MACAU, June 13, 2025 — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announced the appointment of John Peter Ben Wang as an independent non-executive director of the Company, effective June 13, 2025. Mr. Wang will also serve as chairman of the Company’s audit and risk committee and as a member of the compensation committee, as well as the nominating and corporate governance committee. The Company’s board of directors has determined that Mr. Wang meets the criteria for an “audit committee financial expert” as defined in Item 16A of Form 20-F.
Mr. Wang was previously a director of the Company from November 2006 to August 2016. From 2011 to 2019, he held the roles of Deputy Chairman and Executive Director at Summit Ascent Holdings Limited, which is listed on the Stock Exchange of Hong Kong Limited. Additionally, Mr. Wang served as the chief financial officer of Melco International Development Limited from 2004 to 2009. Before that, Mr. Wang held senior positions at financial institutions and possesses considerable experience in finance, accounting, and investment banking. He became a chartered accountant with the Institute of Chartered Accountants in England and Wales in 1985. He holds a bachelor’s degree in accounting from the University of Kent at Canterbury in the United Kingdom, earned in July 1982.
Lawrence Ho, chairman and chief executive officer, commented, “Melco is pleased to welcome John Wang as an independent non-executive director. His skills and experience will be a great asset to the Company.”
Safe Harbor Statement
This release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also issue forward-looking statements in filings with the U.S. Securities and Exchange Commission (the “SEC”), annual reports to shareholders, press releases, other written materials, and oral statements by officers, directors, or employees to third parties. Statements that do not relate to historical facts, including beliefs and expectations, are forward-looking statements that involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those projected in these statements. These factors include, but are not limited to: (i) changes in the gaming market and visitation trends in Macau, the Philippines, and the Republic of Cyprus; (ii) local and global economic conditions; (iii) capital and credit market volatility; (iv) our anticipated growth strategies; (v) risks related to the implementation of the amended Macau gaming law by the Macau government; (vi) gaming authority and other governmental approvals and regulations; and (vii) our future business development, results of operations, and financial condition. Forward-looking statements can often be identified using words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. Further information on these and other risks, uncertainties, or factors can be found in the Company’s filings with the SEC. The information in this release is current as of its date, and the Company disclaims any obligation to update it, except as legally required.
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment Limited, whose American depositary shares are listed on the Nasdaq Global Select Market (Nasdaq: MLCO), develops, owns, and operates integrated resort facilities in Asia and Europe. The Company’s current operations include City of Dreams () and Altira Macau (), integrated resorts in Cotai and Taipa, Macau, respectively. It also operates the Grand Dragon Casino in Taipa, Macau, and Mocha Clubs (www.mochaclubs.com), the largest operator of non-casino-based electronic gaming machines in Macau. Additionally, the Company operates Studio City (), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, it operates and manages City of Dreams Manila (), an integrated resort within the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus () and licensed satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). Additional information about the Company is available at .
Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, owns a majority stake in the Company. Mr. Lawrence Ho, who is the Chairman, Executive Director, and Chief Executive Officer of the Company, owns and leads a majority stake in Melco International Development Limited.
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