The following diagram illustrates the organizational structure of Studio City International Holdings Limited, including the place of formation, ownership interest and affiliation of our significant subsidiaries, as of March 24, 2023:

Notes:

(1) Includes 747,288 Class A ordinary shares held by Melco International Development Limited.

(2) Reflects 124,596,560 Class A ordinary shares of Studio City International Holdings Limited represented by ADSs. Information regarding beneficial ownership of the Class A ordinary shares is reported as of December 31, 2022 and is based on the information contained in the Schedule 13G/A filed by New Cotai, LLC with the SEC on February 9, 2023.

(3) New Cotai also has a Participation Interest in MSC Cotai which represents its economic right to receive an amount equal to approximately 9.4% of the dividends, distributions or other consideration paid to the Company by MSC Cotai, if any, from time to time. New Cotai may exchange all or a portion of its Participation Interest for Class A ordinary shares, subject to certain conditions. If New Cotai were to exercise its right to exchange all of the Participation Interest for Class A ordinary shares, New Cotai would receive 72,511,760 Class A ordinary shares and the corresponding number of Class B ordinary shares held by New Cotai would be surrendered and canceled.

(4) Reflects 114,020,172 Class A ordinary shares of Studio City International Holdings Limited represented by ADSs. Information regarding beneficial ownership is reported as of December 31, 2022 and is based on the information contained in the Schedule 13G/A filed by Silver Point Capital L.P. with the SEC on February 14, 2023.

(5) The remaining 50% of the equity interests of these companies are owned by Studio City Holdings Five Limited, a wholly-owned subsidiary of the Company. The 50% interest held by Studio City Holdings Five Limited in various Studio City companies incorporated in the British Virgin Islands is non-voting.

(6) 3.96% and 1% of the equity interests are owned by Studio City Holdings Four Limited and Studio City Holdings Five Limited, respectively.

(7) 0.02% of the equity interests are owned by Studio City Holdings Five Limited.