Cingulate Inc. has announced the appointment of Zhanpeng "Frederick" Jiang to its Board of Directors, effective immediately following stockholder approval of the Issuance Proposal on March 27, 2026. Jiang will serve as a Class I director until the Company’s 2028 Annual Meeting of Stockholders, or until his successor is duly elected and qualified. This appointment is part of a broader strategy to enhance the governance and operational oversight of the company. Jiang will also join the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, which are crucial for maintaining the integrity and performance of the board. The board has determined that Jiang meets the independence criteria set forth by the Nasdaq Stock Market LLC. As part of his compensation, Jiang will receive an option to purchase 15,000 shares of the company’s common stock, with a per-share exercise price equal to the last reported sale price on the date of grant. This option will vest over a year in two equal installments, contingent upon his continued service on the board. Additionally, Jiang will receive annual cash retainers for his service on the board and various committees, totaling $40,000 per year, along with additional compensation for his roles in the committees. This strategic move is expected to strengthen Cingulate's governance framework and enhance its operational execution moving forward.

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