On December 22, 2023, Jamie Khurshid tendered his resignation as a member of the board of directors (the ?Board?) of Tingo Group, Inc. (the ?Company?), effective immediately. Having only been appointed to the Company?s Board on September 18, 2023, Mr. Khurshid resigned pending the defense of the complaint made by the SEC on December 18, 2023. Also on December 22, 2023, C. Derek Campbell tendered his resignation as a member of the Board of the Company, effective immediately.

Having only been appointed to the Company?s Board on October 2, 2023, Mr. Campbell, based upon his long-standing other professional commitments, was advised to step down from the Company?s Board pending the defense of the complaint made by the SEC on December 18, 2023.