Raffles subsidiary changes name to Raffles FinTech

Executive Summary

• Raffles Financial Group Ltd. announced that its wholly owned Hong Kong subsidiary, OakTree Financial Ltd., has officially changed its name to Raffles FinTech Ltd. (RFT) effective July 1, 2025, to better reflect its business focus.
• RFT is providing advisory and arrangement services for trade-finance facilities, including factoring and bill discounting, to help clients manage cash flow and fulfill sales orders.
• The company reported significant commercial traction, securing three-year contracts with two major clients in the biotech and medical construction sectors, as well as four new clients for corporate strategy advisory services.

Key Details

• Subsidiary Name Change: OakTree Financial Ltd. changed its name to Raffles FinTech Ltd. (RFT) with approval from the Hong Kong company registry, effective July 1, 2025.
• RFT Business Model: Provides advisory and arrangement services for trade-finance facilities, curating solutions for procurement financing, accounts receivable monetization (factoring), and bill discounting.
• Trade Finance Clients:
  • Two major clients signed three-year advisory and arrangement service contracts.
  • Client sectors include stem cell biotech and medical facility construction.
  • Revenue structure includes a one-time sign-on service fee and a 2% monthly service fee based on the quantum of funds arranged.
• Corporate Strategy Advisory:
  • Four clients signed up for corporate strategy development and reorganization services.
  • Revenue structure includes a monthly retainer and a success fee upon achieving milestones (e.g., uplisting on a main stock exchange, listing on a digital asset exchange, or listing as a public company).
• Leadership and Operations:
  • The consulting team is headed by Chief Consulting Officer Prof. Kevin Lou.
  • Offices are located in Hong Kong, Shenzhen, and Singapore.
  • The team assists Dr. Charlie In, lead strategist for the corporate strategy advisory unit.
• Contract Novation:
  • A Sales and Purchase Agreement (SPA) initially signed between Xu Zhiyang and Raffles Financial Pte. Ltd. (RFP) on Nov. 4, 2022, was novated to the company on July 31, 2023.
  • The agreement was further novated and signed between Prof. Lou and the company on July 2, 2025.
  • The company approved this novation as Prof. Lou demonstrated the ability to achieve the business and profit objectives outlined in the SPA.

Notable Quotes

• "The change of company name is to reflect the business of the subsidiary."
• "The goal of RFT services is to help clients take on larger sales orders and enjoy a positive cash flow position."
• "The company has agreed to this novation as it is in the best interest of the company for Prof. Lou to deliver the specific performance as spelt out in the SPA."