Procaps Group, S.A. announced resignation of Mr. Alejandro Weinstein from the board of directors, Effective August 29, 2023 . Mr. Weinstein decided to resign based on disagreements with the Board regarding the strategic priorities and direction of the Company. Alberto Eguiguren Correa, who was originally appointed to the Board pursuant to the nomination rights of Hoche Partners Pharma Holding S.A. (of which Mr. Weinstein is the sole beneficial owner), shall continue his service on the Board.

The Company is considering and evaluating potential candidates for a successor to Mr. Weinstein.