Kaival Brands Innovations Group, Inc. announced that on February 20, 2024, Thomas Metzler, the Secretary of the Company, provided written notice to the Company?s Board of his resignation, effectively immediately. On February 22, 2024, Barry M. Hopkins, the President, and Director of the Company, provided written notice to the Company?s Board of Directors of his resignation, effectively immediately. On February 22, 2024, Stephen Sheriff, the Chief Operating Officer of the Company, provided written notice to the Company?s Board of his resignation, effectively immediately.

On February 22, 2024, Roger Brooks, a Director of the Company, provided written notice to the Company?s Board of his resignation, effectively immediately. On February 26, 2024, George Chuang, a Director of the Company, provided written notice to the Company?s Board of his resignation, effectively immediately. On February 23, 2024, the Board appointed Eric Mosser, a current Senior Advisor to the Company and the Chief Executive Officer of Kaival International Brands, LLC, a wholly owned subsidiary of the Company, as the Company?s President, to serve in such capacity until a successor is duly appointed and approved by the Board.