ayondo Ltd. announced the resignation of Thomas Winkler as Non-Executive Director and Chairman. Due to the changing geographic focus of the Company's businesses from Europe to Asia following the disposal of ayondo Markets Limited (former subsidiary of the Group in the United Kingdom) in June 2019, and the liquidation proceedings of ayondo Holding AG and ayondo GmbH (subsidiaries of the Group in Switzerland and Germany, respectively) in August 2019, Mr. Winkler is of the view that the Company's future businesses should be led by a resident of the Asian region with appropriate experience and knowledge to give strategic leadership. The Board will discuss with the incoming investor on a suitable candidate for the chairmanship following the Extraordinary General Meeting to be convened for shareholders approval for the proposed issue of the convertible notes announced on 22 August 2019. Notwithstanding Mr. Winkler's resignation from the Board, he has committed to the Board that he will continue to remain as the chairman and director of ayondo Holding AG and work closely with the liquidators to ensure that the statutory obligations are complied with and report any material updates on ayondo Holding AG and its subsidiaries, namely, ayondo GmbH Social Trading Netzwerk GmbH Sycap Group (UK) Limited and ayondo Portfolio Management GmbH, to the Board accordingly. The Company's sponsor, UOB Kay Hian Private Limited, after having interviewed Mr. Winkler, is not aware of any other material reasons for the resignation of Mr. Winkler as Non-Executive Director and Chairman.