Vection Technologies Limited announced the appointment of Mr. Riccardo Leoni as the Interim Chief Financial Officer ("CFO"). Mr. Leoni takes over from Mr. Derek Hall, who will continue to work as the company secretary after stepping down from his role as CFO. Mr. Leoni is a seasoned financial professional with experience in listed and unlisted entities.

He is expected to play a significant role in establishing the necessary financial reporting structures to enable the Company to achieve its growth plans. As the Company's primary market is in Europe, having a CFO based in Europe is critical to effectively managing the Company's operations going forward.