IRC Limited — Regulatory Filings 2017

Nov 24, 2017

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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(Incorporated in the Hong Kong with limited liability)

(Stock code: 1029)

SUCCESSFUL USE OF THE DRYING UNIT ENSURING ALL-YEAR-ROUND OPERATION OF K&S

Friday, 24 November 2017: IRC Limited (“IRC” or the “Company”, together with its subsidiaries, the “Group”; Stock Code 1029) is pleased to announce that K&S has successfully commenced the use of the Drying Unit to ensure an all-year-round production and sales of K&S.

K&S’ ramping up programme continues to make good progress with the successful commencement of the use of the Drying Unit. The Drying Unit is an essential part of the K&S production line as it removes excessive moisture content from the iron ore concentrates to prevent the product from freezing in cold weather condition. At the beginning of November, K&S conducted loading tests of the rotary drying drums and kilns of the Drying Unit with coal being fed by the conveyor galleries to the kilns. Following the success of these tests, the Drying Unit is now in use for the production of iron ore concentrates under the current winter weather.

Commenting on the news above, Yury Makarov, Chief Executive Officer of IRC said:

“I am glad to report that the Drying Unit has successfully commenced operation, continuing the ramp-up programme at K&S. The Drying Unit will allow K&S for an all-year-round production, providing an ongoing revenue stream and positive cash inflow to the Group.”

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Coal stockpiles near the Drying Unit

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Rotary Drums of the Drying Unit

By Order of the Board IRC Limited Yury Makarov Chief Executive Officer

Hong Kong, People’s Republic of China Friday, 24 November 2017

As at the date of this announcement, the Executive Directors of the Company are Mr Yury Makarov and Mr Danila Kotlyarov. The Non-Executive Directors are Mr George Jay Hambro, Mr Cai Sui Xin (Mr Benjamin Ng as his alternate), Mr Raymond Kar Tung Woo and Mr Cheng Chi Kin. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Simon Murray, CBE, Chevalier de la Légion d’Honneur, Mr Chuang-Fei Li and Mr Jonathan Martin Smith.

IRC Limited

6H, 9 Queen’s Road Central Hong Kong Tel: +852 2772 0007 Fax: +852 2772 0329 Email: ir@ircgroup.com.hk Website: www.ircgroup.com.hk

For further information please visit www.ircgroup.com.hk or contact:

Shirly Chan

Manager – Communications & Investor Relations Telephone: +852 2772 0007 Mobile: +852 9688 8293 Email: sc@ircgroup.com.hk

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