TRUSCREEN GROUP LIMITED logo

Annual Shareholder Meeting Presentation

AGM10 September 2025TRUIndustrials

Annual
Shareholders

Meeting

11 September 2025

•The top line
•FY 2025 Highlights

•Key market activities

•FY 2026 Strategy

•Revenue Outlook

•The TruScreenTeam

•Appendix

The top line

4
TruScreen Group Ltd is a revenue

generating Life Science company

with a unique, AI-enabled real-

time cervical cancer screening

device.

The Company manufactures two devices :

•one made in China for use in China,

where locally manufactured products

have preferential market access

•one in Australia for other markets

For each patient screened with the

TruScreen device a new disposable Single

Use Sensor (SUS) must be used. This

creates a recurring revenue model with a

consumable sale for each patient screened

with TruScreen.

FY25 sales of NZ$ 1.7m,

compared to NZ$ 2.1m in

FY24.

This lower result was largely due to

program delays in:

•Zimbabwe (program validation

conducted Sept 2025)

•Vietnam (program launched April

2025, patient recruitment and

clinician screening training

commenced August 2025)

•Indonesia (registration achieved

and first sale April 2025)

•Uzbekistan (registration achieved

June 2025, and pilot program

MOU signed August 2025)

TruScreen Group Ltd forecast

FY26 sales to exceed NZ$ 2.8m,

making the Company monthly

cash flow positive in March ‘26

FY26 revenue is forecast to be made up

of revenue from our largest market China,

plus additional channels for which the

foundations were laid in FY25 – new

distributors Indonesia and India, Public

Screening Programs in Vietnam,

Zimbabwe and Uzbekistan, and our new

strategic alliance with Dalton Bio.

Combined with the agreement to

distribute Dalton Bioscience HPV DNA

equipment and kits this represents

significant product and geographical

diversification, broadening our business

operations.

5
Financial results

NZD (m)

FY22

Actual

FY23

Actual

FY24

Actual

FY25

Actual

Sales1.71.662.11.7

Total Revenue2.72.22.62.1

COGS1.31.31.41.2

R&D expenses1.50.90.90.8

EBITDA(2.7)(2.4)(2.0)(2.2)

Loss for Year(7.9)(2.9)(2.0)(2.2)

Net assets3.42.53.21.0

Cash2.82.22.70.4

COVID impact

The FY 25 lower sales result was

largely due to delays in roll-out

programs in Vietnam (launched

April 2025), and Zimbabwe

(validation conducted

September ‘25) and delayed

product registrations in

Indonesia and Uzbekistan.

Revenues from these delayed

commercial activities are

expected to be realised in

FY2026.

6
1m+

Women

Screened

112

Hospitals / Clinics

using TruScreen

14

Countries with

regulatory approval

232

Devices operational

worldwide

1000+

Healthcare professionals

trained

9

Regulatory

approvals in process

WHO and UNITAID

recognition

Clinical Performance

validations

30+

7
Saudi Arabia study published

with sensitivity 83.3% and

specificity 95% compared with

Pap test of 66.7% and 98.2%

respectively

Uzbekistan product registration completed to

enable the validation trial of TruScreen for a

national cervical cancer screening program

COFEPRIS approval

for use in Mexico

Public Health system

Launch of a 5 year, 260,000

women cervical cancer

screening program at Ho Chi

Minh City Public Health

Association

Indonesian distributor

appointed with commercial

sales commenced in a

significant addressable

market

Inclusion in Chinese Obstetricians and Gynecologists

Association (COGA) Blue Book guideline and China Society for

Colposcopy and Cervical Pathology (CSCCP) guideline

Appointment of

distributor for India, the

world’s second most

populous country

Agreement on

validation protocol

for additional public

screening programs

in Zimbabwe

Appraisal by Baylor Foundation

from the US for a public screening

program in Eswatini

Global Recognition

8
•World Health Organisation (WHO)

•UNITAID

•Clinton Health Access Initiative

•Daffodil Foundation - Australia

•China Obstetricians and

Gynaecologists Association

•China Society for Colposcopy and

Cervical Pathology

•Russia Cervical Cancer Screening

Guideline

•Vietnam Hospital Technical List

•CE Mark, European Union

•NMPA, China

•TGA, Australia

•MHRA, UK

•SFDA, Saudi Arabia

•Roszdravnadzor, Russia

•COFEPRIS, Mexico

•WAND New Zealand

•Zimbabwe Ministry of Health

•IEAKI Indonesia

•Vietnam Technical List

•India (Test Licence)

•Uzbekistan

TruScreen Regulatory Approvals

•ISO 13485

•IEC 60601-1

•IEC 60601-1-2

•CE Mark

International Approvals:Recognized by

International Quality

Accreditation:

