Rick Boven to Retire from the Board at the Time of Annual General Meeting

AoFrio Limited develops Internet of Things (IoT) solutions and manufactures, markets and sells energy-saving, electronically commutated (EC) motors, connected controllers and fans for worldwide use. The Company’s segments include Motors and IoT. The Company and its subsidiaries manufacture and sell a range of energy-efficient motors and IoT hardware for the food and beverage market. Its IoT Solutions include IoT Solutions for commercial refrigeration, Cellular Enabled Solutions, SCS Refrigeration Controller and Monitor. Its Consumer Engagement: Marketing Solutions include Consumer Engagement, iPX Smart Solutions, and Contactless Devices. Its refrigeration fan motors and accessories solutions include Wellington ECR Motors, fan motor accessories and motor customization and programming. It serves industries, including soft drinks, beer and alcoholic beverages, dairy and ice cream, foodservice, supermarket and convenience and refrigeration OEM partnerships.