Continuing Connected Transaction Tenancy Agreement

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(Incorporated in Bermuda with limited liability)

The Board wishes to announce that on 26 June 2017 after trading hours, the Landlord, an indirect wholly-owned subsidiary of the Company, entered into the Tenancy Agreement with the Tenant in respect of the leasing of the Premises. Since the Tenant is a company wholly and beneficially owned by Mr. Yeung who is the Chairman of the Board and an executive Director as well as a controlling shareholder of the Company, the Tenant is a connected person of the Company and the entering into of the Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.

As the largest Annual Cap payable by the Tenant to the Landlord under the Tenancy Agreement for each of the three financial years ending 31 December 2019 is more than HK$3,000,000 but all the applicable percentage ratios calculated on an annual basis pursuant to Rule 14.07 of the Listing Rules are less than 5%, the entering into of the Tenancy Agreement is subject to the reporting, announcement and annual review requirements but is exempt from the circular (including independent financial advice) and the independent shareholders' approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.

The Board wishes to announce that on 26 June 2017 after trading hours, the Landlord, an indirect wholly-owned subsidiary of the Company, entered into the Tenancy Agreement with the Tenant in respect of the leasing of the Premises. The principal terms of the Tenancy Agreement are as follows:

Landlord : Good Sun Development Limited, a company incorporated

in Hong Kong with limited liability and an indirect wholly- owned subsidiary of the Company

Tenant : Success International Management Services Limited, a company incorporated in the British Virgin Islands with limited liability and registered in Hong Kong as a non- Hong Kong company, and is wholly and beneficially owned by Mr. Yeung, the Chairman of the Board and an executive Director as well as a controlling shareholder of the Company

Premises : Units 1003 and 1004A, 10th Floor, Tower 1, Admiralty

Centre, No. 18 Harcourt Road, Hong Kong

Tenancy term : Two (2) years commencing from 2 July 2017 with an option

to renew for a further term of two (2) years at the then open market rental

User : For office purpose only

Rental : HK$465,348 per month, exclusive of government rates, air- conditioning charges and management fees and all other outgoings

Security Deposit : HK$999,702, representing two months' rental and air-

conditioning charges and management fees

Rent-free period : Two (2) months from 2 July 2017 to 1 September 2017

Special conditions : The Premises are at present being occupied by an existing

tenant which tenancy would be determined on 1 July 2017. The Landlord and the Tenant agreed to postpone the commencement date of the Tenancy Agreement for one (1) month from 2 July 2017 if the existing tenant fails to vacate and deliver up vacant possession of the Premises to the Landlord on 1 July 2017. If the Landlord fails to recover vacant possession of the Premises from the existing tenant within the said one (1) month period, the Tenant shall have the right to cancel the Tenancy Agreement at any time whereupon the Landlord shall forthwith refund to the Tenant in full all moneys advance payments and the deposit paid by the Tenant to the Landlord but without any interest, costs or compensation, and the Landlord and the Tenant shall release each other from all their obligations and liabilities under the Tenancy Agreement and neither the Landlord nor the Tenant shall have any claim or demand whatsoever against the other in respect thereof or in connection therewith

The terms of the Tenancy Agreement were negotiated on an arm's length basis and the rental chargeable under the Tenancy Agreement was determined after taking into account the valuation conducted by an independent valuer in connection with the market rental chargeable in May 2017 in respect of the Premises.

The aggregate gross floor area of the Premises is approximately 8,949 sq. ft. The stamp duty and Land Registry registration fee payable in respect of the Tenancy Agreement shall be borne by the Landlord and the Tenant in equal shares.

As disclosed in the announcement of the Company dated 11 May 2016 in respect of the acquisition of the Premises, it was the Group's intention that the Premises will be held as an investment property for long-term capital growth and rental purposes.

The Directors (including the independent non-executive Directors) believe that the Tenancy Agreement will generate steady recurring rental income and strengthen income base of the Group and consider that the terms of the Tenancy Agreement are fair and reasonable and the transaction contemplated thereunder is on normal commercial terms and in the ordinary and usual course of business of the Group and is in the interests of the Company and the Shareholders as a whole.

Mr. Yeung, the Chairman of the Board and an executive Director as well as a controlling shareholder of the Company who is also the sole and beneficial owner of the Tenant, and Dr. Ma Ho Man, Hoffman, the Deputy Chairman of the Board and an executive Director, who is the nephew of Mr. Yeung, are considered to have a material interest in the transactions contemplated under the Tenancy Agreement and they have abstained from voting on the Board resolutions approving the Tenancy Agreement and the transactions contemplated thereunder.

The principal businesses and investments of the Group include travel-related business, provision of technology services platform and related technical support for lottery business in the People's Republic of China, property investment business and the investment project of Ponte 16, a world-class integrated casino-entertainment resort located in Macau.

The Landlord is an indirect wholly-owned subsidiary of the Company and its principal business is property investment.

To the best of the Directors' knowledge, information and belief having made reasonable enquires, the principal business of the Tenant is provision of management services.

Since the Tenant is a company wholly and beneficially owned by Mr. Yeung who in turn is the Chairman of the Board and an executive Director as well as a controlling shareholder of the Company, the Tenant is a connected person of the Company and the entering into of the Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules.

Based on the monthly rental under the Tenancy Agreement, it is expected that the aggregate maximum amount payable by the Tenant to the Landlord under the Tenancy Agreement for each of the three financial years ending 31 December 2019 should not exceed HK$1,846,000, HK$5,585,000 and HK$2,808,000 respectively (collectively, the "Annual Cap(s)"). The Directors (including the independent non-executive Directors) consider that the Annual Caps are fair and reasonable.

As the largest Annual Cap payable by the Tenant to the Landlord under the Tenancy Agreement for each of the three financial years ending 31 December 2019 is more than HK$3,000,000 but all the applicable percentage ratios calculated on an annual basis pursuant to Rule 14.07 of the Listing Rules are less than 5%, the entering into of the Tenancy Agreement is subject to the reporting, announcement and annual review requirements but is exempt from the circular (including independent financial advice) and the independent shareholders' approval requirements pursuant to Rule 14A.76(2) of the Listing Rules.