Lai Sun Group Presentation 20210326V2

2021 Interim Results Presentation and Corporate Update

March 2021

1. Group Overview 2. Property Operations Update 3. 2021 Interim Results Highlights

Appendices I. Summary of Properties in HK & London II. Summary of Properties in the PRC III. Hotel and Restaurants Operations IV. Media and Entertainment Operations V. Summary of Financials

The Group was founded by Mr. Lim Por-Yen, the late Hong Kong industrialist who migrated from Guangdong in 1930’s and started Diversified into Hong Kong business as a garment manufacturer after the war in 1945 property development through Lai Sun Development Company Limited since the 1980’s Expanded into PRC property development, hotel, media and entertainment businesses since the 1980’s

Owns a portfolio of quality commercial, retail and residential Actively involved in hospitality, developments in Hong media and entertainment Kong, London and the businesses Mainland China

Dr. Lam Kin Ngok, Peter

. Standing Committee Member of the 13th CPPCC National Committee . Doctorate of the Academy honoris causa awarded by The HK Academy for Performing Arts . Chairman of Hong Kong Chamber of Films Limited . Chairman of Hong Kong Trade Development Council . Honorary Chairman of Motion Picture Industry Association Limited . Extensive experience in property development & investment, hospitality and media & entertainment businesses

Group Market Capitalisation#: The Lam Family HK$11.4 billion 45.04%* (42.37%**)

Lai Sun Garment (International) Limited (“LSG”) Market Capitalisation# HK$2.4 bln Investment Holding HK Stock Code: 191 Total Assets ## : HK$83.8 bln

56.21%* (48.04%**) Lai Sun Development Company Limited (“LSD”) # HK$3.9 bln Property Development & investment in HK & Overseas Market Capitalisation Hotel Management & Hospitality ## HK Stock Code: 488 Total Assets : HK$80.4 bln

75.00* (38.38%**) 54.56%

eSun Holdings Limited (“eSun”) Market Capitalisation#: HK$0.9 bln Lai Fung Holdings Limited (“LFH”) Market Capitalisation# HK$3.0 bln Media & Entertainment and Cinema Property Development & investment in the PRC Total Assets ## : HK$3.9 bln Operations in HK and the PRC HK Stock Code: 1125 Total Assets ## : HK$35.1 bln HK Stock Code: 571

69.69%* (51.09%**)

Total Assets ## : Market Capitalisation#: HK$1.8 bln Media Asia Group Holdings Limited Media and Entertainment ## Total Assets : HK$1.0 bln HK Stock Code: 8075

*Shareholding as at 31 January 2021 includes interests held by certain directors at LSD and eSun levels. LSG’s corporate interest in LSD is 56.13% and LSD’s corporate interest in eSun is 74.62% **Shareholding as at 31 Jul 2012 includes interests held by certain directors at LSD and eSun levels # As at 31 January 2021 ## As at 31 January 2021

L AI S UN G ROUP 麗新集團 Lai Sun Group © All rights reserved Strategy Update Consolidation continued with greater business coherence . Further accretion of interest within 2% “creeper Strengthen  Group consolidated provision” balance sheet  Deferred tax written back in FY2012 . Addition of new rental properties in the pipeline to strengthen NAV further

 Closed a number of fund raising/refinancing transactions Raise financing . Continue to optimise funding structure  Raised a total of HK$15.4bn up to Jul 2014

 LFH – conditional waiver approved; could JV with other Lai Sun group companies  Successful tender/auction . HK – actively participating in a number of tender processes - HK: Alto Residences, Hong Kong Ocean Park Marriott Hotel, 93 Pau Chung Street, Monti, Novi, Tai Kei Leng project in Yuen Long, Hang On street project in Kwun Tong . London – planning consent being granted by the City Build pipeline and Wong Chuk Hang Station Package Five residential project of London’s Planning and Transportation Committee - London: 107 Leadenhall, 100 Leadenhall and 106 Leadenhall . PRC – continually reviewing opportunities in Shanghai, Guangzhou, Zhongshan and Hengqin - PRC: Hengqin Novotown Phase I (80/20 between LFH and LSD), Shanghai Wuli Bridge project and Hengqin Novotown Phase II (100% LFH)

 Growing rental income  Guangzhou Lai Fung Tower added to the rental portfolio in 2017 Rental-focused  Bought out minorities in SHHK Plaza, GZMF Plaza, Northgate Plaza and SHMF Plaza . Attributable rental GFA to be added in coming years company  Hong Kong Ocean Park Marriott Hotel grand opened on 19 Feb 2019 PRC : c.2.3 million sq.ft.  Hengqin Novotown Phase I opened by phases by end of 2019  Redevelopment of Northgate Plaza I, Northgate Plaza II and Hui Gong Building

Net Asset Value (in HK$’million)

LSD LSG 35,828 34,970 34,912 31,159 26,600 24,358 22,663 22,612 21,872 21,701 20,775 19,837 19,128 18,037 16,358 16,453 12,576 13,796 11,959* 11,035 9,027 6,739**

31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jan 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jan 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Financial consolidation Steady rental income completed Deferred tax on property revaluation gains written back for LSG and LSD for the year ended 31 Jul 2012 growth strengthened  Concentrate asset base NAV further  Stake accretion at steep discount to book value creating gains to Further accretion of interests at a discount may or may not occur and subject to the “creeper provision” strengthen balance sheet under the Takeovers Code where applicable further

*As reported. The restated amount reflecting the adoption of certain accounting policies in 2012 was HK$13,464 million ** As reported. The restated amount reflecting the adoption of certain accounting policies in 2012 was HK$7,590 million

Cumulative Fund Raising (in HK$’million) Oversubscription 2,200 3,000 6,550 9,280 11,400 13,649 13,729 13,939 14,568 15,377 (times) 809 LSG – CNY guaranteed notes**** 4.8

# # 1,940 1,940 LSD loan for TKO site 2.0 Total funds raised amounted 2,120 2,120 2,120 eSun – CNY guaranteed notes**** 1.7 Closed 809 809 to over HK$15.4 billion* 210 210 LSG – rights issue 80 210 across the Group 80 80 80 MAGHL – share placement 2,120 2,249 2,249 2,249 2,249 2,249 LFH – CNY senior notes** 3.6

3,550 3,550 3,550 3,550 3,550 3,550 3,550 Announced LFH – syndicated loan 1.5

3,550 Announced 2,730 2,730 2,730 2,730 2,730 2,730 2,730 LSD – US$ guaranteed notes*** 10.0

2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 LSD – syndicated loan 2.8 2,200 LSG – club loan 800 800 800 800 800 800 800 800 800

Oct 2012 Nov 2012 Dec 2012 Jan 2013 Mar 2013 Apr2013 Jan 2014 Feb 2014 Jun 2014 July 2014

* Excluding proceeds of HK$5,809.1 million from over-subscription of rights issues, which was refunded to subscribers in Feb 2014 # Due to a smaller potion of land cost being refinanced ** CNY1,800 million (HK$2,249m equivalent) *** US$350 million (HK$2,730m equivalent) **** CNY650 million (HK$809m equivalent)

LFH – syndicated loan (refinancing) Cumulative fund raising in the past three years (in HK$’million) 25,420 3,972

LSG – club loan (refinancing) 23,222 2,180 2,180 LFH – project loan for Guangzhou Haizhu Plaza Total funds raised amounted to over 19,622 LSD – project loan for Cheung Sha Wan Plaza (refinancing) * 3,600 3,600 3,600 HK$29.4 billion across the Group 18,615 LSD – project loan for Hang On Street project 18,175 1,007 1,007 1,007 1,007 – project loan Tai Kei Leng project 16,608 440 440 440 440 440 LFH – bridging loan for HQ Novotown Phase I 1,567 1,567 1,567 1,567 1,567 1,567 LFH – project loan for ZS Palm Spring – project loan for HQ Novotown Phase II LSD 4,360 4,360 4,360 4,360 4,360 4,360 4,360 12,248 – GBP77.6 mil for 100, 106 & 107 Leadenhall St.(refinancing) – HK$3.6 bln loan for HK Ocean Park Marriott Hotel (refinancing) 10,928 LFH – project loan for SH Northgate Plaza redevelopment 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320

8,248 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 2,680 LFH – project loan for HQ Novotown Phase I (refinancing) 7,782 LSD – project loan for Monti (Sai Wan Ho project) 466 466 466 466 466 466 466 466 466 466 5,052 LFH – US$350 million guaranteed notes 4,152 2,730 2,730 2,730 2,730 2,730 2,730 2,730 2,730 2,730 2,730 2,730 3,932 LSD – project loan for CCB Tower (refinancing) 900 900 900 900 900 900 900 900 900 900 900 900 LFH – project loan for Shanghai Wuli Bridge project 220 220 220 220 220 220 220 220 220 220 220 220 220 812 812 812 812 812 812 812 812 812 812 812 812 812 812 LFH – project loans for Lionsgate Entertainment World® and National Geographic Ultimate Explorer 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 LSD – US$400 mil guaranteed notes

Oct 2017 Nov 2017 Dec 2017 Jan 2018 Jun 2018 Oct 2018 Jan 2019 Sep 2019 Dec 2019 Jan 2020 Jul 2020 Oct 2020 Dec 2020 Mar 2021 * The exchange rates of GBP to HKD, USD to HKD and RMB to HKD adopted for the purposes of this chart are 9.8, 7.8 and 1.1 respectively.

