SJM Holdings Limited (the "Company") 29 April 2025 Dear non-registered shareholder(s) (Note) , Notice of Publication of 2024 Annual Report and Circular (the "Current Corporate Communication"); 2024 Environmental, Social and Governance Report (the "2024 ESG Report") and Arrangement of Electronic Dissemination of the Current Corporate Communication The Company's Annual General Meeting will be held at Golden Restaurant, 1st Floor, China Merchants Tower, Shun Tak Centre, Nos. 168 – 200 Connaught Road Central, H ...

各位登記股東： 澳門博彩控股有限公司（「本公司」） 2024 年報、通函及代表委任表格（「本次公司通訊」）；2024 環境、社會及管治報告（「2024 環境、社會及管治報告」）以 及以電子方式發佈本次公司通訊之安排之發佈通知 本公司之周年成員大會將於 2025 年 6 月 10 日（星期二）下午 2 時 30 分假座香港干諾道中 168–200 號信德中心招商局 大廈 1 樓黃金閣舉行。本公司本次公司通訊的中、英文版本已上載於本公司的網站 https://www.sjmholdings.com 和香港 聯合交易所有限公司（「聯交所」）的網站 https://www.hkexnews.hk（「聯交所網站」）或按安排附上本次公司通訊之印刷 本（如適用）。 閣下可在本公司的網站閱覽本次公司通訊、在聯交所網站瀏覽有關文件或參考隨附之印刷本（如適用）。 本公司 2024 環境、社會及管治報告的中、英文版本已上載於本公司的網站 https://www.sjmholdings.com 內「投 資者關係」、「環境、社會及管治報告」分頁和聯交所網站。 閣下可在本公司的網站閱覽 2024 環境、社會及 管治報告或在聯交所網站瀏覽 ...

5. 「動議： (a) 根據公司條例（ 香港法例第622章 ）、香港聯合交易所有限公司證券上市規則（「上市 規則」）及本公司股東於2009年5月13日採納之購股權計劃（ 經修訂 ）之條款及條件， 無條件授予本公司董事一項授權，以於有關期間（ 定義見下文(b)段 ）內行使本公司 之全部權力以於任何於本決議案日期前已授出之購股權獲行使時配發及發行本公司 股份；及 – 1 – 1. 省覽及通過本公司及其附屬公司截至2024年12月31日止年度經審核財務報表、董事報告 及核數師報告。 2. 重選本公司之下列董事： (i) 曾安業先生出任非執行董事； (ii) 何厚鏘先生出任獨立非執行董事；及 (iii) 黃汝璞女士出任獨立非執行董事。 3. 授權本公司董事會釐定本公司各董事之薪酬。 4. 重新委 任執業 會計師 德勤‧關 黃陳方 會計師 行為本 公司之 核數師及 授權本 公司董 事會 釐定其薪酬。 (b) 就本決議案而言： 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通告的內容概不負責，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本文件全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔 ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或 其他註冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有澳門博彩控股有限公司股份，應立即將本通函連同隨 附之代表委任表格送交買主或承讓人，或經手買賣或轉讓之銀行、股票經紀或其他 代理商，以便轉交買主或承讓人。 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通函的內容概不負責， 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本通函全部或任何部 分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。 於購股權獲行使後配發及發行股份的授權及 購回股份一般授權、 重選董事 及 周年成員大會通告 澳門博彩控股有限公司謹訂於2025年6月10日（星期二）下午2時30分假座香港干諾道中 168–200號信德中心招商局大廈1樓黃金閣舉行周年成員大會，大會通告載於本通函附 錄三。無論 閣下能否出席周年成員大會，務請盡快按隨附代表委任表格上印備之指 示 填 妥 表 格 ， 並 在 任 何 情 況 下 於 周 年 成 員 大 會 或 其 任 何 續 會 之 指 定 舉 行 時 間 ...

> 澳 門 博 彩 控 股 有 限 公 司 SJM HOLDINGS LIMITED 於香港註冊成立的有限責任公司 20 環境、社會及管治報告 Environmental, Social & Governance Report LAIS OF CULTIANE 目 錄 | 關於我們 | 2 | | --- | --- | | 主㉌的幥 | 3 | | 1 2睝2睡 ㊑重狃屙䠃 | 睢 | | 11 可持續發展㶕嶰 | 6 | | 12 榮影獎項及認證 | 9 | | 2 澳博控股的可持續發展工作 | 1睢 | | 21 可持續發展管治及管理 | 1睤 | | 22 可持續發展策略 | 19 | | 23 可持續發展目標 | 21 | | 24 重要性分析及議題 | 23 | | 3 管治及道德 | 2睢 | | 31 負責任博彩 | 2睤 | | 32 反悞污及反洗黑錢 | 30 | | 33 顧客滿意度 | 34 | | 34 顧客安全及保障 | 3睤 | | 3睢 網絡安全及資料私隱 | 39 | | 36 負責任供應鏈 | 41 | | 3睤 ➠機管理及業務持續性 | 44 | | 睡 | 環境管理 | ...

