On September 13, 2022, the Board of Directors (the “Board”) of NextPlat Corp. (the “Company”) unanimously voted to increase the size of the Board from eight to nine directors, and to appoint Ms. Cristina Fernandez to fill the newly created Board position, to serve until her successor shall have been duly elected and qualified or until her earlier resignation or removal. Ms. Fernandez has extensive experience in achieving growth with new technologies, and motivating teams and customers in challenging business environments.

She also has extensive international experience leading global and regional teams in the US, Latin America and Asia. Prior to joining us, Ms. Fernandez served as the Executive Vice President and Chief Operating Officer of eApeiron Solutions. Before that, Ms. Fernandez served as the Global Vice President/General Manager of Xerox Corporation's Continuous Feed Inkjet Business.

In addition, the Board approved a rotation in the membership of the Company's audit committee, compensation committee and nominating committee. The membership of each such committee is now as follows: Audit Committee: Rodney Barreto (Committee Chair), Cristina Fernandez, and Lou Cusimano. Compensation Committee: Hector Delgado (Committee Chair), Lou Cusimano, and John Miller.

Nominating Committee: Cristina Fernandez (Committee Chair), Lou Cusimano and Rodney Barreto.