On August 3, 2022, JDS1, LLC announced that it withdrew its nominations of Shelly C. Lombard, Matthew Stecker, and Igor Volshteyn for election to the Board at Catalyst Biosciences, Inc.'s annual meeting and its non-binding business proposal requesting that the Board take action to declassify the Board. In connection therewith, JDS1 added that JDS1 and the other reporting persons have terminated their solicitation of proxies to elect Shelly C. Lombard, Matthew Stecker, and Igor Volshteyn to the Board at the annual meeting. JDS1 also stated that its withdrawal of its director nominations and non-binding business proposal, and the reporting persons' termination of their solicitation of proxies at the annual meeting, is not pursuant to any agreement, arrangement, or understanding with the Company or any other person.