On February 20, 2020, Mr. Amihay Hadad, Chief Financial Officer and a member of the Board of Directors of Viewbix Inc., was appointed by the Board to serve as the Chief Executive Officer of the company effective immediately. Mr. Hadad will serve in such office until his successor is appointed and qualified, or until his earlier death, retirement, resignation or removal. Mr. Hadad was appointed on July 25, 2019 by the Board to serve as the Company's Chief Financial Officer and, thereafter, was appointed as a member of the Board on January 1, 2020. The selection of Mr. Hadad to the office of Chief Executive Officer was not pursuant to any arrangement or understanding with respect to any other person. Furthermore, Mr. Hadad is not receiving any form of compensation for his appointment to and service as the Company's Chief Executive Officer.