AdAlta Limited announced retirement of Elizabeth (Liddy) McCall from her role as Non-Executive Director. James Williams PhD, alternate Non-Executive Director to Liddy McCall will therefore also retire. Ms McCall and Dr Williams were co-founders of Yuuwa Capital Venture Capital fund (Yuuwa) and brought their expertise and experience to the AdAlta Board when Yuuwa became a shareholder in 2010.

They have maintained their strong support of the Company as AdAlta's i-body technology progressed from pre-IPO stage through manufacturing scale-up, then into the listed, clinical stage company it is 0. Following the recent planned and orderly wind- up of the Yuuwa fund (ASX: 24 January 2023), and distribution of Yuuwa shares to major shareholders related to the fund, Ms McCall and Dr Williams have elected to retire from the Board to pursue other interests.