On March 26, 2024, Vision Marine Technologies Inc. announced that Mario Saucier resigned as a member of Board of Directors and from Nominating and Corporate Governance Committee thereunder. His departure is not the result of any disagreement with the Company on any matter relating to the company's operations, policies, or practices. On April 2, 2024, Carter Murray resigned as a member of Board of Directors and from the Compensation Committee and Nominating and Corporate Governance Committee thereunder.

His departure is not the result of any disagreement with the Company on any matter relating to the company's operations, policies, or practices. As evidenced by the recent appointment of Anthony Cassella from Marine Max to Board of Directors, the Company is focused on recruiting members of the Board from the boating or electric vehicle industry. The company is currently recruiting a new Chairman with specific industry experience that can help guide the Company to the next phase of commercialization and growth.