 Site area: 229,300 sq.ft.  Development GFA: 573,300 sq.ft. - 458,900 sq.ft. for residential use - 114,400 sq.ft. for commercial use  Usage : residential and commercial  605 residential units  Occupation Permit issued in May 2018  Certificate of Compliance issued in Sep 2018  Up to 14 March 2021, 603 units have been sold, achieving an average selling price of approx. HK$18,000 per sq.ft.  Since Mar 2019, the Group has released 86 car-parking spaces for sale, 73 of which have been sold up to 14 March 2021 with total sales proceeds of approx. HK$190.1 million

 LSD being awarded by Hong Kong Ocean Park for the Ocean Hotel project in May 2014  6 storeys, 471 guest rooms  Total GFA: 365,974 sq.ft.  Marriott as hotel operator and manager  Hotel license issued in Oct 2018  Grand opening on 19 Feb 2019  LSD signed, on 16 Sep 2019, a HK$3,600 million 4-year secured term loan facility with 18 leading banks, which was the first green loan solely used to finance a hotel property in Hong Kong, and was 339% oversubscribed, having received a total commitment of HK$12,200 million.  Achieved “Gold” rating in BEAM Plus Final Assessment

 On 29 Apr 2014, LSD won the contract for Urban Renewal Authority’s residential-cum-commercial development of San Shan Road/Pau Chung Street project in Ma Tau Kok by tender  Site area: approx. 12,600 sq.ft.  Gross floor area: approx. 111,400 sq.ft. - 94,500 sq.ft. for residential use - 16,900 sq.ft. for commercial use  209 residential units and 7 commercial units  Occupation Permit issued in Jul 2018  Certificate of Compliance issued in Nov 2018  Sale and handover of all 209 residential units and 7 commercial units completed  Car-parking spaces were launched for sale in July 2019. Up to 14 March 2021, 7 out of 20 car- parking spaces and 4 out of 5 motor-parking spaces have been sold and the total sales proceeds amounted to approx. HK$10.2 million

 On 22 Sep 2015, LSD won the contract for Urban Renewal Authority’s residential-cum- commercial development of Sai Wan Ho Street project in Shau Kei Wan by tender  Site area: approx. 7,600 sq.ft.  Total saleable area: approx. 45,800 sq.ft.  Expected total development cost: HK$0.9 billion  144 residential units  Occupation Permit issued in Oct 2019  Certificate of Compliance issued in March 2020  Up to 14 March 2021, LSD has pre-sold 121 units with saleable area of approx. 37,984 sq.ft. at an average selling price of approx. HK$21,100 per square foot. Handover of the pre-sold residential units has been substantially completed.

 LSD completed the purchase of the remaining unit for the proposed development in Ki Lung Street in Sham Shui Po, Kowloon in May 2016  The site comprises numbers 48-56 on Ki Lung Street  Combined site area: approx. 5,100 sq.ft.  Total saleable area: approx. 28,800 sq.ft.  138 residential units  Occupation Permit issued in Jul 2019  Sales and handover of all 138 units have been completed, achieving an average selling price of approx. HK$18,900 per sq.ft.  4 commercial units remain unsold

 LSD successfully tendered for and secured a site located at Lot No. 5382 in Demarcation District No.116, Tai Kei Leng, Yuen Long, New Territories  Land premium: approx. HK$209.8 million.  Site area: approx. 12,000 sq.ft.  Total gross floor area: approx. 42,200 sq.ft.  The site is designated for private residential purposes  Construction work is in progress  Expected completion in H2 2024

 LSD won the contract for Urban Renewal Authority’s residential-cum-commercial development of Hang On Street project in Kwun Tong by tender  Land premium: approx. HK$883 million.  Site area: approx. 8,500 sq.ft.  Total gross floor area: approx. 71,700 sq.ft. - 63,600 sq.ft. for residential use - 8,100 sq.ft. for commercial use  Construction work in progress  Expected completion in H2 2023

 In January 2021, the consortium formed by LSD together with New World Development Company Limited, Empire Development Hong Kong (BVI) Limited and CSI Properties Limited successfully won the tender for the Wong Chuk Hang Station Package Five residential development project.  Site area: approx. 95,600 sq.ft.  Total gross floor area: approx. 636,200 sq.ft.  Around 1,050 residential units  Project design in progress

 On 25 Apr 2014, LSD succeeded in bidding for 107 Leadenhall in a private auction and the transaction was completed in May 2014  Located at the core of the insurance district in central London  Gross internal area: approx. 146,600 sq.ft. of commercial/office accommodation

 LSD acquired 100 Leadenhall in Nov 2014 and the transaction was completed in Jan 2015  Office and ancillary accommodation of approx. 177,700 sq.ft. gross internal area  Currently let to Chubb Market Company Limited (formerly known as ACE Global Markets Limited)

 On 18 Dec 2015, LSD acquired 106 Leadenhall  Located adjacent to our other two wholly-owned properties, namely 100 and 107 Leadenhall Street  Multi-tenanted asset with approx. 19,924 sq.ft. gross internal area of commercial and office area including ancillary space

 Combined gross internal area: approx. 344,224 sq.ft.  Total acquisition cost: approx. GBP189.1 million  All leases being aligned to expire in 2023  The City of London’s Planning and Transportation Committee has given a resolution to grant planning consent for the redevelopment of the Leadenhall properties.  The total gross internal area of the proposed tower is expected to be approx. approx. 1,275,642 sq.ft. including ancillary facilities upon completion.

107 Leadenhall 100 Leadenhall

106 Leadenhall “The Cheesegrater” was sold for a record price of £1.15 billion in Mar 2017, representing a net yield of around 3.5% and an average price of approx. £1,885 per square foot.

 The Planning Consent would allow LSD to redevelop the Leadenhall properties into a 56 storey tower with:  approx. 1,068,510 sq.ft. gross internal area of office space  new retail space of approx. 8,730 sq.ft.;  a free, public viewing gallery of approx. 19,967 sq.ft. at levels 55 and 56, offering 360 degree views across London; and  new pedestrian routes between Leadenhall Street, Bury Street and St Mary Axe, and new public spaces around the base of the building and other ancillary facilities of approx. 178,435 sq.ft.

Proposed view of the Eastern Cluster (from Tower of London) Leadenhall Street elevation

 15 mins’ drive from Macau  90 mins’ drive from Hong Kong

Hong Kong 58.5 million visitors in 2017

Macau 32.6 million visitors in 2017

 Guangdong free-trade zone status has been formally announced on Zhuhai New Central Macau 21 Apr 2015 Business District  Augmenting the growth of Macau through Guangdong-Macau Traditional Chinese tourism and Medicine Industrial Park entertainment  Creating the “Las Our Site – Novotown Macau Vegas”/”Orlando University Florida” of Asia together with Macau Light rail station to be located adjacent to our site Chimelong International Ocean Resort

Proposed spa resort area Railway Station Guangzhou-Zhuhai Intercity Railway Extension Hengqin's Light Railway connecting to Macau's Light Railway Light Railway with station for Novotown

- Hengqin Novotown Hengqin Novotown  MOU entered into in Sep 2011  Site area : One square kilometre

Phase I (80%-LFH, 20%-LSD) - succeeded in auction in Sep 2013  Site area: 1.4 million sq.ft.  Development GFA: 4.0 million sq.ft. (including car-parking spaces and ancillary facilities)  Average land cost: approx. RMB187 per sq.ft. (RMB2,010 per sq.m.)  Usage: cultural, creative industrial and commercial related  Construction work completed  Lionsgate Entertainment World® and National Geographic Ultimate Explorer commenced operation on 31 Jul 2019 and 9 Sep 2019, respectively; Hyatt Regency Hengqin soft opened on 31 December 2019; Leasing of the commercial area is underway with approx. 66% of the leasable area having been leased.  Cultural studios and cultural workshop units released for sale. During the period under review, sales of 13,990 sq.ft. of cultural studios and 655 sq.ft. of cultural workshop units were recognised at an average selling price of HK$5,026 Site under 2011 Sep MOU and HK$3,435 per sq.ft., respectively, contributing a total of HK$69.1 million to the LFH’s turnover. Phase II (100%-LFH) – succeeded in bidding for the land in Dec 2018  Site area: approx. 1.5 million sq.ft.  Development GFA: 3.1 million sq.ft. (including car-parking spaces and ancillary facilities) Phase I  Average land cost: approx. RMB246 per sq.ft. (RMB2,650 per sq.m.)  Properties to be occupied by Innovation Leadership Academy Hengqin was sold during the period under review Phase II  LFH is in the process of finalising the development plan for Ducati Experience Centre and other facilities  Construction in progress and completion is expected to be in phases by 2024

Cultural workshop Office (for sale) Cultural (for sale) themed hotel

Cultural studios Cultural commercial (for sale) area (podium)

Performance halls & cultural attractions

Lionsgate Entertainment World® officially opened on 31 Jul 2019

 Lionsgate’s first movie-themed multi-sensory interactive center in the world featuring six Hollywood blockbuster franchises like The Hunger Games, The Twilight Saga, The Divergent Series, Now you See Me, Gods of Egypt and Escape Plan as the story backgrounds of the attractions, delivering an innovative, immersive and diversified entertainment experience truly unique in the Greater Bay Area.

