1Q2023 Operating Highlights

Financials China Malls • • SM Prime's China mall business posted an 11% decrease on its operating income at RMBO.09 billion from RMBO.11 billion. China malls revenues reached RMBO.2, almost same level as last year. (In RMB Billion) 1Q23 1Q22 % Chg Revenues 0.202 0.205 -2% - Rent Income 0.196 0.199 -1% - Others 0.005 0.006 -16% EBITDA 0.155 0.161 -4% Operating Income 0.095 0.106 -11% SHI

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