Macau Legend Development : Change of Auditor

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CHANGE OF AUDITOR

This announcement is made by the board (the "Board") of directors (the "Director(s)") of Macau Legend Development Limited (the "Company") pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

RESIGNATION OF AUDITOR

The Board announces that Deloitte Touche Tohmatsu ("Deloitte") has resigned as auditor of the Company with effect from 27 July 2020, as the Company and Deloitte could not reach consensus in respect of the audit fee of the Company for the financial year ending 31 December 2020.

Deloitte has confirmed in writing that there are no other matters that need to be brought to the attention of the shareholders of the Company. The Board and the audit committee of the Company (the "Audit Committee") also confirmed that there is no disagreement between Deloitte and the Company, and there are no other matters with respect to the change of auditor of the Company that need to be brought to the attention of the shareholders or creditors of the Company.

The Board would like to take this opportunity to express its gratitude to Deloitte for its professional services rendered in the past years.

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APPOINTMENT OF AUDITOR

The Board, with the recommendation from the Audit Committee, has resolved to appoint Ernst & Young as the new auditor of the Company with effect from 27 July 2020 to fill the casual vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company. The Board would like to take this opportunity to extend its welcome to Ernst & Young on its appointment as the new auditor.

By Order of the Board

Macau Legend Development Limited

Chow Kam Fai, David

Co-chairman and executive Director

Hong Kong, 27 July 2020

As at the date of this announcement, the executive Directors are Mr Chow Kam Fai, David, Ms Chan Mei Yi, Melinda, Mr Sheldon Trainor-DeGirolamo and Mr Chow Wan Hok, Donald; the non-executive Directors are Mr Tong Ka Wing, Carl and Ms Ho Chiulin, Laurinda; and the independent non-executive Directors are Mr Fong Chung, Mark, Mr Xie Min and Madam Tam Wai Chu, Maria.

* for identification purpose only

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