SavorEat Ltd.

Business and Financial Review • Aug 7, 2025

This is an English translation of the Company's immediate report in Hebrew that was published on August 6, 2025 [Reference no.: 2025-01-058492 (the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding effect. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

סבוריט בע"מ SAVOREAT LTD. (the "Company")

August 6, 2025

To To www.isa.gov.il www.tase.co.il Dear Sir / Madam,

The Israeli Securities Authority The Tel Aviv Stock Exchange Ltd.

Re: Immediate Report

The Company wishes to update that, beginning in early August and as of the date of this report, its management has been intensifying its internal restructuring plans, pursuant to a resolution of the Company's Board of Directors.1 The objective is twofold: on the one hand, to maximize the commercial potential of its advanced, groundbreaking "Robot-Chef" technology (including version 2.0, intended for commercialization) (the "Technology" or the "Robot-Chef", as applicable); and on the other hand, to enable management to allocate resources and establish mechanisms necessary to concurrently explore additional business opportunities that are, or may become, available to the Company, as detailed below (the "Resolution"). According to the Company's management, despite the clear advantages of the "Robot-Chef" Technology and its readiness for commercial marketing, the business development and large-scale commercial deployment processes - particularly in the US market (and potentially other markets) - require additional marketing and financial resources that exceed the Company's current limited means as of this report date. Concurrently, in management's assessment, various global capital market trends alongside local market conditions in Israel, have led (and continue to lead) to significant challenges in raising through the Company's public platform on the local stock exchange (the TASE) the appropriate and necessary capital, in management's view. This remains the case despite ongoing efforts by the Company's management to pursue this avenue.

In light of the foregoing, and in order to preserve the Company's proprietary Technology and

¹ For details regarding previous decisions of the Company, see the immediate reports filed by the Company with the MAGNA on May 5, 2025 [Reference No. 2025-01-031475], and on December 18, 2022, Reference No. 2022-01-105523], which are hereby incorporated by reference.

support efforts to realize its commercial value using the Company's current resources, the Company has resolved, as part of the Resolution, to implement the following additional efficiency measures:

• 1. Significant downsizing of the Company's workforce, retaining only a minimal core team focused on the following objectives:
  2. 1.1. Continuing marketing efforts for the Robot-Chef, within the constraints of the reduced team, along select existing business channels, in an effort to secure commercial engagements and/or meaningful sales/leasing agreements that would allow the continuation of its operational activity.
  3. 1.2. Seeking to merge or sale of the Company's operations and/or its Technology or achieving a strategic commercialization transaction and/or investment in the Technology or operations, at the highest possible value for the benefit of the Company's shareholders, in a manner that enables long-term continuation of operations and preserves commercial capabilities.
  4. 1.3. Ongoing management of the Company's existing tasks and obligations, with a focus on selecting significant and defined avenues only.
• 1. Major reduction in the Company's monthly expenditure through implementation of the above-mentioned steps.
• 1. In parallel, the Company's Board of Directors led by the Company's management and/or the Company's unified committee (as applicable) - will begin evaluating the integration of additional business activities aimed at enhancing shareholder value.

About SavorEat

SavorEat Ltd. is developing a robotic platform, known as 'Robot-Chef', that allows for the preparation of various types of food products, with the aim of providing a unique and multi-application technological solution to all parties operating in the field of catering services and institutional kitchens, and to create a disruptive impact on this industry.

About the Robot-Chef 2.0

The 'Robot-Chef' is a robotic culinary platform, designed for use on standard work surfaces. It features advanced digital manufacturing capabilities for the preparation of customized food products (cooking and grilling, and integrated 3D food printing technologies). Each Robot-Chef unit enables the on-demand production of a variety of food products, at the point of service, in a uniform, consistent, and immediate manner, without the need for human intervention. The AI-powered, cloudconnected Model 2.0 of the Robot-Chef has been specifically developed for large-scale commercial deployment in the US market.

Forward-looking Statements Cautionary Clause –- The Company's information and assessments as stated above, in connection with the possible implications and effects of the Resolution in the near future, including regarding the possibility of selling its business and activity and/or entering into an investment transaction and/or commercialization of the Technology and/or integrating additional activities, the ability to achieve the business, operational and/or budgetary goals

pursuant to the Resolution, the benefits and implications of the Resolution on the Company's activities and business development, the ability and/or success to continue the Company's core activities in the near future, the ability to continue to support existing collaborations and/or create new ones, obtaining additional or new sources of financing, commercializing the Technology in the manner and at the times necessary for the Company to continue its activities in the aforementioned format (and/or at all), including forecasts, dates, assessments and/or plans of the Company in connection with them, are "forward-looking information", as defined in the Securities Law, which involves high uncertainty, and is based, among other things, on third parties and many variables over which the Company does not necessarily have control, and therefore may That such information and estimates will not be realized and/or will not be realized in full and/or will be realized in a manner that is materially different from what was initially estimated or expected. Among the factors that may cause the Company's information and estimates regarding such information to not be realized in the desired manner are, inter alia, (continued) unexpected deterioration in the local and/or global market situation (and/or continuation of the trend over a longer period of time than expected), lack of consent from existing and/or new partners to enter into additional and/or new agreements (respectively), failure to obtain regulatory approvals from entities and/or third parties required for the commercial production of the Robot-Chef and the commercialization of the Technology, failure to obtain the financing required for the continued advancement of the development and marketing of the Technology on the required date and to the required extent and/or the Company's activities in general (even in a limited format as stated), and the (continued) materialization of any risk factors as detailed in Section 1.33 of the Annual Report.2

Respectfully,

SavorEat Ltd.

Approved for reporting on behalf of the Company by: Ms. Racheli Vizman, CEO and Director Mr. Yossi Hatan, CFO

² See the Company's periodic report (in Hebrew) for the year 2024, filed with the MAGNA on March 27, 2025 [reference number 2025-01-021086] (the "Annual Report"), which is hereby incorporated by reference.