On August 15, 2026, Raytech Holding Limited announced the immediate resignation of Director Shihua Li and Chief Financial Officer Yee Hing Wan. Both confirmed their departures were not due to disagreements with management. The Board appointed Dr. Gen Zhao as an independent director, Audit Committee Chairperson, and member of the Compensation and Nominating committees to fill Mr. Li's vacancy. Dr. Zhao receives $14,400 in annual cash compensation. Additionally, Mr. Songbin Yang was appointed as the new Chief Financial Officer with a base salary of $72,000 annually and eligibility for discretionary bonuses. The company operates in the technology sector.

Raytech Holding Limited closed a registered direct offering of 3,149,832 ordinary shares at $1.97 per share, generating approximately $6.2 million in gross proceeds. The offering included participation from affiliated investors Fortune Genesis Holdings Limited and WK Frater Holdings Limited, who purchased 999,014 shares each under a lock-up agreement through September 20, 2026. Net proceeds are intended for general corporate purposes, strategic expansion into personal health care electronics, and integration costs for the acquisition of Worry free Group (Hong Kong) Limited. Raytech Holding Limited is a company in the consumer electronics industry that manufactures and sells various electronic products.