Macau International Development Limited (“Xinhao”) or (the “Company”) was founded in 1910 and listed on the Hong Kong Stock Exchange in 1927. The city has a long history and a bright future. Today, under the outstanding leadership of Mr. Ho Yulong, Chairman and CEO of the Group, City Hall has injected fresh strength and set a new direction, striving to become a dynamic group leading the leisure and entertainment industry. Today, a new generation of consumers is becoming more and more affluent and eager to pursue new experiences and lifestyles to make life richer and more exciting. As a new generation of Asian companies, the companies of the City Dream Group will continue to advance in line with the changing social times, making every effort to develop innovative products and services to fully satisfy customers' pursuit and dream of a superior life. Confidence makes us progress, progress makes us more confident Just like the Asian economy, which is currently booming, continuous progress has always been the primary purpose of the city. Our company is confident in carrying out its business, all due to the unprecedented success achieved in recent years in repositioning the business to achieve long-term growth and developing unique or patented products and services, which has enabled the Group to maintain a leading position in the market. The City of Dreams Group has received many awards over the past few years, which confirms that we are moving in the right direction. The City Hall Group is the first entertainment organization to receive the “Hong Kong Corporate Governance Excellence Award 2009” jointly awarded by the Hong Kong Chamber of Commerce of Listed Companies and the Centre for Corporate Governance and Financial Policy Research of Hong Kong Baptist University. In 2013, for the eighth year in a row, City of Dreams was awarded the “Asian Corporate Governance of the Year Award” by the “Asian Corporate Governance” magazine, and has been awarded “Hong Kong's Best Investor Relations Company” by the magazine for four consecutive years since 2011. Meanwhile, Group Chairman and Chief Executive Officer, Mr. Ho Yulong was selected as one of the “Best CEOs in Hong Kong” by “Asia Finance” magazine for 5 consecutive years in 2014, and was awarded the “Asian Business Leader Achievement Award” by “Asian Corporate Governance” magazine for the second year in a row in 2013. City of Dreams is the initiator and signatory of the “Hong Kong Corporate Governance Charter” of the Chamber of Commerce of Hong Kong Listed Companies. The purpose of the agreement is to enhance and promote the corporate management culture of Hong Kong listed companies.