Newsletter summary

Century Entertainment International (00959) wholly-owned subsidiary WisdomOceanGroupLimited and LongBayEntertainment signed for a period of 3 yearsIgnitioncasinoeupokerThe casino agreement focuses on renting and operating the VIP lounge.

Text of news flash

[century Entertainment International wholly-owned subsidiary WisdomOceanGroupLimited signs Casino Lease Agreement] Century Entertainment International Limited (00959) disclosed on May 3, 2024 that WisdomOceanGroupLimited, a wholly owned subsidiary of the company, has reached a groundbreaking casino rental agreement with Long Bay Entertainment. The agreement mainly focuses on the rental and operation of VIP lounge services. The agreement is valid for a period of three years and shall take effect from the date of approval of the resolution by the special general meeting of shareholders. In addition, the signing of the agreement provides Century Entertainment International with a new profit growth point, which is expected to seize the first opportunity in the fierce market competition. This strategic move has further consolidated the company's market position in the entertainment industry and drawn a grand blueprint for its future development. The agreement marks the deepening of the company's diversification strategy and helps to enhance the company's market competitiveness and profitability. Century Entertainment International will continue to create greater value for shareholders and investors through continuous innovation and expansion.