Salary Increase and Discretionary Bonus Announced for
All Eligible Sands China Full-time Team Members
(Macao, Jan. 26, 2017) – Sands China Ltd. (HKEx: 1928) is increasing the salaries of all eligible full-time team members by an average of 2-6 per cent, effective March 1, 2017. In addition, the company is paying a discretionary bonus to all eligible full-time team members on Jan. 27, 2017 to reward their contributions toward the company’s continuing success and achievements.
The company’s salary increase takes effect March 1, 2017. Eligible full-time employees earning monthly salaries less than or equal to MOP 12,000 (before tax) will receive a pay rise of MOP 600, resulting in a salary increase of 5 per cent or more. Eligible team members earning monthly salaries above MOP 12,000 (before tax) will receive an average of a 2-2.5 per cent pay rise.
From among nearly 28,000 eligible full-time employees, qualified team members who have completed at least one full year of service in 2016 will receive a discretionary bonus on Jan. 27, equivalent to at least one month’s salary.
In addition, Sands China Ltd. will again distribute a Special Award in July 2017 to eligible full-time team members, equivalent to one month’s salary.
“Sands China is again pleased to announce a salary increase and discretionary bonus for its valued team members,” said Dr. Wilfred Wong, president of Sands China Ltd. “Although faced with a challenging and competitive business environment, Sands China offered a salary increase last year. Sands China is very proud of the commitment and solid contributions of all our team members, and seeks to reward them accordingly. This year, we would like to share the successes of 2016 by offering a salary increment and bonus for eligible team members to express our gratitude for their teamwork and dedication to the company. Sands China is confident in reaching more milestones with our team members and in another successful year in 2017.”
About Sands China Ltd.
Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a Cayman Islands registered company and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company’s Cotai Strip portfolio is comprised of The Venetian® Macao, The Plaza™ Macao, Sands® Cotai Central and The Parisian Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s integrated resorts contain 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 Cotai Arena, The Venetian Theatre, The Parisian Theatre and the upcoming Sands Cotai Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).
For more information, please visit www.sandschinaltd.com.
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