Business Context and Reporting Period
This Form 6-K filing by Raytech Holding Ltd covers the month of May 2025, specifically dated May 19, 2025. The report details significant changes to the Company's Board of Directors, including the resignation of a director and the appointment of a successor.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure regarding corporate governance and does not contain financial performance data.
Material Changes
- Resignation: Mr. Yiu Wing Hei resigned as a director effective immediately on May 19, 2025, citing personal reasons. The Company confirmed no disagreement regarding operations, policies, or practices.
- Appointment: Mr. Li Shihua was appointed as a new director to succeed Mr. Yiu. He was also appointed as Chair and member of the Audit Committee, and as a member of the Nomination and Corporate Governance Committee and the Compensation Committee.
- Qualifications: Mr. Li is deemed an independent director and an "audit committee financial expert" under SEC regulations. He possesses over 10 years of financial industry experience, including roles at WellCell Holdings Co., Ltd. and Silkroad Goldenbridge Capital Management Limited.
Guidance, Outlook, and Compensation
The filing contains no financial guidance, outlook, or management commentary on business operations. Regarding compensation, Mr. Li's offer letter stipulates an annual cash compensation of $14,400, payable quarterly. An indemnity agreement was also executed.
Key Facts for Investor Verification
- Verify the effective date of Mr. Yiu Wing Hei's resignation and the immediate succession by Mr. Li Shihua.
- Confirm Mr. Li Shihua's independence status and his specific committee assignments (Audit, Nomination, Compensation).
- Note the annual director compensation of $14,400 for Mr. Li.
- Review the attached exhibits (Offer Letter and Indemnity Agreement) for full contractual terms.