MICT, Inc. Announces Board Appointments

Tingo Group, Inc. is a holding company. The Company is engaged in conducting the financial technology business, Agri-fintech and the food business through its subsidiaries. The Company’s Verticals and Technology segment is engaged in the insurance brokerage business. The Company’s Online Stock Trading segment operates the business of online stock trading, located mainly in Hong Kong and Singapore. Its Comprehensive Platform Service segment includes the operations of Tingo Mobile. Its Food Processing segment includes the operations of Tingo Foods. Tingo Foods has outsourced its processing activities to third-party food processing plants in Nigeria, for which Tingo Foods arranges the supply of raw crops, as well as the customers for the finished processed foods. Its Export and Commodity Trading segment deals in the export and trade of agricultural commodities and processed foods on a global basis, and is operated through Tingo DMCC, which operates from the Dubai Multi Commodity Centre.