Group 1 - The core viewpoint of the news is that MGM China reported a significant increase in annual profits and operational metrics for the year ending December 31, 2025, indicating strong performance in the gaming sector [1] Group 2 - MGM China's annual profit attributable to shareholders reached HKD 5.075 billion, representing a year-on-year increase of 10.24% [1] - Adjusted EBITDA hit a record high of HKD 10 billion, up 10.4% year-on-year [1] - Operating revenue increased to HKD 34.7875 billion, reflecting a year-on-year growth of 10.8% [1] - The overall gaming market share reached a historical high of 16.1%, compared to 15.8% the previous year [1] - The company proposed a final dividend of HKD 0.353 per share [1]

Group 1 - MGM China reported a profit attributable to shareholders of HKD 5.075 billion for the year ending December 31, 2025, representing a year-on-year increase of 10.24% [1] - Adjusted EBITDA reached a historical high of HKD 10 billion, reflecting a year-on-year growth of 10.4% [1] - Operating revenue increased to HKD 34.7875 billion, marking a year-on-year rise of 10.8% [1] Group 2 - The overall gaming market share for MGM China reached a historical high of 16.1%, compared to 15.8% in the previous year [1] - The company proposed a final dividend of HKD 0.353 per share [1] - As of the report, MGM China's stock price fell by 7.08% to HKD 11.16, with a trading volume of HKD 56.7236 million [1]

Core Viewpoint - MGM China Holdings Limited reported record operating revenue of HKD 34.7875 billion for the year ending December 31, 2025, representing a 10.8% increase from the previous year [1] Financial Performance - Adjusted EBITDA reached a historical high of HKD 10 billion, up 10.4% year-on-year [1] - The overall gaming market share increased to a record 16.1%, compared to 15.8% last year [1] Dividend Announcement - The board proposed a final dividend of HKD 0.353 per share for the year ending December 31, 2025, totaling approximately HKD 1.3414 billion [1] Gaming Revenue Breakdown - Total win from table games increased by 10.2% to HKD 31.510 billion, driven by a 1.1% increase in betting amounts at MGM Macau and a 14.2% increase at MGM Cotai [1] - VIP table games saw a 19.5% increase in total win to HKD 4.8374 billion, primarily due to an increase in win rates, despite a decrease in turnover at both properties [1] Slot Machine Performance - Total win from slot machines increased by 3.3% to HKD 2.2963 billion, attributed to a 3.1% increase in betting amounts at MGM Macau and a 26.5% increase at MGM Cotai, partially offset by a decrease in win rates [2]

MGM CHINA HOLDINGS LIMITED 美 高 梅 中 國 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2282） – 1 – 1. 成立 1.1 美高梅中國控股有限公司（「本公司」）的提名、環境、社會及管治委員會（「委 員會」）由本公司董事會（「董事會」）成立，以每年檢討董事會的架構、規模、 多元化及組成，並就本公司董事（「董事」）的委任或重新委任事宜提出建議、 輔助董事會完成其就環境、社會及管治（「環境、社會及管治」）問題、策略及 報告方面的監督職責。 1.2 在符合開曼群島《公司法》（經修訂）、香港聯合交易所有限公司（「聯交所」）《證 券上市規則》（「《上市規則》」），以及本公司公司章程（「章程」）所載的規定下， 委員會的程序應受此等委員會的職權範圍（「職權範圍」）所載的條文規管。 2. 資源 2.1 本公司應向委員會提供充足資源以履行其職責。委員會履職責時如有需要，可 按合理的要求以及根據商定的程序尋求獨立專業意見，費用由本公司支付。 3. 組成 4. 職能、權力及職責 – 2 – 3.1 委員會最少應有三名委員，由董事會委任，且大 ...

