IRC Limited — Board/Management Information 2021

Dec 7, 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.

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(Incorporated in Hong Kong with limited liability) (Stock code: 1029)

RESIGNATION OF DIRECTORS

Wednesday, 8 December 2021: This announcement is made by IRC Limited (the “ Company ”; Stock Code 1029).

Reference is made to the Company’s announcement dated 6 December 2021 regarding Petropavlovsk PLC (“ Petropavlovsk ”) having disposed of its entire stake in the Company. Following the disposal, Mr Denis Alexandrov and Mr Aleksei Kharitontsev, Petropavlovsk’s nominees to the board of directors of the Company (the “ Board ”) have both resigned as nonexecutive directors of the Company with effect from 8 December 2021. At the same time, Mr Alexandrov has resigned as a member of the Audit Committee and the Health, Safety and Environment Committee of the Company, and Mr Kharitontsev has resigned as a member of the Remuneration Committee of the Company. Mr Alexandrov and Mr Kharitontsev have resigned as a result of Petropavlovsk disposing of its stake in the Company.

Mr Alexandrov and Mr Kharitontsev have confirmed that they have no disagreement with the Board nor are there any matters connected with their resignations which need to be brought to the attention of the shareholders and/or the Stock Exchange.

The Board would like to express its sincere gratitude for the valuable contributions of Mr Alexandrov and Mr Kharitontsev during their tenure of office.

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

Hong Kong, People’s Republic of China Wednesday, 8 December 2021

As at the date of this announcement, the Executive Director of the Company is Mr Yury Makarov. The Non-Executive Directors are Mr Peter Hambro and Mr Danila Kotlyarov. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Jonathan Martin Smith, Mr Raymond Kar Tung Woo and Mr Martin Davison.

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IRC Limited

6H, 9 Queen’s Road Central Hong Kong Telephone: +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:

Kent Lo

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

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