MGM Grand Asia Pacific Hotel Group Co., Ltd.

Diaoyutai MGM Hospitality is a joint venture between Diaoyutai State Guesthouse of China, the highest standard service venue for hosting foreign heads of state, and MGM Resorts International, the top global luxury hotel group. The group is committed to combining the brand advantages of its parent companies, to optimizing the resource allocation, and to developing and operating luxury 5-star hotels and resorts around the world.

Diaoyutai State Guesthouse is the highest standard service venue for Chinese national leaders to conduct the most important national and diplomatic activities. It is located at the site of Diaoyutai (Angling Terrace), a famous ancient royal retreat and scenic spot built more than 800 years ago. Since the opening in 1959, Diaoyutai State Guesthouse has accommodated more than 1100 foreign heads of state and government. Through the continuous endeavor of over half a century, Diaoyutai State Guesthouse is now internationally well renowned for its unique state-banquet cuisine, elegant and thoughtful service, graceful imperial garden, and rich connotation of history and culture.

MGM Resorts International (NYSE: MGM, *), headquartered in Las Vegas of the United States of America, is one of the world's leading hospitality companies and one of U.S Fortune 500 companies, owning a peerless portfolio of destination resort brands. Globally, the company has more than 70,000 employees, with more than 60,000 guestrooms. In Las Vegas, MGM Resorts International has more than 400 F&B and entertainment outlets, and over 250,000 square meters conference and exhibition area. The company’s annual revenue is more than USD 8 billion. CityCenter, owned by MGM Resorts International, is an unprecedented urban resort destination on the Las Vegas Strip featuring the world largest mixed-use development project of private financing. MGM Resorts International has been honored with numerous awards and recognitions for its industry-leading diversity initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations.

Diaoyutai MGM Hospitality is jointly established by Diaoyutai State Guesthouse and MGM Resorts International. It is a high-end hotel management platform created by China's highest-standard foreign affairs reception institution and the world's leading luxury hotel group. The company is committed to integrating the brand advantages of both parties, optimizing resource allocation, creating unique high-quality products, and developing and managing luxury 5-star hotels and resorts worldwide.

Diaoyutai State Guesthouse is the highest-standard reception venue for Chinese national leaders to conduct important state and diplomatic activities. It is located in the ancient Diaoyutai scenic area of Beijing, which has a history of over 800 years. As the state guesthouse for foreign heads of state visiting China, it has hosted more than 1,100 heads of state and government since its opening in 1959. After more than 50 years of unremitting efforts, Diaoyutai State Guesthouse has achieved first-class quality of the Diaoyutai brand with its unique state banquet cuisine, elegant and meticulous reception services, outstanding imperial gardens, and rich historical and cultural connotations.

MGM Resorts International (NYSE: MGM, *) is one of the world's leading and highly regarded hospitality companies and a U.S. Fortune 500 company. Headquartered in Las Vegas, USA, it owns an unparalleled portfolio of destination resort brands. The company has 70,000 employees globally, 60,000 guest rooms, more than 400 F&B and entertainment outlets in Las Vegas, and over 250,000 square meters of conference and exhibition facilities, with annual revenue exceeding USD 8 billion. CityCenter, owned by MGM Resorts International, is a large-scale urban resort destination at the core of the Las Vegas Strip and the world's largest privately financed mixed-use development project. MGM Resorts International has won numerous awards for its industry-leading diversity initiatives, community philanthropy programs, and commitment to sustainable development and operations.