Cuentas Inc. announced that in accordance with the terms of his Employment Agreement dated November 28, 2018, as amended on August 5, 2021 (the ?Employment Agreement?), the Company notified Ran Daniel, its Chief Financial Officer since 2018, that the Employment Agreement would not be renewed. Mr. Daniel?s employment with the Company will continue until November 27, 2023, the end of the term of his Employment Agreement. On October 11, 2023, the Board of Directors of the Company, based upon the recommendation of its Audit Committee, appointed Shlomo Zakai as the Company?s Chief Financial Officer.

Mr. Zakai will succeed Ran Daniel. Mr. Zakai, age 53, is the Manager of Shlomo Zakai CFO accounting firm. Since May 2020, he has been Chief Financial Officer of UAS Drone Corp.

(OTC: USDR). From August 2017 to December 2021, Mr. Zakai was Chief Financial Officer of Save Foods Inc. From October 2014 to August 2020, he was Chief Financial Officer of Sonovia Ltd. (a former OTC company). From January 2012 to May 2016, Mr. Zakai was Chief Financial Officer of Bluesphere Inc. (a former OTC company).

Mr. Zakai worked as an accountant at Kost, Forer, Gabbay & Kasierer, an independent registered public accounting firm and a member firm of Ernst & Young Global, for nine years, where he last served as a Senior Manager and worked with technology companies publicly traded on the Nasdaq Stock Market and on the Tel Aviv Stock Exchange. Mr. Zakai holds a B.A. in accounting from the College of Management in Rishon Le?Zion, Israel.