RAFFLESINTERIOR (01376) will contact media to correct the dissemination of allegations related to Zheng Nenghuan and will take legal action if necessary.

Zhitong Finance APP News, RAFFLESINTERIOR (01376) announced that, in relation to allegations concerning, among other things, a demand letter and an anonymous complaint letter regarding Mr. Zheng Nenghuan, an executive director of the company, the board of directors notes that multiple previous announcements expressly or in substance stated that the company was unable at the relevant time to verify or could not confirm the accuracy of the factual statements contained in the relevant complaint letter. Although certain previous announcements recorded that the company had made inquiries to Mr. Zheng Nenghuan, the current board of directors is not aware of any previous announcement disclosing that the then-serving board of directors of the company had, prior to publication of the announcements, completed substantive verification of such allegations, ascertained the identity of the complainant, or obtained independent third-party evidence sufficient to support or refute such allegations. Nevertheless, the previous announcements repeatedly referred to such allegations. The board of directors considers that the previous announcements did not set out in a comprehensive and balanced manner the clarifications and supporting information submitted by Mr. Zheng Nenghuan.