The Board of Directors of QANTM Intellectual Property confirmed that Mr. Craig Dower has commenced as the new Chief Executive Officer of QANTM, succeeding Mr. Leon Allen. Mr. Dower's appointment was the subject of a previous announcement on 1 October 2019. Mr. Allen's tenure as Chief Executive Officer and Managing Director has ceased on 13 January 2020.

Mr. Allen will continue to provide services to QANTM on transition matters and ongoing initiatives, and will be joining the QANTM Board as a non-executive director in mid-2020. Mr. Dower will be appointed to the QANTM Board as Managing Director at an upcoming Board meeting.