IRC shareholders approve rights issue at EGM

IRC Limited announced that the resolution for its rights issue, placing agreement, and underwriting agreement was passed by independent shareholders at an Extraordinary General Meeting (EGM) held on December 16, 2025. The resolution garnered 93,796,289 votes (100.0000%) in favor, with no votes against. Axioma Capital, holding approximately 64.96% of issued shares, abstained from voting as a controlling shareholder and underwriter.

The rights issue will proceed as scheduled. The last day of dealings in shares on a cum-rights basis is set for December 17, 2025, with shares trading on an ex-rights basis from December 18, 2025. Prospectus documents are expected to be dispatched to qualifying shareholders on December 31, 2025.

Shareholders and potential investors are cautioned about the risks of dealing in shares and nil-paid rights shares, as the rights issue is conditional upon the underwriting agreement becoming unconditional and regulatory approval for listing. The EGM was held at Hong Thai Expo and Business Centre, Hong Kong, with all directors attending electronically.