IRC Limited — Board/Management Information 2025

Jul 18, 2025

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LAI SUN DEVELOPMENT

Lai Sun Development Company Limited

(Incorporated in Hong Kong with limited liability)

(Stock Code: 488)

CHANGE IN COMPOSITION OF THE NOMINATION COMMITTEE

The board of directors ("Board" and "Director(s)", respectively) of Lai Sun Development Company Limited ("Company") announces that with effect from 18 July 2025, Madam U Po Chu, a non-executive Director of the Company and Mr. Luk Hon Man, an independent non-executive Director of the Company, have been appointed members of the nomination committee of the Company ("Nomination Committee").

Following the above appointments, the Nomination Committee has one member of a different gender and continues to comprise a majority of independent non-executive Directors. The Nomination Committee consists of one executive Director (namely Dr. Lam Kin Ngok, Peter ("Dr. Lam")), one non-executive Director (namely Madam U Po Chu), and three independent non-executive Directors (namely Mr. Lam Bing Kwan, Mr. Leung Shu Yin, William and Mr. Luk Hon Man). Dr. Lam is the chairman of the Nomination Committee, and Mr. Cheung Sum, Sam, an executive Director, is the alternate to Dr. Lam in his capacity as the chairman of the Nomination Committee.

By order of the Board

Lai Sun Development Company Limited

Lam Kin Ngok, Peter

Chairman

Hong Kong, 18 July 2025

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

Executive Directors: Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Cheung Sum, Sam, (Group Chief Financial Officer), Lam Hau Yin, Lester (also alternate to Madam U Po Chu) and Lee Tze Yan, Ernest;

Non-Executive Director: Madam U Po Chu; and

Independent Non-executive Directors: Messrs. Lam Bing Kwan, Leung Shu Yin, William, Ip Shu Kwan, Stephen and Luk Hon Man.