On February 3, 2023, Juan Ignacio Biehl, Executive Vice President and Chief Technology Officer of PriceSmart, Inc. informed the Company's Interim Chief Executive Officer that he plans to resign to pursue other opportunities. The Company and Mr. Biehl have not set a last day of employment for Mr. Biehl, and the Company intends to work with Mr. Biehl on transition matters in the meantime.