Macau Legend Development Limited (the “Company”) (Stock Code: 01680) released an update concerning the measures undertaken to address a disclaimer of opinion related to its financial status. According to the announcement, the Company remains in ongoing communication with relevant banks over bank borrowings restructuring arrangements and has thus far not received any demand for immediate repayment.

In addition, letters of support were obtained from a substantial shareholder and spouse, covering an aggregate of HK$289,400,000 of shareholder loans. No demand for repayment of these loans has been received, and the confirmation indicates additional support may be provided, if necessary, until 31 March 2027.

The Company also completed a rights issue, raising HK$86.4 million in net proceeds as outlined in a prospectus dated 31 December 2025. Of this amount, HK$30 million is planned for trade and other payables, HK$17 million for property tax, and the remaining portion for interest payments and operating expenses. The property tax payable has already been settled, and partial payments have been injected toward trade and other payables.

The Board highlights its continuing efforts to control costs and reduce various expenses while continuing to engage with banks on restructuring arrangements and covenants. Further announcements are expected if additional measures are implemented.