Raffles Interior Limited announced the Board has resolved to appoint Mr. Wong Heung Ming Henry as the lead independent non-executive director effective from 1 June 2022. The principal role of the Lead INED shall be to aid and assist the chairman (the 'Chairman') of the Board, the other members of the Board and the Company in providing effective corporate governance in the management of the affairs of the Board and the Company. In addition to the duties of a Board member, the Lead INED shall have the following specific duties and responsibilities: Relationship with the INEDs: To call and lead meetings with INEDs quarterly and communicate with the Chairman and the Board, as appropriate, on the substance of the discussions taken place at such meetings; To determine the agenda and preside at meetings with INEDs; To act as principal liaison between the INEDs and the Chairman as and when needed; and To report to the Chairman on feedback from the INEDs.

Relationship with the shareholders of the Company (the 'Shareholders'): To provide a channel available to the Shareholders for addressing their concerns when normal channels of communication with the Chairman or the management are inappropriate or inadequate; To ensure that he is available for consultation and direct communication with the Shareholders if requested; Relationship with the Chairman and the Board: To ensure checks and balance within the Board; To ensure that the Chairman is making decisions in the best interest of the Company; To preside at Board meetings if the Chairman is not present; To advise the Chairman as to an appropriate schedule of Board meetings, so that the INEDs can perform their duties responsibly while not interfering with the flow of the Company operations.