Key Developments In July 2023, the Group obtained full ownership of Wah Ha Factory Building in Quarry Bay, Hong Kong. In December 2022, the Group entered into three Together with the adjacent wholly-owned Zung Fu conditional agreements with the Sino-Ocean group to Industrial Building, the two sites are intended to be acquire further interests in Sino-Ocean Taikoo Li redeveloped for office and other commercial uses. Chengdu. Under the first agreement (which was completed in December 2022), the Group’s interest in In July 2023, a joint venture company in which the Sino-Ocean Taikoo Li Chengdu increased from 50% to Group holds a 25% interest started the pre-sales of 65%. Under the second agreement (which was LA MONTAGNE, a residential development in completed in February 2023), the Group’s interest in Wong Chuk Hang, Hong Kong. Superstructure works of the property management of Sino-Ocean Taikoo Li the development are in progress. Chengdu increased to 100%. Under the third agreement (which was completed in February 2023), the Group’s interest in the investment properties of Portfolio Overview Sino-Ocean Taikoo Li Chengdu increased to 100%. The consideration was RMB1,000 million under the first The aggregate gross floor area (“GFA”) attributable to agreement, RMB59 million under the second the Group at 30th June 2023 was approximately 34.5 agreement and RMB4,491 million under the third million square feet. agreement. Of the aggregate GFA attributable to the Group, In February 2023, the Group acquired a 40% interest in approximately 30.6 million square feet are investment a site located on Wireless Road in Lumphini sub-district properties and hotels, comprising completed investment in Pathum Wan district, Bangkok for a consideration of properties and hotels of approximately 24.7 million approximately THB2.4 billion. In partnership with City square feet and investment properties under Realty Co. Ltd., the site is expected to be developed for development or held for future development of residential purposes with a site area of approximately approximately 5.9 million square feet. In Hong Kong, 136,000 square feet. the investment property and hotel portfolio comprises approximately 13.7 million square feet attributable to the In June 2023, the Group announced plans to develop a Group of primarily Grade-A office and retail premises, luxury residential project on Brickell Key in Miami, hotels, serviced apartments and other luxury residential which will include the redevelopment of the existing accommodation. In the Chinese Mainland, the Group has Mandarin Oriental Miami hotel. The project, called interests in eight major commercial developments in One Island Drive, will consist of two towers. The first prime locations in Beijing, Guangzhou, Chengdu, tower will comprise luxury private residences managed Shanghai, Xi’an and Sanya. These developments are by Mandarin Oriental. The second tower will comprise a expected to comprise approximately 14.8 million square new Mandarin Oriental hotel as well as private feet of attributable GFA when they are all completed. Of residences and hotel residences. Sales are expected to this, 10.6 million square feet has already been completed. launch in early 2024. Outside Hong Kong and the Chinese Mainland, the investment property portfolio comprises the Brickell City Centre development in Miami, U.S.A. 21