The board of directors of S.A.I. Leisure Group Company Limited announced that, as confirmed by IHC Hotel Limited (a wholly-owned subsidiary of InterContinental Hotels Group Plc.) (the Hotel Manager), the grand opening of Crowne Plaza Resort Saipan (formerly known as Fiesta Resort Saipan) will be held on October 31, 2022. Crowne Plaza Resort Saipan is located at the heart of the Garapan tourism center of Saipan and is a premium resort offering a wide range of services in respect of leisure and entertainment, meeting and events, dining and accommodation. Crowne Plaza Resort Saipan is owned by a wholly-owned subsidiary of the Company and is managed by the Hotel Manager.

As disclosed in previous announcements of the Company, since 2020, the Group has been carrying out renovation and upgrade works to the hotel as part of the asset rejuvenation plan and rebranding works under the hotel management agreement with the Hotel Manager to prepare for the reopening of the hotel under the new brand of Crowne Plaza Resort Saipan. Being the new hotel in town, the Group's management is confident that this hotel will be uniquely positioned to capture the pent-up travel demand.