19,000 15,200 11,400 7,600 3,800 0 2026 2027 2025 2024 2023 2022 GFA (000 sq. ft.) Expected Attributable Area of Completed Property Portfolio in the Chinese Mainland anticipated at 31st December 2024 Taikoo Li Sanlitun, Beijing Taikoo Li Chengdu Taikoo Hui, Guangzhou INDIGO, Beijing(1) Taikoo Li Qiantan, Shanghai HKRI Taikoo Hui, Shanghai Taikoo Li Sanya(4) Taikoo Li Xi’an(3) Lujiazui Taikoo Yuan, Shanghai(6) Taikoo Li Julong Wan Guangzhou(7) No. 387 Tianhe Road, Guangzhou(8) Taikoo Place Beijing(2) Beyond 2027 Shanghai New Bund Mixed-use Project(5) Hui Fang, Guangzhou Others The chart below illustrates the expected attributable area of the completed property portfolio in the Chinese Mainland anticipated at 31st December 2024. 54 MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS (1) INDIGO forms part of Taikoo Place Beijing. (2) Formerly known as INDIGO Phase Two, Beijing, the development is expected to be completed in phases from mid-2026. The Group acquired a 14.895% interest of this development in August 2024. As a result, the Group’s interest increased from 35% to 49.895%. Taikoo Place Beijing has been renamed from INDIGO Phase Two since November 2024. (3) The development is expected to be completed in phases from 2027. (4) The development is expected to be completed in phases from 2026. Project name has yet to be confirmed. (5) The development is expected to be completed in 2026. (6) Formerly known as Shanghai Yangjing Mixed-use Project, the development is expected to be completed in phases from 2026. (7) The development is expected to be completed in phases from the first half of 2027. GFA as shown above represented the sites acquired as of 31st December 2024. The GFA will increase to approximately 1,615,000 square feet, subject to further relevant transaction agreements. (8) The refurbishment of the property is expected to be completed from 2027 and form part of Taikoo Hui, Guangzhou. Others ZHANGYUAN, Shanghai In 2021, the Group formed a joint venture management company with Shanghai Jing’an Real Estate (Group) Co., Ltd. This company, in which the Group has a 60% interest, is engaged in the revitalisation and management of the ZHANGYUAN shikumen compound in the Jing’an district of Shanghai. When the revitalisation is completed, the compound will have a GFA (including car parking spaces) of 673,871 square feet above ground and 956,949 square feet underground. There are over 40 shikumen blocks, with about 170 two or three-storey houses. There are connections to three metro lines and to HKRI Taikoo Hui. The first phase (the West zone) was completed and opened in November 2022. Construction and renovation works for the second phase (the East zone) are in progress. The second phase is planned to be completed and opened in late 2026. The Group does not have an ownership interest in the compound.