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Investor Presentaiton

Long-term Outlook Short-term 20 2,47 China Life Sciences - 2022 Limited supply and strong demand will put upward pressure on the rents of projects with EIA licenses. Domestic businesses are expected to dominate the market, though MNCs will continue investing and establishing HQs, innovation and R&D centres. LSRE investors are expected to become more active, searching for higher yields and bridging the supply shortfall through asset renovation. An influx of venture capital and top talent will continue to foster industry growth. Closer cooperation between pharmaceutical firms and real estate companies in project renovation and operation will be likely. Regulation and government price setting will result in industry consolidation; increasing M&As and collaborations will generate more office or lab space demand. Clusters of businesses, talent and capital will become more entrenched in key locations.
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