On June 12, 2018, Vivian Liu, the Chief Operating Officer, Corporate Secretary and a director of Cesca Therapeutics Inc. notified the Company that she has decided to resign from the company’s Board of Directors effective upon the expiration of her director term on June 22, 2018. As a result, Ms. Liu will not accept reelection as a director at the Company’s Annual Meeting of Stockholders to be held on June 22, 2018. Ms. Liu will continue to serve as the Chief Operating Officer and Corporate Secretary for the Company and as a director and executive officer of the Company’s majority-owned ThermoGenesis Corp. subsidiary. As a result of Ms. Liu’s resignation as director, it is anticipated that the Company’s Board of Directors will vote on June 22, 2018 to decrease the size of the Board of Directors from 6 members to 5 members.