On September 12, 2018, Telenav, Inc. (the “Company”) announced that Michael W. Strambi will resign from his position as Chief Financial Officer of the Company, effective January 2, 2019 (the “Scheduled Date”). Mr. Strambi will continue to serve as the Company’s Chief Financial Officer until the Scheduled Date, or if earlier, the actual date of Mr. Strambi’s termination as an employee of the Company (the “Termination Date”) (such period of time, the “Transition Period”).