9
Handheld device (HHD)

Intelligent Cradle

Single Use Sensor (SUS)

How The TruScreen Device works

10
Commercial Strategy

PRODUCT PORTFOLIO EXPANSION

DIRECT

CHANNEL

THE INDIRECT CHANNEL

•Global distributors

THE DIRECT CHANNEL

•Major public screening programs

supported by national Ministries of

Health and Non-Government

Organisations – Vietnam, Uzbekistan and

Zimbabwe planned so far for FY26

PRODUCT PORTFOLIO EXPANSION

•Addition of market agreements to

distribute Hangzhou Dalton Bioscience

Limited’s HPV DNA tests and equipment

INDIRECT

CHANNEL

FY 2025 Highlights

12
Capital raise oversubscribed - $4m raised

TruScreen raised $2.3 million through a share

Placement, with the issue of approximately 105

million shares at $0.022 each.

$2.3m

$1.67m

In addition, the Company has raised a further

$1.67 million with the issue of approximately

83.6 million shares through a Share Purchase

Plan (SPP).

Each Placement share and each SPP share has

attached one share option with an exercise

price of NZD $0.022 and an expiry date one year

from date of issue.

Placement

Options

SPP

•Growing TruScreen’s presence in the Chinese market

•Distribution of Dalton Bio IVD HPV DNA products

•Executing public cervical cancer screening programs in

Vietnam, Zimbabwe and Uzbekistan

•Development of African markets

•Continued development of the growing public cervical

cancer screening sales channel with key NGOs and

Ministries of Health

•Development of Indonesian and ASEAN markets

•Development of the Indian market

•Providing additional working capital

Funding allocation

13
•TruScreen’s sales to date have been

achieved largely through traditional sales

of devices and Single Use Sensors to

hospitals and clinics. In FY25 these

traditional channels made up 99% of

sales.

•In FY26, public screening programs are

expected to contribute greater than 20%

of total sales in FY26, with an increasing

percentage of sales expected from these

programs in future.

Entry into Public

Screening Programs

14
Vietnam

A 5-year program to screen 260,000 women

for cervical cancer using TruScreen in Ho Chi

Minh City launched in July 2025. The program

is a partnership between TruScreen, Ho Chi

Minh City Public Health Association and

distributor Gorton Health Services, and will

assist Vietnam to achieve its goal of screening

60% of women aged 30 to 54 for cervical

cancer (currently 25%).

April 12 2025. TruScreen Chair Tony Ho, President of the Ho Chi Minh

City Public Health Association Dr Le Truong Giang and Managing

Director of Gorton Health Services Mr An Trang sign the formal

agreement to conduct a 260,000 women screening program in Ho Chi

Minh City.

15
Zimbabwe

Since 2022, TruScreen has screened 14,000

women in the Masvingo Province, Zimbabwe,

through a public screening program managed

by the Zimbabwe National AIDS Council (NAC)

and the Ministry of Health and Childcare. Re-

validation will be completed in September

2025 to recommence and expand the program

to the Harare and other provinces - with

20,000 women expected to be screened in

FY26.

TruScreen’s Dr Carolina Velasquez training team in Zimbabwe, August 2025.

16
Uzbekistan

Following TruScreen’s receipt of regulatory

approval by the National Pharmaceutical

Safety Committee in Uzbekistan in June 2025,

a 500 patient pilot project is planned to

commence in September/October in

Karakalpakstan, Uzbekistan. Uzbekistan has

over 11 million women of screening age*, and

is also a major healthcare reference site for

neighbouring Central Asian nations.

TruScreen CEO Marty Dillon

signs MOU with Senator &

Professor Aral Ataniyazova

in Tashkent, Uzbekistan

The ‘Pilot Project for the use

of TruScreen‘in Uzbekistan

project team – Marty Dillon,

Dr Klara Yadgarova,Senator

& Professor Aral Ataniyazova

and Professor Asimidin

Kamilov

17
Medical Affairs achievements

•Included in UNITAID’s technology landscape report “Screening and treatment of pre-cancerous lesions for secondary

prevention of cervical cancer”, the only opto-electrical device included.

•Selected by StartUs Insights as one of six global companies that will have an impact on global women’s health.

•Invited to present at the WHO key meeting to further the use of AI technologies for screening of cervical cancer

Fudan University study

1

(n=1908), published by Springer Nature, concluded that TruScreen optoelectronic real time

screening detection accuracy outperformed liquid-based cytology (LBC) in patients with type 3 cervical transformation

zone.

