Wynn Macau (HKG:1128) set an annual cap of HK$1.17 million for payments under its Intellectual Property License Agreements for 2025, according to a Monday filing with the Hong Kong bourse.

The cap is based on a fixed exchange rate of US$1 to HK$7.7831, determined through negotiations that considered historical payments, expected business performance, and the agreement's formula.

The cap represents the maximum amount payable for using intellectual property rights licensed from Wynn Resorts Holdings, and WRL, the company's controlling shareholder.