• Outgoing directors successfully accomplished key objectives
• Board refreshment to focus on industry expertise and guidance
• Continuity ensured with promotions of key executives

Visionflex Group Limited (ASX:VFX), a leader in virtual healthcare solutions, is pleased to announce a significant restructuring of its Board of Directors, aimed at positioning the company for continued success and growth. This restructure will become effective on 1st March 2025. The three outgoing directors, Chris Whitehead, John Nantes, and Geoff Neate, have successfully accomplished their objectives, including restructuring the company, capitalizing it, assembling an improved management team, reducing debt, and enhancing the governance structure. The Board has unanimously agreed that going forward, the Board requires more intensive industry focus and guidance. Brook Adcock, the second-largest shareholder and DFA holder, will remain on the Board and assume the role of Interim Chairman. To ensure continuity and effective oversight, Josh Mundey will be promoted to Managing Director and join the Board, while Michael Kafrouni (Chief Operating Officer) will be promoted to Executive Director. The Board, now consisting of three members, will actively search for an independent director to align with the company's needs. The company believes these changes will focus the Board on its business opportunity and leverage the governance improvements of the last two years, driving the company towards profitability.