The board of directors of TechCare Corp. accepted the resignation of Mr. Shlomi Arbel, the chief executive officer of the company and its wholly-owned Israeli subsidiary, Novomic Ltd., effective as of June 4, 2018. In addition, the board of directors of the company resolved to appoint Mr. Zvi Yemini, the chairman of the board of directors of the company, as the chief executive officer of the company and its wholly-owned Israeli subsidiary, Novomic Ltd., instead of Mr. Shlomi Arbel, effective as of June 5, 2018.

Zvi Yemini, serves as the chairman of the board of directors of the company since August 2016. Mr. Yemini served as the company's chief executive officer from October 2016 until August 2017.