 Licensing agreement being entered into in Nov 2015 with Lionsgate LBE, Inc. for the development and operation of this immersive experience center.

 Village Roadshow Theme Parks was appointed in Jul 2016 to be the consultant and operator for a minimum of ten years.

National Geographic Ultimate Explorer officially opened on 9 Sep 2019

 Licensing agreements being entered into in Nov 2015 with a master license holder of National Geographic Society to develop a family edutainment center in Phase I of the Novotown

 Covering an area of approx. 50,200 sq.ft., National Geographic Ultimate Explorer contains 18 individual attractions including rides, F&B facilities, retail premises, virtual reality and/or 4-D interactive experiences, and other types of entertainment & educational attractions

 Hyatt being engaged as the manager for the cultural themed hotel in Mar 2015 .

 The 490-room Hyatt Regency Hotel is set to turn Novotown into a staycation spot for families

 Soft opened in Dec 2019

 Entered into cooperation framework agreement in Apr 2016 with Trans-Island Limousine Service Limited (“TIL”, subsidiary of Kwoon Chung Bus Holdings Limited) to develop a cross-border bus service between HK and Hengqin

 The cross border bus service between Hong Kong and Hengqin Novotown has been launched in Jul 2019.

 The routes are supported by TIL’s professional teams. TIL will coordinate its marketing effort based on Novotown’s strategy in order to improve its international recognition and attract overseas visitors.

 In February 2021, a new interactive attraction - "Wonders of Kung Fu" - was launched in the outdoor garden space of Novotown Phase I. This attraction in the 5,000 square meters outdoor garden offers more than 10 interactive points, including light shows providing immersive experience and interactive games with Chinese Kungfu and cuisine being the key underlying theme.  The Hall of Inspiration is a multi-purpose venue for

 The Hall of Celebration alongside the uniquely a wide spectrum of events, including fashion shows, designed garden is a perfect venue to hold your gala dinners, TV broadcasts, reality shows, mini dream wedding ceremony, private events, concerts, corporate meetings and conferences etc. wedding banquet

 A licence agreement was entered into in Jun 2017 with Real Madrid Club de Fútbol in relation to the development and operation of a location based entertainment centre, namely Real Madrid World in Novotown

 The Real Madrid World is expected to contain over 20 attractions and will be made up of several signature experiences including the Flying Theatre and the Stuntpit, an array of interactive training games, a walkthrough of Real Madrid history, plus dining and retail outlets.

 A license agreement was entered into in Dec 2018 with Ducati Motor Holding S.p.A in relation to the development and operation of the Ducati Experience Centre in Novotown Phase II

 The Ducati Experience Centre expects to cover an area of no less than 4,500 sq.m. and will offer experiential attractions including immersive racing experiences, exclusive Ducati exhibits and retail concessions.

Real Madrid World

 In Jul 2014, LFH succeeded in the bid of the land use rights of the land located by the Huangpu river in Huangpu district, Shanghai, the PRC  Site area: approx. 74,100 sq.ft.  Attributable gross floor area: approx. 77,900 sq.ft.  Types of products: high end luxury residential units  Construction works completed in Aug 2019  Launched for sale in Sep 2020  Sales of 15 residential units and 15 car-parking spaces have been completed during the period under review, contributing a total turnover of approximately HK$529.5 million  As at 31 Jan 2021, the contracted sales for 8 residential units and 7 car- parking spaces amounted to approximately HK$300.9 million  Up to 28 Feb 2021, the remaining 5 residential units with 6 car-parking spaces have been sold subject to contract, contributing RMB162.0 million in total, which are expected to be turned into contracted property sales in coming months

L AI S UN G ROUP 麗新集團 37 Lai Sun Group © All rights reserved Build Pipeline - Northgate Plaza Redevelopment (100%-LFH, the PRC)  Shanghai Northgate Plaza I is located in the Jing'an District of Shanghai, near the Shanghai Railway Terminal  Shanghai Northgate Plaza II is a vacant site adjacent to Northgate Plaza I  Acquisition of the 6th to 11th floors of Hui Gong Building was completed in Sep 2016  The Group plans to redevelop Shanghai Northgate Plaza I, Northgate Plaza II and the Hui Gong Building together under a comprehensive redevelopment plan  The redeveloped project includes an office tower, a shopping arcade and underground car-parking spaces  Rental GFA to add: approx. 727,200 sq.ft.  Expected total development cost: RMB1.7 bln  Construction works in progress  Expected construction completion: H2 2022

 Located on Chang Di Main Road in Yuexiu District, Guangzhou along the Pearl River.  Total project GFA of approx. 580,800 sq.ft.  Intended to be developed for rental purposes  Expected total development cost: RMB1.4 bln  Construction commenced in H1 2019 and the completion is expected to be in H1 2023

 The overall development has a total planned GFA of approx. 6.075 million sq.ft., comprising of high-rise residential towers, townhouses, serviced apartments and commercial blocks.

 During the period under review, 102,910 square feet of high-rise residential units and 20,200 square feet of house units were recognised at average selling prices of HK$1,647 and HK$2,932 per square foot, respectively, which contributed a total of HK$214.4 million to the sales turnover.

 As at 31 Jan 2021, contracted but not yet recognised sales for high-rise residential units and house units amounted to HK$1,131.9 million and HK$107.1 million, at average selling prices of HK$1,713 and HK$3,200 per square foot, respectively.

 The STARR Resort Residence has been closed and the serviced apartment units were launched for sale in May 2019. During the period under review, 7 serviced apartment units have been sold for a total sales proceed of approximately HK$9.6 million. As at 31 January 2021, contracted but not yet recognised sales for serviced apartment units amounted to HK$3.1 million, at an average selling prices of HK$1,462 per square foot.

 The remaining GFA of Phase IV under development was approximately 1,576,100 square feet excluding car-parking spaces and ancillary facilities. Construction work is expected to be completed in the third quarter of 2021.

Project under development Usage Group interest Attributable GFA Total development cost (100%) Expected OP Date (sq.ft.) (HK$'million) LFH - Mainland China Zhongshan Palm Spring Residential 100% 1,576,100 1,200 Q3 2021 (remaining phases under development) Shanghai Northgate Plaza Redevelopment Commercial/Office 100% 727,200 1,970 H2 2022

Guangzhou Haizhu Plaza Commercial/Office 100% 580,800 1,630 H1 2023 Commercial/Office/ Hengqin Novotown Phase II 100% 2,873,200 6,370Note 1 2024 (by phases) Serviced apartment Subtotal: 5,757,300 11,170

LSD – Hong Kong

Hang On Street project Residential/commercial 100% 71,700 1,334 2023

Tai Kei Leng project Residential 100% 42,200 471 2024

Note 2 Wong Chuk Hang Station Package Five project Residential 15% 95,430 Note 2 Note 2

Phuket hotel project Hotel 37.5% Note 3 Note 3 Note 3

Subtotal: 209,330 1,805

Total: 5,966,630 12,975 Notes: 1. LFH is in the process of finalising the development plan for Ducati Experience Centre and other facilities in Novotown Phase II 2. Project design is in progress, LSD will provide updates on this project as and when available 3. The Phuket hotel project is still at the planning stage. LSD will provide material updates on this project as and when available

Ownership changes eSun commenced Continued accretion of Financial Lam Family increased LFH 2014 US$200m Acquisitions accreting stake in equity interests across bond consent solicitation stake in LSG Operations LFH the group completed Research coverage Financial LSD LSG LSD LFH LFH consolidation of HK$2.2bn HK$800m US$350m HK$3.55bn RMB1.8bn LSG/LSD and syndicated syndicated guaranteed syndicated eSun’s acquisition of bond eSun/LFH loan loan notes loans 85% interest in KIGHL

