On August 20, 2018, Ms. Hannah Feuer, a member of OWC Pharmaceutical Research Corp.’s board of directors and Chairperson of the company’s audit committee, resigned as director and Chairperson of the audit committee, effective immediately. Ms. Feuer stated she was resigning all board of directors and committee memberships on which she currently serves as a condition of acceptance related to her expected appointment to a banking corporation. Ms. Feuer’s resignation is not the result of any disagreement with the policies, practices or procedures of the company.