63 SWIRE PROPERTIES ANNUAL REPORT 2024 Profile of Capital Commitments for Investment Properties and Hotels Expenditure Forecast Expenditure Total Commitments(1) Commitments relating to Joint Venture Companies(2) 2024 HK$M 2025 HK$M 2026 HK$M 2027 HK$M 2028 and later HK$M At 31st December 2024 HK$M At 31st December 2024 HK$M Hong Kong 1,353 1,473 390 560 9,125 11,548 28 Chinese Mainland 4,246 6,904 6,587 3,568 3,013 20,072 11,548 U.S.A. 147 – 37 – – 37 – Total 5,746 8,377 7,014 4,128 12,138 31,657 11,576 (1) The capital commitments represent the Group’s capital commitments of HK$20,081 million plus the Group’s share of the capital commitments of joint venture companies of HK$11,576 million. (2) The Group is committed to funding HK$845 million of the capital commitments of joint venture companies. Outstanding capital commitments at 31st December 2024 were HK$20,072 million (2023: HK$15,271 million), including the Group’s share of the capital commitments of joint venture companies of HK$11,548 million (2023: HK$7,106 million). The Group is committed to funding HK$845 million (2023: HK$797 million) of the capital commitments of joint venture companies. In addition to this, the Group is committed to make capital injections into joint venture companies of HK$1,549 million (2023: HK$275 million). Capital expenditure in 2024 on investment properties and hotels in the U.S.A. amounted to HK$147 million (2023: HK$49 million). Outstanding capital commitments at 31st December 2024 were HK$37 million (2023: HK$25 million). Capital Commitments Capital Expenditure and Commitments Capital expenditure in 2024 on Hong Kong investment properties and hotels, including the Group’s share of the capital expenditure of joint venture companies, amounted to HK$1,353 million (2023: HK$2,319 million). Outstanding capital commitments at 31st December 2024 were HK$11,548 million (2023: HK$9,919 million), including the Group’s share of the capital commitments of joint venture companies of HK$28 million (2023: HK$22 million). Capital expenditure in 2024 on Chinese Mainland investment properties and hotels, including the Group’s share of the capital expenditure of joint venture companies, amounted to HK$4,246 million (2023: HK$935 million).