Jul 12 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 13

LSD’s successful LFH Conditional Lam Family LSD & LSG capital tender of the TKO Waiver approved increased stake in reductions site LSD awarded the Hong Kong Ocean Park LSG completed LFH’s SH HK LFH’s GZ MF Marriott Hotel project Plaza 5% Plaza 22.5% LFH’s NG Plaza Continued accretion LFH’s acquisition minority minority 2% minority of equity interests LSD acquired 107 of a piece of land buyout buyout buyout across the group Leadenhall in London in Shanghai

Aug 13 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 14

eSun LFH’s successful auction LSD appointed as LSG HK$215.8m LSD won URA’s San RMB650m secured for Hengqin Phase I the most preferred LSG rights issue Shan Road/Pau Chung guaranteed notes proponent for the RMB650m secured LFH invited eSun to co- Street project in Ma Tau LSD Hong Kong Ocean guaranteed notes invest in Hengqin Phase I Park Marriott Hotel MAGHL Kok by tender HK$1.94bn term loan HK$80m share for TKO site placement

LSD LSD LFH ‘s SHMFP 5% Rated research report Rated research minority buyout Ownership changes issued by BNP report issued by DBS Financial LFH ‘s property swap in Acquisitions AGM to approve relation to Eastern Place V Operations final dividend and Paramount Centre Research coverage

Aug 14 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 15

LSD LSD GBP85.6m project loan for 100 LSD change in LSD GBP48m project Leadenhall board lot size HK$924.3m loan for 107 Signed development agreement for rights issue Leadenhall LSD acquired 100 Hong Kong Ocean Park Marriott Hotel LSD LFH Leadenhall in HK$3.0bn LSD acquired 106 HK$3.69bn LSD London term loan Leadenhall in syndicated loans HK$720m project loan for URA’s San Shan London Road/Pau Chung Street project in Ma Tau Kok LFH, LSD & LSG LFH acquired 6 floors AGM to approve Level 1 ADR Programme of Hui Gong Building final dividend being effective

Aug 15 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 16

LSD won URA’s Sai LSD Completion of LSD’s LFH & LSG LSD completed site Wan Ho Street HK$3.6bn term HK$924.3m rights issue and change in board amalgamation for Ki project in Shau loan for Ocean LSG’s interest in LSD lot size Lung Street project Kei Wan by tender Hotel project increased to 61.93%

eSun LSD acquired 49.96% Placing of new LSD’s investment Ownership changes interest in Camper & shares under in Phuket hotel Financial Nicholsons International SA general mandate project Acquisitions Operations Research coverage Aug 16 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 17 Opening of eSun VGO LSD’s conditional LSD LSD acquired 2% LFH LSG’s disposal of voluntary general offer to LSD’s disposal LSD’s disposal of US$400m additional US$350m approx. 8.42% eSun and mandatory of 36 Queen’s 50% interest in 8 guaranteed interest in eSun guaranteed interest in LSD general offer to LFH Street Observatory Road notes notes

Aug 17 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 18

LSD won URA’s Hang On LFH, LSD & LSG Street project in Kwun LFH amendments to completion of share LFH’s acquisition of Tong by tender the existing non- consolidation and Opening of land for Novotown competition change in board lot size LFH MGO LSD won a site in Phase II Yuen Long by tender undertakings approved

Aug 18 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 19

Close of Close of LFH Restoration of Completion of disposal eSun sale of 20% interest eSun VGO MGO eSun’s public float of 50% interest in 8 in Hengqin Novotown Observatory Road Phase I to LSD

LSD won URA’s Hang On Ownership changes Financial LFH, LSD & LSG Street project in Kwun LFH amendments to completion of share Acquisitions LFH’s acquisition of Tong by tender the existing non- Operations consolidation and Opening of land for Novotown competition Research coverage change in board lot size LFH MGO LSD won a site in Phase II Yuen Long by tender undertakings approved

Aug 18 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 19

Close of Close of LFH Restoration of Completion of disposal eSun sale of 20% interest eSun VGO MGO eSun’s public float of 50% interest in 8 in Hengqin Novotown Observatory Road Phase I to LSD

LSD LSD’s acquisition of 50% HK$3,600m green loan interest in Fairmont St. LSD’s conditional for Hong Kong Ocean Andrews resort in voluntary general cash Park Marriott Hotel Scotland offer to LFH (“LFH VGO”)

Aug 19 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 20

LSD LFH Close of LFH VGO GBP77.58m project Zhuhai Da Hengqin Real loan for 100, 106 & Estate Co. Ltd.’s capital 107 Leadenhall injection into Hengqin Novotown Phase I

Ownership changes Financial Acquisitions Operations Research coverage LFH LSD LSG HK$3,280 million offshore secured HK$3,600m 5-year HK$1,000 million 5-year term/revolving loan facility and HK$692 secured term loan and secured term loan and million equivalent onshore secured revolving credit facility revolving credit facility term loan facility

Aug 20 Sep Oct Nov Dec Jan Feb Mar 21

Completion of the LSD won the tender for loan capitalisation the Wong Chuk Hang proposal entered Station Package Five into between eSun residential development and MAGHL project

25,000 85% 83% 86% 85% 84% 85% 89% 79% 78% 78% 80% 22,612 20,000 64% 21,872 21,701 CAGR: 13.1% 19,837 60%

15,000 16,453 18,037 40% 13,796 12,576 10,000 11,035 20% 9,027 6,570

5,000 6,739 4,429 3,675 3,172 0% 2,426 2,120 1,930 2,406 2,434 1,391 1,310 CAGR: 6.1% - -20% 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jan 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Net Asset Value (in HK$'million) Market Cap (in HK$'million) Discount to NAV

40,000 85% 86% 83% 81% 83% 81% 89% 76% 76% 74% 80% 35,000 35,828 67% 34,970 34,912 CAGR: 11.9% 30,000 60% 31,159 25,000 26,600 24,358 40% 20,000 22,663 20,775 19,128 15,000 16,358 20%

10,000 11,959 8,773 8,134 6,720 5,061 0% 4,554 3,932 4,222 3,911 5,000 2,903 2,809 3,396 CAGR: 3.2% - -20% 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jan 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Net Asset Value (in HK$'million) Market Cap (in HK$'million) Discount to NAV

18,000 83% 84% 84% 80% 79% 76% 77% 77% 77% 16,000 73% 73% 80% 15,503 15,834 15,522 14,000 14,584 14,309 60%CAGR: 5.8% 13,466 13,315 12,000 12,663 11,419 10,000 10,438 40% 8,000 9,073 20% 6,000 3,908 3,578 4,000 3,090 2,931 2,956 2,213 2,350 2,661 2,316 2,567 2,417 0% 2,000 CAGR: 0.9% - -20% 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jul 31 Jan 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Net Asset Value (in HK$'million) Market Cap (in HK$'million) Discount to NAV

The Lam Family Mr. Yu Cheuk Yi & Ms. Yu Siu Yuk 45.04%* Lai Sun Garment (International) Limited (“LSG”) 29.41%# Investment Holding HK Stock Code: 191

56.21%* Lai Sun Development Company Limited (“LSD”) 23.74%# Property Development & Investment in HK & Overseas Hotel Management & Hospitality HK Stock Code: 488 CapitaLand – 19.45%# Moerus Capital Management – 7.91%# 54.56%*

Lai Fung Holdings Limited (“LFH”) 9.99%# 75.00%* Property Development & Investment in the PRC HK Stock Code: 1125 eSun Holdings Limited (“eSun”) 9.99%# Media & Entertainment and Cinema Operations in HK and the PRC HK Stock Code: 571

69.69%* Media Asia Group Holdings Limited Media and Entertainment HK Stock Code: 8075

*Shareholding as at 31 January 2021 including interests held by certain directors at LSD and eSun levels. LSG’s corporate interest in LSD is 56.13% and LSD’s corporate interest in eSun is 74.62% # Shareholdings as at 30 September 2020

Major assets of LSD*: 1,881 Hong Kong:  Actively reviewing sites to expand portfolio  CSW Plaza  CWB Plaza II  Lai Sun Comm Center  CCB Tower 1,287

United Kingdom:  (‘000 sq.ft.) (‘000 107 Leadenhall Street Major assets of LSG:  100 Leadenhall Street 344

 106 Leadenhall Street  Crocodile Center Attributable rental GFA GFA Attributable rental  Por Yen Building 250

* Excluding LSD’s 20% interest in Hengqin Novotown Phase I 31-Jan-21

93 Pau Chung Street  LSD won a piece of land by tender in Yuen Long in Mar 2019 Alto Residences Hang On Street project, and a URA project in Kwun Tong in Apr 2019 Monti Kwun Tong  LSD, together with New World Development, Empire Group 95 Novi and CSI Properties won the tender for the Wong Chuk Hang 72 Station Package Five residential project in Jan 2021 Tai Kei Leng project,

