The Consideration was paid by Melco Resorts in full and in cash and financed by the Groups available
liquidity sources.
Melco Resorts has yet to decide whether the Melco Resorts Shares repurchased under the Share Repurchase will be cancelled, or,
pursuant to the laws of the Cayman Islands (being Melco Resorts place of incorporation), remain as issued or be held in treasury for future re-issuance. The repurchased shares currently remain registered
in the name of a nominee of Deutsche Bank Trust Company Americas, as depositary in respect of Melco Resorts ADS program. The Share Repurchase has not affected the percentage of Melco Resorts issued share capital indirectly held by the
Company as at the date of this announcement. If the Melco Resorts Shares repurchased under the Share Repurchase were cancelled, the Companys indirect holding of Melco Resorts outstanding share capital would increase to approximately
52.7%.
Reasons for and Benefits of the Share Repurchase
The Share Repurchase reflects the confidence of the Company in Melco Resorts long-term strategy and growth prospects.
The Directors (including the independent non-executive Directors) consider that the terms of the Share Repurchase are
fair and reasonable, and that the Share Repurchase is on normal commercial terms or better (as far as the Company is concerned), in the ordinary and usual course of business of the Group, and in the interests of the Company and its shareholders as a
whole.
Information about the Company and Melco Resorts
The Company, through its subsidiaries, is principally engaged in leisure, gaming and entertainment, and other investments.
Melco Resorts is a listed subsidiary of the Company, whose ADSs are listed on the Nasdaq Global Select Market in The United States of America (the
United States). Melco Resorts, through its subsidiaries, is principally engaged in businesses in the leisure, gaming and entertainment sectors.
For the financial year ended 31 December 2023, Melco Resorts audited loss before taxation was approximately US$401,908,000 (equivalent to
approximately HK$3,134,882,400) and Melco Resorts audited loss after taxation was approximately US$415,330,000 (equivalent to approximately HK$3,239,574,000).
For the financial year ended 31 December 2022, Melco Resorts audited loss before taxation was approximately US$1,091,931,000 (equivalent to
approximately HK$8,517,061,800) and Melco Resorts audited loss after taxation was approximately US$1,097,167,000 (equivalent to approximately HK$8,557,902,600).
As at 31 December 2023, Melco Resorts audited total deficit was approximately US$840,050,000 (equivalent to approximately HK$6,552,390,000).
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