On May 24, 2022, IIN Holding Company LLC completed the previously announced acquisition of Intricon Corporation (the “ Company” or “ Intricon”), pursuant to an Agreement and Plan of Merger, dated as of February 27, 2022 by and among the Company, Parent and IC Merger Sub Inc., a Pennsylvania corporation and a wholly owned subsidiary of the Parent. Pursuant to the Merger Agreement, at the Effective Time, each of the following members of the board of directors of Intricon (the “ Board”) automatically ceased to be directors of Intricon: Nicholas A. Giordano, Mark S. Gorder, Raymond O. Huggenberger, Scott Longval, Kathleen P. Pepski, Heather D. Rider and Philip I. Smith. The officers of Intricon as of immediately prior to the Effective Time continued as the officers of the Surviving Corporation until their successors are duly appointed.

In accordance with the terms of the Merger Agreement, the directors of Merger Sub immediately prior to the Effective Time, which consisted of George Aitken-Davies and Jim O'Brien, became the directors of Intricon immediately after the Effective Time.