MGM CHINA HOLDINGS LIMITED 1. 成立 1.1 審計委員會（「委員會」）由美高梅中國控股有限公司（「本公司」）的董事會（「董 事會」）委任，以協助履行以下責任 ︰ – 確保設立及遵循適當而有效的風險管理及內部監控，並監察內部審計職 能； – 確保本公司財務報表及本公司會計政策以及財務報告慣例的持正，並確 保本公司及其附屬公司（「本集團」）已持續應用妥當的會計及審計原則； – 監察外部及內部審計的範圍及取向是否適當； – 考慮外部核數師的資格、獨立性及薪酬； – 考慮本公司會計及財務報告職能的員工的資源、資格及經驗，以及其培 訓計劃及預算是否充足；及 – 提升本集團的紀律、風險管理及監控的意識。 1.2 在符合開曼群島《公司法》（經修訂）、香港聯合交易所有限公司（「聯交所」）《證 券上市規則》（「《上市規則》」），以及本公司公司章程所載的規定下，審計委員 會的程序應受此等職權範圍（「職權範圍」）所載的條文規管。 2. 權力 3. 組成及資格 美 高 梅 中 國 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2282） 審計委員會 職 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公司董事會（「董事會」）建議就組織章程大綱及公司章程作出若干修訂（「建議修訂」）如 下： 組織章程大綱及公司章程的建議修訂須待本公司股東以特別決議案方式將於2026年5月 14日或前後舉行的應屆股東週年大會（「股東週年大會」）上批准後方可作實，並將於股東 週年大會上批准相關決議當日起生效。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2282及債務股份代號：6028, 40634, 5036） 建議修訂經修訂及重述組織章程大綱及公司章程 美高梅中國控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上市 規則」）第13.51(1)條刊發本公告，內容有關建議修訂本公司的經修訂及重述組織章程大 綱及公司章程（「組織章程大綱及公司章程」）。 – 1 – (i) 刪除組織章程大綱及公司章程第66條中有關為釐定股東出席股東大會及於會上投 票的權利而須實施10日暫停辦 ...

第 1 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | --- | --- | | | 股票發行人現金股息公告 | | 發行人名稱 | 美高梅中國控股有限公司 | | 股份代號 | 02282 | | 多櫃檯股份代號及貨幣 | 不適用 | | | 06028 MGM CHINA N2605 | | 相關股份代號及名稱 | 40634 MGM CHINA N2702 | | | 05036 MGM CHINA N3106 | | 公告標題 | 截至二零二五年十二月三十一日止年度之末期股息 | | 公告日期 | 2026年3月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.353 HK ...

