MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS Attributable GFA Completed Investment (000 sq. ft.) Property and Hotel 35,000 Portfolio by Location 30,000 25,000 Hong Kong 20,000 15,000 Chinese Mainland 10,000 U.S.A. 5,000 0 2023 2024 2025 2026 2027 2028 2029 2030 and later Attributable GFA Completed Investment (000 sq. ft.) Property and Hotel 35,000 Portfolio by Type 30,000 25,000 20,000 15,000 Office Hotels/Residential/ Serviced apartments 10,000 Retail Under planning 5,000 0 2023 2024 2025 2026 2027 2028 2029 2030 and later HK$100 Billion Commitment for new projects Investment Plan 58% COMMITTED Hong Kong Chinese Mainland Committed Residential trading projects (including in Remaining target South East Asia) 0 10 20 30 40 50 Target (HK$ Bn) 32