IRC (1029) released an announcement dated 22 January 2026 regarding the results of valid applications for its Rights Issue, which offered a total of 638,974,294 Rights Shares on the basis of one Rights Share for every two existing shares.

As of the Latest Time for Acceptance on 15 January 2026, eight valid applications were received, totaling 466,622,154 Rights Shares (approximately 73.03% of the total offered). Under an Irrevocable Undertaking, the underwriter subscribed for 415,050,642 Rights Shares. Consequently, 172,352,140 Rights Shares, equivalent to around 26.97% of the total offered, remain unsubscribed and will be subject to compensatory arrangements.

According to the announcement, a placing agent will seek buyers for the unsubscribed shares on a best-effort basis at a price no lower than the subscription price, with the deadline set for 2 February 2026. Any net gain realized (after deduction of the subscription price and relevant expenses) will be distributed pro rata to the shareholders who did not take up their rights.

The announcement further states that should there be any unsold shares after the compensatory arrangements, the underwriter will subscribe for them in accordance with the underwriting agreement. The final results, including any net gain distribution, are expected to be announced on 5 February 2026. The Rights Issue is subject to fulfilling all relevant conditions by 2 February 2026; otherwise, it will not proceed.