Maintains Operational Balance with Stout-three hundred and sixty five days Income Surpassing RMB2 Billion in 2024

HONG KONG, Mar 17, 2025 – (ACN Newswire) – Yuexiu Exact Estate Funding Trust (“Yuexiu REIT”, on the side of Yuexiu REIT Asset Management Restricted, collectively is known as the “REIT”; stock code: 405) announced its annual outcomes for the three hundred and sixty five days ended 31 December 2024.

2024 Annual Outcomes Highlights:
– Total operation turned into unswerving, with total earnings of RMB2,032 million (2023: RMB2,087 million).
– Ranking property earnings stood at RMB1,445 million (2023: RMB1,475 million).
– As at 31 December 2024, the total occupancy payment of the properties turned into 84.5%, which is successfully primarily based on the previous three hundred and sixty five days.
– The Supervisor has in part waived the manager’s bills to mitigate the affect of the industrial downturn on the REIT’s performance
– The final distribution to the Unitholders for the length will be approximately RMB0.0254, an identical to HK$0.0275. Distribution per Unit for the three hundred and sixty five days will be approximately RMB0.0625, an identical to HK$0.0680. Distribution yield is 7.08% per Unit for the three hundred and sixty five days.
– To give a boost to the REIT’s monetary flexibility, the distribution ratio for the length from 1 July 2024 to 31 December 2024 has been adjusted to 90%, ensuing in an total fleshy-three hundred and sixty five days distribution ratio reaching approximately 96%.

Guangzhou Worldwide Finance Heart (GZIFC):
– Working earnings of the GZIFC advanced turned into RMB1,008 million, accounting for 49.6% of the REIT’s total earnings.
– The office building of GZIFC efficiently renewed leases with a preference of quality tenants, with a renewal payment of greater than 80% done for the three hundred and sixty five days.
– Newly launched brands to the GZIFC Purchasing Mall which recorded a three hundred and sixty five days-on-three hundred and sixty five days lengthen in gross sales of greater than 15% as when compared with the present brands, main to a 7.4% lengthen in annual buyer float as when compared with the same length final three hundred and sixty five days. GZIFC Purchasing Mall recorded a high occupancy payment of 98.3% as on the dwell of the three hundred and sixty five days, which aligns favourably with the previous three hundred and sixty five days.
– The in vogue occupancy payment of Four Seasons Hotel and Ascott Serviced Apartments recorded increases of 1.6 share aspects and 0.3 share level, respectively, with the annual earnings of the Apartments reaching a account high.

Yuexiu Financial Tower:
– Yuexiu Financial Tower recorded running earnings of roughly RMB362 million, with the occupancy payment at 83.7%.
– Efficiently renewed leases for greater than 26,000 sq.m. for the three hundred and sixty five days, achieving a renewal payment of greater than 60%, which contributed to the unswerving development in the tenant growth.

Proactive Management of Financing Probability and Efficient Stabilisation of Financing Designate
– Referring to the 5-three hundred and sixty five days bonds of HK$1.12 billion, the 3-three hundred and sixty five days syndicated loan of HK$4.8 billion, and the final a part of the 3-three hundred and sixty five days syndicated loan of HK$1.2 billion, all due in 2024, the Supervisor bought a short-time length loan of RMB530 million, a 3-three hundred and sixty five days loan of HK$1.12 billion, a 3-three hundred and sixty five days loan of RMB2.8 billion, and a 3-three hundred and sixty five days HK$1,805 million an identical HKD/RMB loan at some stage in the three hundred and sixty five days, to refinance the maturing loans so that you just may per chance well clarify effective monitoring of liquidity risk.
– Taking earnings of the attach of the RMB hobby payment market, the Supervisor persevered to analyze varied financing devices and actively adjusted the financing growth in remark to minimise the affect of the hobby payment market on the running outcomes of Yuexiu REIT. A total of over RMB4.5 billion in loans were bought in February and December 2024 to refinance offshore HKD floating payment loans, due to this truth, the total financing costs of Yuexiu REIT comprise been successfully diminished.
– Whereas inserting forward acceptable floating payment exposure, the Supervisor proactively adjusted the financing growth to minimise the affect of the hobby payment market. On the dwell of 2024, the total hobby payment of Yuexiu REIT’s financing turned into 4.16% each year, representing a decrease of 58 basis aspects from 4.74% originally of the three hundred and sixty five days; the everyday hobby payment payment for the three hundred and sixty five days turned into 4.53%, representing a three hundred and sixty five days-on-three hundred and sixty five days decrease of 7 basis aspects from 4.60% in 2023.
– The Supervisor adjusted the financing growth and timely mature international commerce hedging instruments at an cheap label to visual display unit international commerce exposure, with the proportion of RMB financing rising from 39% originally of 2024 to 60% on the dwell of the three hundred and sixty five days.

