RFA Successfully Registered as an Exempted Corporate Finance Advisor

Singapore, Singapore--(Newsfile Corp. - January 11, 2022) - Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTCQX: RAFFF) ("RFG" or the "Company") wish to announce that its operating subsidiary, Raffles Financial Advisory Pte Ltd ("RFA", formerly known as Alto Vencap Pte. Ltd.), which was acquired by the Company in September 2021, has successfully registered as an Exempt Corporate Finance Adviser with the Monetary Authority of Singapore. An Exempt Corporate Finance Adviser providing corporate finance advisory services can serve accredited investors, expert investors, or institutional investors, and is exempted from licensing and business conduct requirements under the Securities and Futures Act and the relevant regulations.

"Apart from being a business advisory company before, now RFA can be the standalone financial advisor serving mid-size companies by providing a suite of financial services such as corporate finance advisory in IPO, RTO, M&A, family office & trust fund management, REIT & digital asset fractionalization and listing in Singapore," exclaimed Albert Fan, Director of RFA.

About Raffles Financial Group Limited

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

For more information, please contact:

Dong Shim, CFO
604-283-9853 OR
Monica Kwok, Investor Relations

Phone: +65 6909 8765
Email: monica@rafflesfinancial.co

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange 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/109767