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Macao Studio City Appoints Henry Lim as Chief Financial Officer
10 October 2007
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HONG KONG, China — October 10, 2007 — Macao Studio City (MSC), one of Asia’s first integrated leisure resort properties combining studios, retail, entertainment and world-class hotels today announced the appointment of Mr. Henry Lim Song Joo as Chief Financial Officer.  Mr. Lim will be based in Hong Kong, and will oversee all aspects of financing towards the project, as well as setting the financial direction for Macao Studio City’s long-term development.  The complex is scheduled to open in mid-2009.

Henry brings to Macao Studio City more than 28 years of diverse experience in financial, operational, strategic and general management in various industries.  Prior to joining Macao Studio City, Henry was the Deputy Chief Executive Officer (Corporate Services) and Chief Financial Officer of MediaCorp Pte. Ltd., where he was in charge of finance, risk management, technology and facility management.

Before joining MediaCorp, Henry spent 15 years with other Temasek Group companies where he held various senior management positions with Temasek Holdings Pte. Ltd., StarHub Ltd. Singapore Technologies Industrial Corporation Ltd. and Singapore Computer Systems Ltd.

 “We are very pleased that Henry has joined Macao Studio City, completing what we believe is one of the best senior management teams anywhere in Asia,” said Mr. Peter Lam, co-chairman of Macao Studio City.  “Henry’s arrival to Macao Studio City is very timely; given the rapid pace of our growth ahead of our opening in 2009 – not to mention the vast array of partnerships and ventures we have to manage – management team strength is a critical success factor.”

“Macao Studio City has been very impressed with Henry’s past achievements in managing fast-growing, agile and ambitious organizations,” said Mr. David Friedman, co-chairman and co-chief executive officer of Macao Studio City.  “His extraordinary ability to secure significant project financing while overseeing rapid – but at times unpredictable – growth was one of many reasons we have appointed him as CFO.  I firmly believe that Henry’s experience especially in managing multiple brands and partners will help Macao Studio City become a successful must-see, must-stay destination.”

During his tenure at StarHub, Henry oversaw the rapid expansion of the fully integrated telecom operator from a newly start-up organization to a multi-faceted organization valued at over S$1 billion – in the span of four years.  Under Henry’s leadership, together with the key management team, StarHub has grown from a 100-people organization to one of the most competitive triple-play telecom players in the region, with over 2,800 employees.  Henry’s – and StarHub’s – achievements were subsequently recognized by Project Finance International Magazine and International Financing Review, which awarded the operator “Asia Pacific Telecoms Deal of 2000” and “Singapore Loan Deal of the Year” respectively. At leisure time, Henry is an active contributor to community activities in Singapore. He is a member of the Singapore Kindness Movement Council.

Mr. Ambrose Cheung, co-chief executive officer of Macao Studio City added: “Just as we have created value-added partnerships with only the-best-of-the-best brands, we have put together a top-notch management team with decades of experience in hotels, entertainment, gaming and property development. Henry, with his proven track record in financing and management, complements what is already a very strong group to ensure Macao Studio City will become one of the most valuable and exciting properties in Macao.”

Macao Studio City is being developed on a 32.3-acre site in Macao, strategically located “Where Cotai Begins(TM)”, next to the new Lotus Bridge immigration checkpoint, linking the complex directly to Zhuhai’s Hengqin Island. When completed, Macao Studio City will boast some of the most comprehensive entertainment and retail facilities of any single property in Macao, as well as a one million square foot Studio Retail(TM) complex called The Mall at Studio City – created in partnership with Taubman Centers, Inc.