SWIRE PROPERTIES ANNUAL REPORT 2023 Capital Commitments amounted to HK$935 million (2022: HK$4,879 million). Capital Expenditure and Commitments Outstanding capital commitments at 31st December 2023 were HK$15,271 million (2022: HK$16,076 million), Capital expenditure in 2023 on Hong Kong investment including the Group’s share of the capital commitments of properties and hotels, including the Group’s share of the joint venture companies of HK$7,106 million (2022: capital expenditure of joint venture companies, amounted HK$7,370 million). The Group is committed to funding to HK$2,319 million (2022: HK$3,246 million). Outstanding HK$797 million (2022: HK$331 million) of the capital capital commitments at 31st December 2023 were commitments of joint venture companies. In addition to HK$9,919 million (2022: HK$11,878 million), including the this, the Group was committed to make a capital injection Group’s share of the capital commitments of joint venture into a joint venture company of HK$275 million (2022: companies of HK$22 million (2022: HK$67 million). HK$421 million). Capital expenditure in 2023 on Chinese Mainland Capital expenditure in 2023 on investment properties and investment properties and hotels, including the Group’s hotels in the U.S.A. amounted to HK$49 million (2022: share of the capital expenditure of joint venture companies, HK$19 million). Outstanding capital commitments at 31st December 2023 were HK$25 million (2022: nil). Profile of Capital Commitments for Investment Properties and Hotels Commitments Total relating to joint venture (1) (2) Expenditure Forecast expenditure Commitments companies 2027 2023 2024 2025 2026 and later At 31st December 2023 At 31st December 2023 HK$M HK$M HK$M HK$M HK$M HK$M HK$M Hong Kong 2,319 1,466 749 1,489 6,215 9,919 22 Chinese Mainland 935 4,158 4,423 3,480 3,210 15,271 7,106 U.S.A. 49 25 – – – 25 – Total 3,303 5,649 5,172 4,969 9,425 25,215 7,128 (1) The capital commitments represent the Group’s capital commitments of HK$18,087 million plus the Group’s share of the capital commitments of joint venture companies of HK$7,128 million. (2) The Group is committed to funding HK$797 million of the capital commitments of joint venture companies. 63