23782637396364 *****2024320 4282879 01112868 6086http://www.hanglung.comHLProperties@hanglung.com * 1217%617%4922%186 202352%21%2.8% 2023202420%13% 202462024 2024202315%20%30%2024520235300%2023400% 4% 35%65%100%35%100%60%40%70% The Aperture22835% 20231 3 2% 2024 LVMHChangemakersChangemakersChangemakers141678,000 15 – – – 2024730 202463061.1417%12.2820237%48.8610%34.30 22%17.350.38 6.7420231.6910.61202323.940.2320230.53 2024122023182024816 20248262024925 20246307%48.863%6%8% 202320243%13% 8%11%hello 1 –630 3%8%6%10%3%4%3% • 2024202313%4%202461%15% 20244%5% 8%23%4Spring Wonderland 20244%14%97% 14%20%2024682% 2023 8%2%493% 1%6%552098% 20232%15%4The Lounge52024683% 3%2%92% 1%2024202592% 15%9%1494%45 • 18%4%5.56 88%7% 2023690%5% 89%2% 87% 2%68%20233500500 • 20243%9% 2024 8%15.4811%12.1779% • 7%9.4097% 3%hello 10%96% 4%98%95% • 8%5.0789% 14%83% 2%96% • 17%202391% 2024The Aperture11412.2820231,100 20246303.85TheAperture12 20246301,930.071,307.65622.422024630 6.3420232.51 3.5120232.161% 2.8320233,500202312311% 6.7420231.69 244.3078.25150 2543312023202442024 57310520231220252025 202619020252023MIPIM AsiaAwards 3,0002026 The Aperture2024 3720212202282024 202481932202463060% • • 532.2920231231507.0435% 202463041%202463056%2023123150% (i) • 466.5620231231453.5232.9%2023123131.9%37.5%2023123135.7% • 3.0202312313.01265% 2024630142.5520231231157.1740202312314021.07164.5220231231175.84 • 20244.3%20233.9%21%10.63 4.55 20243.020234.2 • 202463071%202312310.7%6.82202333.94 • 2024630 • 2024630 202441202525% 202312ChangemakersChangemakers 16Changemakers1478,000 20246 2024 20245 2024hello 20246302023 62.5% 2024630 24103738 C1 2024630C1 C3 C32024630 XV3522024630XV 1.28,579,5002.3,008,256,189522,423,080537,443500,0003.2012418201220224272022 2024630XV 2024630 20122022 2022427202220222012 20241120122022282,875,550 2024630202220246302022282,875,550 20122022200,893,20049,544,0004.3%1.1%2022282,875,5506.0% 20122022121% 202463020246300.02 2024630 2024630 2024630 1. 2.3.2024426 13 336XV2024630 1.Merssion LimitedCole Enterprises Holdings (PTC) Limited537,443 Merssion Limited38.37%2,979,923,0893,008,256,189 2. 2,979,923,089 4.20246304,712,497,588 2024630336 13.51B(1) 202313.51B(1) 2024426 2024426 2024229 202471 2024424 20244242024331M Plus Museum Limited 2024630 20246304,0599363,12320246309.28 406220246303434 2410 202463034 108 2024730 1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.4041424345464648505051515253545455555659606262 2024630 2024630 2024630 2024630 2024630 1. (HKICPA)(HKAS)34 HKAS 34 HKICPA24103738 HKICPA(HKFRSs) 2023 1. 2023 20231231622436 66236320231231 406240724073 2. (a) 2024630 2. 2. 3. 4. 5. 6. 16.5%202316.5%25%202325%5%20235% 7. (a) 202317.082024130 8. (a) (b) 9. (a) 202463019.15202315.69 (b) 2024630 10. (b) (c)2.74202312312.76 11. (a) (b)6.01202312316.0166.67%33.33% 12. 2024614202413020232.138.012 13. 201241820122022427202220122022201220122012 13. 2024630 (a)2012 2024630 20246309,900,50020238,047,600202321,910,000 13. 2024630 20246303,284,00020232023 14. 15. HKFRS 13 – – – (a) (i) 15. (a) (i) (ii) 2024630 (b) 202312312024630 16. 17. 2024730 202411202463020247302024815430202481620248162024925 20246304,712,497,588 001010101.HK101 HK41043M104/HLPPY 20246306.662024630313.9 183171712-17162862 85552865 0990 ir@hanglung.com