Raffles Interior Limited — Capital/Financing Update 2020

May 24, 2020

Unless otherwise defined, capitalised terms and expressions used in this announcement shall have the same meanings as those defined in the prospectus dated 21 April 2020 (the ‘‘Prospectus’’) of Raffles Interior Limited (the ‘‘Company’’).

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and Hong Kong Securities Clearing Company Limited (‘‘HKSCC’’) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). This announcement is for information purposes only and does not constitute an invitation or offer to sell, acquire, purchase or subscribe for securities or any Shares of the Company. This announcement is not a prospectus. Potential investors should read the Prospectus for detailed information about the Company and the Share Offer described below before deciding whether or not to invest in the Shares.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or subscribe for securities in the United States. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the ‘‘U.S. Securities Act’’) or any state securities laws of the United States. The securities may not be offered, sold, pledged or transferred within the United States, except pursuant to registration or an exemption from or in a transaction not subject to the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There will be no public offer of securities of the Company in the United States.

Raffles Interior Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1376)

END OF STABILISATION PERIOD, STABILISATION ACTIONS AND LAPSE OF OVER-ALLOTMENT OPTION

END OF STABILISATION PERIOD

The Company announces that the stabilisation period in connection with the Share Offer ended on Sunday, 24 May 2020, being the 30th day after the last day for the lodging of applications under the Public Offer.

NO STABILISING ACTIONS AND LAPSE OF OVER-ALLOTMENT OPTION

The Joint Bookrunners have confirmed to the Company that there was no over-allocation under the Placing. Therefore, the Joint Bookrunners (for themselves and on behalf of the Underwriters) did not exercise the Over-allotment Option and no stabilisation action was carried out by Lego Securities Limited as the stabilising manager in relation to the Share Offer during the stabilisation period. Accordingly, no Share was or will be issued under the Over-allotment Option and the Over-allotment Option lapsed on Sunday, 24 May 2020.

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The Directors confirm that the Company is in full compliance with the public float requirement under Rule 8.08(1)(a) of the Listing Rules whereby at least 25% of the total number of Shares in issue at all times be held by the public.

By order of the Board Raffles Interior Limited Chua Boon Par

Chairman, chief executive officer and executive Director

Hong Kong, 24 May 2020

As at the date of this announcement, the Board comprises Mr. Chua Boon Par, Mr. Ding Hing Hui and Mr. Leong Wai Kit as executive Directors; and Mr. Chia Kok Seng, Mr. Gay Soon Watt and Mr. Wong Heung Ming Henry as independent nonexecutive Directors.

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