On March 8, 2021, KULR Technology Group, Inc., a Delaware corporation (the “Company”), announced the appointment by the Company’s Board of Directors (the “Board”) of Keith Cochran as President and Chief Operating Officer (“COO”) of the Company, to hold office until the earlier of the expiration of the term of office, a successor is duly elected and qualified, or the earlier of such officer’s death, resignation, disqualification, or removal.

Mr. Cochran, 55, has significant experience in mass scale manufacturing and operations. Prior to joining the Company, first as a consultant in January 2021 and, effective as of March 1, 2021 as President and COO, Mr. Cochran spent twenty-four years in various management roles at Jabil Greenpoint (NYSE: JBL) and most recently as Senior Vice President of its Global Business Unit in Singapore, where he led a smartphone technology division responsible for $3.7 billion in revenues. Mr. Cochran is based in the United States and has vast international experience working with partners in Singapore, India, Brazil, Mexico, China, France, Hungary and other countries. Mr. Cochran has a Bachelor of Science in Business Operations from Devry Institute of Technology.

No arrangement or understanding exists between Mr. Cochran and any other persons pursuant to which he was appointed to the management of the Company. Mr. Cochran has not engaged in any transaction, since January 1, 2020, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest.