MANAGEMENT DISCUSSION & ANALYSIS | REVIEW OF OPERATIONS Property Trading Overview The trading portfolio comprises completed units available for sale at EIGHT STAR STREET in Hong Kong and The River in Vietnam. There are six residential projects under planning or development, three in Hong Kong, one in Indonesia, one in Vietnam and one in Thailand. There are also land banks in Miami, U.S.A. Property Trading Portfolio (At 31st December 2022) Actual/Expected GFA (sq. ft.) Construction Attributable (100% Basis) Completion Date Interest Completed Hong Kong (1) (2) – EIGHT STAR STREET, Wan Chai 5,897 2022 100% Vietnam (2) – The River 185,594 2022 20% Under Development Hong Kong – Wong Chuk Hang Station Package Four Property Development 638,305 2024 25% (3) – Chai Wan Inland Lot No. 178 694,278 2025 80% (4) (5) – 269 Queen’s Road East, Wan Chai 102,990 2025 100% Indonesia – Savyavasa, South Jakarta 1,122,728 2024 50% Vietnam – Empire City 7,131,624 2028 15.73% Held for Development or sale U.S.A. – South Brickell Key, Miami, Florida 550,000 N/A 100% (6) 523,000 N/A 100% – Brickell City Centre, Miami, Florida – North Squared site (1) The occupation permit for EIGHT STAR STREET was issued in May 2022. (2) Remaining saleable area. (3) Including a retail podium of approximately 2,002 sq. ft. (4) In June 2022, the Group acquired this site (via a government land tender). (5) Excluding a retail podium of approximately 13,197 sq. ft. (6) Represents saleable area. Hong Kong EIGHT STAR STREET, Wan Chai EIGHT STAR STREET at 8 Star Street, Wan Chai is a residential building (with retail outlets on the lowest two levels) of approximately 34,000 square feet. The occupation permit was obtained in May 2022. 30 out of 37 units had been sold at 7th March 2023. 27 units had been handed over to the purchasers as 31st December 2022. 58