Intra-Group Transfer of Equity Interest in Target Co

Melco International Development Limited announced a discloseable transaction involving the intra-group transfer of an equity interest in Target Co. The company, through its subsidiary Vendor, has agreed to sell 100% of the issued share capital of Target Co to Purchaser, a subsidiary of Melco Resorts, for US$375.0 million. Target Co is an intellectual property holding vehicle. This transaction is part of an internal reorganization to streamline the Group's IP structure by housing intellectual property within Melco Resorts, the primary operating platform for the Group's leisure, gaming, and entertainment businesses. The net proceeds from the transaction will be used for debt repayment and general working capital, aiming to improve the Company's credit profile. The transaction is considered an intra-group reorganization and is subject to reporting requirements under the Listing Rules. The financial results of Target Co will continue to be consolidated in the Company's financial statements, and no disposal gain or loss is expected.