IRC Limited — Capital/Financing Update 2021

Jul 28, 2021

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 an offer to acquire, purchase or subscribe for securities. The Notes (as defined below) will not be registered under the United States Securities Act of 1933, as amended (the “ Securities Act ”), or the securities laws of any other jurisdiction and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act (“ Regulation S ”)), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Notes will be offered and sold outside the United States and to non-U.S. persons in compliance with Regulation S.

NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED

LAI SUN MTN LIMITED

(incorporated with limited liability under the laws of Hong Kong) (the “ Issuer ”)

U.S.$250,000,000 5.00 per cent. Guaranteed Notes due 2026 (the “Notes”)

(Stock Code: 40782)

under the

U.S.$2,000,000,000 Medium Term Note Programme (the “Programme”)

unconditionally and irrevocably guaranteed by

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LAI SUN DEVELOPMENT COMPANY LIMITED

麗新發展有限公司

(the “ Guarantor ”) (Stock Code: 488)

Joint Lead Managers

BNP PARIBAS DBS Bank Ltd. HSBC

UBS

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only, as described in the Offering Circular relating to the Programme dated 25 June 2021 and the pricing supplement relating to the Notes dated 21 July 2021. Such listing of, and permission to deal in, the Notes is expected to become effective on or about 29 July 2021.

Hong Kong, 28 July 2021

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As at the date of this announcement, the board of directors of the Guarantor comprises the following members:

Executive Directors: Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer), Lam Hau Yin, Lester (also alternate to Madam U Po Chu) and Tham Seng Yum, Ronald; Non-Executive Director: Madam U Po Chu; and Independent Non-Executive Messrs. Lam Bing Kwan, Leung Shu Yin, William, Ip Shu Kwan, Directors: Stephen and Leung Wang Ching, Clarence.

As at the date of this announcement, the board of directors of the Issuer comprises Dr. Lam Kin Ngok, Peter, Messrs. Chew Fook Aun, Lau Shu Yan, Julius and Lam Hau Yin, Lester.

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