Vection Technologies Limited announced that Mr. Gabriele Sorrento, a Non-Executive Director, has resigned from his position by mutual agreement with the Board, effective 30 June 2023. Mr. Sorrento has been an integral part of the Company's journey since April 2020, playing a pivotal role in
establishing and overseeing the Company's operations in the United States. Following his resignation, Mr. Sorrento will transition to the Company's Advisory Board, where he will continue to serve and contribute to the growth of the Company. In his new capacity, he will focus on further expanding
the Company's partnerships and leveraging his extensive experience to drive the Company's strategic partner initiatives in the US. This decision aligns with the Company's ongoing evolution and its commitment to enhancing the diversity and independence of the Board. Over the next six months, the Company plans to appoint additional independent directors to its Board as part of its organic growth strategy. The Board will ensure a smooth transition and
maintains its commitment to strong corporate governance.