IRC (Stock Code: 1029) Announces EGM on 16 December 2025 for Proposed Rights Issue

Bulletin Express

Nov 25, 2025

IRC Limited (Stock Code: 1029) has issued a notice of an Extraordinary General Meeting (EGM) scheduled for Tuesday, 16 December 2025, at 2:30 p.m. The meeting will be held at Hong Thai Expo and Business Centre, 5/F, United Centre, 95 Queensway, Admiralty, Hong Kong, to consider and, if thought fit, pass an ordinary resolution relating to a proposed rights issue.

The proposed rights issue involves the issuance of not more than 638,974,294 new ordinary shares on a one-for-two basis at a subscription price of HK$0.51 per share to qualifying shareholders whose names appear on the register of members of the company on Tuesday, 30 December 2025. Axioma Capital FZE LLC is serving as the underwriter under an Underwriting Agreement dated 24 October 2025, and First Shanghai Securities Limited has been appointed as the placing agent through a Placing Agreement, also dated 24 October 2025, for any unsubscribed or non-qualifying shares. The rights issue remains subject to various conditions as outlined in the official announcement.

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