The Singing Machine Company, Inc. announced effective as of August 10, 2021, and in connection with the transactions set forth in the Redemption Agreement and Purchase Agreement, Phillip Lau, Peter Hon, and Yat Tung Lau (each a 'Director' and together, the 'Directors') resigned from the Board of Directors of the Company. The Directors’ resignations are not a result of a disagreement on any matter relating to the Company. Effective August 11, 2021, following the opening of newly created vacancies on the Board, the Company announced the appointment of Mr. Gary Atkinson, current Chief Executive Officer of the Company, to the Board until the next annual meeting, or until his successor is elected and qualified, or until his resignation or removal.