RAFFLESINTERIOR (01376.HK): Board resolves to seek correction or removal of media reports

NewTimeSpace News: On 9 October 2026, Raffles Interior Limited (stock code: 01376) announced on a voluntary basis that its Board resolved on 8 October 2026 to authorise any executive Director or employee to liaise with relevant media in respect of certain reports and posts and to request that such reports and posts be corrected or removed, and to authorise such persons to take actions they consider necessary or appropriate against any media that fails to cooperate, including taking legal actions.

The announcement referred to the Company's announcements dated 20 November 2025, 24 November 2025, 28 November 2025, 13 January 2026, 1 February 2026, 29 April 2026, 17 May 2026 and 11 June 2026, which concerned a demand letter and allegations contained in anonymous complaint letters regarding Mr. Zheng Nenghuan, an executive director of the Company. The Board noted that a number of the Previous Announcements stated that the Company was at the material time unable to verify, or was not in a position to confirm, the accuracy of the factual assertions in the relevant complaint letter, and that the current Board is not aware of any of them disclosing that the board then in office had, prior to publication, completed a substantive verification of the allegations, identified the complainant, or obtained independent third-party evidence.

The Board is of the view that the Previous Announcements did not set out, in a full and balanced manner, the clarifications and supporting materials submitted by Mr. Zheng, and is concerned that certain media reports and social-media posts reproducing or quoting from them may result in unverified information remaining in the market and may cause confusion among shareholders and potential investors.

As disclosed in the Company's announcement dated 24 September 2026, the Board resolved to establish a new independent board committee and approved the scope of its investigation, which does not presuppose any conclusion but is intended to ensure that the facts are fully ascertained.

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