IRC (01029) completes the sale of a 46% stake in the joint venture company.

IRC (01029) announced that it has sold 46% equity of Heilongjiang Jianlong Vanadium Industry Co., Ltd. (joint venture company) according to the equity transfer agreement. It is reported that all the prerequisites and all government registration and filing procedures required for the transfer of 46% equity of the joint venture company in China have been completed, and the group has received a consideration of approximately RMB 32.20 million (equivalent to approximately USD 4.50 million) for the sale on September 17, 2025. Following the completion and as of the date of this announcement, the group will no longer hold any equity in the joint venture company.