MeaTech 3D Ltd. announced the following changes to its executive management team and Board of Directors: Mr. Sharon Fima announced that, in light of the Company's current stage of development, he intends to step down from the positions of Chief Executive Officer. Mr. Fima intends to continue supporting the Company as a founding member of the Company's scientific advisory board. MeaTech's Board of Directors appointed Mr. Arik Kaufman to the position of Chief Executive Officer, effective upon Mr. Fima's departure.

Mr. Kaufman, 41, has founded various Nasdaq- and TASE-traded foodtech companies, and currently serves as director of Wilk Technologies Ltd. He is also a founding partner of the BlueSoundWaves collective, led by Ashton Kutcher Guy Oseary and Effie Epstein, which recently partnered with MeaTech to accelerate the Company's growth. Mr. Kaufman holds extensive personal experience in the fields of food-tech and bio-tech law, and has led and managed numerous complex commercial negotiations, as part of local and international fundraising, M&A transactions and licensing agreements.