Lai Sun Development Company Limited (Lai Sun Dev, 00488) has received overwhelming support from noteholders for both its consent solicitation and exchange offer relating to the 5.00 per cent guaranteed notes due 2026 (ISIN: XS2368038050) issued by Lai Sun MTN Limited and guaranteed by Lai Sun Dev.

Consent solicitation outcome • The solicitation closed at 4:00 p.m. London time on 7 July 2026. • The Extraordinary Resolution was duly passed at the noteholder meeting on 10 July 2026, satisfying the Eligibility Condition. • Amendment documentation to enact the approved amendments and waivers is scheduled for execution on the Effective Date, on or about 28 July 2026. • Payment of consent fees and any ineligible noteholder payments is expected on the same date, after which blocked notes will be released.

Exchange offer results • At the close of the offer on 7 July 2026, holders tendered US$476.97 million in aggregate principal of the existing notes. • Lai Sun Dev will accept 100% of the valid tenders. • For each US$1,000 principal of existing notes, eligible holders will receive US$300 in cash and US$700 in new notes. • The new issuer will issue US$333.88 million in aggregate principal of new notes, while Lai Sun Dev will pay US$143.09 million in cash. • Settlement is targeted for on or about 28 July 2026, contingent on customary conditions.

Governance The board of Lai Sun Dev is chaired by Dr. Lam Kin Ngok, Peter, with Sam Cheung Sum serving as Group CFO alongside executive and independent non-executive directors.

Noteholders seeking additional details are advised to contact GLAS Agency (Hong Kong) Limited, the appointed exchange, information and tabulation agent.