Raffles Financial Announces Death of Independent Board Director

Singapore, Singapore--(Newsfile Corp. - September 27, 2021) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) today announced with deep sadness that David Anthony Bruzzisi, an independent director of the Company, died unexpectedly on September 20, 2021. Mr. Bruzzisi served as a member of the Board of Directors since 2020.

Charlie In, Chairman, of Raffles, commented, "We mourn the untimely passing of David Bruzzisi. David was an outstanding director, leader, and mentor, as well as a wonderful colleague and friend to many of us. We will miss him dearly. We extend our deepest condolences to his wife and the entire Bruzzisi family."

About Raffles Financial Group Limited

Raffles Financial Group is listed on the Canadian Securities Purchase under the stock symbol (RICH: CN), the Frankfurt Stock Purchase under the stock symbol (4VO: GR) and the OTC Markets under the stock symbol (RAFFF: OTCQX).

Raffles Financial Pte Ltd is the operating subsidiary of Raffles Financial Group Limited.

Please visit www.rafflesfinancial.co for more information.

Raffles Financial Private Limited (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. RFP serves as advisor for family trusts, family offices and investment funds.

For more information, please contact:

Dong Shim
CFO
604-283-9853

Monica Kwok, Investor Relations
Phone: +65 6909 8765
Email: monica@rafflesfinancial.co

Neither the Canadian Securities Purchase nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Purchase) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97697