On February 14, 2024, Snowball Compounding Ltd. and Mithaq Capital delivered a letter to the board of directors of The Children's Place, Inc., having also submitted to the Company on February 10, 2024, a notice of nomination of 11 new candidates for election to the board of directors of the Company. Snowball Compounding Ltd. and Mithaq Capital added that in the interests of all of the Company?s stakeholders, they would like to meet with the Company?s board as soon as possible so that they can discuss an orderly transition of the governance of the Company, as well as the provision of financing to assist the Company with its liquidity needs. Snowball Compounding Ltd. and Mithaq Capital also stated that they look forward to the Company?s prompt reply.