The board (the "Board") of directors (the "Directors") of Raymond Industrial Limited (the "Company") announced that Mr. Ng, Yiu Ming ("Mr. Ng") has tendered his resignation from the positions of the Company as an independent non-executive director, the chairperson of the nomination committee of the Company (the "Nomination Committee"), and a member of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee") with effect from 1 October 2021 due to retirement. The Board is also announced that, with effect from 1 October 2021, Dr. Ko, Siu Fung Stephen ("Dr. Ko") will be appointed as an independent non-executive Director, and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee. Dr. Ko, aged 58, is a member of The Hong Kong Institute of Directors and The Hong Kong Independent Non-Executive Director Association. He advises international technological companies' executives and boards on scaling up organizations to the next levels of business performance, connectivity, innovation, and thus sustainability. His executive career has spanned several decades and continents at BASF and Linde Groups in materials, Stryker Corporation in medical technologies and Aspen Technology Incorporated in software. The Board further announces that, following the appointment of Dr. Ko as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee, Mr. Lo, Wilson Kwong Shun, an independent non-executive Director, will be appointed as the chairperson of the Nomination Committee with effect from 1 October 2021.