Financial Performance - The company's gaming net revenue for 2024 reached HKD 26,846 million, a 33.8% increase from HKD 20,059 million in 2023[10]. - Adjusted EBITDA for the group was HKD 3,764 million, up 117.9% from HKD 1,727 million in 2023[10]. - The company reported a profit attributable to owners of HKD 3 million, recovering from a loss of HKD 2,010 million in 2023[10]. - Total net revenue increased by 33.0% from HKD 21,623 million in 2023 to HKD 28,769 million in 2024[29]. - Adjusted EBITDA rose by 117.9% from HKD 1,727 million in 2023 to HKD 3,764 million in 2024, with an adjusted EBITDA margin of 13.1%[29][30]. - Gaming revenue (gross gaming revenue) increased by 35.9% from HKD 21,204 million in 2023 to HKD 28,824 million in 2024[30]. - The total revenue for the new Lisboa reached HKD 7,839 million in 2024, a 36.4% increase from HKD 5,746 million in 2023[34]. - Non-gaming revenue from food and beverage, shopping centers, and others increased by 20.3% to HKD 611 million in 2024[31]. - The adjusted property EBITDA for the new Lisboa increased by 58.0% to HKD 2,094 million in 2024[34]. - The total electronic gaming revenue rose by 91.9% to HKD 21,086 million in 2024[31]. Market Position and Expansion - The overall market share of the group increased from 11.9% in 2023 to 13.1% in 2024, with the gaming revenue from self-promoted casinos rising by 43.6% to HKD 18,000 million[15]. - The company plans to expand its non-gaming investments in Macau to further enhance its market position[15]. - The company is actively promoting sports tourism, hosting major events such as the Macau Golf Open and the Macau Grand Prix to enhance Macau's international reputation[21]. - The company aims to strengthen the "Lisboa" brand's visibility in key Asian markets, including South Korea, Japan, and Thailand, through strategic partnerships[23]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[65]. Visitor and Occupancy Statistics - The number of visitors to Macau increased by 23.6% to 34.93 million, with mainland visitors accounting for 70.1% of the total[14]. - The occupancy rate of the Grand Lisboa increased by 14.4% to 97.0%, while the average room rate decreased by 9.9% to HKD 1,191[11]. - The average occupancy rate for hotels reached 97.0% in 2024, up from 82.6% in 2023, representing a 14.4 percentage point increase[31]. - The Palazzo Versace Macau, with 271 rooms, opened in March 2024, achieving an average occupancy rate of over 96% since its launch, contributing to revenue growth for the overall resort[37]. Strategic Projects and Developments - Palazzo Versace Macau opened in March 2024, marking the brand's first hotel project in Asia, with 271 rooms designed to enhance the overall service experience[17]. - The company opened the "Golden Pavilion" project in Macau, successfully merging urban cultural heritage with modern lifestyle experiences, aiming to attract more young consumers[18]. - The company plans to enhance its conference and exhibition capabilities by adding two new venues at the "Grand Lisboa" in 2025, increasing the resort's event hosting capacity by 132%[20]. - The company is planning significant renovations at the "New Lisboa" hotel, increasing room capacity by over 10% and adding new multifunctional meeting rooms and banquet halls[20]. - The group plans to invest in the revitalization of the historical district in Macau, with the "Golden Pavilion" project set to open in January 2025, aiming to attract younger consumers and enhance foot traffic in the area[38]. Financial Management and Investments - The total cash and undrawn revolving credit facilities reached HKD 7,600 million as of December 31, 2024[15]. - As of December 31, 2024, the group had a bank balance and cash of HKD 2.208 billion, a decrease of 37.7% from HKD 3.542 billion on December 31, 2023, primarily due to loan repayments[42]. - The total outstanding bank loan balance as of December 31, 2024, was HKD 13.499 billion, down from HKD 15.236 billion on December 31, 2023[42]. - The group's capital expenditure commitments as of December 31, 2024, amounted to HKD 760 million, an increase from HKD 427 million on December 31, 2023, with HKD 631 million allocated for government tender projects in Macau[44]. - The group's debt-to-asset ratio at the end of the reporting period was 51.1%, slightly down from 52.2% on December 31, 2023[43]. Corporate Governance and Compliance - The board of directors includes independent non-executive members with extensive experience in various industries[67]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring compliance with all relevant provisions[181]. - The board consists of 9 members, with 56% being executive directors, 11% non-executive directors, and 33% independent non-executive directors[187]. - The board has established mechanisms to ensure independent viewpoints are expressed, including annual meetings with independent non-executive directors[188]. - The company encourages independent professional advice for directors to fulfill their responsibilities[189]. Sustainability and Environmental Initiatives - The company has implemented various environmental measures, including LED lighting and electronic processes to reduce paper usage[172]. - The hotel section of the integrated resort has received LEED Silver certification for energy and environmental design[172]. - The company submitted a carbon emissions report for its Hong Kong office in 2024 as part of its commitment to sustainability[173]. - The company has engaged an external consultant to review its sustainability governance structure and policies, aiming for compliance with the new ESG reporting code effective from January 1, 2025[174]. - The company has established a Sustainability Steering Committee, primarily composed of senior executives, to oversee sustainability and climate-related matters[182]. Shareholder and Stock Options Information - The company has a total of 7,101,805,366 shares issued, with key shareholders holding significant stakes[153]. - Major shareholder Macau Leisure Entertainment holds approximately 61.91% of the issued shares, with 3,892,610,855 shares owned[160]. - A total of 477,085,000 stock options were granted under the plan before the completion of the rights issue on September 21, 2022, with 299,765,000 options exercised, generating total proceeds of HKD 2,023,951,490[91]. - The total number of stock options unexercised as of December 31, 2024, is 118,994,700, with 4,815,000 options expected to be exercised[93]. - The company has a strict policy regarding the minimum holding period before exercising stock options, which is set at six months[90].

