Raytech Holding Limited Expands into Personal Health Care Electronics Services and Appoints Haoyuan Liu as Chairman and Executive Director

(SeaPRwire) –   HONG KONG, April 20, 2026 — Raytech Holding Limited (NASDAQ: RAY) (“RAY” or the “Company”) has announced a strategic shift in its business operations to include services for personal health care electronics. This expansion, which encompasses product design, development, and consulting, has been in active development since the third quarter of the fiscal year ending March 31, 2026 (“FYE2026”).

To spearhead this growth initiative, the Company has appointed Mr. Haoyuan Liu as Chairman of the Board and Executive Director, effective April 15, 2026. According to its Form 6-K interim report, the Company held HK$121.5 million (US$15.6 million) in cash and cash equivalents as of September 30, 2025, ensuring sufficient capital to support this new strategic path.

Strategic Growth in Personal Health Care Electronics Services

The Company is moving forward with a focused expansion into a service-based business model within the personal health care electronics sector. This initiative is being driven by Raytech Innovation Limited, a wholly-owned subsidiary dedicated to design, development, and consulting services. This new venture builds upon the Group’s existing proficiency in personal care appliances established by its trading division, Pure Beauty Manufacturing Company Limited, which will maintain its standard operations.

Worry Free Group (Hong Kong) Limited, the marketing solutions firm fully acquired by Raytech Innovation Limited on December 29, 2025, will remain an independent subsidiary. It will provide marketing expertise and best practices to bolster the development of Raytech Innovation Limited.

Market Potential

Management views the personal health care electronics sector as a significant long-term opportunity fueled by increasing interest in wellness tech. Data from Mordor Intelligence indicates that the Asia Pacific wearable medical device market—a key part of this sector—was valued at roughly US$12.55 billion in 2025 and is expected to hit US$26.83 billion by 2030, reflecting a 16.42% CAGR¹. RAY aims to secure a substantial portion of this expanding market through the specialized services offered by Raytech Innovation Limited.

Enhancing Board and Executive Leadership

Mr. Liu previously held the role of Chief Operating Officer at GoFintech Innovation Limited (HKEX: 0290.HK). He offers a wealth of experience in capital markets, fintech operations, and regulatory compliance across the U.S., Singapore, and Hong Kong. This diverse expertise is expected to be instrumental in leading the Company’s next growth phase. A separate announcement today will provide his full biography.

Mr. Ching Tim Hoi will remain in his vital position as Executive Director. The Board believes the partnership between Mr. Liu and Mr. Ching will provide strong leadership. Mr. Ching’s extensive operational experience and company knowledge are vital to the Group’s strategy and the successful implementation of its expansion plans.

Executive Remarks

Mr. Haoyuan Liu, Chairman and Executive Director, stated: “I am honored to take on this leadership role at such a pivotal time for Raytech Holding Limited. My goal is to establish Raytech Innovation Limited as a premier provider of design and consulting services for personal health care electronics, a market I expect to see led by the Asia Pacific region. Raytech Innovation Limited will drive our primary strategy, and I am dedicated to delivering unique value to our partners. Furthermore, I intend to leverage the strengths of Worry Free Group and Pure Beauty to create a more robust and valuable organization for our shareholders.”

Safe Harbor Statement

This announcement includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause actual outcomes to differ, including challenges in strategy execution, market reception of new services, personnel retention, regulatory changes, and economic shifts. The Company is not obligated to update these statements unless required by law. Detailed risk factors are available in the Company’s SEC filings.

¹ Source: Mordor Intelligence. This third-party research is provided for informational purposes. There is no guarantee that market growth will meet projections or that the Company will capture a specific market share.

Company Overview: Raytech Holding Limited

Raytech Holding Limited (NASDAQ: RAY) is a Hong Kong holding firm with a decade of experience. It manages a personal care appliance trading business via Pure Beauty Manufacturing Company Limited. The Company is now broadening its scope to include design and consulting for personal health care electronics through Raytech Innovation Limited. Marketing services are handled by Worry Free Group (Hong Kong) Limited. A related Form 6-K will be submitted to the SEC.

IR Contact Information:

International Elite Capital
Annabelle Zhang
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Email: annabelle@iecapitalusa.com