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TruScreen Stakeholder Newsletter November 2022

Operational Update8 November 2022TRUIndustrials

Dear Shareholders,
It is a privilege to be appointed the new CEO for TruScreen Group

Limited. I’m not only inspired by TruScreen’s vision, but I believe

that we have an obligation to bring our world-class technology to

save lives around the world. I stepped into this role after consulting

for TruScreen for two years prior, as the Medical Affairs and Market

Access Lead. This gave me the opportunity to understand our

business, its challenges, its strengths and most importantly, the

people. I want to thank Juliet Hull for looking after TruScreen during

the term of her interim CEO appointment. I had the benefit of

learning from Juliet, while working with her and transitioning into the

CEO role. Juliet has done an outstanding job leading the team

through the turbulence of the Covid pandemic.

Despite the challenges posed by the pandemic, the TruScreen

team held strong and has persistently progressed through the

strategic plan. Over the last year, we have laid many new

foundational inroads in our new and focus markets, while

strengthening our foothold in established markets. Read on for the

update on just some of these projects in China, Zimbabwe and

Vietnam.

It takes a lot of hard work to make something complex appear

simple. This is demonstrated by TruScreen recently having passed

3 quality audits, assessing our Medical Device Reporting (MDR)

readiness and regulatory compliance. I’m proud to say that we have

passed all three with no non-conformance.

I will bring to our TruScreen Team strong and purpose driven

international collaboration, clarity and focus. I believe that the world

is ready for TruScreen technology, and the time is now to make the

most of the WHO strategy and to include TruScreen in the

conversation on making cervical cancer the first ever cancer that

becomes a rare disease. Our financial peformance will be a natural

consequence of our hard work and dedication.

Thank you for reading this newsletter. I look forward to meeting with

all stakeholders in the time ahead. I want to hear from you. I

encourage you to reach out and share your thoughts.

China Market Update
TruScreen has continued to see progress in its core Chinese

market, despite ongoing COVID-19 restrictions. TruScreen’s Made

in China devices have begun to be installed in public hospitals, with

additional tenders ongoing.

TruScreen has been added to the cervical cancer screening routine

in the largest medical check-up centre in China. The health

checkup centre within the People's Liberation Army General

Hospital, approved adding TruScreen to its cervical cancer

screening services with installation expected to follow. TruScreen’s

local distributor, with a government backed association, have been

working towards a health checkup project which will aim to screen

10,000 women across 10 centres in 3-6 months. This project is

expected to commence following installations.

Recently, 8 hospitals in Beijing obtained pricing approval and

another 3 are now in the evaluation process. This process paves

the way for fast-tracked adoption in these hospitals, which include

top-level teaching hospitals that would be expected to generate

high Single Use Sensor (SUS) pull through. Elsewhere in the

region, another 4 major hospitals have awarded TruScreen tenders

in the last 3 months, with 6 more expected to follow.

Despite the ongoing COVID-19 restrictions, TruScreen’s distribution

partner has managed to maintain good momentum throughout the

country. With marketing activities shifting to online seminar to

ensure that projects can continue to move ahead.

Zimbabwe NAC Project Update

The National Aids Council's (NAC)TruScreen Masvingo pilot project

is on track to wrap up in Q1 CY2023. This is the second and final

phase of the government pilot program for the Masvingo province,

one of the most populous regions of Zimbabwe. Since July 16

devices installed at local level clinics and hospitals have screened

over 4,000 women. This project has been seeing strong SUS

usage, averaging ~100 screenings per month per device.

In October NAC further strengthened their commitment to the

project by providing additional resources to increase awareness

and uptake of screening via a community outreach program that will

travel to the 16 sites over the next 3 months.

Dr. Bernard Madzima, CEO of the Zimbabwe National AIDS

Council, recently said of the TruScreen technology, “The

advantage is that the women don't have to incur transport costs if

they go to the clinic to be screened (with TruScreen). The referral

pathway is that when the woman has been screened, they then, if

the result is abnormal, they are then sent to the next level of care

which would be the provincial hospital for colposcopy. We intend to

disseminate the TruScreen method throughout the country, so

for us TruScreen really is a good way of ensuring that services are
available to women at the lowest level.”

Vietnam Hospital approval

TruScreen has continued to see traction in Vietnam over recent

months as the country continues its COVID-19 recovery.

