On March 1, 2019, Mr. Lip-Bu Tan, a member of the Board of Directors of Aquantia Corp. notified the Board of his intention to resign from the Board and each committee of the Board on which he serves, effective as of the date of the Company’s next annual shareholders’ meeting, due to his commitment as the Chief Executive Officer of Cadence Design Systems. Immediately following Mr. Tan’s resignation, the Board intends to reduce the size of the Board from eight to seven members.