On December 26, 2022, Sandra Orihuela tendered her resignation as a member of the board of directors (the âBoardâ) of Cuentas Inc. (the âCompanyâ) which would also include her not being a Director effective after the Companyâs 2022 Annual Meeting (the â2022 Annual Meetingâ). Ms. Orihuelaâs resignation was not in connection with any disagreements with the Company. On December 30, 2022, the Board appointed Ms. Lexi Terrero as director to the Board.
Ms. Terrero qualifies as âindependentâ under Nasdaq Stock Market rules.