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IRC Limited Regulatory Filings 2003

May 5, 2003

49636_rns_2003-05-05_6dbe602f-a961-42bf-8508-5f32b65f4630.htm

Regulatory Filings

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Listed Company Information

LAI SUN DEV<00488> - Exceptional Price Movement

The Stock Exchange has received a message from Lai Sun Development Company
Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.

We have noted the recent increase in the price of the shares of the
Company and wish to state that we are not aware of any reasons for such
increase.

We also confirm that, save for the matters disclosed in the respective
announcements of the Company and the joint announcement of the Company and
eSun Holdings Limited both dated 30th April, 2003, there are no
negotiations or agreements relating to intended acquisitions or
realizations which are discloseable under paragraph 3 of the Listing
Agreement, neither is the Board aware of any matter discloseable under the
general obligation imposed by paragraph 2 of the Listing Agreement, which
is or may be of a price-sensitive nature.

Made by the order of Lai Sun Development Company Limited the Board of
Directors of which individually and jointly accept responsibility for
the accuracy of this statement.


By Order of the Board of
Lai Sun Development Company Limited

Yeung Kam Hoi
Company Secretary

Hong Kong, 5th May, 2003"