Item 5.02. Departure of Directors or certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 13, 2023, the Board of Directors of Novelstem International Corp. (the "Company") appointed Mr. Jan Loeb as President and Ms. Christine Jenkins as Vice President of the Company. Mr. Loeb has served as Chairman of the Company's Board of Directors since July 2018 and as Executive Chairman since September 2022. Ms. Jenkins has served as the Company's Chief Financial Officer and Secretary since September 2022.

There are no arrangements or understandings with Mr. Loeb or Ms. Jenkins and any other person pursuant to which he or she was appointed to their respective positions. There are no family relationships between either Mr. Loeb or Ms. Jenkins and any director or executive officer of the Company, and, except as disclose herein, neither Mr. Loeb nor Ms. Jenkins is a party to a related party transaction within the meaning of Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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