• Appointment of Ms Merrill Gray as Managing Director and Chief Executive Officer
• Completion of annual staff performance review process
• Issue of approximately 22,150,000 ordinary shares valued at A$316,000 to eligible employees under the STIP

AnteoTech Ltd (ASX:ADO) announced the appointment of Ms Merrill Gray as Managing Director and Chief Executive Officer (MD & CEO) effective from 19 August 2025. Ms Gray has extensive experience as a scientist, engineer, and business leader, having worked for various companies in the mining, energy, and battery technology sectors. The company has also completed its annual staff performance review process, which will result in the issue of approximately 22,150,000 ordinary shares valued at a total of A$316,000 to eligible employees under the Company's ongoing Short-Term Incentive Program (STIP). The Board thanked the Executive team and staff for their commitment and performance over FY2025, which was a period of significant change requiring additional investment and focus. The Board has resolved to award Ms Gray a cash payment of A$19,000 for the completion of 100% of the KPIs required by the Board up to her Commencement date as the MD & CEO. Long Term Incentive and Retention option awards are expected to be presented to shareholders in October 2025, prior to the Annual General Meeting.

The company is excited by the prospect of taking what Ms Gray has learnt and supporting increased product sales and delivery of value to customers and shareholders as she takes on the role of MD & CEO. The company looks forward to further honing its knowledge base and creating more opportunities with the team and increased value delivery as time progresses.