On January 5, 2021, Mr. Dan Sztybel notified the board of directors of Save Foods, Inc. (the “Company”) regarding his resignation from his position as co-Chief Executive Officer of the Company, effective as of January 11, 2021, to focus his efforts on his position as the Chief Executive Officer of Save Foods Ltd., the Company’s subsidiary. Mr. Sztybel stated that his resignation was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices. Upon Mr. Sztybel’s resignation, Mr. David Palach, the Company’s current co-Chief Executive Officer, shall assume all duties and serve as the sole Chief Executive Officer of the Company. Mr. Palach has served as the Company’s co-Chief Executive Officer since November 5, 2020.