Sands China Ltd. announced that on December 27, 2023, the Company and LVS entered into the New Shared Services Agreement, the effect of which is to enter into the arrangements similar to those contained in the Shared Services Agreement for a term of one year commencing on January 1, 2024 and ending on December 31, 2024. Key terms of the New Shared Services Agreement are set out below. The New Shared Services Agreement is for a term of one year commencing on January 1, 2024 and ending on December 31, 2024.

The New Shared Services Agreement is in respect of the provision of certain products and services by the LVS Group to the Group or by the Group to the LVS Group, including (1) Marketing Services; (2) Transportation and Related Services; and (3) Procurement Services. Under the New Shared Services Agreement, the LVS Group and the Group agreed to provide to each other (1) marketing targeting casino patrons and loyalty card members of the LVS Group who may also wish to patronize Group's integrated resorts in addition to those of the LVS Group and vice versa, and (2) services related to the marketing, public relations, sales, leasing, and management of the integrated resorts and properties owned or operated by the Group and vice versa (the "Marketing Services").