Raffles Interior Limited — M&A Activity 2024

Nov 27, 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

Raffles Interior Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1376)

CLARIFICATION ANNOUNCEMENT

DISCLOSABLE TRANSACTION IN RELATION TO THE ACQUISITION OF 51% EQUITY INTEREST OF THE TARGET COMPANY INVOLVING THE ISSUE OF CONVERTIBLE NOTE UNDER GENERAL MANDATE

Reference is made to the announcements of Raffles Interior Limited (the "Company") dated 1 August 2023 (the "Announcement"), 15 August 2023, 29 August 2023 and 8 January 2024, in relation to the acquisition of 51% equity interest of 武漢二廠汽水有限公司.

Capitalized terms used herein shall have the same meanings as defined in the Announcement.

The Company would like to clarify that there is an inadvertent clerical error on the definition of "Profit Guarantee Period" in the Announcement, which states:

"the two (2) full financial years commencing after the Completion Date (exclusive of the financial year of the Completion Date)".

Such definition shall be amended to reflect the correct definition under the Agreement as follows:

"the two (2) full financial years commencing after the Completion Date (inclusive of the financial year of the Completion Date)".

Save for the above, all information set out in the Announcement remains unchanged.

By Order of the Board

Raffles Interior Limited

Mr. Wong Heung Ming Henry

Non-executive Chairman and independent non-executive director

Hong Kong, 27 November 2024

As at the date of this announcement, the executive director of the Company is Mr. Ding Hing Hui; the non-executive director of the Company is Ms. Peng Shangfeng; and the independent non-executive directors of the Company are Mr. Gay Soon Watt, Mr. Wong Heung Ming Henry and Mr. Tan Chong Huat.