Carly Holdings Limited advised that Mr. Todd Hunter has stepped down from the Board of Directors of Carly, effective July 21, 2023. Mr. Hunter was appointed to the Board in October 2019 by Turners Automotive Groupfollowing their strategic investment of $1.0 million via placement in June 2019. Mr. Hunter, together with his fellow Board members, has guided the Company through its refocus as a car subscription business.

Mr. Hunter steps down as a director of the Company due to his increasing commitments as CEO of Turners Automotive Group. Turners Automotive Group continues its Turners Subscription business in New Zealand through a licensing arrangement with Carly.