Tingo Group has appointed Dozy Mmobuosi and Kenneth Denos each as interim co-Chief Executive Officers. Mr. Mercer has led the company through numerous key developments and milestones in its recent history, including its transformational acquisitions of Tingo Mobile Limited and Tingo Foods Plc, as well as a rigorous investigation and response to allegations made by short seller Hindenburg Research (the Investigation). As the company announced on May 10, 2022, Mr. Mercer planned to step down as Chief Executive following the merger of MICT and Tingo, Inc. under the original merger transaction.

As the founder and visionary of both Tingo Foods plc (Tingo Foods) and Tingo Mobile Limited (Tingo Mobile), which has become one of Africa's leading agri-fintech companies over the past 23 years, Mr. Mmobuosi is uniquely positioned to lead the Company, develop it further and provide continuity, while the Company completes a global search for a permanent world-class Chief Executive Officer, who has relevant expertise and experience. Mr. Denos has served as a director of Tingo since its acquisition of Tingo Mobile in November 2022, and an executive of Tingo Mobile's prior parent company, Agri Fintech Holdings, Inc. (formerly known as Tingo, Inc.). Since August 2021.

He also brings decades of experience with U.S. public companies and associated governance, reporting, communication, and compliance requirements.