Northwire Canada EditionMonday, July 13, 2026
Northwire
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Management Routine +

Raffles Financial Group Shareholders Update

RICH · Price

Executive Summary

  • Raffles Financial Group Limited announced the resignation of CEO Mr. Huang Chuan, effective March 31 2026.
  • The Board appointed Ms. Zhang Liying (Abigail Zhang) as the new CEO, effective April 1 2026.
  • The company also disclosed that its FY‑2025 Annual Report has been published and that it is preparing an application to lift a Cease Trade Order and resume trading on the CSE and OTCQB.

Key Details

  • Resignation: Mr. Huang Chuan stepped down as CEO; resignation accepted by the Board, effective 31 Mar 2026.
  • New Appointment: Ms. Zhang Liying (Abigail Zhang) appointed CEO, effective 1 Apr 2026. She has been an Executive Director since April 2020 and a member of the Audit Committee.
  • Strategic Focus: Ms. Zhang will lead the Group’s “Future Plan,” including expansion of trade‑finance revolving credit services and realization of inventory assets in 2026.
  • Annual Report Publication: FY 2025 Annual Report and audit report are now available on the company website (link provided).
  • Trading Resumption Effort: The Company is working with advisors to file an application for release of the Cease Trade Order and resume trading on the Canadian Securities Exchange (CSE) and OTCQB.

Notable Quotes

“We thank Mr. Huang for his efforts in navigating the Company through past challenges. As we move into a pivotal growth phase and work towards the resumption of trading on the CSE, we are delighted to appoint Ms. Zhang as CEO. Her leadership and familiarity with our regional mandates make her uniquely qualified to execute our vision for 2026 and beyond.” – Dr. Charlie In, Chairman, Raffles Financial Group


Materiality Assessment: Material – Neutral (CEO transition is a material corporate event but the release does not contain forward‑looking financial guidance or earnings impact.)

Read the original news release →

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