RedHill Biopharma Ltd. announced the appointment of Mr. Ofer Tsimchi, an independent director of the Company, as the interim Chairman of the Board of Directors, effective May 5, 2023, until the next annual or extraordinary general meeting of shareholders of the Company. Mr. Ofer Tsimchi will replace Mr. Dror Ben-Asher, whose appointment as Chairman of the Board of Directors was approved by the Company's shareholders on May 4, 2020, for a period of three years. The Israeli Companies Law provides that the engagement of a Chief Executive Officer of an Israeli public company also as its Chairman of the Board of Directors requires shareholder approval, and such approval is effective for a period of up to three years.