(‘000 sq.ft.) (‘000 42 Yuen Long  Continue efforts to secure new projects

Attributable GFA Attributable saleable 31-Jan-21 FY2024 FY2025

Rental turnover (HK$’million) For the six months ended 31 January 2021 2020 LSG Crocodile Center 40.7 50.7 -19.7% Por Yen Building 7.7 7.9 -2.5% Others 2.2 2.0 10.0% LSG Subtotal: 50.6 60.6 -16.5%

LSD Hong Kong Cheung Sha Wan Plaza 154.9 168.0 -7.8% Causeway Bay Plaza 2 86.6 91.6 -5.5% Lai Sun Commercial Centre 22.1 23.1 -4.3% Others 2.0 2.7 -25.9% Subtotal: 265.6 285.4 -6.9% London, United Kingdom 107 Leadenhall Street 23.0 24.6 -6.5% 100 Leadenhall Street 29.7 28.7 3.5% 106 Leadenhall Street 3.2 3.2 0.0% Subtotal: 55.9 56.5 -1.1% Total: 321.5 341.9 -6.0%

CCB Tower (50% basis)* 68.6 70.0 -2.0% Alto Residences (50% basis)* 10.9 7.1 53.5% LSD Subtotal: 401.0 419.0 -4.3%

LSD & LSG Total: 451.6 479.6 -5.8% * Recognised as share of profits from joint ventures

Location Ownership No. of rooms Hong Kong and overseas Hong Kong Ocean Park Marriott Hotel Hong Kong 100% LSD 471 Caravelle Hotel Ho Chi Minh City 26.01% LSD 335 Fairmount St. Andrews Resort (Note) Scotland 50% LSD 211 Subtotal: 1,017 Mainland China Ascott Huai Hai Road Shanghai Shanghai 100% LFH 309 STARR Hotel Shanghai Shanghai 100% LFH 239 Hyatt Regency Hengqin Hengqin 80% LFH, 20% LSD 493 Subtotal: 1,041 Total: 2,058

Note: Performance of the 50:50 joint venture of Fairmont St. Andrews resort is recognised as “Share of profits and losses of joint ventures” in the consolidated income statement of LSD.

Turnover Period end For the six months ended 31 January 2021 Location Ownership No. of rooms (HK$ million) occupancy (%) Hong Kong and overseas

Hong Kong Ocean Park Marriott Hotel Hong Kong 100% LSD 471 81.8 23.8%

Caravelle Hotel Ho Chi Minh City 26.01% LSD 335 104.2 7.0%

Subtotal: 806 186.0

Mainland China

Ascott Huai Hai Road Shanghai Shanghai 100% LFH 309 49.1 83.6%

STARR Hotel Shanghai Shanghai 100% LFH 239 11.4 46.5%

Hyatt Regency Hengqin Hengqin 80% LFH, 20% LSD 493 42.6 26.7%

Subtotal: 1,041 103.1

Total: 1,847 289.1Note 1

Joint Venture Project

Fairmont St. Andrews (50% basis) Scotland 50% LSD 211 13.3 Note 2

Note 1: Excluding hotel management fee of HK$0.2 million Note 2: The resort has been required to close temporarily since 24 October 2020 due to COVID-19 pandemic in the United Kingdom

FY 2023 FY 2024 Properties to be added: Properties to be added:  Guangzhou Haizhu  Commercial spaces and part Plaza of office and serviced  Shanghai Northgate apartment buildings of Plaza redevelopment Hengqin Novotown Phase II project 7,106

6,103 1,003 4,795* 4,795 4,795 1,308 314**

6,103 4,481 4,795 4,795 4,795

31-Jan-2021 FY 2021 FY 2022 FY 2023 FY 2024 Existing Newly completed rental properties to be added Attributable rental GFA (‘000 sq.ft.)

* Including 100% Novotown Phase I ** GFA of Novotown Phase I attributable to LSD (excluding car-parking spaces and ancillary facilities)

L AI S UN G ROUP 麗新集團 55 Lai Sun Group © All rights reserved Operations Update PRC – steady build-for-sale pipeline; replenishing land bank Land bank as at 31 Jan 2021 – 5.8 million sq.ft.** FY2021 FY2022 FY2023 Properties to be added: Properties to be added: Properties to be added: Shanghai  Part of spaces in  Zhongshan Palm  Part of spaces to be occupied 13% Novotown Phase II to Spring Phase IV by Harrow ILA Hengqin and be occupied by part of office and serviced Guangzhou Harrow ILA Hengqin apartment buildings in Hengqin 10% Novotown Phase II 50% Zhongshan For Sale 27% 27% 1,834* 1,725 1,576 145 215 For Rental 73% 1,725 1,474* 1,576 Project completed for sale as at 31 Jan 2021 approx. 1,689,000 sq.ft.***

FY2021 FY2022 FY2023 Shanghai 2% Newly completed for-sale properties to be added

Completed for-sale properties of Novotown Phase I attributable to LSD as at 31 January 2021 Zhongshan Completed properties held for sale as at 31 January 2021 Hengqin 34% Attributable saleable GFA (‘000 sq.ft.) 64%

*Excluding commercial portion of the Zhongshan Palm Spring for self-use ** Refers to the completed properties for sale excluding commercial portion of the Zhongshan Palm Spring for self-use and including 100% Hengqin Novotown Phase I

Rental turnover Six months ended 31 Jan Six months ended 31 Jan 2021 2020 2021 2020 (HK$ million) (HK$ million) (RMB million) (RMB million) @0.8622 @0.9012 Shanghai Shanghai Hong Kong Plaza 194.8 209.4 -7.0% 168.0 188.7 -11.0% Shanghai May Flower Plaza 31.9 35.7 -10.6% 27.5 32.2 -14.6% Shanghai Regents Park 11.6 11.7 -0.9% 10.0 10.6 -5.7% Subtotal: 238.3 256.8 -7.2% 205.5 231.5 -11.2% Guangzhou Guangzhou May Flower Plaza 59.0 62.8 -6.1% 50.9 56.6 -10.1% Guangzhou Lai Fung Tower 73.8 61.5 +20.0% 63.6 55.4 +14.8% Guangzhou West Point 13.4 12.8 +4.7% 11.6 11.5 +0.9% Subtotal: 146.2 137.1 6.6% 126.1 123.5 +2.1% Zhongshan Zhongshan Palm Spring 3.3 3.5 -5.7% 2.8 3.2 -12.5% Subtotal: 3.3 3.5 -5.7% 2.8 3.2 -12.5% Hengqin Hengqin Novotown 46.9 5.7 +722.8% 40.4 5.1 +692.2% Subtotal: 46.9 5.7 +722.8% 40.4 5.1 +692.2% Others 10.0 7.7 +29.9% 8.6 6.9 +24.6% Total: 444.7 410.8 +8.3% 383.4 370.2 +3.6%

Approximate GFA Average Selling Price# Turnover# As at 31 January 2021 No. of units sq.ft. HK$/square foot HK$ million RMB million Zhongshan Palm Spring Residential High-rise Units 563 660,791 1,713 1,131.9 976.0 Residential House Units 16 33,473 3,200 107.1 92.3 Serviced Apartment Units## 2 2,120 1,462 3.1 2.7 Shanghai Wuli Bridge Project Residential Units 8 19,633 15,061 295.7 254.9 Hengqin Novotown Phase I Cultural Studios 2 11,106 5,276 58.6 50.5 Serviced Apartment Units 2 1,597 3,632 5.8 5.0 Hengqin Novotown Phase II Harrow ILA Hengqin Buildings### N/A 293,729 1,641 481.9 415.5 Sub-total 593 1,022,449 2,038 2,084.1 1,796.9 Shanghai Wuli Bridge Project Car-parking Spaces 7 5.2 4.5 Shanghai Regents Park Car-parking Spaces 3 2.1 1.8 Guangzhou King’s Park Car-parking Space 1 0.8 0.7 Sub-total 11 8.1 7.0

Total 2,092.2 1,803.9 # Value-added tax inclusive ## The sale of serviced apartment units of Zhongshan Palm Spring will be recorded as disposal of assets classified as held for sale and the sales proceeds net of cost will be included in other operating income in the consolidated income statement of LFH when the sale is completed. ### Will be recognised as income from finance lease under turnover

No. of Approximate Average Units Saleable Area Selling Price Turnover As at 31 January 2021 (Square feet) (HK$/square foot) (HK$ million) Monti Residential Units 7 2,143 23,122 49.6

Subtotal 49.6

Contracted sales from joint venture project

Alto Residences (50% basis) Residential Units 21 36,669 24,691 905.4* Car-parking Spaces 9 N/A N/A 19.5 Sub-total 924.9

* Representing property sales proceeds of HK$829.2 million and rental proceeds of HK$76.2 million in relation to certain residential units offering early occupation benefit which allows the purchasers to move in earlier before completion of the sale

For the six months ended 31 January 2021 (HK$ million unless specified otherwise) Net loss attributable to owners of the Revenue Key drivers company Net loss of HK$797.2 million Reported : (loss per share of HK$2.030)  Overall performance dominated by LSD LSG HK$2,794.1 million Net loss of HK$229.5 million Adjusted :  Relatively steady performance from rental properties in Hong Kong (loss per share of HK$0.585)

 Net loss of HK$1,227.4 million Consolidating financial results of LFH Group and eSun Group Reported : (loss per share of HK$2.005)  The increase in turnover from sale of properties primarily driven by the sales performance of LFH’s development projects in Mainland China during the period under review LSD HK$2,745.4 million  Property sales in Hong Kong from sales of residential units of Monti recognised during the period under review Net loss of HK$419.5 million Adjusted :  Revenue from hotel and restaurant operations of LSD Group, as well as cinema operation and media and entertainment (loss per share of HK$0.685) businesses of eSun Group decreased amid the prolonged global COVID-19 pandemic since January 2020.

