$Aobo Holdings (00880.HK) $It was announced that the company's main subsidiary, Australian Entertainment Integrated Vacation Co., Ltd., is applying to the Macao Government for a 10-year gaming license starting January 1, 2023, and is participating in the bidding process initiated by the Macao Government. Currently, the issued share capital of Australian Entertainment is MOP 300 million, including 2.7 million Group A shares (accounting for 90% of the issued share capital) and 300,000 Group B shares (accounting for 10% of the issued share capital), with a face value of MOP 100 per share. To be eligible to apply for a new gaming grant, Australian Entertainment Group must increase its issued share capital by MOP 4.7 billion to MOP 5 billion, and increase the proportion of Group B shares in the issued share capital of Australian Entertainment from 10% to 15%.

Furthermore, after taking into account the issue of shares, the core level was adopted and Macau Gaming Co., Ltd. changed its name to Australian Entertainment Comprehensive Vacation Co., Ltd. from June 9, 2021. The board of directors proposed a number of amendments to the articles of association. These amendments must also be submitted to the shareholders' meeting for approval.