IRC Limited announced that Mr. Yury Makarov (Mr. Makarov) has resigned as an executive director due to personal reasons and to pursue other business opportunities. Mr. Danila Kotlyarov (Mr. Kotlyarov) has resigned as an executive director of the company due to the foregoing changes to the board. Mr. Makarov and Mr. Kotlyarov 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 of Hong Kong Limited.