01:57:01 EDT Sat 12 Jul 2025
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Hapbee Technologies Inc
Symbol HAPB
Shares Issued 210,629,083
Close 2025-07-10 C$ 0.095
Market Cap C$ 20,009,763
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Hapbee reviews changes to board

2025-07-11 16:44 ET - News Release

Mr. Yona Shtern reports

JAYLEN BROWN, ABDULLA AL ZAIN & AHSAN ASHRAF JOIN BOARD TO DRIVE INNOVATION & GLOBAL EXPANSION; RIZ SHAH NAMED CHAIRMAN

Hapbee Technologies Inc. has provided an update to its press releases dated June 27, 2025, and Sept. 26, 2024, that it has completed the transformative changes to its board of directors which it began at its last AGM (annual general meeting) on June 12, 2024, marking a decisive next step in its growth road map.

Strategic board appointments

  • Jaylen Brown, NBA All-Star, director and chief innovation officer at Hapbee since June 12, 2024, brings his championship mind set to advancing mental wellness solutions and guiding product designs that reflect athlete-level performance insights.
  • Abdulla Al Zain, chairman/managing director of Infinity Capital, was appointed on Sept. 26, 2024, and provides deep expertise in sovereign and institutional partnerships, supporting Hapbee's market entry in the Middle East and Asia.
  • Ahsan Ashraf, newly appointed chief technology officer and board member, delivers seasoned leadership in AI, R&D (research and development), and tech-scale execution -- key to enhancing Hapbee's next-gen product road map.
  • Kenny Adessky, corporate secretary, general counsel and newly appointed director, adds legal rigor and oversight aligned with public company governance standards.
  • Rachid Lassal, CPA, newly appointed director and a finance and advisory specialist in retail strengthens board-level financial strategy.

These appointments complement prior directors Michael Matysik, Charles McNerney, Chris Rivera and Yona Shtern (chief executive officer) to form a board united to expand Hapbee's impact.

Added Yona Shtern, CEO of Hapbee: "With this depth of experience across sectors and geographies, our board will guide Hapbee as it enters its most exciting growth phase yet."

Leadership update: Riz Shah as board chairman

Stepping into the chairman of the board role is Rizwan "Riz" Shah, Hapbee's chief commercial officer. Mr. Shah brings over 25 years of experience leading growth, turnaround and transformation strategies across global markets. A seasoned adviser to investors, high-growth companies and governments, Mr. Shah was a partner at three global professional services firms specializing in navigating complexity with clarity and purpose. As CCO, he oversees the company's go-to-market strategy, strategic partnerships, and commercial execution and performance. His work reflects a commitment to building enduring value -- through both business performance and broader impact in society.

"This board now spans innovation, legal, finance, global strategy and commercialization," said Mr. Shah. "After achieving two back to back quarters of significant growth and a significant reduction in our operating expenditures, we are excited for all our shareholders as we continue to accelerate Hapbee's product evolution and scale its reach from retail to international markets."

About Hapbee Technologies Inc.

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of blends and routines utilizes patented ultralow radio frequency energy (ulRFE), designed to help optimize users' sleep, productivity, recovery and downtime. Hapbee devices and subscriptions are available for purchase at the Hapbee website and through a growing network of select distributors.

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