Raffles Interior Ltd., a company incorporated in the Cayman Islands, is currently involved in legal proceedings following the issuance of a writ of summons by an Original Vendor. The writ, dated March 31, 2025, claims for the issuance of a Convertible Note and directly conflicts with a previous writ related to the same subject matter. Raffles Interior Ltd. disputes the claims, considering them frivolous, and plans to contest the proceeding. The company intends to seek an order to consolidate the actions of both writs, citing their overlap in subject matter. They are consulting legal advisors and will update shareholders and investors on significant developments in accordance with Hong Kong Stock Exchange Listing Rules. The dispute involves allegations of misrepresentation and breach of an Acquisition Agreement, with concerns over trademark issues related to the ''二廠汽水'' trademark.
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