The board of directors of Raymond Industrial Limited announced that Mr. Leung, Michael Kai Hung, an independent non-executive Director, has retired by rotation at the annual general meeting of the Company held on 22 May 2020 and has not offered himself for re-election due to retirement. Mr. Leung ceased to be the chairman of the audit committee and the remuneration committee, and member of the nomination committee with effect from 22 May 2020.