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本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 董事會會議日期 澳門博彩控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司 將於 2025 年 4 月 29 日（星期二）舉行董事會會議，藉以（其中包括）批准刊發載 有本公司及其附屬公司截至 2025 年 3 月 31 日止三個月之節選未經審核主要業務表 現指標之公告。 承董事會命 澳門博彩控股有限公司 公司秘書 郭淑莊 香港，2025 年 4 月 15 日 於本公告日期，本公司執行董事為何超鳳女士、霍震霆先生、梁安琪議員、陳婉珍博士及 岑康權先生；本公司非執行董事為曾安業先生；及本公司獨立非執行董事為何厚鏘先生、 黃汝璞女士及楊秉樑先生。 ...

最新版本 （於2025年3月4日） 審核委員會職權範圍 一. 宗旨 澳門博彩控股有限公司（「本公司」）的審核委員會（「委員會」）的主要目的 及職責是代表本公司董事會（統稱為「董事會」，各成員為「董事」）監督以下 事宜： 委員會的職能只是負責監督，並非免除管理人員須編製可準確及公正地反映本 公司財務業績及情況的財務報表，或外聘核數師審計或審閱財務報表的責任。 二. 委員 第1頁，共8頁 草稿 2.1 本委員會委員須由董事會從非執行董事中委任，並須包括不少於三位委 員，當中大多數委員應是獨立非執行董事。 2.2 委員會中最少一位委員應是獨立非執行董事及具備上市規則相關條文 所規定的適當專業資格或會計知識或相關財務管理知識。 2.3 委員會主席須由董事會委任，而該主席應是獨立非執行董事。 三. 獨立性 董事會必須確定獲委任加入委員會的獨立非執行董事符合上市規則中對獨立性 不時修訂的定義。 四. 委任 在上市規則的規定所規限下，董事會可根據本公司組織章程細則（「章程細則」） 委任及罷免委員會委員。委員會委員的任期將由董事會釐定，及在任何情況下， 不論是否有特定任期，概由董事會按意願釐定。 五. 職務 第2頁，共8頁 ...

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本公告全部或任何部分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。 根據上市規則第14A.60(1)條的 持續關連交易 天豪於澳門英皇娛樂酒店博彩區內 向澳娛綜合提供服務 本公告乃由本公司根據上市規則第14A.60(1)條作出。 根據本公司截至2024年12月31日止年度的全年業績（於2025年3月4日刊發），本公 司若干附屬公司不再根據上市規則第14A.09條分類為非重大附屬公司。 由於天豪為一家由該等本公司附屬公司的一名董事的家屬成立的私人酌情信託所 間接控制逾50%權益的公司，根據上市規則第14A.12(2)(b)條，天豪成為上市規 則項下本公司於附屬公司層面的關連人士。因此，澳娛綜合與天豪於2022年訂立 及於2023年修訂的該協議項下的安排成為本公司的持續關連交易。 根據本公司截至2024年12月31日止年度的全年業績（由本公司於2025年3月4日刊 發），本公司若干附屬公司不再根據上市規則第14A.09條分類為非重大附屬公司。 由於天豪為一家由該等本公司附屬公 ...

