Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SANDS CHINA LTD.

金沙中國有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1928) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2016

This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

On or about January 26, 2017 (5 a.m. Hong Kong time), our controlling shareholder, Las Vegas Sands Corp. ("LVS"), announced its financial results for its fiscal fourth quarter and year ended December 31, 2016.

This announcement is issued by Sands China Ltd. ("SCL" or our "Company" or "Sands China") pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Our Company's controlling shareholder, LVS, is a company listed on the New York Stock Exchange (the "NYSE") in the United States. As at the date of this announcement, LVS beneficially owns approximately 70.10% of the issued and outstanding share capital of our Company.

LVS files quarterly and annual reports, including quarterly and annual financial information and certain operating statistics under Form 10-Q and Form 10-K, respectively, with the United States Securities and Exchange Commission (the "SEC"), in accordance with the ongoing disclosure obligations applicable to a publicly traded NYSE-listed company. Such filings include segment financial information about the Macao operations of LVS, which Macao operations are owned by our Company, and the filings are available in the public domain.

LVS has, on or about January 26, 2017 (5 a.m. Hong Kong time), announced its financial results for the fiscal fourth quarter and year ended December 31, 2016 (the "Quarterly Financial Results"), held its fourth quarter 2016 Earnings Conference Call (the "Earnings Call") and posted a fourth quarter results chart deck on its website (the "Chart Deck"). If you wish to review the Quarterly Financial Results prepared by LVS, which were filed with the SEC, please visit http://investor. sands.com/files/doc_news/2016/q4/Q416-Earnings-Release_vFinal.pdf or https://www.sec.gov/ Archives/edgar/data/1300514/000095014217000156/eh1700196_ex9901.htm. If you wish to review the Chart Deck, please visit http://investor.sands.com/files/doc_presentations/2016/Q4/LVS-4Q16- Earnings-Deck-vFinal.pdf.

The financial results of LVS and its consolidated subsidiaries, including those contained in the Quarterly Financial Results, the Earnings Call and the Chart Deck have been prepared in accordance with the generally accepted accounting principles of the United States ("US GAAP"), which are different from the International Financial Reporting Standards ("IFRS") that we are subject to when preparing and presenting our stand-alone financial results and related financial information. As such, the financial results and related financial information set forth in the Quarterly Financial Results, the Earnings Call and the Chart Deck are not directly comparable to the financial results and related financial information that our Company discloses as a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. In particular, Average Daily Rate ("ADR") and Revenue Per Available Room ("RevPAR") as presented in the Quarterly Financial Results, the Earnings Call and the Chart Deck are based on gross room revenues as reported under US GAAP, which include associated promotional allowances within room revenues. Under US GAAP, promotional allowances are then deducted from total gross revenues in presenting net revenues. Under IFRS, room revenues exclude such promotional allowances. Our shareholders and potential investors in our ordinary shares are advised that the consolidated financial results and related financial information set forth in the Quarterly Financial Results, the Earnings Call and the Chart Deck with respect to our Company's operating results have not been prepared or presented by our Company, and there is no indication or assurance from our Company that the financial results and related financial information of our Company will be the same as that presented in the Quarterly Financial Results, the Earnings Call and the Chart Deck.

To ensure that all shareholders of and potential investors in our Company's ordinary shares have equal and timely access to the information pertaining to our Company, set forth below are extracts and key highlights of the financial results and related financial information published by LVS in the Quarterly Financial Results and the Earnings Call that relate to our Company and our operations in Macao:

QUARTERLY FINANCIAL RESULTS EXTRACTS Fourth Quarter Overview

Mr. Sheldon G. Adelson, chairman and chief executive officer of LVS, said, "We are pleased to have delivered a solid operating performance in each of our markets, which enabled us (LVS) to generate US$1.12 billion in adjusted property EBITDA for the quarter, an increase of 6.1% compared to the fourth quarter of 2015.

