Leveraging the MPay platform with its vast user base and the Macau Pass’ extensive merchant network in Macau, the Group continues to enhance its role as a bridge for business services. Through the one-stop reward points redemption platform, mCoin, and the tourism and lifestyle services platform, mPass, the Group provides consumers with convenient and cost-effective service experiences, creates incremental value for merchants, and drives the vibrant development of the local consumer market.

Based on the MPay one-stop digital lifestyle and financial services platform, Macau Pass connects scenarios and ecosystems through "payment + finance", creating a diverse range of "ticketing+" services and exploring numerous innovative models. For example, it has integrated MPay with payment and consumption scenarios, collaborated with various local lifestyle brands, issued mCards in collaboration with performance events.

mCoin is MPay’s exclusive points and benefits platform, under which users earn points through MPay transactions. These points can be used to offset purchases or be redeemed for e-vouchers, merchant offers and various lifestyle rewards, including digital products, dining and leisure experiences. In January 2026, the mCoin platform has newly launched an mCoin gift feature, transforming mCoins into shareable and interactive benefits, thereby unlocking consumption value.

Following the recovery of tourist activities in early 2023, we have supported numerous large-scale performances and events in Macau through strategic partnerships, co-hosting, and providing ticketing and cultural entertainment digital products and services. During the period from April 1, 2025 to March 31, 2026, mPass has supported over 130 performances and events in Macau.

Additionally, leveraging its digital platform and ecosystem resources, Macau Pass can also connect markets across Chinese Mainland, Hong Kong, Macau, and international markets. In December 2024, we successively established strategic cooperation with Huawei Services (Hong Kong) Limited, China Telecom (Macau) Limited, and China Arts and Entertainment Group Ltd., and renewed a three-year strategic cooperation agreement with Damai Entertainment and the Galaxy Macau™ integrated resort, with the aim to working together in areas such as digital service innovation, smart city construction, and cultural content curation, thereby supporting Macau’s digital upgrade and high-quality development. In addition, we have partnered with Alipay to launch the Alipay Tap! service at Sands Resorts Macao, and have expanded it into a diversified digital services ecosystem.

Macau Pass has also facilitated the interactive development between local e-commerce and tourism industries. In collaboration with Alibaba Group, Ant Group ecosystem enterprises, and partner merchants, it has established integrated ecosystems combining "tourism + dining", "tourism + retail", "tourism + ticketing", and "tourism + entertainment". These initiatives aim to build a smart urban tourism ecosystem and assist merchants in digital transformation. The company actively participates in government programs like the "Electronic Consumption Benefit Scheme", "Citywide Consumption Carnival" and "POP MART Macao Citywalk", benefiting tens of thousands of local SMEs. Additionally, mPass in collaboration with the Macau Economic and Technological Development Bureau and Damai, launched the "Concert + Community Consumption Benefits" campaign, effectively directing concert-goers to communities such as the Zona de Aterros do Porto Exterior. Future plans include leveraging Amap’s platform to provide Macau merchants with comprehensive information, marketing, operational and technical support services. Concurrently, Macau Pass is promoting Macau tourism to Amap users while utilizing its payment and marketing capabilities to enhance visitor convenience and service experience. Through these multifaceted approaches, Macau Pass continues to drive the digital upgrade of Macau’s tourism and retail sectors. In March 2026, the Group collaborated with Amap to launch the "Amap Street Stars –Macao Authentic Delicacies Ranking" and the "Macao City Life Support Program" in Macau, and support Macau’s local merchants in their digital transformation