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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 . 銀 娛 GEG GALAXY ENTERTAINMENT GROUP LIMITED 銀河 娛樂 集團 有限公司 ( incorporated in Hong Kong with limited liability ) ( Stock Code : 27 ) ANNOUNCEMENT ON CERTAIN SELECTED UNAUDITED KEY PERFORMANCE INDICATORS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2021 This announcement is issued pursuant to Rule 13.09 ( 2 ) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ( “ Listing Rules ” ) and the Inside Information Provisions ( as defined in the Listing Rules ) under Part XIVA of the Securities and Futures Ordinance ( Chapter 571 of the Laws of Hong Kong ) . LETTER FROM THE CHAIRMAN OF GALAXY ENTERTAINMENT GROUP LIMITED ( " GEG " or the " Company " ) I wish to take this opportunity to update you on the status of Macau and the performance of GEG in Q3 2021. During Q3 both Mainland China and Macau experienced highly publicized periodic outbreaks of COVID - 19 . As a result , selected travel restrictions were implemented during these periods which severely impacted Macau visitation and revenue . It is pleasing to note that once travel restrictions were lifted visitor arrivals quickly rebounded . This gives us confidence that there is pent up demand for leisure , tourism , travel within Mainland China . We would like to again acknowledge Macau Government for acting decisively to contain the most recent outbreak of COVID - 19 including completing the mass testing of Macau's residents . GEG has been very supportive of the Government vaccination program by hosting both testing and vaccination facilities within our resorts . We are pleased to report that GEG has achieved a 92 % vaccination level for team members and we are working hard to achieve 95 % in the near future . Importantly , during the quarter the Macau Government launched a 45 - day consultation program on revising the Macau gaming law . The key points that were listed within the consultation paper were not a surprise to those who closely follow Macau . We believe that the suggested proposals if implemented would improve the regulatory oversight of the industry , increase the sectors transparency and secure the long term viability of Macau's most important economic pillar . Moving onto our Q3 2021 performance , Group Net Revenue was HK $ 4.3 billion , versus HK $ 1.6 billion in Q3 2020 and HK $ 5.6 billion in Q2 2021. Group Adjusted EBITDA was HK $ 503 million , versus HK $ ( 943 ) million in Q3 2020 and HK $ 1.1 billion in Q2 2021. Further , our performance was supported by our continued vigilant focus on our cost control measures across the Group . We also continue to improve our properties including enhancing our retail experience by adding more world class brands , among others , where retail delivered another solid performance . Our balance sheet remains liquid and healthy . As of 30 September 2021 , cash and liquid investments were HK $ 38.4 billion and net cash was HK $ 27.8 billion . Total debt was HK $ 10.6 billion at 30 September 2021 , including HK $ 10.2 billion associated with our treasury yield enhancement program and HK $ 0.4 billion of core debt . This provides us with valuable flexibility in managing operations and supporting our ongoing development initiatives . 1