IRC SEHK:1029 Stock Report

IRC Provides Earnings Guidance for the Six Months Ended June 30, 2022

IRC Limited provided earnings guidance for the six months ended June 30, 2022. Group expects to record a profit attributable to the owners of the Company, excluding assets impairment, of between approximately $30 million to $40 million (corresponding period in 2021: profit of $98.3 million).

IRC Limited Announces Executive Changes

IRC Limited, Annual General Meeting, Jun 29, 2022

IRC Limited, Annual General Meeting, Jun 29, 2022, at 14:30 China Standard Time. Location: theDesk United Centre, 5/F, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and consider the reports of the Directors and the Auditor together with the Statement of Accounts for the year ended 31 December 2021; to re-appoint Messrs Deloitte Touche Tohmatsu as Auditor and authorise the Board of Directors to fix their remuneration; to give a general mandate to the Directors to repurchase shares in the Company not exceeding 10% of the number of Shares of the Company in issue; to add shares repurchased to the general mandate to issue new shares in Resolution 5; and to consider any other matters.

IRC Limited Announces Chief Executive Officer Changes

IRC Limited announced that Mr. Yury Makaro will resign as chief executive officer of the company with effect from 31 May 2022. Mr. Danila Kotlyarov will remain with the company and, with effect from 1 June 2022, be appointed as the interim chief executive officer until a new chief executive officer is appointed. Mr. Kotlyarov will manage the group during this period of transition of the management of the group. 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.