LBT Innovations Limited provided update on the Company's planned Board renewal process to be completed during Calendar Year 2021. Key Points: Kate Costello to retire from the Board in third quarter of Calendar Year 2021. Caroline Popper to retire from the Board in May 2021. Board refresh to align with commercialisation focus. Whilst succession of the Chair discussions had commenced in 2020, the Company acknowledges clear and consistent AGM feedback regarding the tenure of Directors including the Chair. The Company advised that the Board has commenced an active process of Board renewal. This process will see Kate Costello, Chair of the Board, and Caroline Popper as a Non-Executive Director, both retire from the Board during 2021. The Board will also replace Caroline's vacant Non-Executive Director position. Following the appointment of the new Chair-Elect, a short transition will occur, after which Kate Costello will step down. The timing of this transition is expected to be in the third Quarter of calendar year 2021. As part of an orderly transition, this will also allow outgoing Chair, Kate Costello, to work with the Board on the audit of the 2020/2021 financial year and the Annual Report.