ScoutCam Inc. announced on May 15, 2022, the Board of Directors of the Company established audit and compensation committees, adopted charters for each committee and appointed Zeev Vurembrand, Inbal Kreiss and Lior Amit to serve as members of each committee. Committee members will receive a fee in the amount of $2,000 per quarter for each committee on which they serve in addition to any other fees to which such director is entitled as a member of the Board or any other committee. Mr. Vurembrand and Ms. Kreiss will serve as chairpersons of the audit and compensation committees, respectively.