As part of its ongoing review and implementation of management succession planning, the Board of Directors of Ambarella, Inc. (the Company") has approved the promotion of two members of the Company's senior management team effective September 1, 2021. Chan W. Lee as Chief Operating Officer. Mr. Lee, a member of the Company's founding team, has served as Vice President, VLSI since February 2004. Chi-Hong (John) Ju as Sr. Vice President, Systems. Mr. Ju, also a member of the Company's founding team, has served as Vice President, Software since February 2004.