On November 29, 2023, the board of directors of ContextLogic Inc. appointed Rishi Bajaj to the Board, effective immediately. Mr. Bajaj will serve as a Class II director of the Company until his successor is duly elected and qualified. Further, the Board appointed Mr. Bajaj to serve on the Compensation Committee of the Board (the ?Compensation Committee?).

The Board determined that Mr. Bajaj is independent under the listing standards of the Nasdaq Stock Market. Rishi Bajaj is currently the President and Chief Investment Officer of the Investment Manager for Altai Capital and is responsible for the management and operation of its investment management business. Prior to founding Altai Capital in 2009, Mr. Bajaj held positions at Silver Point Capital and Gleacher Partners.

Mr. Bajaj previously served on the boards of MobileIron, including as a member of the strategy committee from April 2020 to December 2020 and ServiceSource, including as a member of the compensation committee from November 2014 to May 2016. Mr. Bajaj graduated from The Wharton School at the University of Pennsylvania in 2001 with a B.S. degree in Economics with concentrations in Finance and Statistics.