Core Viewpoint - Raffles Interior (01376) has received an anonymous complaint questioning the competence of its Executive Director and Chairman, Zheng Nenghuan, due to multiple ongoing legal disputes involving significant financial implications [1][2]. Group 1: Legal Issues - Zheng Nenghuan is involved in over a hundred court disputes and lawsuits in China, with notable cases including a contract dispute amounting to approximately RMB 105 million and various financial lending disputes [1][2]. - Specific cases highlighted include: 1. A contract dispute where Zheng is a defendant, with an amount of RMB 105 million still in execution [1]. 2. A financial lending dispute leading to restrictions on high consumption due to court orders [1]. 3. A case involving a repayment obligation of RMB 70.42 million where Zheng was labeled a "dishonest executor" [1]. 4. Additional disputes related to private lending and financial contracts, spanning from 2014 to 2025 [2]. Group 2: Corporate Governance Concerns - The board of directors has raised concerns regarding Zheng's failure to disclose multiple ongoing lawsuits and the reasons for selective disclosure [2]. - The board's nomination committee, led by Chairman Chen Congfa, had previously approved Zheng's candidacy, but is now reviewing the situation in light of the complaints [2][3]. - The board is considering necessary actions to maintain overall integrity and is initiating an internal investigation to verify the details of the complaint [3].
RAFFLESINTERIOR接获投诉信有关董事会主席不胜任董事的指控