2Q 2020 Financial Results

Portfolio Summary Portfolio Valuation*: 8,212 mil NLA: 312,844 sqm Occupancy: 93.6% *Based on independent valuation as at 31 Dec 19 by JLL (RMB million). ^Occupancy for 2Q 2020 TURTH Hefei Outlet Mall Valuation 2,795 mil NLA 144,583 sqm Occupancy: 94.7% Bishan Outlet Mall Valuation 824 mil NLA: 47,308 sqm Occupancy: 84.2% Kunming Outlet Mall Valuation 1,620 mil NLA: 70,067 sqm Occupancy: 97.3% Chongqing Outlet Mall Valuation 2,973 mil NLA50,885 sqm Occupancy: 100% SGinvestors REIT SASSEUR 34 ===

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