Ascendas Innovation Towers Xi’an Ascendas Innovation Towers is a business park that features two 23-storey office towers, Block A and Block B. Block A is a 3-storey office building with 1 basement level while Block B is a 23-storey twin tower building with a 6-storey podium area and 2 basement levels. It is positioned as a landmark asset, providing quality focal point for the development of Xi’an’s new economy, including High-Tech, innovation, software and R&D sectors. Notable tenants include Ping An Insurance Company, Rockwell, ISOFTSTONE and Transcosmos. Ascendas Innovation Towers attained its green certification in 2023. Lease Profile Expiry (%) 38.5 2025 2026 2027 2028 2029 Beyond 2029 38.1 35.736.0 23.923.5 0.6 0.6 1.3 1.8 0.0 0.0 % of GRI % of Committed NLA Trade Sector (% of GRI) Information and 31.1 Communications Technology Electronics 16.3 Financial Services 14.8 Professional 11.7 Services Others 11.2 Engineering 10.1 E-Commerce 4.8 69.3 Gross Revenue (RMB million) 46.0 Net Property Income (RMB million) 879.0 Property Valuation (RMB million) Property Informationi GFA (sq m) 118,495 NLA (sq m) 95,546 No. of Leases 90 Land Use Right Expiry 19 February 2064 Purchase Price RMB759.0 million Acquisition Dateii 10 February 2021 Committed Occupancy Rateiii 71.8% i All information is presented based on 100% ownership. ii Refers to the completion of the acquisition of the special purpose vehicles which own the properties. iii Based on all committed leases as of 31 December 2024. 49 Annual Report 2024
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