 Relatively steady performance from rental portfolio Net loss of HK$446.1 million Reported : (loss per share of HK$1.348)  Property sales primarily driven by the sales performance of Shanghai Wuli Bridge Project, Zhongshan Palm Spring, as well as the sale of properties in Novotown Phase II being occupied by Harrow ILA Hengqin. LFH HK$1,554.7 million  The absence of a significant fair value loss during the period under review as compared to the same period last year and Net loss of HK$510.3 million fair value gain arising from the revaluation of LFH Group's investment properties for the period under review were offset Adjusted : (loss per share of HK$1.541) by the write-down of properties under development to net realisable value and the increased other operating expenses during the period under review.

 Ceased to consolidate financial results of LFH Group For the Net loss of HK$75.7 million : period (loss per share of HK$0.051)  Continuing operations include development, operation of and investment in media and entertainment, music production and distribution, the investment in and production and distribution of television programs, films and video format eSun HK$284.1 million products and cinema operation in Hong Kong and Mainland China For Net loss of HK$75.7 million  The decrease in consolidated loss for the period under review is primarily due to the rent concessions granted by certain continuing : (loss per share of HK$0.051) landlords for cinema operations and the absence of impairment of certain property, plant and equipment during the operations period under review as compared to the same period of last year

L AI S UN G ROUP 麗新集團 61 Lai Sun Group © All rights reserved Stable Financial Foundation As at 31 January 2021 Cash and bank balance (HK$'million) Consolidated 7,524.6 7,435.0 4,325.3 1,802.3 Ex-listed subs 89.6 1,305.5 1,535.5 Undrawn facilities (HK$'million) Consolidated 5,977.2 5,397.2 2,934.9 23.3 Ex-listed subs 580.0 2,439.0 N/A 23.3 Total debt (HK$ million) Consolidated 23,977.8 23,082.1 11,315.4 389.1 Ex-listed subs 895.7 11,377.6 N/A 389.1

76%

45% 45% 30% 28% 4% 34,911.6 (HK$57.04) 21,701.0 (HK$55.27) 15,522.3 1,512.5 (HK$1.01) (HK$46.89) LSG LSD LFH eSun

Net Assets (in HK$' million) and Net Asset Value ("NAV") per share* (in HK$) as at 31 Jan 2021 Net debt to equity ratio as at 31 Jan 2021 Gearing ratio excluding net debt of listed subs Gearing ratio excluding net debt of listed subs and London portfolio

GFA by type as at 31 January 2021 (‘000 sq.ft.) By type

Commercial Office Industrial Residential Hotel/SA Total / Retail Completed Hotel Properties and Serviced Lai Sun Garment Apartments 22% Properties Under Completed properties held for Rental 91 - 159 - - 250 Development 4% Completed Completed properties for Sale properties held Lai Sun Development 4% for Rental 70% Completed properties held for Rental 537 1,030 64 - - 1,631

Completed Hotel Properties and - - - - 603 603 Serviced Apartments By asset class

Hotel Properties Under Development 8 - - 106 - 114 23% Commercial 25% Residential Completed properties for Sale 33 - - 61 - 94 6%

Lai Sun Development Industrial Office 578 1,030 64 167 603 2,442 8% Total GFA 38%

Note: The above table excludes GFA of properties held by LFH Group and LSD’s 20% interest in Novotown Phase I in Hengqin, the PRC

AIA Central CCB Tower 1 Connaught Road Central, Central, Hong Kong 3 Connaught Road Central, Central, Hong Kong

Building specification: Project Particulars:

• Completed in 2005 • Partner with China Construction Bank (50:50 JV)

• Partner with AIA (90%AIA : 10%LSD) • The redeveloped office tower is a landmark property in Central, Hong Kong • GFA: 429,000 sq.ft. • Grade A office building with GFA of 229,200 sq.ft. • Grade A office building • Head Office for China Construction Bank • 39-storey including basement

• 26-storey of leasable office

• 61 carparks

Causeway Bay Plaza 2 463-483 Lockhart Road, Causeway Bay, Hong Kong (100%)

Building specification: • Completed in 1992 • GFA: 206,000 sq.ft. • Office and retail • 28-storey • Retail 109,800 sq.ft.. • Office 96,200sq.ft. • 57 carparks • Tenants include HSBC branch, commercial offices and major restaurants

Cheung Sha Wan Plaza 833 Cheung Sha Wan Road, Cheung Sha Wan, Kowloon, Hong Kong (100%) Building specification: • Completed in 1989 • GFA: 643,700 sq.ft. (excl. carparks) • 2 office towers • Retail podium (5-storey) • 355 carparks

Lai Sun Commercial Centre 680 Cheung Sha Wan Road, Cheung Sha Wan, Kowloon, Hong Kong (100%)

Building Specification: • Completed in 1987 • GFA: 169,200 sq.ft. (excl. carparks) • Office / retail mixed use development • 538 carparks

Tenants in arcade include an MCL cinema operated by eSun and local retailers

Most of the office space are taken up by the Lai Sun Group and Crocodile (sister company)

Crocodile Center (retail podium) 79 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong (100%)

Building Specification: • Completed in 2009 • GFA: 91,200 sq.ft. • Office / retail mixed use development

Tenants dominated by local restaurant groups

339 Tai Hang Road, Hong Kong Ocean One, Yau Tong, Kowloon (100%) (100%)

Project Particulars: Project Particulars: • • Luxury residential development at Residential-cum-commercial the southern part of Wong Nai Chung property district • Total GFA of approx. 122,000 sq.ft. • Total GFA: 30,400 sq.ft. • 124 residential units and 2 • 8 out of 9 units being sold up to now commercial units • All residential units being sold

• 2 commercial units and 7 car-parking spaces remain unsold

Alto Residences, Tseung Kwan O

Project Particulars:

• 50:50JV

• Land area: 229,300 sq.ft.

• Total GFA: 573,300 sq.ft.

• 605 flats, including 23 houses

• Occupation Permit being issued in May 2018

• Certificate of Compliance being issued in Sep 2018

• Up to 14 March 2021, 603 residential units being sold

• Up to 14 March 2021, 73 car-parking spaces being sold

Hong Kong Ocean Park Marriott Hotel (100% LSD)

• 6 storeys, 471 guest rooms

• Total GFA: 366,000 sq.ft.

• Total investment: HK$4.4 billion

• Marriott as hotel operator and manager

• Hotel license being issued in Oct 2018

• Grand opened on 19 Feb 2019

• Achieved “Gold” rating in BEAM Plus Final Assessment

• Period end occupancy rate: 23.8%

93 Pau Chung Street (100% LSD) Project Particulars:

• Site area: approx. 12,600 sq.ft.

• Permitted GFA: approx. 111,400 sq.ft. - 94,500 sq.ft. for residential use - 16,900 sq.ft. for commercial use

• 209 flats, including studios, one and two bedroom units

• Occupation Permit being issued in Jul 2018

• Certificate of Compliance being issued in Nov 2018

• Sale and handover of 209 residential units and 7 commercial units completed

• Up to 14 March 2021, 7 out of 20 car-parking spaces and 4 out of 5 motor-parking spaces have been sold

Monti (100% LSD) Project Particulars:

• Site area: approx. 7,600 sq.ft.

• 144 residential units, with total saleable area of approx. 45,800 sq.ft.

• Occupation permit being issued in Oct 2019

• Certificate of Compliance being issued in March 2020

• Up to 14 March 2021, 121 units have been pre-sold; handover substantially completed

• Combined site area: approx. 5,100 sq.ft.

• Total gross floor area: approx. 42,900 sq.ft.

• Occupation Permit being issued in Jul 2019

• Sale and handover of all 138 units have been completed

• 4 commercial units remain unsold

Tai Kei Leng project (100% LSD) Project Particulars:

• Site area: approx. 12,000 sq.ft.

• Total gross floor area: maximum of approx. 42,200 sq.ft.

