The stock offering has become unconditional.

IRC (01029) announces that the total number of shares offered for subscription according to the rights issue is 639 million shares (offer shares). As of 4:00 pm on January 15, 2026 (Thursday), a total of 8 valid applications involving a total of 467 million shares of subscription shares (approximately 73.03% of the offer shares) have been received. In accordance with the irrevocable commitments, underwriters have subscribed for their provisionally allocated 415 million shares of subscription shares. The remaining 172 million shares of unsubscribed subscription shares (approximately 26.97% of the offer shares) are subject to compensation arrangements. As of 4:00 pm on February 2, 2026 (Monday) (the deadline for the allocation of unsubscribed subscription shares), there have been no successful allocations of unsubscribed subscription shares based on compensation arrangements. Therefore, no net proceeds have been realized for distribution to non-exercising shareholders under the compensation arrangements. Since all conditions set forth in the subscription agreement and underwriting agreement have been met, and the subscription agent and underwriters have not terminated the subscription agreement and underwriting agreement respectively, the rights issue has become unconditional as of 4:00 pm on February 2, 2026 (Monday). Due to the undersubscription of subscription shares and unsubscribed subscription shares, a total of 172 million shares of underwritten shares (approximately 26.97% of the offer shares) have been underwritten. Underwriters have fulfilled their underwriting obligations by subscribing for all 172 million shares of underwritten shares as per the underwriting agreement. Based on the 172 million shares of underwritten shares underwritten by the underwriters, together with the 415 million shares of subscription shares provisionally allocated to the underwriters and subscribed by them, and the number of shares held by the underwriters on the record date, the total number of shares held by the underwriters is 1.4175 billion shares (approximately 73.95% of the enlarged issued share capital of the company after the rights issue).