Saudi Arabia study

2

(n=507) investigating TruScreen’s performance versus pap smears in cervical cancer detection

published and peer reviewed by BMC Women’s Health. Results showed that TruScreen demonstrated:

•High Sensitivity: TruScreen 83.3%, compared to Pap test 66.7%

•High Specificity: TruScreen 95%, compared to Pap test 98.2%

Beijing study

3

(n=100) from 2018 was published by Dovepress, demonstrating higher sensitivity (86.4%) and higher

specificity (74.4%) for screening cervical precancerous lesions in middle-aged women, compared to TCT and HR-HPV

tests. The study also demonstrated increased efficacy when used in combination with TCT and HPV tests and validates

TruScreen’s emerging markets growth strategy and recent agreement to distribute DaltonBio’s HPV IVD test products to

India.

OCT 24

NOV 24

APR 25

JUN 25

18
DaltonBio Strategic Alliance

Key points:

1.TruScreen to be appointed a global distributor of DaltonBio HPV related IVD products (excluding U.S.A. and Canada).

2.DaltonBio to explore opportunities to assist sales of TruScreen’s AI enabled real time cervical screening device within its

distribution network, notably in its selected distributors in China and South America. DaltonBio have 200 sub distributors in

China which may augment TruScreen’s current distribution network in it’s largest market.

•Q4 FY25 - Memorandum of Understanding signed with Hangzhou Dalton Bioscience (DaltonBio)

•Q1 FY26 - TruScreen and Dalton Bio sign Distribution Agreement for HPV products in India

The collaboration will enhance access to innovative cervical cancer screening and detection solutions by leveraging the

technology strengths of both companies. As demonstrated in the COGA landmark study (2023) and Beijing Obstetrics and

Gynecology Hospital study (Dovepress, May 2025), co-testing improved TruScreen’s already impressive standalone sensitivity

significantly.

19
HumanPapillomavirus(HPV)NucleicAcidDetectionSystems

HPV Self Sampling Collection System

The DH3 kit is used to detect 14 high-risk HPV types

that cause cervical cancer, provides relative viral load

values, and it has clinical guiding significance for

screening high-risk groups of cervical precancerous

lesions.

DH3 can distinguish HPV-16/18 and achieve risk

stratification management. The hybrid capture

technology it applies does not require nucleic acid

extraction and amplification, and has exceptional

reproducibility and negative predictive value. The use of

HPV full-length probes can effectively avoid missed

diagnosis.

HPV tests-DH

TM

series by DaltonBio

14 High-risk

HPV types

18 High- & medium-risk

HPV types

Key market activities

21
Key market China accounted for over 85% of global sales and exceeded

budget in FY25 and is now poised for expansion in 6 key provinces

•Key provinces for growth: TruScreen’s China distributor Beijing Siweixiangtai

Technology Co Ltd (SWXT) is targeting 6 key provinces for growth in FY26 - Guangxi,

Jiangsu, Hunan, Zhejiang, Shanghai and Guangdong. These provinces have a

combined population of 496 million, and an addressable screening market of

approximately 124 million women.

•TruScreen unaffected by US and China proposed tariff regimes: TruScreen markets

both an Australian and a Made in China device, providing a dual product strategy in the

key China market, with preferential market access for China manufactured products

•30% increase in SUS Pull Through: Consumable Single Use Sensor (SUS) pull

through per month per device has reached peak of 142 SUS per month per device, an

increase of 30 % over 12 months.

•Software Upgrade: China’s NMPA registration variations have been approved and

software upgrade on Chinese devices has commenced. The upgrade will improve user

experience for clinicians and extend the device’s in-use service interval.

CHINA

477 million

women of

screening age*

22
•Private Sector Expansion: SWXT targeting of the growing China private health sector including private clinic and Health Check

Centre approvals in Jiangsu and Shenzhen, and entry into the Luxury Hospital and Traditional Chinese Medicine Hospital

sectors.

•Public Health Insurance: In addition to having 11 provinces with approved pricing for TruScreen, Beijing has awarded public

health insurance reimbursement for eligible TruScreen patients. Shanghai has completed the final round of evaluation for public

health insurance reimbursement and once he administrative processes for this are formalised sales are expected to grow

rapidly in this province.

In April 2025 TruScreen and SWXT planned the expansion of TruScreen

sales in China. From left to right: Mr Li, partner SWXT, Marty Dillon, CEO

TruScreen, Miss Su Siming, Managing Director SWXT, Tony Ho, Chair

TruScreen and Mr Wang, SWXT manager of TruScreen business in China

hospitals have installed

TruScreen and actively use it

for cervical cancer

screening

hospitals have received

TruScreen approval, awaiting

tender completion

tenders won and awaiting

hospital installation

103

21

8

Currently in China:

=132

23
TruScreen selected to screen 260,000 women in Ho Chi Minh City and adoption

in Vietnam picks up pace – expected to be second largest market in FY2026

VIETNAM

36 million

women of

screening age*

5-year program to screen 260,000 women for cervical cancer in Ho Chi Minh City launched July 2025

Following the signing of a Memorandum of Understanding with the Ho Chi Minh City Public Health

Association and Gorton Health Services (Truscreen’s Vietnam distributor) in November, TruScreen has

been selected as the primary screening methodology for the capability of its unique, AI-enabled real time

cervical cancer screening technology to assist the Government of Vietnam achieve its goal of screening

60% of women aged 30 to 54 for cervical cancer (currently only 25% screened).

