SmartKem, Inc. has increased the size of its Board from four directors to five and has appointed Sriram Peruvemba, age 58, to serve as a Class II director. Prior to his appointment, Mr. Peruvemba served as a consultant to the Company and received payment of $65,000 since January 1, 2023. On February 23, 2021, he was granted options to purchase 66,029 shares of the Company's common stock with an exercise price of $2.00 per share. The consulting agreement was terminated prior to Mr. Peruvemba's appointment to the Board.