On July 12, 2022, Mr. Ryo Shirai resigned as the Next Meats Holdings, Inc.'s Chairman of the Board of Directors and as a Director. Mr. Shirai's resignations are a result of personal health issues. The Company does not have any current plans to replace any other individual in the capacities in which Mr. Ryo Shirai was previously serving as Chairman of the Board of Directors/Director.

Effective upon Mr. Ryo Shirai's resignations, the Company's Board of Directors is decreasing from a total of three members to two members. It should also be noted that on June 30, 2022, Ryo Shirai resigned from all of his positions with the Company's wholly owned subsidiary, Next Meats Co. Ltd.