IRC Limited — Share Issue/Capital Change 2017

Jul 18, 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 disclaims 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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(Stock Code: 488)

REVISED TIMETABLE IN RELATION TO PROPOSED SHARE CONSOLIDATION AND

CHANGE IN BOARD LOT SIZE

Reference is made to (i) the announcement of Lai Sun Development Company Limited (the “ Company ”) dated 27 April 2017 (the “ Announcement ”) in respect of the proposed Share Consolidation and Change in Board Lot Size; and (ii) the announcement of the Company dated 22 May 2017 in relation to the delay in despatch of the circular (the “ Delay Announcement ”). Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

REVISED EXPECTED TIMETABLE

As disclosed in the Delay Announcement, the despatch of the circular containing, among other things, further details of the Share Consolidation and a notice convening the GM was postponed to a date to be announced by the Company as soon as practicable. The reason for the postponement of despatch of the circular was that additional time was required to finalise the contents of the circular and the Company was contemplating a potential corporate action.

The Company decided not to proceed with the contemplated potential corporate action and the expected timetable for the Share Consolidation and Change in Board Lot Size is revised and set out below:

Despatch date of circular with notice of the GM ........................................................ 26 July 2017

Latest date and time for lodging transfer documents in order to qualify for attending and voting at the GM ……………………..…...4:30 p.m on 8 August 2017

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Closure of register of members for the entitlement to attend and vote at the GM ………………………...………………….………..….…………...9 August 2017 to 14 August 2017 (both days inclusive) Latest date and time for lodging forms of proxy for the GM .........................................................................................3:00 p.m. on 12 August 2017 Record date for attending the GM……………..…………………………….….....… 14 August 2017 Date and time of the GM ....................................................................3:00 p.m. on 14 August 2017 Announcement of voting results of the GM .............................................................14 August 2017 Effective date of the Share Consolidation ...............................................................15 August 2017 First day for free exchange of existing share certificates for new share certificates for the Consolidated Shares commences …...........................15 August 2017 Dealings in the Consolidated Shares commences ................................9:00 a.m. on 15 August 2017 Original counter for trading in the Existing Shares in board lots of 15,000 Existing Shares (in the form of existing share certificates) temporarily closes .................................................9:00 a.m. on 15 August 2017 Temporary counter for trading in the Consolidated Shares in board lots of 300 Consolidated Shares (in the form of existing share certificates) opens ........................................................9:00 a.m. on 15 August 2017 Original counter for trading in the Consolidated Shares in board lots of 300 Consolidated Shares (in the form of new share certificates) re-opens ……………………………...…......9:00 a.m. on 29 August 2017 Parallel trading in the Consolidated Shares (in form of new share certificates and existing share certificates) commences ………...…………...............................9:00 a.m. on 29 August 2017 Designated broker starts to stand in the market to provide matching services for odd lots of the Consolidated Shares .....................................................................9:00 a.m. on 29 August 2017 Temporary counter for trading in the Consolidated Shares in board lots of 300 Consolidated Shares (in the form of existing share certificates) closes ……….……...…4:00 p.m. on 18 September 2017

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Parallel trading in Consolidated Shares (in form of new share certificates and existing share certificates) ends …………………………………………………….............…...4:00 p.m. on 18 September 2017

Designated broker ceases to stand in the market to provide matching services for odd lots of the Consolidated Shares……………………………...………….….......4:00 p.m. on 18 September 2017

Last day for free exchange of existing share certificates for new share certificates for

the Consolidated Shares …………………………..….........................................21 September 2017

All times and dates in this announcement refer to Hong Kong local times and dates. Dates or deadlines specified in the expected timetable above are indicative only and may be extended or varied by the Company. Any extension or adjustment to the expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.

By Order of the Board Lai Sun Development Company Limited Lam Kin Ngok, Peter Chairman

Hong Kong, 18 July 2017

As at the date of this announcement, the Board 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) and Lam Hau Yin, Lester;

Non-Executive Directors: Dr. Lam Kin Ming and Madam U Po Chu; and

Independent Non-Executive Messrs. Lam Bing Kwan, Leung Shu Yin, William and Ip Shu Kwan, Stephen. Directors:

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