IRC Limited — Board/Management Information 2012

Jul 13, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Stock Code: 488)

CHANGE OF REMUNERATION COMMITTEE MEMBER

The board of directors (the “ Board ”) of Lai Sun Development Company Limited (the “ Company ”) announces that Mr. Wan Yee Hwa, Edward (“ Mr. Wan ”) has ceased to be a member of the Remuneration Committee of the Company with effect from 30 June 2012. Mr. Wan is a non-executive director of the Company and remains as a member of the Audit Committee of the Company.

By Order of the Board Lai Sun Development Company Limited Kwok Siu Man Company Secretary

Hong Kong, 13 July 2012

As at the date of this announcement, the Board comprises the following members:

Executive Directors: Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman) Lau Shu Yan, Julius (Chief Executive Officer), Lui Siu Tsuen, Richard and Cheung Sum, Sam;

Non-Executive Directors: Dr. Lam Kin Ming, Madam U Po Chu and Mr. Wan Yee Hwa, Edward; and

Independent Non-Executive Messrs. Lam Bing Kwan, Leung Shu Yin, William and Ip Shu Kwan, Stephen. Directors: