VALUATION OF PORTFOLIO Valuation 2023 Valuation 2022 Valuation 2023 Valuation 2023 Valuation 2022 RMB Million RMB Million (in per sq m of GRA/ GFAI) RMB S$ Million S$ Million Retail CapitaMall Xizhimen 3,668.0 3,638.0 44,153 683.5 706.9 Rock Square 3,410.0 3,410.0 40,794 635.5 662.5 CapitaMall Wangjing 2,844.0 2,884.0 41,817 530.0 560.4 CapitaMall Grand Canyon 1,883.0 1,901.0 26,913 350.9 369.4 CapitaMall Xuefu 1,789.0 1,789.0 17,154 333.4 347.6 CapitaMall Xinnan 1,460.0 1,538.0 27,229 272.1 298.8 CapitaMall Nuohemule 1,030.0 1,030.0 13,498 191.9 200.1 CapitaMall Yuhuating 802.0 800.0 12,919 149.5 155.4 CapitaMall Aidemengdun 402.0 424.0 9,264 74.9 82.4 CapitaMall Qibaoii - 29.0 - - 5.6 CapitaMall Shuangjingiii 842.0 616.0 17,023 156.9 119.7 Business Parks Ascendas Xinsu Portfolio 2,340.0 2,320.0 6,268 436.1 450.8 Ascendas Innovation Towers 902.0 902.0 7,612 168.1 175.2 Ascendas Innovation Hub 353.0 353.0 8,706 65.7 68.6 Singapore-Hangzhou Science & Technology Park (Phase I) 824.0 848.0 8,093 153.6 164.8 Singapore-Hangzhou Science & Technology Park (Phase II) 1,043.0 1,055.0 8,007 194.4 205.0 Logistics Parks Shanghai Fengxian Logistics Park 598.0 629.0 9,525 111.4 122.2 Kunshan Bacheng Logistics Park 327.0 334.0 7,441 60.9 64.9 Wuhan Yangluo Logistics Park 357.0 384.0 4,105 66.5 74.6 Chengdu Shuangliu Logistics Park 348.0 357.0 4,863 64.8 69.4 Total 25,222.0 25,241.0 N.M. 4,700.1 4,904.3 i Figures for retail refer to Gross Rentable Area ("GRA") while figures for business parks and logistic parks refer to Gross Floor Area (“GFA”). ii CapitaMall Qibao was held under a master lease by CapitaRetail Dragon Mall (Shanghai) Co., Ltd, a subsidiary of CapitaRetail China Investments (B) Alpha Pte. Ltd.. The master lease which expired on 7 January 2024, was entered with Shanghai Jin Qiu (Group) Co., Ltd, the legal owner of CapitaMall Qibao. CLCT did not exercise the option to renew the master lease which expired on 31 January 2021 and has ceased operations since the end of March 2023. iii CapitaMall Shuangjing is classified under held for sale as at 31 December 2023 following the announcement of divestment on 6 December 2023. The completion of divestment was announced on 23 January 2024. N.M. - not meaningful S$'000 Investment Properties as at 31 December 2023iii 4,543,213 Decrease in valuation for FY 2023iv (39,769) iii Excludes CapitaMall Shuangjing as the mall is classified as asset held for sale. iv Includes change in fair value of Right-of-Use assets. ANNUAL REPORT 2023 45 Financials Framework Portfolio Performance Leadership Overview
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