On September 30, 2026, Mr. Virgilio D. Torres and the Board of Directors (the "Board") of TEN Holdings, Inc. (the "Company) mutually agreed Mr. Torres would step down as Chief Financial Officer, principal financial officer and principal accounting officer of the Company, effective immediately, in order to focus on his responsibilities as Chief Executive Officer of the Company. Mr. Torres’ resignation was not due to any disagreement with the Company, its management, or the Board on any matter relating to the Company’s operations, policies or practices.

 

Appointment of Interim Chief Financial Officer

 

On September 30, 2026, the Board appointed Mr. Ian Lawson, a Managing Director at Everest Advisors LLC ("Everest"), to serve as Interim Chief Financial Officer of the Company, effective immediately. Mr. Lawson will also serve as the Company’s principal financial officer and principal accounting officer.