Financial Performance - For the fiscal year ending December 31, 2025, the operating revenue reached HKD 34,787,468, an increase of 10.8% compared to HKD 31,387,155 in 2024[5] - Adjusted EBITDA for the same period was HKD 10,005,194, reflecting a 10.4% increase from HKD 9,058,637 in 2024[5] - The profit attributable to the company's owners was HKD 5,074,768, up 10.2% from HKD 4,603,408 in the previous year[5] - Total revenue for the group reached HKD 34,787,468 thousand in 2025, compared to HKD 31,387,155 thousand in 2024, representing an increase of about 11.5%[14] - The group reported a net profit attributable to shareholders of HKD 5,074,768 thousand in 2025, compared to HKD 4,603,408 thousand in 2024, marking an increase of around 10.2%[14] - Adjusted EBITDA for the year ended December 31, 2025, was HKD 10,005,194, an increase from HKD 9,058,637 in 2024, reflecting a growth of approximately 10.4%[73] - Net profit attributable to the company's owners increased from HKD 4,6034 billion for the year ended December 31, 2024, to HKD 5,0748 billion for the year ended December 31, 2025[95] Dividends - The company proposed a final dividend of HKD 0.353 per share, totaling approximately HKD 1.3414 billion, which represents about 26.4% of the profit attributable to the owners[4] - The special dividend declared on March 21, 2024, was HKD 0.104 per share, totaling HKD 395.3 million, and the final dividend for the year ended December 31, 2023, was HKD 0.243 per share, totaling HKD 924.3 million[19] - The company announced a special dividend of HKD 0.353 per share on August 29, 2024, totaling HKD 1.3419 billion, which was paid on October 4, 2024[20] Gaming Revenue - The overall gaming market share reached a historical high of 16.1%, compared to 15.8% in the previous year[5] - The gaming revenue from the casino segment was HKD 30,471,812 thousand in 2025, up from HKD 27,282,911 thousand in 2024, reflecting a growth of about 8.0%[14] - Total gaming revenue for the group increased by 11.7% to HKD 30.472 billion, driven by a 10.2% rise in main gaming table revenue to HKD 31.510 billion[79] - VIP gaming table total win increased by 19.5% to HKD 4.837 billion, despite a decrease in turnover by 24.2% at MGM Macau and 10.1% at MGM Cotai[80] - Slot machine total win rose by 3.3% to HKD 2.963 billion, supported by a 3.1% increase in turnover at MGM Macau and a 26.5% increase at MGM Cotai[81] - Other revenue, including hotel rooms, dining, retail, and entertainment, increased by 5.2% to HKD 4.316 billion, attributed to higher visitor numbers[82] Assets and Liabilities - Total assets as of December 31, 2025, amounted to HKD 29,673,625, a decrease from HKD 30,603,648 in 2024[8] - The group's total liabilities decreased to HKD 26,426,166 thousand in 2025 from HKD 30,076,121 thousand in 2024, showing a reduction of approximately 12.1%[9] - The company's total borrowings decreased to HKD 18,955,647,000 in 2025 from HKD 22,919,939,000 in 2024, a reduction of approximately 17.3%[29] - As of December 31, 2025, total liabilities amounted to HKD 5.53 billion, an increase from HKD 5.09 billion in 2024, with current liabilities at HKD 5.50 billion[48] Investments and Projects - The company has committed to invest HKD 19.7 billion (approximately HKD 19.1 billion) in gaming and non-gaming projects, with HKD 18 billion (approximately HKD 17.5 billion) allocated for non-gaming projects[22] - The company has launched a multifunctional venue "Treasure Box" equipped with three ultra-high-definition LED screens to enhance its appeal to high-end customers[53] - The company is committed to supporting the diversification of Macau's economy and enhancing its status as a world-class tourism and leisure center[57] - The company has identified innovative investment opportunities in both gaming and non-gaming facilities to attract high-end customers[56] Operational Efficiency - The company is focusing on enhancing operational efficiency and customer experience through improved service quality and asset utilization[55] - The company has implemented a rigorous credit review process to minimize credit risk, ensuring timely collection of receivables[66] - The company is focused on enhancing brand awareness through marketing initiatives, strategic alliances, and continuous renovations of non-gaming facilities[67] Market Trends - The total number of inbound visitors to Macau is expected to increase by 14.7% in 2025 compared to 2024, with visitors from mainland China increasing by 18.5%[59] - Macau's gaming gross revenue is projected to rise by 9.1% to HKD 240.2 billion for the fiscal year ending December 31, 2025[59] - The company's mid-market gaming operations accounted for 87% of its gaming gross revenue for the fiscal year ending December 31, 2025[64] Compliance and Governance - The company has adopted corporate governance practices to enhance shareholder value and ensure accountability and transparency, complying with all provisions of the corporate governance code by December 31, 2025[136] - Deloitte has confirmed that the financial figures for the year ending December 31, 2025, align with the audited financial statements to be approved by the board on March 19, 2026[137] - The audit committee, consisting of three independent non-executive directors and two non-executive directors, is responsible for overseeing the integrity of financial statements and compliance with regulations[138] Employee and Staffing - As of December 31, 2025, the company employed 13,793 full-time and part-time staff, an increase from 13,327 in 2024[128] - Employee costs rose by 12.4% to HKD 5.282 billion, driven by salary adjustments and increased staffing to support business operations[87] Credit Facilities and Debt - The company has established a revolving credit facility of HKD 9.75 billion and a second revolving credit facility of HKD 5.85 billion, with a maturity date of May 15, 2026[45] - The company has a revolving credit facility of up to HKD 23.4 billion, maturing on April 15, 2030, with terms revised on April 22, 2025[140] - The company must maintain a leverage ratio of no more than 4.5 to 1.0 and an interest coverage ratio of at least 2.5 to 1.0 at the end of each quarter under the 2025 revolving credit facility[119] Risks and Challenges - The company continues to face risks and uncertainties, including economic slowdowns in mainland China and changes in gaming regulations[61] - The company has not entered into any transactions with special purpose entities or engaged in speculative derivative transactions[126]

Group 1 - The company MGM China (02282.HK) announced that a board meeting will be held on March 19, 2026, to consider and approve the annual performance for the year ending December 31, 2025, and its release [1] - The board meeting will also discuss the proposal for the payment of a final dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 美高梅中國控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於2026年3月19日（星 期四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至2025年12 月31日止全年業績及其發佈，以及建議派付末期股息（如有）。 承董事會命 美高梅中國控股有限公司 公司秘書 Antonio MENANO 香港，2026年3月9日 截至本公告刊發日期，本公司的董事如下：何超瓊、William Joseph HORNBUCKLE、 John M. MCMANUS、劉珍伲及馮小峰為執行董事；Daniel J. TAYLOR、Ayesha Khanna MOLINO 及 Jonathan S. HALKYARD為非執行董事；及黃林詩韻、Russell Francis BANHAM、孟生及劉志敏為獨立非執行董事。 MGM CHINA HOLDINGS LIMITED 美 高 梅 中 國 控 股 有 限 公 ...