Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Michael Lazar

On April 26, 2024, Mr. Michael Lazar resigned from his positions as a director of the board of directors (the "Board") of the Company, including from his committee positions on the Audit Committee, Compensation Committee, and the Nominating Committee, effective immediately. Mr. Lazard's resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices.

Appointment of Qi Gong

On April 26, 2024, the Board appointed Ms. Qi Gong as a director of the Board, including committee positions on the Audit Committee, the Compensation Committee, and the Nominating Committee, effective immediately.

Ms. Qi Gong does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.