Financial Performance - The company's gaming net revenue for the year ended December 31, 2024, was HKD 26,846 million, representing a 33.8% increase from HKD 20,059 million in 2023[3]. - Adjusted EBITDA for the group was HKD 3,764 million, up 117.9% from HKD 1,727 million in the previous year[3]. - The profit attributable to the company's owners was HKD 3 million, a significant recovery from a loss of HKD 2,010 million in 2023[3]. - The total revenue from hotel, dining, retail, leasing, and related services was HKD 2,186 million, reflecting a 20.4% increase from HKD 1,815 million in 2023[3]. - Total net revenue increased by 33.0% from HKD 21,623 million in 2023 to HKD 28,769 million in 2024[53]. - The group reported a pre-tax profit of HKD 158.8 million in 2024, a significant improvement from a loss of HKD 1,838.9 million in 2023[26]. - The total gross gaming revenue for the group was HKD 28,824 million, up 35.9% from HKD 21,204 million in 2023[56]. Revenue Breakdown - The group reported segment revenue for the gaming business of HKD 26,846.1 million in 2024, up from HKD 20,059.2 million in 2023, representing a growth of 33.9%[25]. - The hotel, restaurant, retail, and leasing business generated segment revenue of HKD 1,922.8 million in 2024, compared to HKD 1,564.0 million in 2023, reflecting an increase of 22.9%[25]. - The gross gaming revenue from the integrated resort reached HKD 5,238 million, a 94.7% increase compared to HKD 2,690 million in 2023[58]. - Casino gross gaming revenue increased by 18.4% to HKD 5,241 million from HKD 4,428 million[62]. - Satellite casino revenue grew by 24.9% to HKD 10,797 million from HKD 8,647 million[63]. Assets and Liabilities - The group’s total assets less current liabilities amounted to HKD 41,791.5 million as of December 31, 2024[9]. - The total assets decreased to HKD 48,724.9 million in 2024 from HKD 49,739.7 million in 2023, reflecting a decline of 2.0%[30]. - The total liabilities of the group decreased to HKD 34,548.9 million in 2024, down 3.1% from HKD 35,654.5 million in 2023[30]. - The company's financing costs were HKD 1,892.6 million, slightly down from HKD 1,930.1 million in the previous year[8]. - Non-current liabilities decreased from HKD 30,379.0 million in 2023 to HKD 27,615.5 million in 2024, a reduction of approximately 9.2%[10]. - The total outstanding bank loans as of December 31, 2024, was HKD 134.99 billion, down from HKD 152.36 billion on December 31, 2023[73]. Cash Flow and Financial Position - The company recorded cash, bank balances, and short-term bank deposits of HKD 3,217 million, with total debt amounting to HKD 26,458 million as of December 31, 2024[7]. - As of December 31, 2024, the group's cash and bank balances amounted to HKD 22.08 billion, a decrease of 37.7% from HKD 35.42 billion on December 31, 2023[73]. - The group's asset-liability ratio at the end of the reporting period was 51.1%, compared to 52.2% on December 31, 2023[74]. - The group has issued priority notes and convertible bonds totaling HKD 109.52 billion as of December 31, 2024, slightly up from HKD 109.07 billion on December 31, 2023[73]. Employee and Operational Insights - The group employed approximately 20,400 full-time employees as of December 31, 2024, with a low employee turnover rate[80]. - The group’s pre-tax profit for 2024 was impacted by total employee benefits costs of HKD 6,297.5 million, up from HKD 5,723.3 million in 2023[40]. Future Plans and Developments - The company plans to maintain a strong financial position to achieve sustainable long-term growth[54]. - The company will continue to focus on its operations in Macau while considering expansion opportunities in Asia[54]. - The company plans to acquire and convert office properties in Hengqin into a three-star hotel to expand its mid-range hotel market[66]. - The company will enhance its event hosting capabilities by adding two new venues at the Venetian, increasing capacity by 132%[69]. - The group plans to continue participating in promotional activities to enhance the "Pousada" brand's visibility and attract diverse tourist markets in 2025[70]. - The group aims to expand high-end service experiences and diversify tourism services to contribute to sustainable tourism development in Macau[71]. Accounting and Compliance - The group is currently evaluating the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[21]. - The new accounting standards will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[21]. - The group's consolidated financial statements for the year ended December 31, 2024, have been reviewed by the audit committee and confirmed by Deloitte[88]. - The auditor's report for the financial statements of the two years did not contain any reservations or emphasize any matters[89]. - The company has submitted financial statements for the year ended December 31, 2023, to the Companies Registry in accordance with Hong Kong Companies Ordinance[88].