MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS Development Highlights TAIKOO LI XI’AN World-Class Commercial Landmark to Open in Phases from 2026 Taikoo Li Xi’an, Swire Properties’ fourth and largest Taikoo Li Taikoo Li Xi’an will place the Small Wild Goose Pagoda – project in the Chinese Mainland, will comprise a shopping a world heritage site, and the Jianfu Temple – a royal mall, cultural facilities and a luxury The House Collective temple of Tang Chang’an, as key focal points. hotel, with a total investment of approximately RMB10 billion. Taikoo Li Xi’an will feature an innovative low-rise and Located within the Small Wild Goose Pagoda historical and open-plan design, inspired by the simple yet elegant style cultural zone, this development will create a vibrant, world- of traditional Tang Dynasty architecture. The site is a class cultural and commercial destination in Xi’an; and transportation hub and is conveniently located at the showcase Xi’an on both the national and international stage. intersection of two metro lines (Line 2 & Line 5). 6666