On April 6, 2023, Anthony Hsieh announced that he has entered into settlement and cooperation agreement with the loanDepot Inc, in consideration of the premises and mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged intending to be legally bound, hereby agree to withdraw the nomination of Steven A Ozonian to the Company board and the Company agreed to increase the size of the board from 8 to 9 directors and appoint the new independent director to the board as a Class II director.