier death, resignation or removal. In addition, the board nominated Mr. Melton to stand for re-election at the 2024 Annual Meeting as a Class I director.

Following this reconstitution of the Board, the Board consists of three Class I directors, two Class II directors and three Class III directors. Mr. Melton will continue to serve on the Company?s Audit Committee, where he serves as Chairman, and on the Company?s Nominating and Governance Committee.