Changes to US and China Tariffs Have No Impact on TruScreen

NZX/ASX Announcement

7/04/2025

Changes to US and China Tariff Regimes have no impact on TruScreen

• TruScreen’s unique AI enabled cervical cancer screening device is not impacted by changes to the US and China proposed tariff regimes
• Focus on emerging markets ensures TruScreen sales are unaffected by increased tariffs on Australian products entering the USA
• TruScreen markets both an Australian and a Made in China device providing a dual product strategy in the key China market, with preferential market access for China manufactured products
• China proposed retaliatory 34% tariff on US made products entering China strengthen TruScreen’s domestic manufactured advantage

TruScreen Group Limited (“TruScreen” or “the Company”) advises that its unique AI enabled cervical cancer screening device is not impacted by changes to the US and China proposed tariff regimes.

TruScreen has pursued an emerging markets strategy. The United States is currently not a distribution territory or strategic focus for TruScreen.

The TruScreen device is a particularly appropriate primary cervical cancer screening tool in regions with high mortality to cervical cancer. TruScreen’s growth strategy focuses on emerging markets, especially China, and Low and Middle Income Countries (LMICs) such as India, Indonesia, Mexico, Vietnam, Uzbekistan and Zimbabwe.

TruScreen manufactures both an Australian and a Chinese made device. This strategy de-risks government policy changes in the key China market, where there is a preferential purchasing policy for China manufactured products.

The announcement that China proposes to impose a retaliatory 34% tariff on US made products into China will strengthen TruScreen’s Made in China competitive advantage over imported US manufactured cytology (pap smear) and HPV DNA products.

This announcement has been approved by the Board.
Ends
For more information, visit www.truscreen.com or contact:
Martin Dillon
Chief Executive Officer
martindillon@truscreen.com

Guy Robertson
Chief Financial Officer
guyrobertson@truscreen.com

Announcement PDF