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TruScreen Stakeholder Newsletter August 2023

Operational Update15 August 2023TRUIndustrials

My recent trip to Asia and Eastern Europe has confirmed that TruScreen
has an outstanding product and distributors who are dedicated to the

TruScreen technology. We are working tirelessly to grow our existing focus

markets China, and Mexico, while expanding into new promising markets.

The first quarter of the financial year started strongly with good year-on-

year growth. Collaborating closely with distributors, we’re maximizing

efforts for national roll out in Zimbabwe, Saudi Arabia, and Vietnam. In

Saudi Arabia, we are driving sales through the largest network of private

clinics and hospitals. Most importantly, in China, we will commence a

large-scale screening project: the Health Check project, which will screen

10,000 women in the next 3 years, in addition to ongoing growth of

commercial operations in China.

We're pleased to have achieved a significant boost to our growth during

the first quarter of this financial year. TruScreen's technology was

endorsed in the latest edition of CSCCP's China Cervical Cancer Screening

Guideline, published in the July 2023 edition of CSCCP's journal, Chinese

Journal of Clinical Gynaecology and Obstetrics. This endorsement

followed a media announcement during the May 2023 national congress of

CSCCP in Beijing.

This achievement builds upon our earlier success at the beginning of the

financial year when TruScreen was included in the prestigious Blue Book in

China. In this publication, the TruScreen brand is featured in a dedicated

chapter on AI technology, recognized as a named AI technology for

cervical cancer screening. Our commitment to advancing healthcare

through cutting-edge AI technology is now acknowledged and endorsed

by leading medical authorities in the field.

As we continue to strengthen our position, we are paving the way for the

evidence-based adoption of our technology in our targeted growth

markets. Thank you for your ongoing support. We value your feedback and

welcome your thoughts. Please visit our website at www.truscreen.com to

get in touch.

Sincerely,

Beata Edling

Chief Executive Officer

*Chinese Clinical Journal of Obstetrics and Gynaecology, July 2023, Vol. 24, No. 4 Chin J Clin Obstet Gynecol July 2023, Vol.24, No.4

NEWSLETTER

AUGUST 2023

TruScreen Group Limited (NZX/ASX:TRU)

In this

issue:

Strengthening

collaborations

in Vietnam

China Visit

TruScreening

program

continues in

Zimbabwe

Presentation at

Biotech NZ,

Dunedin

Regulatory

Updates

CEO Update

AUGUST 2023 NEWSLETTER

PAGE 01

THE CROSS ROAD
PAGE 02

Drs Edling and Tan also visited several prominent hospitals, including Hung

Vuong Gynaecology Hospital, where they met with Dr. Nghiem, Deputy

Director, and other senior doctors and managers to explore potential

collaborations to create a model of care based on TruScreen’s technology.

This meeting offered a valuable opportunity for the TruScreen delegation to

interact with Vietnamese hospitals and listen to doctors' feedback regarding

TruScreen's screening technology. The feedback received from the doctors of

Hung Vuong Hospital was overwhelmingly positive. They acknowledged the

immense potential of TruScreen's Optical-Electrical technology in Vietnam,

recognising the numerous advantages it brings to both patients and

healthcare professionals. The technology's ability to facilitate rapid

screening and early detection of cervical cancer were well received by the

hospital's medical staff, including the Director of Gynaecological Services.

TruScreen is confident on the potential in Vietnam and that we can make a

significant impact on Vietnam's cervical cancer screening landscape.

We have a committed and professional distributor in GHS, and strong

support from key opinion leaders.

AUGUST 2023 NEWSLETTER

PAGE 02

Strengthening Collaborations in Vietnam

TruScreen’s CEO, Dr Beata Edling, and Lead Commercial Manager for APAC,

Dr. Jerry Tan, recently travelled to Vietnam to support the company's

growing presence in the local market. The trip was to strengthen

relationships, gain firsthand understanding of the market, and set the

platform for accelerating performance and business growth in the coming

year. During their visit, the TruScreen team reviewed detailed market

access plans and growth opportunities with the Gorton Health Services

(GHS), TruScreen’s Distributor in Vietnam. GHS has achieved Ministry of

Health approval in new 2 key public hospitals, with plans for

implementation of TruScreen in four other major hospitals well advanced

and our technology has gained strong support from key opinion leaders.

Meeting with the Board of Directors of Hung Vuong Hospital, Ho Chi Mihn City

China Visit
During their recent visit to Beijing, Dr Edling and Dr Tan met with our

Chinese Distributor, Siweixiangtai Tech Co. Ltd (SWXT). The primary

objective of the visit was to explore collaborative strategies to enhance

sales performance and foster business growth. Through this visit, both

parties sought to identify ways of working together effectively to

achieve mutual success and better serve the healthcare needs of the

Chinese population.

Drs Edling and Tan visited a major referral hospital in Beijing, with over

1,000 beds. The Head of the Gynaecology and Obstetrics, Prof Feng, has

shown strong support for the TruScreen technology and sees the AI

technology as an important path forward in achieving eradication of

cervical cancer in China in line with the World Health Organisation’s

strategy objectives. The Chinese Government actively promotes

healthcare technology advancements, and TruScreen’s devices for

China are Made in China.

