2025 Interim Results Presentation Mar 2025 2025 Interim Results Overview Results summary (cont'd) – Key Highlights Resilient rental portfolio •Revenue: down 16% to HK$2,548m •NLAT: loss reduced to HK$118m from loss of HK$1,853m •Adjusted EBITDA1 : down 5% to HK$494m •Adjusted NLAT2 : reduced 23% to HK$412m •NAV: HK$26bn Financial results Hotel revenue steady Recognition of property sales - HK partially offset China Admin expenses reduction Finance costs reduction •Revenue: down 54% to HK$648m •NLAT: loss re ...

Financial Performance - Lai Sun Development (LSD) reported revenue of HK$2,597 million and an operating profit of HK$403 million, but a net loss of HK$123 million [5] - eSun Holdings Limited reported revenue of HK$2,548 million and an operating profit of HK$463 million, but a net loss of HK$118 million [5] - Lai Fung Holdings Limited (LFH) reported revenue of HK$648 million and an operating profit of HK$185 million, but a net loss of HK$164 million [5] - eSun's resilient rental portfolio saw revenue decrease by 16% to HK$2,548 million, with net loss after tax (NLAT) reduced to HK$118 million [9] - LSD Group's revenue decreased by 54% to HK$648 million, with NLAT reduced by 6% to HK$164 million [9] Financial Position - Total capital resources were HK$5.5 billion, while total borrowings repayable within one year were HK$4.0 billion [11] - The average funding cost is 6.0% [13] - The company has successfully refinanced and upsized other facilities of over HK$4 billion [14] Operational Highlights - Bal Residence in Hong Kong sold 108 out of 156 residential units, generating proceeds of HK$557.9 million [21] - The Parkland in Hong Kong sold 107 out of 112 residential units, generating proceeds of HK$322.7 million [21] - Hengqin Novotown Phase I occupancy reached 83.5% with rental income of HK$9.2 million [42] - Hengqin Novotown Phase I office occupancy reached over 80% and is expected to exceed 90% shortly [21] Investment Portfolio - Rental income from Hong Kong properties totaled HK$222.3 million, a decrease of 7.2% [25] - Rental income from Shanghai properties totaled HK$184.7 million, an increase of 4.2% [25] - Rental income from Guangzhou properties totaled HK$150.6 million, an increase of 4% [25] - Rental income from Zhongshan Palm Spring Rainbow Mall was HK$2.6 million, a decrease of 16.1% [25]