Macao Enterprises Take Trip to Lisbon with Sands China

Exploratory visit promotes technological innovation inMacao

MACAO,Dec. 4, 2024/PRNewswire/ -- A delegation of 17 Macao enterprises took a trip toLisbonon Sands China's invitation to participate in the company's five-dayMacao Technological Innovation Exploration inLisbonNov. 11-15. The trip aimed to foster the long-term development of technological innovation inMacao, in alignment with Macao SAR government's vision.

The initiative was organised by Sands China Ltd., co-organised by the Macao Economic and Technological Development Bureau (DSEDT), and supported by the Macao Science and Technology Development Fund (FDCT). It was coordinated by the Sands Resorts Incubation Centre, a company initiative that is dedicated to discovering and supporting local innovative enterprises with development potential.

The visit had several objectives, including supporting theMacaogovernment's initiative to spearhead technology-driven smart tourism and foster the growth of high and new technology. It gaveMacaoenterprises certified by DSEDT's Technology Enterprise Certification Program the opportunity to learn about the latest information and global trends in the technology industry – aimed at helpingMacaobuild a technological exchange platform that empowers industrial development.

"Sands China remains committed to supporting local enterprises and industries, and we are very pleased at the success of the exploratory visit toLisbon,"saidGrant Chum, chief executive officer and executive director of Sands China Ltd."As a pillar ofMacao'seconomy, Sands China is dedicated to creating synergy between integrated resort operators and local industries. For this trip, we were honoured to partner with the Economic and Technological Development Bureau of the Macao SAR with the support of the Macao Science and Technology Development Fund to leverage our resources to provide an effective platform forMacao'sdelegates to forge cooperation withLisbon'sinnovative enterprises. By encouraging local enterprises to go global and bring the latest innovations toMacao, it is our hope that they get inspired from this trip as we aim to lay a solid foundation forMacao'sdevelopment in technological innovation. We are grateful to all who took part to make this visit happen, and we look forward to great things ahead as we utiliseMacao'sadvantages as a Sino-Portuguese platform and work together to boostMacao'seconomic diversification."

The first item on the delegation's agenda was to attend the Web Summit, an annual technology conference held inLisbonthat brings together the world's leading experts, innovators, business executives and cultural icons. It was attended by 70,000 participants from 150 countries, including 2,600 start-ups, 900 investors, and 800 speakers. The conference featured keynotes, panel discussions and networking opportunities focused on the latest trends and innovations in the tech industry. Giants of the business world hosted masterclasses, roundtables and discussions to share their expertise across every industry, with theMacaodelegation attending sessions on sustainability, AI, and robotics.

SandsChinaexecutives also joined the trip to get inspired to bring in innovative technologies, products and services that can improve operations, enhance customer experience and boost business performance.

"We are excited to participate in thisLisbontrip, as it offers us the opportunity to explore outsideMacaoand learn abroad,"said delegation memberMisty Luo, representative of Macao Newland Technology Co., Ltd."As one of the first DSEDT-certifiedMacaoenterprises, our company aims to further enhance our innovative approach through experiences like this, with the goal of accelerating the growth ofMacao'sdigital transformation."

A networking dinner organised by Sands China then provided theMacaodelegation with a free-flow experience to foster connections with entrepreneurs and other stakeholders in the innovation ecosystem.

The delegation enjoyed exclusive visits to some of the most innovative companies inLisbononNov. 14. They were offered learning, partnership opportunities and meaningful exchanges as they exploredLisbon'sinnovative spirit and strengthened the bond betweenMacaoand the global tech ecosystem. They visited:

• Outsystems, a low-code application development platform from one ofPortugal's'unicorn'status enterprises (privately owned companies with a valuation ofUS$1 billion) that helps companies build and scale apps quickly and efficiently;
• Sensei Tech, a European pioneer in autonomous retail technology that builds autonomous shopping experiences using cameras, weight sensors and proprietary AI algorithms that generate unique retail knowledge for businesses; and
• Unicorn Factory, a Portuguese initiative designed to support and scale high-potential start-ups, helping them reach unicorn status.

Finally, the group attended a Concrete Opportunities Workshop, where they participated in an in-depth session designed to equip participants with insights and strategies to foster innovation by adopting startup-like approaches and leveraging collaboration opportunities. They explored key innovation methodologies and project types, and gained a comprehensive understanding of how innovation is applied in real-world contexts. The workshop also included time for delegates to raise their own challenges and explore potential ways to collaborate to address them.

Initiatives like theMacao Technological Innovation Exploration inLisbonare part of Sands China's support of the Macao SAR government's promotion of the long-term and sustainable development of smart tourism and high-tech industries. Through such initiatives, Sands China hopes to further integrate tourism and modern technology by supporting the research and development of new high-tech local products, in contribution toMacao'sdevelopment as a world centre of tourism and leisure.

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About Sands China Ltd.

Sands China Ltd. (Sands China or the Company) is incorporated in theCayman Islandswith limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEx: 1928). Sands China is the largest operator of integrated resorts inMacao. The Company's integrated resorts on the Cotai Strip comprise The Venetian^® Macao, The Plaza^® Macao, The Parisian^®Macaoand The Londoner^® Macao. The Company also owns and operates Sands^® Macao on theMacaopeninsula. The Company's portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service betweenHong KongandMacao. The Company's Cotai Strip portfolio has the goal of contributing toMacao'stransformation into a world centre of tourism and leisure. SandsChinais a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

For more information, please visitwww.sandschina.com.

Media contacts:

Corporate Communications, Sands China Ltd.

Mabel Wu

Tel: +853 8118 2268

Email:mabel.wu@sands.com.mo 

Jesse Chiang

Tel: +853 8118 2054

Email:jesse.chiang@sands.com.mo

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SOURCE Sands China Ltd.