The Character Group plc announces that it has been informed by Michael Hyde that he will be stepping down from his Executive role as Managing Director of the Group's Far East operations on 31 December 2022 to pursue other challenges. Whilst Michael will be relinquishing his executive duties within the Group, he will remain on the Character Board and become a Non-Executive Director from 1 January 2023. The Company is also pleased to announce that, with effect from 5 July 2022,Anthony Woodwill be joining the Company as General Manager of its Far East Operations.

Anthony has a degree in Manufacturing Engineering Technology and has worked in the manufacturing and logistics chain management industry since 2009, including over four years managing manufacturing facilities in China. He is also proficient in Mandarin Chinese, knowledgeable in Chinese business practices and nuances and has the experience and expertise to implement and further develop the Group's strategy in sourcing, product development, Quality Assurance & Quality Control and direct shipping functions. Michael will be working closely with Anthony over the next few months, to ensure an orderly transition of responsibilities and understanding of the Group's business.