Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 25, 2021, Marshini Thulkanam resigned
as Chief Executive Officer, President and Secretary of Rayont, Inc. (the “Company”). Also, on March 25, 2021 in the best interests
of the Company, the Board appointed Aleem Sheikh to be President, d Chief Executive Officer and a Director the Company and Dhurata Toli
to be Secretary of the Company. Ms. Thulkanam shall remain Chief Financial Officer and a Director of the3 Company. The Board thanks Ms.
Thulkanam for all of her past hard work on behalf of the Company as its CEO, President and CFO.
Aleem Sheikh-President and CEO and Director
Aleem was previously a Managing Director
and Group Chief of Staff at ACWA Power before his appointment in 2016 as a Director to the largest public university in the USA, Arizona
State University. He joined ACWA Power in 2014 from Swiss Company, Oerlikon, where he was President and Chairman/CEO of the Solar Company
based in China. Prior to this, in 2011 he was Vice President of Strategic Partnerships for BP p.l.c and resided in China for over 10 years.
Aleem also led the Board oversight for manufacturing, operations, and development of Solar Panel production facilities at Tata/BP Solar
in India. He is a forward thinking and proactive professional executive with a broad range of experience in contributing to the performance
of a global company.
Aleem began his career at BP in 1997
where he worked in Commercial, Retail, Operations and Marketing in the UK. Following a series of mergers and acquisitions, he became Global
Early Integration Director and held offices across the world. He then joined BP HR as Head of Resourcing for the UK/European Regions to
bring a business focus to a functional organization. He later moved to China to become Commercial Director and Chief of Staff for BP in
Australasia, Asia-Pacific, and the Indian-Subcontinent. In China alone, he helped grow BP to a $5 billion revenue business with over 1,300
employees.
He joined BP Alternative Energy in 2008.
With over 3,000 employees, the business operated Solar manufacturing plants in the U.S., Europe & AsPac, and developed, constructed,
and operated solar and wind farms in the U.S., Europe, India & China. During his tenure, the wind business completed U.S. utility-scale
project financing, construction, and operations. The solar business unit completed utility-scale and distributed generation solar project
financing, construction, and operations. As well as leading the strategic development of this business, he also acted as Deputy CEO and
set up the operations from San Francisco. He was a member of the BP Global Leadership Team & served as Non-Exec Director for companies
in the USA, China & India including Tata BP Solar where he also acted as Chairman of the Audit Committee. He later joined Oerlikon
Solar before divesting it for approx. CHF0.25 billion. He continues to hold Non-Exec Director/Chairman positions across the world.
Dhurata Toli-Secretary
Ms. Toli has extensive experience in
both government and private sector for over 20 years in financial analyses, accounting, financial controls, reporting and taxation, financial,
market risk profiling, trainings.
Ms. Toli started her career with NOA
in management and risk analysis before managing a branch of BKT Bank. Thereafter, she worked with the Municipality of Tirana as Director
of Operations and then with Abkons company on the Trans Adriatic Pipeline as a Financial Consultant. In 2017, Ms. Toli became the Financial
Controller and Secretary of a USA public corporation with subsidiaries in Australia and Malaysia, overseeing all aspects of the Company’s
accounting functions including planning, executing, controlling, reporting all financial matters and as an active member of the M&A
team. In addition, she was the Board Secretary for Corporation.
Ms. Toli earned her Master of Science
degree in banking from the University of New York Tirana in collaboration with the Institute Universitaire Kurt Bosch in Switzerland and
Master’s Degree in Finance and Accounting from Tirana University.She also holds an Approved Accounting Certificate, Real Estate
Appraiser and “Six Sigma Quality Improvement Project” for “Loan Assessment and Approval Process Mapping “delivered
by IMPACT W.L.L.
