OPERATIONS REVIEW RETAIL OCCUPANCY As at 31 December 2023, the retail portfolio registered a committed occupancy rate of 98.2%. As at 31 December 2023 % As at 31 December 2022 % CapitaMall Xizhimen 99.5% 98.7% Rock Square 98.9% 93.9% CapitaMall Wangjing 96.2% 93.4% CapitaMall Grand Canyon 97.2% 93.4% CapitaMall Xuefu 99.8% 98.2% CapitaMall Xinnan 95.5% 86.2% CapitaMall Nuohemule 99.9% 98.6% CapitaMall Yuhuating 98.8% 95.0%i CapitaMall Aidemengdun 95.9% 91.6% CLCT Retail Portfolio 98.2% 94.8% i Excludes area undergoing AEI. RETAIL TENANTS SALES AND SHOPPER TRAFFIC With China lifting its COVID-19 restrictions in December 2022, CLCT recorded continued improvement in tenant sales and shopper traffic. For FY 2023, total tenant sales and shopper traffic increased 41.5% and 45.8% YoY respectively, mainly due to the low base effect from 2022 as well as recovery in trade sectors such as F&B, Leisure & Entertainment and Jewellery, which continued to exceed both FY 2022 and pre-COVID levels. On a per sq m basis, total tenants sales increased 36.7% YoY in FY 2023, also boosted by our AEI efforts. As we progress into 2024, we remain committed to staying at the forefront of emerging retail trends by enhancing the offerings within CLCT's malls and optimising occupancy through strategically curated trade concepts, tailored to meet the evolving needs of our consumers. 2022 2023 2022 2023 4,956.7 81.7 7,013.1 119.2 PORTFOLIO TENANTS SALES (RMB MILLION) SHOPPER TRAFFIC (MILLION) 60 CAPITALAND CHINA TRUST
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