The board of directors of MGM China Holdings Limited announced that with effect from March 26, 2020, (i) Mr. James Joseph Murren (Mr. Murren) has resigned as executive director and chairperson of the company; (ii) Mr. William Joseph Hornbuckle (Mr. Hornbuckle), an executive director of the company, has been appointed as chairperson of the company; (iii) Mr. Daniel J. Taylor (Mr. Taylor) has been appointed as non-executive director of the company; and (iv) Mr. John M. McManus (Mr. McManus), a non-executive director of the company, has been re-designated as executive director of the company. The Board announces that Mr. Murren has tendered his resignation as an executive director and chairperson of the company, with effect from March 26, 2020, following his resignation as chairperson and chief executive officer of MGM Resorts International. Mr. Murren has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as an executive director and chairperson of the company which need to be brought to the attention of the shareholders of the company. Mr. Taylor was an executive of Tracinda from 2007 to 2019. He has served as a director of MGM Growth Properties LLC since April 2016 and as non-executive chairman of the board of directors of Light Efficient Design, a division of TADD LLC and a manufacturer and distributor of LED lighting products, primarily for the retrofit market, since July 2014. Mr. Taylor served as the President of Metro-Goldwyn-Mayer Inc. (MGM Studios) from April 2005 to January 2006 and as the Senior Executive Vice President and Chief Financial Officer of MGM Studios from June 1998 to April 2005. He was the Vice President-Taxes at MGM/UA Communications Co., the predecessor company of MGM Studios, from 1985 to 1991. From 1978 to 1985 he worked as a Tax Manager at Arthur Andersen & Co., specializing in the entertainment and gaming practice. He was a Director of Inforte Corp. from October 2005 to 2007. Mr. Taylor acted as chairman of the board of directors of Delta Petroleum Corporation from May 2009 to August 2012, and as director from February 2008 to August 2012, and was also a member of the Audit Committee and Nominating and Corporate Governance Committee. .