Suncity voted as Number 1 in Gaming & Lodging Sector in the Institutional Investor 2021 All-Asia Executive Rankings

Suncity Achieved All-Star Status, Also Named as the “Most Honored Company”

HONG
KONG SAR – Media
OutReach – 30 June 2021 – Suncity Group Holdings Limited (“Suncity“, Hong Kong
Stock Exchange code: 1383, or the “Group“) together with its subsidiary,
Summit Ascent Holdings Limited (“Summit
Ascent“, Hong Kong Stock Exchange code: 102), are pleased to announce the
exciting news that Suncity and Summit Ascent are named in the “2021 All-Asia
Executive Team Rankings” published by the world-renowned financial
publication Institutional Investor. Suncity has been ranked as the overall
Number 1 in the Gaming and Lodging sector, even with COVID-19 as the backdrop.
Suncity attained All-Star status achieving a first-place clean sweep in the
combined rankings across all five categories in Best CEO, Best CFO, Best
Investor Relations Professional, Best IR Program and Best ESG; and is clearly
the most-decorated winner amongst gaming companies in Asia. This is a phenomenal
recognition by the investment community on the Group’s perseverance albeit challenging
business conditions.

Photo Caption: Suncity being named as the “Most Honored Company” in the All-Asia Executive Team Poll 2021, published by Institutional Investor  

 

This is an unprecedented
recognition that Suncity has been ranked in the overall first place in
the Gaming & Lodging listing in Asia, surpassing many well-established mega,
large and mid-cap Gaming & Lodging peer companies. Being honoured on the
top spot by a prominent financial publication based on verified votes is the
highest form of respect the investment community paid towards the Group. In
addition, Summit Ascent is also named in the top three in multiple categories, indicating
that the acquisition by Suncity brings a fresh perspective in new leadership,
operational culture and operational excellence, which are also well-recognised.

 

Unlike other awards, the II Research ranking is entirely based on
votes from recognised financial professionals. It is highly authoritative and
thus is a trusted ranking for international capital markets. A total of
4,084 investors and portfolio managers and analysts from 1,285 voter firms
participated in this survey, nominating a total of 1,438 companies and 2,690
individuals across 18 sectors. This included 3,503 buy-side professionals from
1,178 buy-side companies with an estimated $1,863 billion in Asia (ex-Japan)
equities and 581 sell-side analysts from 107 companies.

 

The
companies were rated on several core areas, including (1) Financial Disclosure,
(2) Services & Communication, (3) COVID-19 responses and (4) ESG.

 

For over 50
years Institutional Investor has consistently distinguished itself among
the world’s foremost media companies with ground-breaking journalism and
incisive writing that provides essential intelligence for a global audience. In
addition, since 1972, Institutional Investor Research (II Research) has
offered highly-respected proprietary benchmark research and rankings, providing
independent feedback on the sell-side and corporate performance; II Research
aims to be the first-choice as well as independent validation source of
qualitative market intelligence for all three sides of the investment community
and has a global presence spanning Europe, Asia Pacific, the US and Latin
America.

 

Mr. Alvin
Chau, Chairman of Suncity and Chairman of Summit Ascent, said, “I
am overwhelmed by the fact that Suncity has been voted as the Number 1 in the
Gaming & Lodging sector, out of all 1,438 nominated companies in Asia. The
fact that Suncity is such a young company yet it has outperformed other
established peers to take the top spot in the Gaming & Lodging list is
incredible. Altogether Suncity and Summit Ascent have swept a phenomenal 14 accolades
in total, a never-seen-before recognition by the investment community. I wish
to express heartfelt gratitude to the investment community for their benevolent
support.”

 

Mr. Andrew Lo, Executive
Director of Suncity
and Deputy Chairman of Summit Ascent, expressed his delight, “There is no greater way of being recognised
with votes of confidence from the investment community in the Group’s executive
leadership, corporate governance, ESG, investor relations, communication and
transparency efforts. The results this year has never been more encouraging to
us. Though we may be a young company, we are flexible and determined to be
Asia’s best up-and-coming integrated resort operator when borders reopen.”

In the Gaming &
Lodging sector, Suncity has been voted as overall first place amongst
listed companies in Asia. The subcategories are ranked as below:

• “Most Honored Company”, Ranked 1st overall;
• “Best ESG”, Ranked 1st buy-side & sell-side combined;
• “Best CEO”, Ranked 1st sell-side;
• “Best CFO”, Ranked 1st sell-side;
• “Best Investor Relations Company”, Ranked 1st buy-side & sell-side combined;
• “Best Investor Relations Professional”, Ranked 1st buy-side & sell-side combined;
• “Best Investor Relations Team”, Ranked 1st buy-side & sell-side combined;

Summit Ascent has also been recognised in the Gaming & Lodging
sector in the below categories:

• “Honored Company”;  
• “Best ESG”, Ranked 3rd buy-side & sell-side combined;  
• “Best CEO”, Ranked 3rd sell-side;  
• “Best CFO”, Ranked 3rd sell-side;  
• “Best Investor Relations Company”, Ranked 3rd buy-side & sell-side combined; 
• “Best Investor Relations Professional”, Ranked 2nd buy-side & sell-side combined; 
• “Best Investor Relations Team”, Ranked 3rd buy-side & sell-side combined;

These prestigious
awards demonstrated the recognition of Suncity and Summit Ascent’s
high-performing leadership team, investor relations management, and dedication
to environmental, social and governance (ESG) practices among the world’s
capital markets. The recognition by the investment community will continue to motivate
the Group to committing and upholding to the highest standards in investor
communications, corporate governance and ultimately create returns to
shareholders.