Mr. LIN Deliang, Chairman, Chief Executive Officer and Executive Director of Yuexiu REIT, acknowledged, “China faced a sequence of macroeconomic challenges in 2024, including insufficient inquire, ancient consumption and an ongoing downturn in investments. In the face of running stress, the Supervisor has on the opposite hand remained firmly assured, strengthening risk administration, formulating asset administration suggestions primarily based on an intensive review of the particular issue, and making every effort to stabilize running fundamentals. Particularly, for office buildings, the Supervisor elevated the present of furnished items to meet market inquire, and efficiently launched a preference of quality tenants, thereby successfully shortening the industrial solicitation cycle. For retail browsing shops, the Supervisor launched emerging popular brands, while on the same time boosting buyer float and consumption by organising actions with diverse subject matters. For hotels, the Supervisor formulated versatile pricing suggestions to rob market fragment and give a boost to the reputation of their catering facilities. As for the specialised market, the Supervisor helped boost tenant gross sales by tapping multiple channels, which facilitated the regular restoration of both condominium ranges and occupancy charges. Thru such effective asset administration efforts, the Supervisor has taken fleshy earnings of favourable policies and market alternatives, and successfully secured the running earnings for Yuexiu REIT at some stage in the three hundred and sixty five days, even although high hobby charges weakened total distribution”

Guangzhou Worldwide Finance Heart (GZIFC)
GZIFC took a number one attach by the utilization of tenant loyalty and market competitiveness among mates with its correct tenant growth and supportive carrier plan. This three hundred and sixty five days, the office building element of GZIFC prioritised occupancy stability and efficiently renewed leases with a lot of quality tenants below the “one distinctive coverage for every key buyer” strategy, achieving a renewal payment of over 80% for the three hundred and sixty five days, thus successfully securing fine quality buyer sources. To compare the market inquire, GZIFC launched tiny- and medium-size furnished items with a total space of roughly 7,200 sq.m., of which greater than 80% were rented out for the length of the three hundred and sixty five days. For the length of the three hundred and sixty five days, GZIFC enabled two renowned law firms and an investment company to expand their present rent areas by greater than 3,800 sq.m. in aggregate, and launched quality new tenants to soak up greater than 5,000 sq.m.. The occupancy payment of the office building of GZIFC turned into 85.3% on the dwell of the length, which is successfully primarily based on the previous three hundred and sixty five days.

For the length of the three hundred and sixty five days, the retail browsing mall GZIFC Purchasing Mall actively rationalized its tag portfolio and optimized the tenant growth, introducing new retailers equivalent to bakeries, like a flash meals chains, high-dwell cafes and trendy snack shops to cope with the inquire for industrial and eating convenience. Newly launched brands recorded a three hundred and sixty five days-on-three hundred and sixty five days lengthen in gross sales of greater than 15% as when compared with the present brands, successfully boosting the gross sales of the browsing mall. GZIFC Purchasing Mall additionally organised a sequence of actions which comprise gained gargantuan recognition, including its eighth anniversary party tournament, the “Wandering Acquaintance Festival” summer programme, and the distinctive joint actions of The Phantom of the Opera – Guangzhou Location, staged on the Guangzhou Opera Home. By doing so, GZIFC Purchasing Mall has activated the scene ambiance and attracted buyer traffic, main to an 7.4% three hundred and sixty five days-on-three hundred and sixty five days lengthen in annual buyer float. GZIFC Purchasing Mall recorded a high occupancy payment of 98.3% on the dwell of the length, additionally successfully primarily based on the previous three hundred and sixty five days.

