On January 4, 2023, Timothy Sikora notified NextPlay Technologies, Inc. of his resignation as the Company's Chief Information Officer, effective December 30, 2022. Mr. Sikora tendered his resignation in connection with the pending separation of NextTrip Group, LLC, a subsidiary of the Company, from the Company, as previously disclosed in that Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on June 29, 2022. Mr. Sikora's resignation is not the result of any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices.