Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MGM CHINA HOLDINGS LIMITED ߕ৷ૠʕ਷છٰϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2282)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of MGM China Holdings Limited (the "Company") announces that on March 15, 2021, the Company offered to grant share options (the "Share Options") to subscribe for a total of 200,000 shares of HKD1.00 each in the capital of the Company (the "Shares") to an eligible person (the "Grantee"), subject to the acceptance of the Grantee, under the share option scheme adopted by the Company on May 11, 2011 as amended by the shareholders of the Company on May 24, 2017. A summary of the grant is set out below:-

Date of grant

:March 15, 2021 (the "Date of Grant")Number of Shares in respect of : which the Share Options were granted

200,000

Subscription price of the Share Options granted

  • : HKD13.86 per Share

    (The subscription price of HKD13.86 represents a price which is the higher of (i) the closing price of the Shares of HKD13.86 as stated in the daily quotation sheet of the Stock Exchange on the Date of Grant; (ii) the average closing price of the Shares in the daily quotation sheets of the Stock Exchange for the 5 trading days immediately preceding the Date of Grant (that is HKD13.484); and (iii) the nominal value of a Share (that is

    HKD1.00))

    Validity period of the Share Options

  • : Ten years (10) from the Date of Grant

    Vesting date of the Share Options

  • : 25% of the Share Options granted will vest on each of March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025

The Grantee is neither a director, chief executive or substantial shareholder of the Company nor an associate (as defined under the Listing Rules) of any of them.

By order of the Board MGM China Holdings Limited

Antonio MENANO Company Secretary

Hong Kong, March 15, 2021

As at the date of this announcement, our directors are William Joseph HORNBUCKLE, Pansy Catilina Chiu King HO, Chen Yau WONG, and John M. MCMANUS as executive directors; Kenneth Xiaofeng FENG, James Armin FREEMAN; Daniel J. TAYLOR and Ayesha Khanna MOLINO as non-executive directors; and Zhe SUN, Sze Wan Patricia LAM, Russell Francis BANHAM and Simon MENG as independent non-executive directors.

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MGM China Holdings Ltd. published this content on 15 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2021 09:52:09 UTC.