IRC Limited — Board/Management Information 2021

Aug 25, 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.

==> picture [154 x 79] intentionally omitted <==

(Incorporated in Hong Kong with limited liability)

(Stock code: 1029)

(1) APPOINTMENT OF DIRECTORS TO BOARD COMMITTEES AND

(2) COMPLIANCE WITH AUDIT COMMITTEE REQUIREMENTS

Wednesday, 25 August 2021: The Board of Directors (the “ Board ”) of IRC Limited (“ IRC ” or the “ Company ”, together with its subsidiaries, the “ Group ”; Stock Code 1029) is pleased to announce that certain members of the Board have been appointed to Board Committees of the Company, as detailed herein, and following the change in the composition of the Audit Committee, the Company is fully compliant with Rule 3.21 of the Listing Rules.

With effect from the date of this announcement:

• Mr Raymond Woo, an Independent Non-Executive Director, has been appointed as the Chairman of the Audit Committee and a member of the Health, Safety and Environment Committee;

• Mr Martin Davison, an Independent Non-Executive Director, has been appointed as a member of the Remuneration Committee;

• Mr Alexey Kharitontsev, a Non-Executive Director, has been appointed as a member of the Remuneration Committee; and

• Mr Denis Alexandrov, a Non-Executive Director, has been appointed as a member of the Health, Safety and Environment Committee.

Please refer to the List of Directors and Their Role and Function published by the Company on the same date as this announcement for details of the full membership of each Board Committee as at the date of this announcement.

Reference is also made to the announcement of the Company dated 25 June 2021 in relation to, among other matters, the retirement of an Independent Non-Executive Director and, accordingly, the Company ceasing to be compliant with certain Audit Committee requirements under Rule 3.21 of the Listing Rules.

– 1 –

Following the appointment of Mr Woo as the Chairman of the Audit Committee, the Company is in full compliance with the requirements under Rule 3.21 of the Listing Rules.

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

Hong Kong, People’s Republic of China Wednesday, 25 August 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, Mr Danila Kotlyarov, Mr Denis Alexandrov and Mr Aleksei Kharitontsev. The Independent Non-Executive Directors are Mr Daniel Bradshaw, Mr Jonathan Martin Smith, Mr Raymond Kar Tung Woo and Mr Martin Davison.

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

– 2 –