Tenet Fintech Group Inc. announced the results of the special meeting of shareholders held October 26, 2023 (the "Meeting"). At the Meeting, shareholders approved the increase of the size of the Board of Directors to five, and elected Yves C. Renaud and Sanjay Sharma to the Board. Mayco Quiroz, who was elected to the Board of Directors of the Company on June 27, 2023, resigned his position effective as of the close of the Meeting and was appointed to the position of Chief Operating Officer of the Company.

Mr. Quiroz is a Chartered Professional Accountant (CPA) specializing in strategic and operations management, legal and financial compliance, treasury management and financing. He brings close to 25 years of professional experience, including 15 years working with Fintech companies, to Tenet's executive and leadership team. Mr. Quiroz is expected to work in close collaboration with Tenet CEO Johnson Joseph and Tenet Chief Analytics Officer Dr. Luis Rocha on the development and commercialization of the Company's data-driven products through Tenet's Tenoris3 subsidiary.

Tenet's Board of Directors is now comprised of three independent directors, namely Jean Leblond, Yves C. Renaud and Sanjay Sharma, and two non-independent directors in CEO Johnson Joseph and Liang Qiu who serves as CEO of Tenet's Chinese operations.