2031 2032 2024 2025 2026 2027 2028 2030 2029 40,000 35,000 30,000 25,000 15,000 20,000 5,000 10,000 0 GFA (000 sq. ft.) Attributable Completed Investment Property and Hotel Portfolio by Location Hong Kong Chinese Mainland U.S.A. Beyond 2032 40,000 35,000 30,000 25,000 15,000 20,000 10,000 5,000 0 2031 2032 2024 2025 2026 2027 2028 2030 2029 GFA (000 sq. ft.) Attributable Completed Investment Property and Hotel Portfolio by Type Office Retail Hotels/Residential/ Serviced apartments Under planning Beyond 2032 50 40 30 20 10 0 Target (HK$ Bn) HK$100 Billion Investment Plan Hong Kong Commitment for new projects 67% COMMITTED Committed Remaining target Chinese Mainland Residential trading projects (including in South East Asia) 32 MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS