On April 21, 2023, Trans-Lux Corporation accepted the resignation of Yang Liu from the position of Director. Mr. Liu's departure was not the result of any disagreement related to any matter involving the Company's operations, policies or practices. On April 21, 2023, the company announced the appointments of Marco Elser and Jie Feng as Directors.

Neither Mr. Elser or Mr. Feng is a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K except with respect to (i) Mr. Elser, his position as investment manager under which he exercises voting and dispositive power at Carlisle Investments Inc, with whom the Company owes $1.0 million of loans and $630,000 of accrued interest, and (ii) Mr. Feng, his employment with Unilumin. There are no arrangements or understandings between Messrs. Elser and Feng and any other person pursuant to which such individuals were selected as a director.

Messrs. Elser and Feng will be entitled to the compensation the Company offers its other non-employee directors from time to time, including any annual retainers and equity compensation.