Public Hospital Adoption

In January 2025 Professor Michael

Campion presented at Tu Duc

Hospital in Ho Chi Minh City, leading

to 6 major Ho Chi Minh City hospitals

agreeing to adopt and install

TruScreen.

April 12 2025. TruScreen Chair Tony Ho, President of the Ho Chi

Minh City Public Health Association Dr Le Truong Giang and

Managing Director of Gorton Health Services Mr An Trang sign

the formal agreement to conduct a 260,000 women screening

program in Ho Chi Minh City.

24
TruScreen re-enters India with appointment of Renovate

Biologicals Pvt Ltd in April 2025

INDIA

468 million

women of

screening age*

India holds one-sixth of the world's population and one woman dies from cervical cancer

every eight minutes in the country. The cervical cancer screening rate is only 2%, and India’s

National Academy of Medical Sciences (NAMS) has recently set a target of 70% by 2030.

First sales have been completed, and TruScreen has already been used in 1800 women

program in Ladakh, NW India. The appointment of Renovate Biologicals now gives TruScreen

distribution capability in 3 of the 4 most populous countries in the world - China, India and

Indonesia. In addition to the distribution of TruScreen devices and SUS’s, TruScreen will also

commence distribution of Dalton Bio’s HPV IVD products in India – the first market agreement

to be made as part of the Dalton Bio strategic alliance.

Marty Dillon with the Renovate Biologicals team in

Hyderabad, India, August 2025.

25
Indonesia product registration completed and distributor

appointed, with commercial activity commenced in May

2025

INDONESIA

96 million

women of

screening age*

•Distributor Appointed: Following the completion of product registration,

TruScreen appointed a new Indonesian medical products distributor PT Mawar

Mitra Medika with commercial sales commenced in the world’s largest Islamic

nation, with a population spread over 14,000 islands. TruScreen offers an ideal

solution to providing screening to a geographically dispersed and diverse

population.

•AI presentation by CEO to MOH officials and KOL’s. In December 2024,

TruScreen presented to an AI Health webinar organised by Austrade and the

Indonesian Ministry of Health. TruScreen was one of only two companies

invited to present at this webinar, a recognition of our growing reputation as a

leader in AI innovative health technology with a particular relevance to

emerging economies.

26
Mexico second largest market in FY2025, accounting for 7% of

sales – with major private health insurer opportunity in play

MEXICO

46 million

women of

screening age*

Mexico has approximately 46 million women of screening age*, and cervical

cancer is the second most prevalent cancer amongst women.

HPVcentre.net estimates that 9,400 women are diagnosed annually with

cervical cancer with a very high mortality rate of 46% - 4,300 deaths.

Mexico’s national regulator, COFEPRIS, approved TruScreen for use in the

public health sector in FY2024, allowing TruScreen’s distributor Sunbird S.A

de C.V. to target the wider public health sector (70.9% of the population

access the public health system).

Mexico represented TruScreen’s second largest market after China in

FY2025, with new device installations continuing. TruScreen is currently

awaiting the outcome of a tender for the Instituto Mexicano del Seguro

Social (IMSS) the largest social security and health institution in Mexico for

the use of an opto electrical medical device for a cervical cancer screening

program.

27
African opportunities progress, with Zimbabwe PSP expected to

launch Q3 FY2026

ZIMBABWE

5 million

women of

screening age*

Zimbabwe

Since 2022, TruScreen has screened 14,000 women in the Masvingo Province, Zimbabwe,

through a public screening program managed by the Zimbabwe National AIDS Council (NAC)

and the Ministry of Health and Childcare. Formal re-validation is being undertaken by the

Ministry of Health, in order to expand the program. The clinical component of this re-validation

has bene completed and the analysis of results is to be completed in September 2025.

With limited pathology services and no nationwide recall system for follow-up appointments,

traditional screening methods such as cytology are not suitable for Zimbabwe’s population.

TruScreen, which enable a ‘see and treat’ screening service, is ideally suited to fill the gap in

Zimbabwe’s women healthcare system.