In 2024, the everyday occupancy payment of Four Seasons Hotel reached 81.5%, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 1.6 share aspects. The in vogue room payment turned into RMB2,136, representing a three hundred and sixty five days-on-three hundred and sixty five days decrease of 4.6%. By formulating versatile pricing suggestions and capitalising accessible on the market inquire from the international commerce festivals and vacation economic system, Four Seasons Hotel has seized a fragment of the high-dwell market. The earnings per accessible room (RevPAR) turned into RMB1,740, and the RevPAR aggressive index of the resort turned into 114.8, inserting forward a dominant attach among major resort opponents for the eleventh consecutive three hundred and sixty five days. Moreover, the Chinese language restaurants of Four Seasons Hotel comprise received multiple Michelin awards. Yu Yue Heen retained its title of “one Michelin big name” restaurant in Guangzhou, CATCH turned into awarded the 2024 “Michelin Data Selected Restaurant (Plate Award)” in Guangzhou, and the Chinese language Executive Chef received the 2024 “Michelin Data Young Chef Award” in Guangzhou.

In 2024, the everyday occupancy payment of Ascott Serviced Apartments reached 90.5%, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 0.3 share level. The in vogue room payment turned into RMB1,119, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 0.1%. The RevPAR turned into RMB1,013, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 0.5%, and the RevPAR aggressive index reached 140, inserting forward a high stage among competing apartments. By precisely decoding the changing trends of its customers, and particularly the prolonged-cease desires of its core buyer groups, the Apartments’ prolonged-time length condominium industrial has done a renewal payment of practically 50%. Meanwhile, as the upward thrust in inbound international tourists resulted in an lengthen in the preference of short-cease customers, annual earnings has hit a account high. Moreover, the Apartments comprise ranked first both in running earnings and corrupt running earnings (GOP) in Ascott China for 9 consecutive years since 2016.

Yuexiu Financial Tower
Yuexiu Financial Tower efficiently renewed leases for greater than 26,000 sq.m. for the three hundred and sixty five days, achieving a renewal payment of over 60%. To give a boost to the beauty of its products, Yuexiu Financial Tower proactively analysed the desires of possible customers and launched furnished items with a total space of roughly 14,000 sq.m. for the three hundred and sixty five days, of which greater than 90% were efficiently rented out for the length of the three hundred and sixty five days, successfully shortening the industrial solicitation cycle and supporting condominium ranges. The newly launched tenants incorporated a major domestic law agency and 4 premium monetary enterprises, which contributed to the ongoing development in tenant growth. For tenants who had critical reductions in condominium costs, Yuexiu Financial Tower efficiently retained six such tenants upon expiration of their leases by employing such suggestions as relocating to 1 other ground or reducing the leased space. This mirrored the industrial solicitation team’s potential to rob a pragmatic technique. Yuexiu Financial Tower recorded an occupancy payment of 83.7% on the dwell of the three hundred and sixty five days, representing a three hundred and sixty five days-on-three hundred and sixty five days decline of 4.8 share aspects.

White Horse Constructing
For the length of the three hundred and sixty five days, White Horse Constructing persevered to consolidate its attach as the “China Imprint Apparel Worldwide Trading Heart”, and efficiently renewed leases with present customers besides to launched a lot of quality tenants. The occupancy payment of White Horse Constructing climbed to 97.1% on the dwell of the three hundred and sixty five days, a new five-three hundred and sixty five days high, while earnings grew by 12.1% three hundred and sixty five days on three hundred and sixty five days. Along with its 11 normal premium apparel brands, White Horse Constructing participated in the 2024 China Worldwide Vogue Ideal. It held the 2024 Guangzhou Baima Garment Market Procurement Festival, and made its debut on the 2024 China (Guangzhou) Worldwide Vogue Substitute Convention, artfully incorporating factors of the 2025 Nationwide Video games and keen sports actions champions and elites to focus on over with the stores. It additionally took the initiative to explore new digital models and promote the growth of a dapper market. For the length of the three hundred and sixty five days, it officially launched the Baima Swish Preference platform, on which 276 brands comprise been launched thus a long way. On the same time, it utilised technologies equivalent to AI becoming, VR browsing and reside broadcasting to compose the 2d performance growth curve for online transactions.

