38 MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS At 31st December 2024, the top ten office tenants (based on attributable gross rental income in the twelve months ended 31st December 2024) together occupied approximately 23% of the Group’s total attributable office area in Hong Kong. Pacific Place The offices at One, Two, and Three Pacific Place showed resilience in 2024. These offices were 95% let at 31st December 2024. New tenants included Hongkong Tianyi, VC Asset Management, Hemin Asset Management, Wellington Legal, Progeny, Arquitectonica, Three Capital Partners, Shikhara Capital, Cook Asia Limited, Emirates Shipping, and Carret Private Capital. Existing tenants including FWD Life Insurance, Moelis, Charles Russell, Willsun Fertility Hong Kong, and Richard Mille expanded their spaces. Renewals were notable among tenants such as Bank of Japan, Innova Strategies, Orient Wealth, China Huarong Overseas, CPE Advisors, Sculptor Capital, Moody’s, Schroders, Neo Derm, Interactive Brokers, Woori Bank, Visa, Alpine Investment Management, Wells Fargo Bank, Tencent, Goodman, Old Peak, KVB Trading, and Richard Mille. John Swire & Sons, Centurium Capital, Cabral Investment, Mackenzie Investments, Eight Roads, and Northern Trust confirmed relocations within the portfolio upon lease expiry. KGI committed to a consolidation of its group companies in the portfolio alongside decade-long lease renewals from the anchor tenants of Deloitte and PAG. At Six Pacific Place, the occupation permit was obtained in February 2024, and the building was 53% let at 31st December 2024, with commitments from Sotheby’s, Bonhams, British American Tobacco, PineBridge Investments, Dun & Bradstreet, Arrowpoint Investment Partners, and Hugill & Ip. Taikoo Place The performance of One Taikoo Place and One Island East (excluding the nine floors disposed of) at Taikoo Place was steady. These two offices towers were 97% and 92% let, respectively, at 31st December 2024. In One Taikoo Place, AXA Investment Managers and MetLife Asia renewed their leases. In One Island East, CHANEL and Squarepoint Capital leased more space. Accenture, AllianceBernstein, Aon Hong Kong Limited, Capgemini, Covestro, Cushman & Wakefield, H&H Group and Swift renewed their leases. TAIKOO PLACE H O N G KO N G