AUDEARA LIMITED — Board/Management Information 2022

Aug 7, 2022

Aug 8, 2022

• Bill Peng appointed to the Board

• Extensive experience in electronic medical products and international markets

• Recent strategic investor and company advisor

Audeara Limited (ASX: AUA) (‘Audeara’ or ‘the Company’) is pleased to announce the appointment of Mr Hsin-Chieh “Bill” Peng as an Executive Director of the Audeara Board. Mr Peng commences the role on 5 August 2022.

Mr Peng has worked in the electronics industry and has extensive knowledge and experience in production from electronic materials, components, and semi-product through to finished products. Most recently he has founded an Australian company specialising in electronic medical products. Mr Peng brings extensive business experience across operational, supply chain management, product development and international sales, particularly in the Asia Pacific region.

Mr Peng has already been working with Audeara on supply chain management, product development and market access. He also recently provided new investment into Audeara demonstrating his support of the company’s future.

Audeara’s Chair, Mr David Trimboli said “We welcome Bill onto the Board as a passionate advocate for Audeara’s products and business, but also his wealth of experience in the biomedical electronics manufacturing and supply market. His skills have already contributed to operational efficiencies and market opportunities, and we now welcome his input at a Board level to further map out our global expansion ambitions.”

Mr Peng has also accepted an operational role within the Company as Director of Growth and Corporate Partnerships supporting manufacture, product design and Asian market development activities. Under the terms of his employment Mr Peng will be entitled to remuneration of $200,000 per annum plus any statutory superannuation and discretionary benefits or incentives as may be approved by the Board. His employment will be for an initial fixed period of 1 year and thereafter continue unless terminated with 3 months notice or under other standard employee termination clauses.

Mr Peng holds a Bachelor of Business (Marketing) from Griffith University and a Master of Business (Entrepreneurship) from the University of Queensland.

This announcement has been authorised by the board of Audeara Limited.

For more information please visit, audeara.com.

MEDIA ENQUIRIES INVESTOR ENQUIRIES M&C Partners M&C Partners Melissa Hamilton Ben Henri melissa.hamilton@mcpartners.com.au ben.henri@mcpartners.com.au

ABOUT AUDEARA

Audeara makes perfect sound, always.

Audeara Ltd (ASX: AUA) is a hearing health technology company that delivers high-quality personalised audio to listeners via Bluetooth headphones.

A proprietary personalisation algorithm calibrates the headphones for an individual’s unique hearing profile. This provides crystal clear sound quality for video conferencing and telephone calls and using mainstream applications like watching television, listening to music and gaming.

Categorised as an assistive listening device (ALD), Audeara's unique technology emphasises better, not louder sound. This means listeners can have a safer, high-quality listening experience that protects the hearing they have.

The Company sells its products through distributors and resellers in Australia and North America, and via e-commerce channels.