- 2 - Appendix A Frequency of meetings 9. Meetings will be held not less than four times a year. Duties 10. The Committee shall:- (a) review, and suggest any changes to, the Company’s strategy in respect of ESG matters (the “ESG Strategy”) from time to time (including approving targets or key initiatives recommended by the working groups referred to in 10(c) below); (b) ensure that the Company’s operations and practices are carried out in line with the ESG Strategy; (c) review on an annual basis the performance of the Company in achieving targets or key initiatives recommended by the following six working groups which are responsible for their respective aspects of sustainable development: (i) the Places Working Group (chaired by Director, Office (Portfolio Management)); (ii) the People Working Group (chaired by Director, Human Resources); (iii) the Partners Working Group (chaired by General Manager, Projects (HK & SE Asia)); (iv) the Performance (Environment) Working Group (chaired by Director & Senior Advisor); (v) the Performance (Economic) Working Group (chaired by Finance Director); and (vi) Sustainable Development Communication and Engagement Committee (chaired by Deputy Director – Public Affairs). (d) review any significant risks, opportunities or investments in connection with the implementation of the ESG Strategy, and approve any material matters (whether financial or otherwise) arising from such review; (e) review and approve the annual Sustainable Development Report and any relevant ancillary public documents; and (f) through its Chairman, report relevant matters of significance relating to sustainable development to the Board of Directors of the Company. SProps ESG ToR - Version 2 Mar 2022