MGM China announced on August 16, 2024 that the annual cap amount of the third renewed brand agreement with MGM Branding will be revised due to the expected monthly increase in comprehensive revenue. The agreement involves licensing fees, with the original annual caps set at US$57,600 and US$60,000 in 2024 and 2025, respectively, which have been revised to US$90,000 and US$110,000. This is to respond to the expected increase in revenue and future development needs of the company. The controlling shareholder of MGM China is MGM Resorts International, holding approximately 55.95% of the shares, while Ms. Pansy Ho is the major shareholder, directly and indirectly holding approximately 22.49% of the shares. As the transaction involves related parties, it constitutes a continuing connected transaction under the listing rules. The Board of Directors believes that revising the annual cap and establishing the revised version of the agreement is in the overall interests of the Company and shareholders.

MGM China announced on August 16, 2024 that the annual cap amount of the third renewed brand agreement with MGM Branding will be revised due to the expected monthly increase in comprehensive revenue. The agreement involves licensing fees, with the original annual caps set at US$57,600 and US$60,000 in 2024 and 2025, respectively, which have been revised to US$90,000 and US$110,000. This is to respond to the expected increase in revenue and future development needs of the company. The controlling shareholder of MGM China is MGM Resorts International, holding approximately 55.95% of the shares, while Ms. Pansy Ho is the major shareholder, directly and indirectly holding approximately 22.49% of the shares. As the transaction involves related parties, it constitutes a continuing connected transaction under the listing rules. The Board of Directors believes that revising the annual cap and establishing the revised version of the agreement is in the overall interests of the Company and shareholders.