ayondo Ltd. announced that Mr. Chan Heng Toong, an Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Risk Committee and Nominating Committee, will retire by rotation pursuant to Regulation 122 of the company's constitution at the AGM. Mr. Chan Heng Toong will not be seeking re-election at the AGM. His retirement from the Board will take effect upon the conclusion of the AGM.