09:01 AM EDT, 09/15/2025 (MT Newswires) -- Hapbee Technologies ( HAPBF ) , a digital wellness company, over the weekend said its chairman of the Board, Riz Shah, will assume the role of interim chief executive officer.

Yona Shtern will step down from the role of CEO and as a director of the company.

The company also said it appointed Krishna Subramanian as chief financial officer, succeeding the current CFO Mitch Kujavsky who will be stepping down.

Subramanian has over 30 years of experience in strategic and operational finance, global fund raising, financial controls and governance across FMCG, tech and real estate sectors.

The company also provided an update on its shares-for-debt settlement regarding an aggregate debt of $235,954.48, as previously announced in June. The company said it is proceeding with settling a portion of the aggregate debt in the amount of $112,500 pursuant to a shares-for-debt settlement with one of its consultants by issuing a total of 1.25 million shares of the company at a deemed price of $0.09 per share.

The balance of the aggregate debt will remain outstanding and the completion of the shares-for-debt settlement is subject to receipt of all necessary TSX Venture Exchange approvals.