The Board of Funtastic Limited announced that its Chief Executive Officer, Mr. David Jackson, has resigned and will leave the Company during the first quarter of Financial Year 2021. The previously announced restructuring of the business and reduction in cost base has largely been completed and the Company is now well positioned to focus on key product ranges that have growth potential. As such, the business is a smaller, less complex, enterprise that no longer requires the services of a CEO of David's experience and gravitas. David recognises this fact and has graciously resigned to pursue other interests. Following David's departure, the current CFO, Mr. Howard Abbey, will be appointed to the role of interim CEO, also maintaining his current responsibilities while the Board review the strategic options going forward.