Fortune Plaza and City Pattern Plaza
Fortune Plaza launched many quality tenants at some stage in the three hundred and sixty five days, including a number one everyday requirements company, thus additional optimising its tenant growth. The industrial solicitation team seamlessly launched a abilities company to soak up the total ground vacated by a tenant who did not renew its rent, and efficiently renewed leases with many quality tenants, including a worldwide investment company with a petrochemical industry background. Fortune Plaza recorded an occupancy payment of 92.4% on the dwell of the three hundred and sixty five days, successfully primarily based on the previous three hundred and sixty five days. For the length of the three hundred and sixty five days, City Pattern Plaza efficiently launched a authorities-owned sports actions companies and products agency, which not simplest improved the occupancy payment, but additionally expanded its reputation in the industry. For the length of the three hundred and sixty five days, City Pattern Plaza renewed leases with three quality tenants for a total of roughly 2,300 sq.m., and the occupancy payment climbed to 92.7%, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 4 share aspects.

Victory Plaza
Victory Plaza actively stabilized the gross sales of its anchor tenant “Uniqlo” Victory Plaza Shop, with the preference of customers visiting the shop growing by 4% three hundred and sixty five days-on-three hundred and sixty five days, and its annual gross sales ranked first in China all over all over again. The mall’s buyer float for the three hundred and sixty five days elevated by 5% three hundred and sixty five days on three hundred and sixty five days as events with diverse subject matters were organized collectively with IKEA, Sleep Hub, E book Heart, Data Events, etc. It additionally launched two branded pretty medication firms to additional enrich the consumption scenarios. Victory Plaza recorded a newly diminished in size space of greater than 1,300 sq.m. and renewed leasing space exceeded 1,200 sq.m. for the three hundred and sixty five days, with an occupancy payment of 96.6%, representing a three hundred and sixty five days-on-three hundred and sixty five days lengthen of 3.1 share aspects.

Shanghai Yue Xiu Tower
Shanghai Yue Xiu Tower launched furnished products to meet tenants’ need for easy occupancy, and recorded a newly diminished in size space of greater than 9,900 sq.m. for the three hundred and sixty five days, the largest since 2020. In remark to increase the chance resilience of its tenant growth, Shanghai Yue Xiu Tower actively launched distinct quality tenants from the industrial companies and products and recordsdata abilities sectors at some stage in the three hundred and sixty five days, including a renowned new vitality automobile joint project and a renowned joint project that affords digital abilities companies and products. Owing to the rent renewal plans formulated prematurely, that are primarily based on the thought of “one distinctive coverage for every key buyer”, Shanghai Yue Xiu Tower done a renewal payment of over 70%, and the occupancy payment turned into 89.5% on the dwell of the three hundred and sixty five days, corresponding successfully with the previous three hundred and sixty five days.

Wuhan Properties
Wuhan Yuexiu Fortune Centre persevered to promote the renovation and adjustment of vacant items and equipped more tiny- and medium-size products, which drove the newly diminished in size space to over 27,000 sq.m. for the three hundred and sixty five days, and a preference of quality tenants were launched as successfully. More than 19,000 sq.m. of leasing space were renewed with distinct outstanding enterprises at some stage in the three hundred and sixty five days, including a high 500 liquor enterprise in China, a high 500 dairy company in China, and the Hubei branch of a worldwide main elevator company, main to a renewal payment of greater than 60%.

Starry Victoria Purchasing Centre persevered to optimise somewhat just a few industrial codecs for its portfolios. By tapping deeply into emerging brands which can per chance be popular among buyers, it enriched the vary of young of us-linked facilities and activated the total retail ambiance. The browsing mall recorded a 21% three hundred and sixty five days-on-three hundred and sixty five days lengthen in buyer float and an 8% three hundred and sixty five days-on-three hundred and sixty five days gross sales lengthen for the three hundred and sixty five days. The industrial solicitation team efficiently retained five retailers with gargantuan leasing areas, and engaged new tenants prematurely to seamlessly soak up expiring areas. The newly diminished in size space exceeded 6,600 sq.m., and the occupancy payment turned into 90% on the dwell of the three hundred and sixty five days, which aligns favourably with the previous three hundred and sixty five days.

