3 Company Profile 6 2024 Highlights 12 Financial Highlights 13 Ten-Year Financial Summary 16 Chairman’s Statement 19 Chief Executive’s Statement 24 Key Business Strategies 28 Review of Operations 74 Financial Review 81 Financing 92 Corporate Governance 110 Risk Management 117 Directors and Officers 119 Directors’ Report 125 Sustainability Review CONTENTS 134 Independent Auditor’s Report 138 Consolidated Statement of Profit or Loss 139 Consolidated Statement of Other Comprehensive Income 140 Consolidated Statement of Financial Position 141 Consolidated Statement of Cash Flows 142 Consolidated Statement of Changes in Equity 143 Notes to the Financial Statements 199 Accounting Policies 202 Principal Subsidiary, Joint Venture and Associated Companies 205 Schedule of Principal Group Properties 215 Glossary 216 Financial Calendar and Information for Investors MANAGEMENT DISCUSSION & ANALYSIS CORPORATE GOVERNANCE & SUSTAINABILITY AUDITOR’S REPORT AND ACCOUNTS SUPPLEMENTARY INFORMATION