The Board of Directors of ayondo Ltd. announced the following changes in the composition of the Board and the Audit and Risk Committee of the Company: Dr. Foo Fatt Kah is subject to retirement pursuant to Regulation 117 of the Company's Constitution at the Company's forthcoming Annual General Meeting for the Financial Year Ended 31 December 2020 to be held on 28 April 2021 (the "AGM"). Dr. Foo will not be seeking re-election at the AGM and his retirement from the Board as Non-Executive Director of the Company will take effect upon the conclusion of the AGM. Following Dr. Foo's retirement as Non-Executive Director of the Company, he shall cease to be a member of the Audit and Risk Committee of the Company, effective at the conclusion of the AGM. Mr. Tse Man Kit Gilbert, a Non-Executive Director of the Company, has been appointed as a member of the Audit and Risk Committee of the Company with effect from 28 April 2021. The Board does not consider Mr. Tse Man Kit Gilbert to be independent for the purposes of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.