Core Viewpoint - Raffles Interior (01376) faces serious allegations regarding the competence of its Executive Director and Chairman, Zheng Nenghuan, due to multiple ongoing legal disputes that raise concerns about his credibility and the company's governance [1][2]. Group 1: Legal Issues - Zheng Nenghuan is involved in over a hundred court disputes in China, primarily related to financial lending, equity transfers, and personal loan disputes, spanning from 2014 to 2025 [2][3]. - Specific cases include a contract dispute involving approximately RMB 105 million, a financial lending contract dispute leading to restrictions on high consumption, and multiple instances of being listed as a "dishonest executor" due to unpaid debts [1][2]. Group 2: Board's Response - The board of directors has raised questions regarding Zheng's failure to disclose ongoing lawsuits and the reasons for selective disclosure, emphasizing the need for transparency in accordance with listing rules [2][3]. - The nomination committee is currently reviewing potential actions to maintain the integrity of the board and is conducting an internal investigation to verify the details of the complaint [3].
RAFFLESINTERIOR(01376)接获投诉信有关董事会主席不胜任董事的指控