Nuheara Limited announce key executive appointments and associated restructure of its senior executive team. These changes cement the Company's transformation over the past two years into a medical device manufacturer of world-first US FDA-cleared Over The Counter (OTC) Hearing Aids. A key part of this transformation has been the cornerstone investment by Realtek, now Nuheara's largest shareholder.

Underpinning this investment is Nuheara's technology and product development leadership position in the global hearing industry. The OTC hearing market, currently in the US, is rapidly evolving into a global market, with several companies considering how best they can navigate the complex product development and FDA and other regulatory pathways to market. As a result, new and exciting potential revenue streams with Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) are emerging from the Realtek partnership and Nuheara's unique ability to deliver turnkey hearing technology solutions.

Nuheara is currently progressing multiple commercial discussions with OEMs and ODMs. In response, Nuheara has made key Executive appointments while also restructuring its senior executive team, to optimize its ability to capitalize on these opportunities. Key members of the restructured team are outlined below: The following appointments have been made to Nuheara's senior executive team: Christophe Chene as SVP Strategic Growth based in Taiwan. Christophe had been contracting to the Company since CES in January 2023 and has 30-years' experience in driving large OEM/ODM deals in the semi-conductor industry and brings a wealth of knowledge and contacts to spearhead Nuheara's business to business initiatives.

The Company also plans to strengthen its medical device compliance and regulatory capabilities, currently undertaking a search process for a Head of Compliance, Regulatory and Legal. The following executive reassignments have been undertaken: Dr Alan Davis, formerly Chief Product officer (CPO) has been appointed Chief Technology Officer (CTO), a role more fitting of the technology expertise he and his team provides across both retail and strategic opportunities. Nick O'Loughlin, formerly Chief Innovation Officer (CIO) has been appointed Chief Operations Officer (COO).

Nick's prior knowledge of new products and offshore manufacturing with SharkNinja provides the business with the necessary experience for scale up. Tony Sulsona, VP Sales and Marketing based in the US, will continue to manage the sales and marketing initiatives for HP Hearing PRO OTC Hearing Aids as Nuheara further builds out its retailer partner network in the US.