Effective December 31, 2023, Lionel Marquis retired as Chief Financial Officer of The Singing Machine Company, Inc. (the ?Company?) . Mr. Marquis? retirement was not the result of any disagreements with the Company regarding any matters related to its operations, policies, practices, or otherwise.

The Board of Directors (the ?Board?) of the Company approved, effective as of January 3, 2024, the appointment of Richard Perez, the current Corporate Controller, as Chief Financial Officer of the Company. Mr. Perez, 53 years old, joined the Company in May of 2023 as Corporate Controller and is a seasoned professional accountant. For the past 28 years Mr. Perez has worked in accounting and operations in various industries, all while achieving positions of increased responsibility.

Culminating with Controller, Director of Accounting, Director of Finance and Chief Financial Officer positions. Mr. Perez previously served as director of accounting for Spring Footwear from September 2022 through March 2023 and prior to Spring Footwear, he served as the chief financial officer of True Grade, LLC from June 2020 through August 2022. Mr. Perez also has a vast amount of experience in the Food & Beverage industry, having worked in the Specialty Seafood & Meat Group for SYSCO corporation as both a Director of Finance as well as Director of Operations from May 2011 through May 2020.

Mr. Perez graduated from Florida Atlantic University with a Bachelor?s Degree in Business Administration with a major in accounting.