Sou Hu Cai Jing·2025-12-24 10:07Group 1 - The stock price of Sands China Ltd. closed at 20.84 HKD on December 24, 2025, down 0.29% from the previous trading day, with a trading volume of 161 million HKD [1] - The stock opened at 20.98 HKD, reached a high of 21.16 HKD, and a low of 20.5 HKD during the day, with a 52-week high of 22.5 HKD and a low of 11.86 HKD [1] Group 2 - The company announced a trademark renewal agreement with its controlling shareholder, Las Vegas Sands Corp. (LVS), extending the international trademark licensing agreement from January 1, 2026, to December 31, 2028, for a period of three years [2] - Under the agreement, LVS allows the group to use licensed trademarks and intellectual property in regions including mainland China, Macau, Hong Kong, and Taiwan for operating casinos, integrated resorts, and related marketing activities [2] - Licensees are required to pay an annual royalty fee of 1.5% of their total non-gaming and gaming revenue to LVS, with annual caps set at 138.5 million USD, 152.4 million USD, and 167.6 million USD for the three years based on past payments, expected revenues, and Macau's future development [2] - The agreement constitutes a continuing connected transaction under listing rules, requiring compliance with reporting, announcement, and annual review regulations, but is exempt from independent shareholder approval [2] - The board believes the transaction is conducted on normal commercial terms, is fair and reasonable, and is in the overall interest of the company and its shareholders [2]