IRC Limited — Delisting Announcement 2016

Jun 27, 2016

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.

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities. This announcement does not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law. This announcement is not for release, publication or distribution in or into, or to any person resident and/or located in, any jurisdiction where such release, publication or distribution is unlawful.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Neither this announcement nor any copy hereof may be taken into or distributed, directly or indirectly, in or into the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company does not intend to make any public offering of securities in the United States and does not intend to register any of its securities under the Securities Act.

ANNOUNCEMENT DELISTING OF CNY650,000,000 8.375 PER CENT. SECURED GUARANTEED NOTES DUE 2018 (Stock Code: 85978)

BY

eSUN INTERNATIONAL FINANCE LIMITED (“COMPANY”)

(Incorporated in the British Virgin Islands with limited liability)

Guaranteed by

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with the benefit of a Keepwell and Security Shortfall Support Deed and a Deed of Equity Interest Purchase Undertaking by

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This announcement is made pursuant to the disclosure obligations under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Listing Rules.

The Company hereby announces the withdrawal of listing of the Notes.

This announcement is made pursuant to the disclosure obligations under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Listing Rules.

Reference is made to the announcement of the Company dated (i) 24 May 2016 regarding the Offer and the Proposal, (ii) 13 June 2016 in relation to the indicative results of the Offer and the Proposal, (iii) 16 June 2016 in relation to the final results of the Offer and the Proposal and (iv) 24 June 2016 in relation to the repurchase and cancellation of the Notes (“ Announcements ”). Capitalised terms not otherwise defined herein shall have the same meanings given to them in the Announcements.

Pursuant to the Offer, the Company has repurchased and cancelled a total of CNY580,810,000 in principal amount of the Notes. The Company has also redeemed and cancelled a total of CNY69,190,000 in principal amount of the Outstanding Notes.

Following the cancellation of the Repurchased Notes and the cancellation of the Outstanding Notes, there are no outstanding Notes in issue.

The Company has applied to The Stock Exchange of Hong Kong Limited for the withdrawal of the listing of the Notes. Such withdrawal of listing is expected to become effective upon the close of business on 5 July 2016.

For and on behalf of eSun Holdings Limited Lui Siu Tsuen, Richard Executive Director and Chief Executive Officer

Hong Kong, 27 June 2016

As at the date of this announcement, the board of directors of eSun International Finance Limited comprises Messrs. Lui Siu Tsuen, Richard, Chew Fook Aun and Lam Hau Yin, Lester.

As at the date of this announcement, the board of directors of eSun Holdings Limited comprises four Executive Directors, namely Messrs. Lui Siu Tsuen, Richard (Chief Executive Officer), Chew Fook Aun, Lam Hau Yin, Lester and Yip Chai Tuck; two Non-executive Directors, namely Madam U Po Chu and Mr. Andrew Y. Yan; and four Independent Non-executive Directors, namely Messrs. Low Chee Keong (Chairman), Lo Kwok Kwei, David and Alfred Donald Yap and Dr. Ng Lai Man, Carmen.

As at the date of this announcement, the board of directors of Lai Sun Development Company Limited comprises four executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer) and Lam Hau Yin, Lester; two non-executive directors, namely Dr. Lam Kin Ming and Madam U Po Chu; and three independent non-executive directors, namely Messrs. Lam Bing Kwan, Leung Shu Yin, William and Ip Shu Kwan, Stephen.

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