As recently announced, TruScreen obtained Ministry of Health

(MoH) approval for daily clinical use in two top hospitals in South

Vietnam. This approval is expected to accelerate other public

hospitals’ MoH approval, with four hospitals currently in the MoH

evaluation process pending approval. Off the back of these

approvals, a TruScreen seminar will run in HCMC in December

aiming to accelerate the rollout of TruScreen following the new

approvals. The seminar is expected to be attended by potential

users, local key opinion leaders, and hospital directors. TruScreen

is also cooperating to make a member of our Medical Advisory

Committee available for the seminars.

In the private sector, a two-day event in collaboration with private

clinics offered free TruScreen exams for local women. This initiative

is expected to be mirrored in other regions with the goal to

familiarise new clinics with the technology to facilitate adoption.

Local distributor GHS has started working to enter community

medical centres. As they work to introduce TruScreen into the

community medical centres, free TruScreen screenings have been

offered to women and initial training of users has commenced.

District 8 medical center in Ho Chi Mihn City is expected to conduct

a pilot program involving 300 women as the first phase of the

community medical centre.

TUV Audits

During the month of August, TruScreen successfully completed two

regulatory annual surveillance audits with no non-conformance.

The successful completion of all these audits allows TruScreen to

maintain our current EC and ISO certifications.

One audit focused on the TruScreen Manufacturing site in Sydney

and the second one on the legal representative site. Both audits

reviewed and inspected the effectiveness and compliance of our

Quality Management System to the requirements of

ISO13485:2016 and the European Council Directives 93/42/EEC

(MDD) – annex II (w/o 4) including the additional requirements of

MDR Article120 (3); there were no non-conformance found in either

one of these audits.

Subsequently, at the beginning of October, we also had to complete

a mandatory un-announced regulatory audit that focused on the

same compliance areas as the August audits. The un-announced

regulatory audit was also successfully completed, with no non-

conformance identified.

Poland marketing activities
TruScreen’s Poland based distributor, Aspironix, continues

marketing efforts with participation in 2 local conferences in

October. The booth was held at the 2

nd

Autumn Congress of the

Academy of Gynecology and Obstetrics and Rodzinna 2022, a

conference targeting for general practitioners and family doctors.

Participation in such conferences helps to facilitate awareness and

acceptance of novel technologies within the healthcare professional

network.

Upcoming Dates

Half Year Resultsby 30th November 2022

TruScreen Group Limited (NZX/ASX:TRU)

Dr Beata Edling

Chief Executive Officer

beataedling@truscreen.com

Tony Ho

Chairman

tonyho@truscreen.com

Investor Relations
The Capital Network

Julia Maguire

+61 2 8999 3699

julia@thecapitalnetwork.com.au

About us

TruScreen Group Limited (NZX/ASX: TRU) is a New Zealand-

based medical device company that has developed and

manufactures an AI-enabled device for detecting abnormalities in

the cervical tissue in real-time via measurements of the low level of

optical and electrical stimuli.

TruScreen’s cervical screening technology enables cervical

screening, and it does not incur issues with sampling and

processing of biological tissues, including failed samples, missed

follow-up, discomfort, and the need for costly, specialised personnel

and supporting laboratory infrastructure.

The TruScreen device, TruScreen ® Ultra, is registered as a

primary screening tool for cervical cancer screening.

The device is EC certified, ISO 13485 compliant and is registered

for clinical use with the TGA (Australia), MHRA (UK), NMPA

(China), SFDA (Saudi Arabia), Roszdravnadzor (Russia), and

COFEPRIS (Mexico). It has Ministry of Health approval for use in

Vietnam, Zimbabwe, Israel, Ukraine, and the Philippines, among

others and has active distribution agreements in 23 countries. It is

also National Medical Products Administration approved for sale in

China.  In 2021, TruScreen established a manufacturing facility in

China for devices marketed and sold in China.

To date, over 170000* examinations had been performed

with TruScreen device and over 200 devices have been installed

and used in China, Vietnam, Mexico, Zimbabwe, Russia, and Saudi

Arabia. TruScreen’s vision is” A world without the cervical cancer”.

*Based on Single Disposable Sheath sales.

To learn more please visit our website

Copyright ©TruScreen Group Limited 2022

Level 6, Equitable House, 57 Symonds Street,

AUCKLAND

New Zealand 1010

All rights reserved.

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