Sands China renews key agreements with LVS

Sands China Ltd. announced the renewal of its International Trademark License Agreement and Shared Services Agreement with its controlling shareholder, Las Vegas Sands Corp. Both agreements are effective January 1, 2026, and will run for three years, concluding on December 31, 2028. These renewals ensure the Group’s continued use of licensed marks and intellectual property and the ongoing provision of various shared services from the LVS Group. As LVS is a controlling shareholder, these transactions constitute continuing connected transactions under Chapter 14A of the Listing Rules.

The International Trademark License Agreement, which facilitates the Group’s casino and gaming operations, sets annual caps for the years ending December 31, 2028, at $138.5m, $152.4m, and $167.6m, respectively. For the Shared Services Agreement, covering Marketing Services and Transportation and Related Services, the annual caps for Marketing Services for the same period are $12.1m, $13.1m, and $14.2m. Transportation and Related Services have annual caps of $11.7m, $12.9m, and $14.2m for the three years.

The directors, including independent non-executive directors, affirm that the terms of both renewal agreements are on normal commercial terms, are in the ordinary and usual course of business, and are fair and reasonable and in the interests of the company and its shareholders as a whole. Directors affiliated with LVS abstained from voting on these resolutions.