Raffles Financial Group Limited announced that Dr In Nany Sing Charlie, the Director and Chairman of the Board of the Company, has informed the Board that due to his age and current medical condition, in particular, discovery of urology problems that required immediate comprehensive diagnosis and treatment at hospital, he was no longer able to serve as a director and chairman of the Company. He served a resignation letter for his retirement from these roles, at the same time he offered himself to act as the Board's Advisor to provide strategic advice and insight to the Board on ad-hoc basis. The redesignation of these roles was effective on 1 July 2023.