On December 15, 2022, Kim Le, a member of the Board of Directors of GSI Technology, Inc. (the “Corporation”) and the Chair of the Audit Committee thereof, resigned from the Board of Directors and the Audit Committee for personal reasons. Ms. Le did not advise the Corporation of any disagreement with the Company on any matter relating to its operations, policies or practices. Following Ms. Le's resignation, Jack Bradley, another member of the Audit Committee and the Lead Director, was elected Chair of the Audit Committee and director Elizabeth Cholawsky joined the Audit Committee.

Additionally, Barbara Nelson was elected to replace Mr. Bradley as the Chair of the Nominating and Corporate Governance Committee.