TruScreen executives also had the opportunity to meet with Professor

Meng, the vice-head of CSCCP and an early adopter and supporter of

TruScreen’s technology. They discussed the future evolution of cervical

cancer screening

technologies in the coming

decade.

Drs Edling and Tan left

China with a better

appreciation of the

progress achieved by

SWXT, and the very

significant potential of

the Chinese market for

years to come.

AUGUST 2023 NEWSLETTER

PAGE 03

THE CROSS ROAD
PAGE 02

TruScreen’s CEO, Dr Beata Edling, presented our

achievements and future plans at the well-regarded

BiotechNZ event on 20th July in Dunedin, New Zealand.

Alongside several reputable biotech companies, we

introduced our “Mission driven growth” amidst the

challenges of the pandemic. The event, sponsored by ASX,

NZX and major companies, attracted numerous investors.

Our presentation received an enthusiastic reception

leading to further investor interest and potential

collaboration opportunities

AUGUST 2023 NEWSLETTER

PAGE 04

TruScreening Program Continues

in Masvingo Province, Zimbabwe

TruScreen is delighted to share that the Zimbabwe

government’s TruScreening program resumed in June 2023,

with strong screening numbers seen over the first two

months.

The program in Masvingo Province is a collaborative effort

between the Ministry of Health and Child Care, National

AIDS Council, and local health partners. The program

provides screening services to women in remote and

clinically under-served communities, where access to

healthcare can be limited. The screening program, which

began in 2022, has screened over 15,000 women in

Masvingo Province (as at 31 July 2023).

Cervical cancer is a significant health issue in Zimbabwe.

However, many women lack access to adequate screening

and treatment services, which puts them at a greater risk of

developing advanced-stage cancer that can lead to

death. TruScreen's innovative technology addresses this

gap by providing accessible screening services to women in

the region.

Presentation at the BioTech New

Zealand, Dunedin

AUGUST 2023 NEWSLETTER
PAGE 05

MDR readiness

As previously reported, the Medical Device Regulation (MDR) is a new global

regulatory framework that replaced the Medical Device Directive (MDD) for

medical devices being made and/or sold in the European Union after May

2024. The MDR strengthens the safety and efficacy of medical devices,

improves patient safety, and enhances transparency and accountability in

the medical device industry. The MDR introduces more stringent

requirements for manufacturers, including increased clinical evidence

requirements, stricter pre-market controls and post-market surveillance

requirements, and new rules for economic operators, such as importers and

distributors.

TruScreen’s activities in support of the transition to MDR are well underway

and the formal application process for MDR certification has commenced.

TruScreen has secured the necessary audit by the notified body, TUV SUD

Singapore, to seek MDR conformity assessment by May 2024.We are

confident, we meet the criteria for compliancy. While costly and effort-

consuming, achieving the MDR compliance will ensure that TruScreen

technology is competitive and trusted as a leading medical device

NMPA variation application

TruScreen is in the final stages of completing its Chinese regulatory (NMPA)

variation approval submission. This important milestone will grant approval

for the latest TruScreen device updates and recertification to the updated

NMPA standards. Submission is on track to be completed by the end of

August 2023, further strengthening TruScreen’s position in the Chinese

market.

Mexico

In January 2023, TruScreen took a significant step to register our technology

and device with COFEPRIS. This will facilitate the regulatory evaluation

process to obtain updated approval, enabling TruScreen to enter the public

health sector, including government screening programs. Such programs

present promising opportunity to expand TruScreen’s marketing reach in

Mexico. We expect the COFEPRIS decision by December 2023.

Russia-Kazakhstan certification renewal

All documents required for the certification renewal of TruScreen in Russia

and Kazakhstan have been submitted to our distribution partner for

submission to local regulators. We are currently waiting for a response from

these regulators, which is expected within the next 6 to 12 months.

This Newsletter has been approved by The Board.

Regulatory Update

AUGUST 2023 NEWSLETTER
PAGE 06

TruScreen Group Limited (NZX/ASX: TRU) is a 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,

negating sampling and processing of biological tissues, 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 device for cervical cancer screening.

The device is CE Marked/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, Israel,

Ukraine, and the Philippines, among others and has distributors in 29

countries. In 2021, TruScreen established a manufacturing facility in

China for devices marketed and sold in China.

TruScreen technology has been recognised in CSCCP’s (Chinese

Society for Colposcopy and Cervical Pathology) China Cervical Cancer

Screening Management Guideline.

TruScreen has been recognised in a China Blue Paper “Cervical Cancer

Three Stage Standardized Prevent and Treatment” published on 28

April 2023.

In financial year 2023 alone, over 140,000* examinations have been

performed with the TruScreen device. To date, 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”©.

To learn more, please visit: www.truscreen.com/.

*Based on Single Use Sensor sales.


About TruScreen

For more

information about

the cervical cancer

and cervical cancer

screening in New

Zealand and

Australia, please

see these useful

links:

New Zealand:

National Cervical

Screening

Programme |

National Screening

Unit (nsu.govt.nz)

Australia: Cervical

cancer | Causes,

Symptoms &

Treatments |

Cancer Council

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.