Eswatini

In May 2025, TruScreen and the Baylor Foundation Eswatini agree on the validation and initial

product training for TruScreen to be used for a pilot program to screen women in Eswatini

(formally Swaziland). Co-funding is being sought to replace the cancelled USAID funding

component.

ESWATINI

390,000

women of

screening age*

FY 2026 Strategy

29
Key Objectives for FY2026

Development

of Indian

market

•Successful execution of

PSPs in Vietnam, Zimbabwe

and Uzbekistan

•Create an operating

process for success

•Continue development of

the growing public cervical

cancer screening sales

channel with key NGOs and

Ministries of Health

•Build Indonesia sales

with PT Mawar Mitra

Medika

•Work with Intega to

deliver sales in

Singapore, Malaysia

and Thailand

•Build on initial India

sales

•Sign new market

agreements

Dalton

sales

Development

of ASEAN

market

PSP

success

Monthly

cash flow

positive

in Mar 26

•Build sales with

Renovate (TRU and

Dalton)

30
Key Enablers of Success

Strengthen

distributor

relationships

•Dalton relationship nurture,

including exploring opportunities

to grow TruScreen’s presence in

the Chinese market through

Dalton distribution network

•Public screening program

management

•MOH’s/NGO’s and Foundations

marketing

•Keep head count low

•Streamline internal

processes to create more

efficiencies in the day to day

- enable CEO to focus on

Sales more than admin

•Continue to seek SUS cost

improvements.

•Manufacturing and QA/Reg

software to lower consultant

costs.

•Investigate potential AI

contribution to efficiency

•Refine partner support

processes to deliver

maximum value – improve

marketing collateral and

sharing of information via

Quarterly distributor

meetings

•Refine pricing strategy to

suit market needs –

experiment with differential

pricing via selected support

programs

New BDM

hire

Marcomms

focus

Build

evidence

base and

international

recognition

•Website quality uplift and brand

refinement

•Social promotion of all activities

and successes in order to build

existing investor confidence

and attract new investors

•Collect marketing case studies

Continued

operational

cost-

effectiveness

•Get COGA paper published

and review interim data from

Uzbekistan and HPHA

•Build on International NGO

Recognition (WHO, UNITAID,

CHAI, COGA , CSCCP) to build

acceptance and remove

barriers to sale

HIRED AUGUST 2025

31
FY2026 active markets - at a glance (note: PSP = Public Screening Program)

Mexico

TRU sales

China:

TRU sales

(through SWXT and Dalton

distribution network)

India:

TRU sales

Dalton sales

Vietnam

PSP

Indonesia

TRU sales

Zimbabwe PSP

Uzbekistan

PSP

Eswatini PSP

Singapore, Malaysia,

Thailand, TRU sales

32
Focus on key growth provinces (Shandong,

Jiangsu,, Hunan, Zhejiang, Guangdong,

Guangxi) - Total popn 496m

Market expansion to continue with

China the key focus

Strengthen vertical Asian market from

Indonesia through China, and capitalise on

Indian distribution network

Build on International NGO Recognition (WHO,

UNITAID, CHAI, COGA , CSCCP) to build

acceptance and remove barriers to sale

Strengthen China Distribution

Capability via Strategic Partnership

with Dalton Bio

Target Govt and NGO funded

programs in addition to Zimbabwe,

Vietnam, Mexico and Uzbekistan

Growth Strategies

33
Developing strategic partnerships for

complementary woman’s health services

Focus on countries with limited or nil

cervical screening capability

Expand product portfolio to include Dalton

Bio HPV related IVD products DNA tests,

including HPV DNA tests and self sampling

Capitalise on global focus on AI

enabled cervical cancer technologies –

e.g. WHO

Reduce SUS and Device COGS and

increase profitability

Growth Strategies (cont.)

Revenue Outlook

35
FY25 Sales (Actual)FY26 Sales (Projection)

+64% YOY increase with increased diversification of revenue

NZ$ 1.71m

NZ$ 2.8m

36
TruScreen Expected Sales Increase FY26

Six key

provinces

targeted;

Expected sales

increase >15%

> NZ$ 1.75m

Public

Screening

Program to

resume;

Expected sales

> NZ$ 250k

Indonesia and

India sales

commence;

Expected sales

> NZ$ 250k

Dalton Bio IVD

HPV Test sales

to commence;

Expected sales

> NZ$ 200k

Ho Chi Minh

City Public

Screening

Program to

commence and

hospital sales

to increase;

Expected sales

> NZ$ 150k

Public

Screening to

commence;

Expected sales

> NZ$ 100k

Expected sales

> NZ$ 100k

NZ$ 2.8m

37
China

•FY26 expectations are a 13% uptick on FY25 sales

•Distributor SWXT have forecast sales of 40 Devices and 150,000 SUS for FY 26

•Expected to represent ~60% of Global Sales – a ~30% reduction in our

reliance on China sales (87% in FY25), mitigating a key business risk

Vietnam

FY26 sales expectations underpinned by two key factors:

•Ho Chi Minh City Public Screening Program commenced August 2025

•Agreements from 6 major Ho Chi Minh City hospitals following the

inclusion in the Vietnam National technical list and Prof Campion’s

presentation at Tu Duc Hospital in Jan 2025

India

FY26 forecast is based upon the contracted Yr 1 of sales to new distributor

Renovate Biologicals, for which the first order has already been placed

(August 2025)

>NZ$1.75m

>NZ$150k

>NZ$150k

38
Indonesia

FY26 forecast is based upon the contracted Year 1 of sales to new

distributor PT Mawar Mitra Medika, with first order already placed.

Uzbekistan

FY26 sales expectations underpinned by the commencement of 500-

patient pilot program in Karakalpakstan, Uzbekistan and potential for

expansion province by province.

Mexico

FY26 Forecast is based upon modest growth from FY25, building upon the

inclusion in the Mexico COFEPRIS approval for use in the public health

system in Mexico. Distributor Sunbird continues to engage with the newly

elected government officials to introduce TruScreen to the public health

sector, and are in advanced discussions with IMSS (the nation’s largest

public health insurer covering 38% of the population) for TruScreen

inclusion in their planned cervical cancer screening program

>NZ$100k

>NZ$100k

>NZ$100k

39
Zimbabwe

FY26 forecast is based upon the recommencement of public screening

programs in metropolitan and regional Zimbabwe, once Ministry of Health

Re-Validation has been finalised in September 2025.

TruScreen is working with distributor INTEGA to introduce TruScreen into

this region. Documents have been supplied to commence the registration of

TruScreen in these countries and a key opinion leader, Dr Quek Swee

Cheong has agreed to use TruScreen both in his private clinic and programs

conducted by him in India and Nepal.

Dalton Bio

FY26 sales expectations expected to account for ~7% of sales in FY26.

The first formal distribution agreement was signed in May 2025, for

TruScreen to distribute DaltonBio’s HPV detection products in India, and the

first order has already been placed.

Singapore,

Malaysia and

Thailand

>NZ$250k

>NZ$200k

The TruScreen Team

41
The Board

A Director and Chairman of a number of

listed ASX companies.

Previous Executive Director of sales and

distribution company Arthur Yates & Co

Limited, as well as Finance Director and

CFO of listed ASX retailers M. S. McLeod

Holdings Limited (Downtown Duty Free),

Galore Group Limited (Barbeques

Galore) and Brazin Limited (Bras N

Things, Sanity Music).

An experienced business executive and

has acted in a number of management

roles including 20 years as a senior

partner of KPMG and its predecessor

firms. Director of a number of private

companies across a broad range of

business activities including corporate

advisory, financial services, and funds

management. UNSW Commerce

graduate and Fellow of Chartered

Accountants Australia and New Zealand

Mr. Anthony Ho

B. Com (UNSW), CA, FAICD, FCIS, FGIA

Non-executive Chairman

Mr. Christopher Horn

B. Com (UNSW), FCA

Non-executive Independent Director

Experienced medical device engineer and

specialist in product R+D. Research and

Development Manager of the respiratory

humidification division of ASX/NZX-listed

Fisher & Paykel Healthcare. Brings 20

years’ experience in manufacturing,

working with suppliers across the globe.

His technical background in opto-

electronics and expertise in medical

device engineering is highly relevant to

TruScreen, who’s cervical cancer

screening device harnesses opto-

electronic signatures for screening results.

Dr. Dexter Cheung

B. Tech (Hons), M.Eng, PHD

Non-executive Director

MBA from the Macquarie Graduate School

of Management, and Bachelor of Nursing

from the Auckland Technical Institute.

More than 20 years’ experience working in

Asia and Pacific markets in Healthcare, in

sales, Marketing and leadership. Juliet was

the General Manager/Country Director for

Johnson & Johnson Medical in New

Zealand and has held various roles in

Johnson & Johnson in Australia and New

Zealand since 2012.

Ms. Juliet Hull

B.Nurse ATI, MBA MGSM

Non-executive Director

42
The Executive Team

Guy Robertson, B. Com (Hons.) CA

CFO & Company Secretary

Martin Dillon skilfully managed the company’s

listing on the NZX and oversees its strategic

vision. With over 30 years of commercial

experience, he has engaged with health and

regulatory authorities worldwide and held

numerous senior executive roles in private and

public companies in healthcare, advertising and

marketing.

