Notice: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

January 23, 2023
Company name:Name of representative:(Securities code: 6676)
Inquiries:

MELCO HOLDINGS INC.
Hiroyuki Maki, President and CEO
Yasukazu Kouketsu, General Managerof IR Division(Telephone: +81-3-4213-1122)

Notice Concerning the Start of Preparations for a Share-Distribution-Type Spin-off and theStart of Preparations for Listing the Shares of the Consolidated Subsidiary ShimadayaCorporationMELCO HOLDINGS INC. (the “Company”) hereby announces that, based on a written resolution passed onJanuary 23, 2023 in lieu of a resolution passed at a meeting of the Board of Directors pursuant to the provisionsof Article 370 of the Companies Act (Act No. 86 of 2005, including subsequent revisions) and the Company’s
Articles of Incorporation, the Board of Directors resolved to start preparations to distribute all of the shares of
the Company’s consolidated subsidiary Shimadaya Corporation (“Shimadaya”) held by the Company toshareholders through dividends in kind (dividends of property other than cash) (the “Spin-off”) and to start
preparations for listing the shares of Shimadaya.
As the reasons and purpose of the Spin-off, in light of the current conditions of drastic changes in the businessenvironment and society, the Company aims to maximize shareholder value by executing an agile businessstrategy and further promoting growth in each business field by making Shimadaya, which operates the foodbusiness, separate and independent and adopting independent management, capital and share listings. The
Spin-off uses a share-distribution-type spin-off under which tax exemption measures for the gain or loss ontransfer with respect to the corporation distributing the shares, tax exemption measures with respect to thedividends to the shareholders receiving the distribution, and tax deferral measures for the gain or loss ontransfer with respect to shareholders are created as a result of the 2017 tax reforms, and shares of theCompany’s consolidated subsidiary Shimadaya are delivered to the Company’s shareholders as dividends inkind. In the Spin-off, the Company plans to issue dividends in kind (dividends of property other than cash) toshareholders that provide no right to demand distribution of monies. In addition, from the standpoint ofensuring that shareholders have opportunities to purchase and sell the shares, the Company will conduct theSpin-off under the assumption that the shares of Shimadaya will be listed on the stock exchange of Tokyo
Stock Exchange, Inc. (“Tokyo Stock Exchange”). Accordingly, the Company plans to submit an initial listing
application to the Tokyo Stock Exchange before conducting the Spin-off, and the Spin-off is subject toreceiving listing approval from the Tokyo Stock Exchange and other conditions. At the same time, theCompany will maintain the listing of its shares on the Tokyo Stock Exchange even after the Spin-off.
Therefore, as a result of the Spin-off, the Company’s shareholders will hold two issues of listed shares, namely
the Company’s shares and shares of Shimadaya. In addition, as a result of the Spin-off, Shimadaya will nolonger be a consolidated subsidiary of the Company, and will become an independent listed company that has
no capital relationship with the Company. Details of the Spin-off, time of listing, etc. are yet to be determined,and depending the results of considerations over the course of the preparations, the Company may decide not toconduct the Spin-off or list the shares.
Going forward, should any matters requiring disclosure arise regarding the Spin-off and the listing of
Shimadaya’s shares, including the impact on the Group’s financial results, the Company will promptly disclosethem.
Overview of Shimadaya Corporation (as of September 30, 2022)(1) Name

Shimadaya Corporation(2) Address

33-11 Ebisu nishi, 1-chome, Shibuya-ku, Tokyo, Japan(3) Title and name of representative

Norio Kinoshita, President and CEO(4) Business descriptionManufacture and sale of noodles and related food products-1-(5) Share capital¥1.0 billion(6) Date of establishment

March 1949

(7) Number of issued shares

10,577,900 shares(8) Major shareholders andpercentage of shareholding

MELCO HOLDINGS INC. 100%###-2-