• The site is designated for private residential purposes

• Construction work is in progress

• Construction work expected to be completed in 2024

Hang On Street project (100% LSD) Project Particulars:

 Site area: approx. 8,500 sq.ft.

 The site is designated for residential-cum-commercial purposes

 Total gross floor area: maximum of approx. 71,700 sq.ft. - Commercial : 8,100 sq.ft. - Residential : 63,600 sq.ft.

 Construction works in progress

 Construction work expected to be completed in 2023

107 Leadenhall (100% LSD)  On 25 Apr 2014, LSD succeeded in bidding for 107 Leadenhall in a private auction and the transaction was completed in May 2014  Located at the core of the insurance district in central London  Gross internal area: approx. 146,600 sq.ft. of office accommodation

100 Leadenhall (100% LSD)  LSD acquired 100 Leadenhall in Nov 2014 and the transaction was completed in Jan 2015  Office and ancillary accommodation of approx. 177,700 sq.ft. gross internal area  Currently let to Chubb Market Company Limited (formerly known as “ACE Global Markets Limited”)

106 Leadenhall (100% LSD)  Located adjacent to 100 and 107 Leadenhall Street  Multi-tenanted asset with approx. 19,900 sq.ft. gross internal area of commercial and offices space

107 Leadenhall 100 Leadenhall

106 Leadenhall

By asset class Total GFA of major properties in the PRC: 12.3 million sq.ft.* Guangzhou Residential Commercial / Attributable GFA 19% Serviced Retail ('000 sq.ft.) Shanghai Apartments Attributable GFA 27% Rental properties 1,347 16% ('000 sq.ft.) Hotel properties and serviced - Rental properties 1,229 apartments Hotel properties and serviced Properties under development 581 500 Office apartments 38% Completed properties held for sale - Properties under development 727 Total GFA 1,928 Completed properties held for sale 40 By type Zhongshan Total GFA 2,496 Properties Under Attributable GFA Development ('000 sq.ft.) 47% Completed Properties Rental properties 149 Shanghai Completed Hotel Held for Sale Hotel properties and serviced - Properties and Serviced 14% apartments Apartments 9% Properties under development 1,576 Completed Properties held Completed properties held for sale 644 for rental Total GFA 2,369 30% Hengqin Guangzhou By geography Attributable GFA Shanghai ('000 sq.ft.) 20% Rental properties 975 Zhongshan Hengqin Hotel properties and serviced 595 45% Guangzhou apartments 16% Properties under development 2,873 Hengqin Zhongshan Completed properties held for sale 1,074 19% Total GFA 5,517 *Including 100% Hengqin Novotown Phase I

GFA by type as at 31 January 2021 (‘000 sq.ft.) Hotel and Commercial / No. of Office Serviced Residential Total Retail carparks Apartments 1 LSD 2 Completed Properties held for rental 195 - - - 195 369

Completed Hotel Properties and Serviced Apartments - - 119 - 119 -

Completed Properties Held for Sale - 105 75 34 214

LSD Total GFA 195 109 194 34 528 369

Lai Fung 2 Completed Properties held for rental 2,438 1,067 - - 3,505 2,274

Completed Hotel Properties and Serviced Apartments - - 976 - 976 - 3 Properties Under Development 679 3,010 587 1,482 5,758 3,336

Completed Properties Held for Sale 694 421 301 752 1,543 2,537

Lai Fung Total GFA 3,186 4,498 1,864 2,234 11,782 8,147

1. As at 31 Jan 2021, Hengqin Novotown Phase I is 80% owned by LFH and 20% owned by LSD 2. Completed and rental generating properties 3. All properties under construction 4. Including shopping arcade space in Zhongshan Palm Spring which is for self-use

Hong Kong Plaza, Shanghai (100% LFH) Building Specification

• 32 storey office tower, 32 storey serviced apartment, 7 level commercial podium with basement parkade

• GFA 1.18 million sq.ft./ Office 362,700 sq.ft./ Serviced apartment 356,600 sq.ft. / Retail 468,400 sq.ft./ 350 carparks

Leasing condition – Jan 2021

• Retail 91.8%, Office 83.4%, Serviced Apartment 83.6%

Major Tenants The Apple Store, Tiffany, Genesis Motor, Tasaki and internationally renowned luxury brands and a wide array of dining options

Shanghai May Flower Plaza (The Mid Town) (100% LFH)

 Mixed use development comprising retail, offices and residential with total project GFA of approx. 1,195,000 sq.ft.

 Located in Jing’an District at the heart of Shanghai and along metro lines (M3, M4, M8)

 The Group owns 100% in the retail podium with GFA of approx. 320,300 sq.ft.

 99.2% leased as at 31 Jan 2021

Mayflower Plaza, Guangzhou (100% LFH)

Building Specification: • 13 level building including basement • Total GFA: 436,900 sq.ft.

• Retail 357,400 sq.ft.

• Office 79,500 sq.ft.

• 136 carparks

West Point , Guangzhou Leasing condition – Jan 2021 (100% LFH) • Retail 98.8% Building Specification: • Retail podium/ Carparks • Total GFA: 172,000 sq.ft. • Retail 172,000 sq.ft. Leasing condition – Jan 2021 Retail: 96.0%

Lai Fung Tower, Guangzhou (100% LFH)

Building Specification:

• 38-storey office building

• Total GFA: 738,100 sq.ft. - Retail 112,300 sq.ft. - Office 625,800 sq.ft. - 313 carparks

Leasing condition – Jan 2021

• Retail 95.9%

• Office 98.3%*

*Excluding self-use area

 The overall development has a total planned GFA of approx. 6.075 million sq.ft., comprising of high-rise residential towers, townhouses, serviced apartments and commercial blocks.

 As at 31 January 2021, contracted but not yet recognised sales for high-rise residential units and house units amounted to HK$1,131.9 million and HK$107.1 million, at average selling prices of HK$1,713 and HK$3,200 per square foot, respectively.

Phase I (80% LFH - 20% LSD) - succeed in auction in Sep 2013  Site area: 1.4 million sq.ft.  80:20 held by LFH and LSD  Development GFA: 4.2 million sq.ft. including car-parking spaces and ancillary facilities  Average land cost: RMB2,010 per sq.m.  Usage: cultural, creative industrial and commercial related  Construction work completed in the end of 2019  Hyatt being engaged as the manager for the cultural themed hotel in Mar 2015  Licensing agreement being entered into in Nov 2015 with Lionsgate LBE, Inc. for the development and operation of Lionsgate Entertainment World® in Novotown Phase I. Village Roadshow Theme Parks was appointed in Jul 2016 being the consultant and operator for a minimum of ten years. Lionsgate Entertainment World® commenced operation on 31 Jul 2019  Licensing agreements being entered into in Nov 2015 with a master license holder of National Geographic Society (“NGS”) to develop a family edutainment center, called National Geographic Ultimate Explorer in Novotown Phase I. National Geographic Ultimate Explorer commenced operation on 9 Sep 2019  Hyatt Regency Hotel soft opened in Dec 2019  Leasing of the commercial area is underway with approx. 66% of the leasable area having been leased.  During the period under review, sales of 13,990 square feet of cultural studios and 655 square feet of cultural workshop units were recognised at an average selling price of HK$5,026 and HK$3,435 per square foot, respectively, which contributed a total of HK$69.1 million to the Group's turnover.  As at 31 January 2021, contracted but not yet recognised sales for cultural studios and cultural workshop units amounted to HK$58.6 million and HK$5.8 million, at an average selling price of HK$5,276 per square foot and HK$3,632 per square foot, respectively.  As at 31 January 2021, completed properties held for sale in Novotown Phase I, including cultural studios, cultural workshops units and office units, amounted to approximately 1,074,000 square feet with a total carrying amount of approximately HK$2,579.3 million.

Hengqin Novotown

Phase II (100% LFH) - Succeeded in bidding-for-sale process in Dec 2018  Site area: approx. 1.5 million sq.ft.  100% held by LFH  Development GFA: 3.1 million sq.ft. (including car-parking spaces and ancillary facilities)  In Jun 2017, LFH entered into a licence agreement with Real Madrid in relation to the development and operation of the Real Madrid LBE in Novotown.  In Dec 2018, LFH entered into a license agreement with Ducati in relation to the development and operation of the Ducati Experience Centre in Novotown Phase II, which expects to cover an area of no less than 4,500 sq.m. and will offer experiential attractions including immersive racing experiences, exclusive Ducati exhibits and retail concessions.  Properties in Novotown Phase II occupied by Harrow ILA Hengqin has been sold to the school operator during the period under review, which enabled the Group to crystalise the value in its investment in Novotown Phase II and recycle the capital to improve its working capital position. Harrow ILA Hengqin opened in February 2021.  LFH is in the process of finalising the development plan for Ducati Experience Centre, as well as other facilities in Novotown Phase II.

