sjm holdings ltd (880) Snapshot

SJM Holdings Limited announced that Dato' Dr. Cheng ceased to act as the non-executive director of the company upon his retirement from the Board at the conclusion of the 2013 AGM as Dato' Dr. Cheng did not seek for re-election for the reason of retirement. The Board announced that Dr. Cheng Kar Shun ("Dr. Cheng") has been elected as a non-executive director of the Company at the 2013 AGM with effect from 31 May 2013. Dr. Cheng, aged 66, has been a director of Sociedade de Jogos de Macau, S.A.

SJM Holdings Limited announced that the annual general meeting of the company held on May 31, 2013 approved a resolution to declare a final dividend of HK 50 cents per ordinary share and a special dividend of HK 30 cents per ordinary share for the year ended December 31, 2012 to the shareholders of the company.

SJM Holdings Limited announced that the Land Concession Contract was published in the official gazette of Macau on 15 May 2013. Pursuant to the Land Concession Contract, SJM will lease the Cotai Land from the Macau Government for an initial term of 25 years from the aforesaid publication date and SJM has the right to renew the lease for successive periods in accordance with applicable laws. The Land Concession Contract permits SJM to develop on the Cotai Land a complex containing a five-star hotel with total gross floor area of 521,435 square metres and with gaming areas. It also permits SJM, as a gaming concessionaire, to operate and manage gaming operations on the Cotai Land. The Group has informed the Macau Government its intention to build and operate a casino gaming resort containing approximately 700 gaming tables and 1,000 slot machines as well as approximately 2,000 hotel rooms (subject to the obtaining of applicable licences from licensing authorities).