On December 23, 2022, Healthcare Triangle, Inc. received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date (the Resignation Letters). The Company accepted Mr. Mathiesen’s, Mr. Leo’s and Ms. Bjornstad’s resignations upon receipt of the Resignation Letters. At the time of his resignation, Mr. Mathiesen was a member the Audit Committee, of which he was the Chairman, and the Compensation Committee of the Board.

At the time of his resignation, Mr. Leo was a member the Nominating and Corporate Governance Committee, of which he was the Chairman, the Audit Committee and the Compensation Committee of the Board. At the time of her resignation, Ms. Bjornstad was a member the Audit Committee and the Nominating and Corporate Governance Committee of the Board. Consequently, at a meeting of the Board of Directors of Healthcare Triangle, Inc. on December 23, 2022, the Board unanimously voted to suspend Mr. Venkatachari from his roles as the Company’s Chairman of the Board.