IRC Limited — Governance Information 2012

Mar 30, 2012

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(Stock Code: 488)

List of Directors and their Roles and Functions

The board of Directors (the “ Board ”) of Lai Sun Development Company Limited currently comprises 11 Directors. Their respective names, roles and principal functions are set out below:

BoardCommitteeBoard	AuditCommittee	ExecutiveCommittee	RemunerationCommittee
Executive Directors
Dr. Lam Kin Ngok, Peter(C) (AR)	-	M	-
Mr. Lau Shu Yan, Julius(Chief Executive Officer) (AR)	-	M	-
Mr. Tam Kin Man, Kraven	-	M	-
Mr. Lui Siu Tsuen, Richard	-	-	-
Mr. Cheung Sum, Sam	-	-	M
Non-executive Directors
Dr. Lam Kin Ming	-	-	-
Madam U Po Chu	-	-	-
Mr. Wan Yee Hwa, Edward	M	-	M
Independent Non-executive Directors
Mr. Lam Bing Kwan	M	-	M
Mr. Leung Shu Yin, William	C	-	C
Mr. Ip Shu Kwan, Stephen,GBS, JP	-	-	-

The Board:

• i) has not established a Nomination Committee whose functions are assumed by the full Board; and

• ii) does not intend to establish a Corporate Governance Committee whose functions will be performed by the Audit Committee with effect from 1 April 2012.

Notes:

AR Authorised Representative appointed under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

• C Chairman of the Board/the relevant Board committees

• M Member of the relevant Board committees

Hong Kong, 30 March 2012