On March 4, 2024, The Children?s Place Inc announced that entered into letter agreement with Mithaq Capital SPC and have mutually agreed to the terms contained in this Letter Agreement, under the letter agreement the Company board has appointed Turki Saleh A. AlRajhi, Muhammad Asif Seemab, Muhammad Umair and Hussan Arshad to serve as directors of the Company. In addition, the Company stated that it has resolved that, (A) until the Final Board Reconstitution Time, the size of the Board shall remain at 10 and (B) with effect as of the Final Board Reconstitution Time, the size of the Board shall be reduced to 6.