AERWINS Technologies Inc. (the “Company”), on May 15, 2023, appointed Kiran Sidhu as a member of the Company's Board of Directors (the “Board”) and as Chairman of the Board. Also as reported in the May 198-K, Mike Sayama and Marehiko Yamada resigned as members of the Board, effective May 18, 2023 and May 15, 2023, respectively. Also as previously disclosed in the Current Report on Form 8-K filed on May 26, 2023 by the Company, on May 22, 2023, the Board appointed Katie Field and Pavan Gill as independent members of the Board.On May 31, 2023, the Board appointed members of its committees as follows: Audit Committee: Kiran Sidhu (Chair), Katie Field and Pavan Gill.

Compensation Committee: Katie Field (Chair), Kiran Sidhu and Pavan Gill. Nominating and ESG Committee: Pavan Gill (Chair), Kiran Sidhu and Katie Field.