RAFFLESINTERIOR(01376): The court has granted an injunction, prohibiting Zheng Nenghuan and Han Chen from further making defamatory statements.

RAFFLESINTERIOR (01376) announced that, as disclosed in the circular of the special general meeting for shareholders, on November 21, 2025, the Board received a request notice from shareholders requesting the Board to convene a special general meeting to consider (including) the removal of all directors except Mr. Zheng Nenghuan (Mr. Zheng), who is an executive director of the Company and has been suspended from his administrative and management duties since December 15, 2025. Shareholders provided reasons for the proposed removal of Mr. Chen in the request notice, details of which are disclosed in the circular of the special general meeting. The Company has been informed by Mr. Chen that on April 16, 2026, the High Court of the Hong Kong Special Administrative Region issued a judgment against defendant Mr. Zheng and Han Chen Holdings Limited (Han Chen), ordering them to make a public and formal apology to Mr. Chen (as the plaintiff in the application) in a local newspaper; and granting an injunction prohibiting Mr. Zheng and Han Chen from making further defamatory statements. As the application involved several false and defamatory statements against Mr. Chen as stated in the circular of the special general meeting, the Court also agreed to revoke the circular of the special general meeting, and ordered Mr. Zheng and Han Chen to urge the Company to revoke the circular of the special general meeting and publish a clarification notice. The Board reminds shareholders and potential investors that the judgment may be subject to appeal.