On April 10, 2024, Neonode Inc. announced the Company and its President, Dr. Urban Forssell, mutually agreed that Dr. Forssell will step down as President effective immediately. Dr. Forssell will serve as a strategic advisor to the Company and the Board of Directors until the end of 2024. Mr. Forssell?s resignation occurred as part of the Company?s growth strategy and is not related to any disagreement with the Company on any matter relating to the Company?s operations, policies or practices.

In connection with the departure of Dr. Forssell, the Board appointed the Company?s Chief Financial Officer, Fredrik Nihlén, as the Company?s Interim President effective immediately.