Strategic Warehouse Acquisition in Yangtze River Delta

Immediately Yield Accretive Transaction with Excellent Attributes 4 Investment Rationale ✓ Strategically located in Jiaxing and Changshu Reputable Tenants ■Third Party Logistics ■ E-Commerce Well-connected in Yangtze River Delta through artery expressways with convenient access to neighbouring cities/hubs Highly-sought modern warehouses with excellent specifications Both Jiaxing and Changshu South reached 100% occupancy within 6-month from completion; expected positive rental growths for the two assets ✓ Reputable tenant base offering stable income streams The tenants of Jiaxing and Changshu South are leading local players in third party logistics, e-commerce and manufacturing fields ✓ Positive market outlook underpinning future growth potential Logistics land zoning of all target properties that is scarce in future supply and growing demand from e-commerce and third-party logistics in the subject submarkets 30% Jiaxing Asset Changshu South Asset 100% 70% ■ Manufacturer Note: (1) By area

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