The Board of Directors of the Eastside Distilling, Inc. accepted the resignation of Mr. Joseph Giansante from the Board, effective August 11, 2023. The Board appointed Mr. Geoffrey Gwin to serve as a member of the Board beginning August 11, 2023 and until his successor is duly elected and qualifies or until his earlier death, resignation, or removal. Information concerning Mr. Gwin follows.

Geoffrey Gwin was appointed as the Company?s Chief Executive Officer on February 1, 2022 and Chief Financial Officer as of June 15, 2020. Mr. Gwin previously served as a member of the Board of Directors from August 2019 through June 2020. Mr. Gwin formed Group G Capital Partners, LLC in 2003 and has continuously managed its related strategies as its Chief Investment Officer.

From June 2018 until February 2020, Mr. Gwin was a Member of Quad Capital Management Advisors, LLC and the Managing Member of Group G Capital Partners, LLC. Mr. Gwin is a Board Observer of SMArtX Advisory Solutions, Inc., a private company offering technology solutions to wealth advisors, RIA?s and other financial services firms. Mr. Gwin has held positions at Symphony Asset Management, BHF-BANK Aktiengesellschaft, and Citibank, Inc. over the last two decades. Mr. Gwin holds a Bachelor of Science in Business from Wake Forest University and is a Chartered Financial Analyst.