• Araxi will move Michael Pimstein from executive chairman to non-executive chairman effective July 31, 2026.
• Pimstein will step back from executive management duties, retire as an employee, stay on to provide board-level strategic oversight.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Araxi Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S523962), on July 13, 2026, and is solely responsible for the information contained therein.