MGM China renews key development, master services, and marketing agreements

MGM China Holdings Limited, through its subsidiary MGMGP, has renewed significant continuing connected transactions effective January 1, 2026, and expiring December 31, 2028. This includes the Fifth Renewed Development Agreement, the Fifth Renewed Master Service Agreement, and the First Renewed International Marketing Agreement, all replacing existing agreements. The Fifth Renewed Development Agreement, involving MGM B&D Holdings, among others, has an annual fee cap of $15,000,000 for development services for each of the years ending 2026, 2027, and 2028.

The Fifth Renewed Master Service Agreement with Shun Tak Group sets monetary caps for services. Payments from MGM China to Shun Tak are capped at HK$240,000,000 for 2026, HK$280,000,000 for 2027, and HK$320,000,000 for 2028. Conversely, payments from Shun Tak to MGM China are capped at HK$2,500,000 for each of those years.

Additionally, the First Renewed International Marketing Agreement, involving MGM Resorts International entities, sets annual caps for MGM Group Expenses payable by the Macau Group at HK$70,000,000 for 2026, HK$80,000,000 for 2027, and HK$90,000,000 for 2028. The Macau Group's annual cap for reimbursements from the MGM Group is HK$49,000,000 for 2026, HK$56,000,000 for 2027, and HK$63,000,000 for 2028. These transactions are partially exempt from independent shareholders’ approval under Listing Rules.