Ms. Monita Faris reports

RAFFLES FINANCIAL GROUP SHAREHOLDERS UPDATE, JUNE 8TH, 2026 - CHANGE IN FINANCIAL YEAR END

Raffles Financial Group Ltd.'s board of directors has approved a change in the company's financial year-end from June 30 to Dec. 31.

As a result of this transition, the company's current financial year, which commenced on July 1, 2025, will be extended for an 18-month transitional period to end on Dec. 31, 2026. Thereafter, the financial year of the company will follow a standard calendar year, commencing on Jan. 1 and ending on Dec. 31 of each subsequent year.

The board of directors determined that aligning the company's financial reporting periods across all entities is in the best strategic interest of Raffles and its shareholders based on the following key operational drivers:

• Strategic alignment with operating subsidiaries: The company's primary operating subsidiaries are incorporated in Hong Kong, where the standard fiscal and corporate tax reporting cycle commonly aligns with the calendar year ending Dec. 31. Adjusting the parent company's reporting period eliminates the continuing administrative complexity of preparing separate off-cycle financial statements and performing off-cycle consolidations.
• Operational and cost-efficiency: Synchronizing the financial year-end across all group companies establishes a singular corporate financial cycle. This unified window will substantially streamline statutory audit workflows, maximize internal corporate resource allocation, and lower recurring group consolidated audit and compliance-related professional fees.
• Enhanced financial transparency and clarity: A standardized, uniform financial year-end provides financial markets, lenders and institutional investors with a synchronized look at the group's consolidated performance, financial position and cash flows, directly supporting smooth execution of future corporate exercises and strategic business expansion.

The company will execute the necessary statutory and administrative filings with corporate registries and securities regulatory authorities to formally implement the change in due course in accordance with applicable laws and exchange policies.

About Raffles Financial Group Ltd.

Raffles Financial Group is listed on the Canadian Securities Exchange purchasable under the stock symbol RICH.

We seek Safe Harbor.