In connection with certain cost reduction measures that Viewbix Inc. (the 'Company') is currently exploring, on January 1, 2020, Mr. Jonathan Stefansky, the Chief Executive Officer of the company and a member of the board of directors of the company (the 'Board'), tendered his resignation from the Board. On the same date, the company and Mr. Stefansky reached a mutual understanding that Mr. Stefansky will step down as the company's Chief Executive Officer, which will enter into effect on March 1, 2020. The company and Mr. Hillel Scheinfeld, the company's Chief Operating Officer, reached a similar mutual understanding and agreed Mr. Scheinfeld will step down as the company's Chief Operating Officer, which also will enter into effect on March 1, 2020.