Martin Dillon

CEO

Guy is an experienced finance executive, having held

the positions of Director, Company Secretary and

Chief Financial Officer of both private and ASX-listed

companies in Australia and Hong Kong. Guy held

senior roles in the Jardine Matheson Group of

Companies, including General Manager Finance of

Franklins Limited, Chief Operating Officer of Colliers

International Asia Pacific and Managing Director

(NSW) Jardine Lloyd Thompson.

Dr. Tan has extensive knowledge of the TruScreen

product and has been involved in establishing key

markets in China, Vietnam, Mexico and Indonesia.

Dr Tan is a qualified gynaecologist and has been

working withopto-electric screening technology for

over two decades and has led the

commercialisation of TruScreen since the

company’s establishment in 2013.He oversees

global commercial operations.

Dr Jerry Tan

B. Med (Clinical), M.Com, CPA

General Manager Commercial

43
Dr Carolina Velasquez gained her Bachelor of

Medicine and Surgery at Pontificia Universidad in

Colombia and her Masters in Clinical Research at

Monash University in Melbourne . She has 8 years

experience with Truscreen conducting operator

training and supervising clinical trials in Australia,

India, Zimbabwe, China, Vietnam, Indonesia and

Mexico. Dr Velasquez also co-ordinates the work of

both Truscreen's Medical Advisory Committee and

international Medical Experts Group.

Usha is an experienced engineer with a strong background in

process development and manufacturing, across medical

devices, printhead and semiconductor technologies. With a

strong focus on continuous improvement and lean

manufacturing, she has successfully transitioned

prototypes to scalable production and trained international

teams. She is passionate in delivering high quality product,

through engineering excellence. Usha oversees TruScreen

device production, supporting R&D projects and lead

Service & Repair and field issues globally

Dr Carolina Velasquez

MBBS, M ClinRes

Medical Affairs and Training Manager

Usharani Raji

B Eng (Hons), MSc

Production Manager

The Executive Team

44
Contact us

Guy Robertson

Chief Financial Officer


M – +61 407 983 270

E – guyrobertson@truscreen.com

TruScreen

Suite 3.03 18 Orion Rd

Lane Cove West NSW 2066

Australia

www.truscreen.com

Martin Dillon

CEO

M - +61 449 115 065

E – martindillon@truscreen.com

TruScreen

Suite 3.03 18 Orion Rd

Lane Cove West NSW 2066

Australia

www.truscreen.com

45
*Women aged 15-64 years as detailed in the World Fact Book : https://www.cia.gov/the-world-

factbook/

1

Xiao, F., Sui, L. Evaluation of a real-time optoelectronic method for the detection of cervical

intraepithelial neoplasia and cervical cancer in patients with different transformation zone

types.Sci Rep14, 27220 (2024). https://doi.org/10.1038/s41598-024-78773-w

2

Alhudhud, M., Maqsood, S., Hussein, M.E.et al.Cervical cancer screening: a comparative

study of TruScreen vs. Pap Smear.BMC Women's Health25, 198 (2025).

https://doi.org/10.1186/s12905-025-03733-z

3

Gao S, Tian Y, Song F, Wang J. Assessment of the Real-Time Photoelectric Detection Device

(TruScreen) in Screening for Cervical Precancerous Lesions in Middle-Aged Women: An

Observational Study.Risk Manag Healthc Policy. 2025;18:1783-1791

https://doi.org/10.2147/RMHP.S524022

References

46
Disclaimers

This presentation has been prepared by TruScreen Group Limited (the “Company”) and is dated 25 August 2023. This presentation contains summary information about the Company

and its activities which is current as at the date of this presentation. The information in this presentation is of a general nature and does not purport to be complete nor does it contain

all the information which a prospective investor may require in evaluating a possible investment in the Company. This presentation should be read in conjunction with the Company’s

annual report, market releases and other periodic and continuous disclosure announcements, which are available at www.nzx.com. This presentation does not constitute an offer,

advertisement or invitation in any place in which, or to any person to whom, it would not be lawful to make such an offer, advertisement or invitation.

Not financial product advice

This presentation is for information purposes only and is not financial or investment advice or a recommendation to acquire the Company’s securities, and has been prepared without

taking into account the objectives, financial situation or needs of prospective investors. Before making an investment decision, prospective investors should consider the

appropriateness of the information having regard to their own objectives, financial situation and needs and consult a financial adviser, solicitor, accountant or other professional

adviser if necessary.

Past performance

Any past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. No

representations or warranties are made as to the accuracy or completeness of such information.

