Raytech Holding Limited Announces Strategic Expansion into Personal Health Care Electronics Services; Strengthens Leadership by Appointing Mr. Haoyuan Liu as Chairman and Executive Director

HONG KONG, April 20, 2026 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (“RAY” or the “Company”) today announced a strategic expansion of its business focus toward providing services in relation to personal health care electronics, including product design, development, and consultations, a business development path that has been actively planned and implemented since the third quarter of its financial year ended March 31, 2026 (“FYE2026”).

To lead this strategic growth, the Company also announced the appointment of Mr. Haoyuan Liu as its new Chairman of the Board of Director and Executive Director, strengthening its leadership team, effective as of April 15, 2026. As disclosed in the Company’s interim report on Form 6-K, the Company maintained cash and cash equivalents of HK$121.5 million (US$15.6 million) as of September 30, 2025, providing financial capacity to execute this strategic direction.

Strategic Expansion into Personal Health Care Electronics Services

The Company is executing a deliberate strategic expansion into a services-oriented business line in personal health care electronics. This growth plan is being led by Raytech Innovation Limited, a wholly-owned subsidiary of the Company, which will focus on product design, development, and consultations in relation to personal health care electronics, leveraging the Company and its subsidiaries’ (the “Group”) established expertise in personal care electrical appliances, leveraging the Group’s established expertise in personal care electrical appliances built through its legacy trading arm. That is, Pure Beauty Manufacturing Company Limited, which will continue to operate in an ordinary-course capacity.

Worry Free Group (Hong Kong) Limited, a marketing solutions company that was 100% acquired by Raytech Innovation Limited on December 29, 2025 (as previously disclosed), will continue to operate independently as the Group’s marketing solutions subsidiary, sharing relevant experience and best practices to support the growth of Raytech Innovation Limited.

Market Opportunity

The Company believes the personal health care electronics market presents a compelling long-term growth opportunity driven by rising consumer demand for wellness technology. According to Mordor Intelligence, the Asia Pacific wearable medical devices market, a core segment of personal health care electronics, reached approximately US$12.55 billion in 2025 and is projected to grow to US$26.83 billion by 2030, representing a compound annual growth rate (CAGR) of 16.42%¹. RAY is positioning itself to capture a meaningful share of this high-growth market by providing design, development, and consultation services to this sector through Raytech Innovation Limited.