On June 23, 2022, Sagaliam Acquisition Corp. 's board of directors appointed George Caruolo as the Chairman of the Board (replacing Barry Kostiner). Mr. Kostiner will continue in his roles as a member of the Board and the Company's Chief Executive Officer.

As previously reported in a Form 424B4 filed by the Company on December 22, 2021, Mr. Caruolo joined the Board on December 20, 2021. There is no compensatory plan, contract, or arrangement (whether or not written) entered into between the Company and Mr. Caruolo relating to his appointment as the Board's Chairman. On June 23, 2022, the Board appointed Gabriel Del Virginia as the Company's Secretary (replacing Thomas W. Neukranz).

Mr. Neukranz will continue in his role as the Company's Chief Financial Officer. As previously reported in a Form 424B4 filed by the Company on December 22, 2021, Mr. Del Virginia joined the Board on December 20, 2021. There is no compensatory plan, contract, or arrangement (whether or not written) entered into between the Company and Mr. Del Virginia relating to his appointment as the Company's Secretary.