Stemcell United Limited announced that Mr. Matthew Leonard will join the Board as an executive director with his role focused on business operations and business development. Matthew is an accomplished business development professional with significant experience working in both Australia and Singapore. Matthew has provided consultancy services to SCU over the past 18 months, and through this role he has developed a strong understanding of SCU's assets and commercial activities throughout Asia and Australia.

Matthew has also been closely involved with the Company's engagement with government bodies such as Invest Victoria and the Western Australian government in relation to the Company's proposed Australian-based seaweed projects. Mr. Francesco Cannavo, who is currently a non-executive director of the Company, will transition to a part-time executive director role to provide further input and direction on the commercial activities of SCU in Australia. Mr. Chow Yee Koh will step down as a director of the Company but shall remain employed in his current position as the Company's CFO.