Hangzhou Victory
Hangzhou Victory efficiently renewed leases for greater than 10,000 sq.m., including with an area web abilities company from Zhejiang, and the Zhejiang branch of a provincial impart-owned enterprise from Shanxi Province. Hangzhou Victory launched a preference of quality tenants at some stage in the three hundred and sixty five days, including a biotech company, an asset administration company, and a Fortune 500 growth company. Hangzhou Victory maintained a high occupancy payment of 97.7% on the dwell of the three hundred and sixty five days.

Possibilities
The global environment stays advanced and not easy, with growing geopolitical uncertainties and growing commerce issues. Whereas economic growth and inflation comprise slowed in the United States, a wait-and-glimpse sentiment has prevailed in direction of the dawdle of hobby payment cuts by the US Federal Reserve. Moreover, the charges on the US greenback and Hong Kong greenback are anticipated to dwell at high ranges for a distinct time-frame. Referring to China, it regards economic stability as its high precedence, due to this truth has adopted a somewhat loose monetary coverage to take the economic system, and vigorously stimulated investment and consumption to expand domestic inquire. The RMB hobby charges remain at a slightly low stage. Original quality productive forces are growing at an accelerated dawdle and are anticipated to compose new industrial momentum.

The Supervisor will abet a prudent and optimistic stance, and implement clear and pragmatic running suggestions to administer dangers proactively, so that you just may per chance well generate unswerving returns for the Unitholders. In phrases of asset administration, the Supervisor will retain abreast of business developments and trends and implement proactive, affordable and versatile leasing suggestions, while on the same time integrating the ideas of low-carbon, inexperienced, brilliant, and healthy practices into all facets of business operations. By consistently reviewing the growth possible of the asset portfolio, the Supervisor will be in a attach to keenly rob possible investment alternatives that emerge, additional give a boost to the competitiveness of the portfolio, and promote sustainable pattern.

In phrases of financing administration, in mild of rising international hobby charges and the slightly low payment of the RMB, the Supervisor will continue to glimpse and fabricate affordable adjustments to its financing growth primarily based on expectations about market developments. This may per chance well additionally introduce low-label RMB financing thru varied RMB financing channels to gaze more favourable financing costs to offset hobby payment risk.

With appreciate to renovation initiatives, the Supervisor is planning to invest primarily in asset appreciation initiatives for GZIFC, Yuexiu Financial Tower, White Horse Constructing, Fortune Plaza, City Pattern Plaza, Shanghai Yue Xiu Tower, Wuhan Yuexiu Fortune Centre, and Hangzhou Victory, to retain the payment and promote the appreciation of these properties, besides to be clear their sound operation.

About Yuexiu Exact Estate Funding Trust
Yuexiu Exact Estate Funding Trust (“Yuexiu REIT”) turned into listed on the Hong Kong Stock Substitute of Hong Kong Restricted on 21 December 2005 and is the first listed staunch estate investment belief simplest investing in properties in the Folks’s Republic of China (the “PRC”) in the enviornment. The most fresh property portfolio contains ten high of the vary properties, particularly Guangzhou Worldwide Finance Heart, White Horse Constructing, Fortune Plaza, City Pattern Plaza, Victory Plaza, Yuexiu Financial Tower in Guangzhou, Yuexiu Tower in Shanghai, Wuhan Properties in Wuhan (including Wuhan Yuexiu Fortune Centre and Starry Victoria Purchasing Centre), Victory Enterprise Centre in Hangzhou and Yuexiu Constructing in Hong Kong, with a total space of ownership of roughly 1.184 million sq.m. All properties may per chance be found in the central industrial district of Guangzhou, Shanghai, Wuhan, Hangzhou and Hong Kong respectively. The categories of the properties consist of Grade-A offices, industrial complexes, retail industrial, resort, serviced apartments and knowledgeable clothing market etc.

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Offer: Yuexiu Exact Estate Funding Trust

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