Verde Agritech Plc announced that Cristiano Veloso has been appointed as Chairman of the Board of Directors (the “Board”) and that Michael St Aldwyn has been appointed as Lead Independent Director of the Board. Mr. Veloso, Verde’s Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five independent directors and Mr. Veloso as sole executive director. The position of Chairman had been vacant since December 2013. Appointment of Lead Independent Director: Michael St Aldwyn was unanimously elected by all other four independent directors to serve as Lead Independent Director. He was selected based on the exceptional breadth of his professional and corporate governance experience, as well as his strong connections in global investment markets and his long success record in Latin America and Brazil. Mr. St Aldwyn has served as a Director on Verde’s Board since 2018. As Lead Independent Director, Mr. St Aldwyn will assume the duties and responsibilities of that position, appraising the performance of the Board Chair, serving as an intermediary between the Chair, the Board and Verde's stakeholders. The Company announced that the Board has updated the composition of the Audit, Compensation, and Corporate Governance and Nominating committees that, in observing the best practices of corporate governance, are solely comprised of independent directors. The following independent directors have been appointed to the respective Board Committees: Audit Committee: Renato Gomes (Chairman); Getúlio Fonseca; and Michael St Aldwyn. Compensation Committee: Getúlio Fonseca (Chairman); Renato Gomes; Michael St Aldwyn. Corporate Governance and Nominating Committee: Michael St Aldwyn (Chairman); Renato Gomes; Paulo Sérgio Machado.