Appointment of NED and Chair-elect

Appointment of Non-executive Director and Chair-elect

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce the appointment of Mark Cubitt to IQE's Board of Directors as an independent Non-executive Director and Chair-elect. Mark will join the Board as a Non-executive Director with immediate effect and is expected to take over as Chair in H1 2025 following a period of transition with the current Chair, Phil Smith. Phil will step down from the Board upon Mark assuming the chairmanship having served on the Board nearly nine years, including five years as Chair.

Mark has significant experience serving in senior Non-executive and Chair roles across AIM-listed technology businesses. He is currently Non-executive Chairman of Concurrent Technologies plc, a manufacturer of embedded processor solutions, and Beeks Financial Cloud Group plc, a provider of cloud computing services for capital markets infrastructure. Mark has also held a range of senior financial roles within the technology manufacturing sector, including over seven years as CFO of Wolfson Microelectronics plc, a global leader in the supply of semiconductor chips for the digital consumer market.

Phil Smith, Chairman of IQE, commented:

"I am delighted to welcome Mark to the Board of IQE. Mark brings a wealth of expertise to the Company, with a deep knowledge of the technology sector and significant Board-level experience working with AIM-listed businesses. I look forward to working with Mark and I am confident that IQE will be in good hands when he assumes the role as Chair."

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