MGM CHINA (02282) subsidiary MGM Grand Paradise contributes MOP 1.24 billion to participate in the Macau government-guided fund

MGM CHINA (02282) announces that, following friendly negotiations, on October 23, 2026, the company's subsidiary MGM Grand Paradise, S.A., together with the other five gaming concessionaires of the Macao Special Administrative Region (as limited partners) and Macau Project Management (No. 2) One Person Company Limited (as general partner), entered into a partnership agreement in relation to the establishment of the Macao SAR Government Guided Fund No. 2 Limited Partnership Fund. The limited partners have committed to contribute MOP 9 billion (equivalent to approximately HKD 8.7 billion) to the fund's total size. MGM Grand Paradise has committed to inject MOP 1.24 billion (equivalent to approximately HKD 1.21 billion). The fund's primary purpose is to achieve the policy objectives of the Macao SAR Government, including promoting the diversified development of Macao's economy, such as developing emerging industries, industrial upgrading, commercialization of technology, investing in and supporting technology start-ups and national strategic industries, investing in Guangdong-Hong Kong-Macao Greater Bay Area and Hengqin cooperation projects, and other policy priorities. The fund has an initial term of 15 years, with the first five years being the investment period. Pursuant to the concession contract, MGM Grand Paradise has committed to implementing investment projects, including investing in gaming and non-gaming projects. MGM Grand Paradise has committed to invest MOP 16.7 billion (equivalent to approximately HKD 16.2 billion), of which MOP 15 billion (equivalent to approximately HKD 14.6 billion) will be used for non-gaming projects. MGM Grand Paradise's participation in the fund will constitute part of the investment arrangements under the concession contract and will be counted toward fulfilling the investment arrangements under the concession contract, and demonstrates the company's support for the policies of the Macao SAR Government, including the moderate and diversified development of Macao's economy.