On October 1, 2020, the board of directors of Newgioco Group, Inc. accepted the resignation of Richard Cooper as a director and appointed Philippe Blanc to serve as a member of the Board and fill the vacancy created by Mr. Cooper’s resignation. The appointment of Mr. Blanc, which is effective immediately, means that the size of the Board will remain at five members. Mr. Blanc will serve on the audit committee and his term as a director will continue until such time as his successor is duly elected and qualified, or until his earlier resignation or removal. Mr. Cooper’s resignation was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.