Effective immediately, Mr. David Rothschild, the current Chief Executive Officer, will step back from his role as CEO and director of the Woodbois Ltd. but will continue to provide advisory support to the Company, when requested, for the coming few months. Mr. Guido Theuns, currently serving as the Executive Chair of Woodbois Ltd, is appointed as CEO with immediate effect. Woodbois Ltd. is integrating the roles of CEO and Executive Chair as part of a broader restructuring strategy.

This adjustment aims to foster a more cohesive leadership approach, thereby enhancing decision-making processes and improving operational efficiency.