In Macao, our industry-leading Cotai Strip property portfolio, which has been meaningfully expanded by the opening of The Parisian Macao, generated growth of 16% in the mass gaming segment. This result was our strongest growth in Macao's most important and profitable segment since the second quarter of 2014. The Macao market overall continued its recovery in the fourth quarter, while our Macao portfolio generated visitation growth of 23% and higher hotel occupancy rates. We are confident that the benefits of the increased scale we have achieved in our market- leading hotel, retail and entertainment offerings will enable us to deliver growth in Macao and strong financial performance.

We are pleased The Parisian Macao, our latest integrated resort delivered US$95 million in adjusted property EBITDA during its first full quarter of operation and quickly established itself as another "must see" destination for visitors to Cotai. To date we have invested approximately US$13 billion in Macao, contributing to Macao's diversification and appeal as a business and leisure tourism destination. We remain confident that our market-leading Cotai Strip portfolio of properties will continue to provide the economic benefits of diversification to Macao, help attract greater numbers of business and leisure travelers, and provide both Macao and our company an outstanding and diversified platform for future growth.

Our focus remains on the consistent execution of our proven global growth strategy, which leverages the power of our unique convention-based integrated resort business model."

Sands China Ltd. Consolidated Financial Results

On a US GAAP basis, total net revenues for Sands China increased 12.0% to US$1.86 billion in the fourth quarter of 2016, compared to US$1.66 billion in the fourth quarter of 2015. Net income for SCL decreased 7.9% to US$348 million in the fourth quarter of 2016, compared to US$378 million in the fourth quarter of 2015.

On a US GAAP basis, full year 2016 total net revenues for Sands China decreased 2.5% to US$6.69 billion, compared to US$6.86 billion in 2015. Net income for Sands China decreased 15.9% to US$1.22 billion in 2016, compared to US$1.45 billion in 2015.

The Venetian Macao Fourth Quarter Operating Results

The property generated revenue of US$707 million and adjusted property EBITDA of US$262 million in the fourth quarter, with an adjusted property EBITDA margin of 37.1%. Non-Rolling Chip drop was US$1.72 billion for the quarter, with a Non-Rolling Chip win percentage of 25.1%. Rolling Chip volume decreased US$1.1 billion to US$6.89 billion, with a Rolling Chip win percentage of 3.23%, below the 3.34% experienced in the prior-year quarter. Slot handle was US$783 million.

The following table summarizes the key operating results for The Venetian Macao for the fourth quarter of 2016 compared to the fourth quarter of 2015:

The Venetian Macao Operations Three Months Ended December 31,

Casino

$ 602

$ 632

$ (30)

-4.7%

Rooms

44

50

(6)

-12.0%

Food and Beverage

21

24

(3)

-12.5%

Mall

57

62

(5)

-8.1%

Convention, Retail and Other

21

30

(9)

-30.0%

Less - Promotional Allowances

(38)

(37)

(1)

-2.7%

Net Revenues

$ 707

$ 761

$ (54)

-7.1%

Adjusted Property EBITDA

$ 262

$ 298

$ (36)

-12.1%

EBITDA Margin %

37.1%

39.2%

-2.1 pts

Gaming Statistics

(In US millions)

Rolling Chip Volume

$ 6,889

$ 7,997

$ (1,108)

-13.9%

Rolling Chip Win %(1)

3.23%

3.34%

-0.11 pts

Non-Rolling Chip Drop

$ 1,715

$ 1,743

$ (28)

-1.6%

Non-Rolling Chip Win %

25.1%

23.4%

1.7 pts

Slot Handle

$ 783

$ 1,009

$ (226)

-22.4%

Slot Hold %

4.3%

4.7%

-0.4 pts

Hotel Statistics

Occupancy %

94.2%

83.5%

10.7 pts

Average Daily Rate (ADR)

$ 211

$ 223

$ (12)

-5.4%

Revenue per Available Room (RevPAR)

$ 199

$ 186

$ 13

7.0%

(In US millions) 2016 2015 $ Change Change Revenues:

(1) This compares to our expected Rolling Chip win percentage of 2.7% to 3.0% (calculated before discounts and commissions).

Sands China Ltd. published this content on 26 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 23:52:07 UTC.

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