Future performance

This presentation includes certain “forward-looking statements” about the Company and the environment in which the Company operates. Forward-looking information is inherently

uncertain and subject to contingencies, known and unknown risks and uncertainties and other factors, many of which are outside of the Company’s control, and may involve

significant elements of subjective judgement and assumptions as to future events which may or may not be correct. A number of important factors could cause actual results or

performance to differ materially from any forward-looking statements. No assurance can be given that actual outcomes or performance will not materially differ from the forward-

looking statements. The forward-looking statements are based on information available to the Company as at the date of this presentation. Except as required by law or regulation

(including the Listing Rules), the Company undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results

or otherwise.

Appendix:

48
2025 & BeyondBuilding for the Future 2020-2024

Building the Fundamentals 2014 - 2020

The TruScreen Journey

•China Growth continues

•Distribution of Dalton Bio IVD HPV DNA

products

•Vietnam HPHA program targets 260,000

women, Uzbekistan and Zimbabwe screening

programs to commence

•Indonesia and ASEAN commence

commercial use

•Global focus on AI boosts recognition of

TruScreen

2018 Oct

523% sales

growth in H1

2019 May

Recognition by

World Health

Organization

2020 Jan

ASX Listing

2014Nov

Listingon NZAX

2023-24

•COGA Blue Book and CSCCP Guidelines include TruScreen

•UNITAID recognises TruScreen’s value for Cervical Cancer screening

•WHO invited TruScreen to participate in Key AI meeting for cervical cancer screening

•Vietnam – HPHA large scale screening MOU signed

2018 Jul

Comence large scale

pilot programs in China

with CDC and COG

2018 Dec

Migration to NZX

2022

•Managing COVID-19 challenges

•Cost reduction

•Manufacturing and business

development in China

•Completion of major COGA study

•Strengthen distributor arrangement in

Vietnam

2017 Dec

CFDA (NMPA)

approval for

second generation

device

49
Handheld device (HHD)

Intelligent Cradle

Single Use Sensor (SUS)

•Enabled by AI, TruScreen provides an accurate, real time cervical cancer screening solution

•Each TruScreen examination takes one to two minutes to produce results, compared to

conventional Pap tests which can take days, weeks, or even months in some countries, for a

result to be returned.

50
a pen-like wand covered by a

Single Use Sensor (SUS) is used

to gently touch multiple spots on

the cervix. The SUS contains a

precision lens and electrodes

which interfaces with the cervix.

It sends and picks up low level

electrical and optical signals (14

readings per second) from the

cervical tissue.

1

How it works

51
The TruScreen Handheld Device (HHD) then applies

an integrated AI-enabled algorithm to analyse these

signals and compares them to an integrated

database of 2,000 patients drawn from a wide range

of geographic and ethnic backgrounds with differing

histological diagnoses.

This identifies the presence of abnormal (cancerous

and pre-cancerous) cells in the cervix and provides

physicians with real-time results.

2

How it works

52
✓Clinicians/physicians are able to immediately plan

appropriate patient care

✓Device has an expected life span of 5–7 years

✓Disposable SUS is used once per test per patient - ensures

there is no chance of cross-infection between patients

✓The entire patient data collection and analysis is self-

checked and controlled. No tissue sample needs to be

taken. These measures ensure that the results are reliable

and consistent, and that the examination is painless and

safe

✓TruScreen has been used on over 1 million women and

there has never been a single adverse event reported

53
•TruScreen specificity surpassed Liquid Based Cytology (LBC) and hrHPV

•TruScreen determined to be a simple, effective and rapid real-time cervical cancer screening method

•TruScreen determined to be an appropriate primary cervical cancer screening tool in regions with high morbidity and mortality to cervical cancer

•Also highlighted the superiority of TruScreen against alternative screening methods as well as the potential benefits of a TruScreen-HPV co-

testing. The size of the COGA study, which was TruScreen’s largest clinical evaluation to date, lends extra significance to its results and broad

conclusions.

TruScreen’s

sensitivity

was well above that for LBC

(87.5% v’s 66.5%), with a high

degree of statistical

significance (p<0.001).

TruScreen’s

specificity

(88.4%) was higher than both

LBC (86.3%) and hrHPV

testing (78.3%) (also at

p<0.001).

The sensitivity of TruScreen-hrHPV co-

testing (carrying out with multiple types

of screening tests at the same time, as

opposed to a single type) was higher than

that of LBC-hrHPV co-testing,

98.4% vs 95.9%

(statistically significant at p=0.006).

COGA Trial (n= 15,661, 2018-2021)


These results were presented at a research conference organised by ASCCP (American Society of Colposcopy and Cervical Pathology) in San Diego, USA in 2021.

The COGA trial manuscript is currently being reviewed for publishing in the Journal of the American Medical Association (JAMA).

54
Why TruScreen?

TruscreenLiquid Based Cytology (LBC)HPV DNA

Real time results

Low infrastructure

costs

Strong clinical results

Objective results

Low training threshold

Portable

No cell or tissue

samples taken

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.