Wuli Bridge project (100% LFH)  Located by the Huangpu river in Huangpu district, Shanghai, the PRC  Site area: approx. 74,100 sq.ft.  Attributable gross floor area: approx. 77,900 sq.ft.  Types of products: high end luxury residential units  Construction works completed in Aug 2019  28 residential units and 43 car-parking spaces  Launched for sale in Sep 2020  Sales of 15 residential units and 15 car-parking spaces have been completed during the period under review, contributing a total turnover of approximately HK$529.5 million  The contracted sales for 8 residential units and 7 car-parking spaces of this development as at 31 January 2021 amounted to approximately HK$300.9 million  Up to 28 February 2021, the remaining 5 residential units with 6 car-parking spaces have been sold subject to contract, contributing RMB162.0 million in total, which are expected to be turned into contracted property sales in coming months

L AI S UN G ROUP 麗新集團 90 Lai Sun Group © All rights reserved Major Development Properties - PRC Up and coming Shanghai Northgate Plaza redevelopment (100% LFH)  Shanghai Northgate Plaza I is located in the Jing'an District of Shanghai, near the Shanghai Railway Terminal  Shanghai Northgate Plaza II is a vacant site adjacent to Northgate Plaza I  Acquisition of the 6th to 11th floors of Hui Gong Building was completed in Sep 2016  The Group plans to redevelop Shanghai Northgate Plaza I, Northgate Plaza II and the Hui Gong Building together under a comprehensive redevelopment plan  The redeveloped project will include an office tower, a shopping arcade and underground car-parking spaces  Rental GFA to add: approx. 727,200 sq.ft.  Expected total development cost: RMB1.7 bln  Construction works in progress  Expected construction completion: H2 2022

L AI S UN G ROUP 麗新集團 91 Lai Sun Group © All rights reserved Major Development Properties - PRC Up and coming Guangzhou Haizhu Plaza (100% LFH)  Located on Chang Di Main Road in Yuexiu District, Guangzhou along the Pearl River.  Total project GFA of approx. 580,800 sq.ft.  Intended to be developed for rental purposes  Construction works in progress  Expected construction completion: H1 2023

2,058 rooms in total

Hong Kong Ocean Park Marriott Hotel (100% LSD), 471 rooms Fairmont St. Andrews, Scotland (50% LSD), 211 rooms

Ascott Huai Hai Road Shanghai STARR Hotel Shanghai Hyatt Regency Hengqin Caravelle Hotel, Ho Chi Minh City (100% LFH), 309 rooms (100% LFH), 239 rooms (80% LFH, 20% LSD), 493 rooms (26.01% LSD), 335 rooms

Turnover Period end For the six months ended 31 January 2021  The hotel project in Phuket, occupancy (%) (HK$ million) Thailand that LSD invested in Hong Kong and overseas June 2017 is still at the planning

Hong Kong Ocean Park Marriott Hotel 81.8 23.8% stage

Caravelle Hotel 104.2 7.0%

186.0

Mainland China

Ascott Huai Hai Road Shanghai 49.1 83.6%

STARR Hotel Shanghai 11.4 46.5%

Hyatt Regency Hengqin 42.6 26.7%

103.1

289.1Note 1

Joint Venture Project

Fairmont St. Andrews (50% basis) 13.3 Note 2

Note 1: Excluding hotel management fee of HK$0.2 million Note 2: The resort has been required to close temporarily since 24 October 2020 due to COVID-19 pandemic in the United Kingdom

L AI S UN G ROUP 麗新集團 95 Lai Sun Group © All rights reserved Restaurant OperationsHospitalityHPropertyotel Management Development & Investment in Hong Kong & Overseas Acclaimed Michelin starred restaurants Asian Cuisine

• China Tang Landmark (50%) (The Plate Michelin (2019-2021))

• China Tang Harbour City (60%) (The Plate Michelin (2019-2021))

• China Tang Beijing (67%)

• Howard’s Gourmet (50%)

• Chiu Tang Central (67%)

• Old Bazaar Kitchen (63%) China Tang Landmark Chiu Tang Central • Sun’s Bazaar Pacific Place (67%)

• Sun’s Bazaar KiKi Tea Telford Plaza (69%)

• Canton Bistro (100%)

• KiKi Noodle Bar IFC (67%)

• KiKi Noodle Bar K11 MUSEA (67%)

• KiKi Noodle Bar Shanghai Hong Kong Plaza (67%)

• KiKi Noodle Bar Shanghai One ITC mall (67%)

China Tang Harbour City Howard’s Gourmet

Acclaimed Michelin starred restaurants Western/International Cuisine • 8 ½ Otto e Mezzo, BOMBANA Hong Kong (37%) (Three Michelin stars (2012-2021)) • 8 ½ Otto e Mezzo, BOMBANA (Shanghai) (13%) (Two Michelin stars (2017-2021)) • Opera BOMBANA (Beijing) (20%) • CIAK – In The Kitchen (62%) (The Plate Michelin (2019); One Michelin Star (2015-2017)) • CIAK – All Day Italian (67%) (Michelin Bib Gourmand (2017-2021)) 8 ½ Otto e Mezzo, BOMBANA Opera BOMBANA (Beijing) 8 ½ Otto e Mezzo, BOMBANA (Shanghai) • Beefbar (62%) (One Michelin star (2017-2021)) • Prohibition (100%) • Takumi by Daisuke Mori (63%) (One Michelin star (2018-2021)) • ZEST by Konishi (One Michelin star (2020-2021)) • 8 ½ Otto e Mezzo, BOMBANA Macau (management only) (One Michelin star (2016-2021)) CIAK – In The Kitchen Beefbar, Hong Kong • Cipriani (management only)

Japanese Cuisine

• Masa Hong Kong (67%)

Masa Hong Kong

 Produced and co-produced over 100 films in the past 20 years, including : Infernal Affairs series, Founding of An Army, Founding of A The most diversified Republic, Love Off The Cuff, Line Walker, Manhunt, Triumph In The leading Chinese- Skies, The Warlords, If You Are The One, Initial D etc. language entertainment  Organised over 2,000 concerts since 2001 provider in Asia  Published over 800 titles of album since 2001

 Representing and managing over 20 leading talents in Asia

 Over 250 films in the library

 Owned over 5,800 songs in the music library

 Media Asia’s films won over 300 international awards out of over 600 nominations from major international film festivals and award ceremonies  Media Asia’s music albums and singers received numerous awards in major music festivals

 One of the top Chinese-language film production companies in Asia

 Cooperation with influential state-owned film enterprises and invest in film production and distribution under CEPA arrangement

Strong Distribution Capability

 Acquires quality films internationally, including the U.S., Europe, Japan and South Korea  Over 250 films in own library

Exclusive Distribution and co -operation

 Long term output deals with STAR TV and iQiyi  Intercontinental Film Distribution Limited of IGHL is the sole sub-distributor in Hong Kong and Macau for Paramount Pictures International

 Access to production licenses in mainland China

 Winning co-production relationships with top producers, artists, TV stations and internet platforms

 Established distribution team with long term relationships with major TV networks and internet platforms

Market Leader of Live Entertainment in Hong Kong  Over 80% market share, promotes and invests in live events across PRC and globally  Diversified live entertainment events - major pop concerts, touring shows and musicals  Past events included global acts such as Andrew Bocelli, Jennifer Lopez, as well as Asian Pop such as Super Junior and Girls Generation  Co-producer of Asia’s top music award, the Mnet Asia Music Award (“MAMA”) from 2013 to 2018

Music Library  Manages over 5,000 songs in music library, including some all-time hits from Leslie Cheung, Anita Mui and Roman Tam  Significant collection of Andy Lau’s music library with over 600 songs and 250 music videos  Engaged Warner Music as worldwide distribution agent  Music catalog licensed to Tencent Music for exclusive use in PRC

 eSun currently owns 95% interest No. of No. of in Intercontinental Group Holdings Attributable interest Screens Seats Limited (“IGHL”) Cinema to eSun (Note) (Note)  Multiplex Cinema Limited (MCL), a Mainland China subsidiary of IGHL established in Suzhou Grand Cinema City 100 10 1,440 1982, is one of the major cinema Guangzhou May Flower Cinema City 100 7 606 operators in Hong Kong Zhongshan May Flower Cinema City 100 5 905 Subtotal 22 2,951

Hong Kong K11 Art House 100 12 1,708 Movie Town (incl. MX4D theatre) 100 7 1,702 MCL Cyberport 100 4 818 Festival Grand Cinema 95 8 1,196 MCL Metro City Cinema 95 6 690 MCL Telford Cinema (incl. MX4D theatre) 95 6 789 STAR Cinema 95 6 622 Grand Kornhill Cinema (incl. MX4D theatre) 95 5 706 MCL Cheung Sha Wan Cinema 95 4 418 MCL South Horizons Cinema 95 3 555 MCL Green Code Cinema 95 3 285 Grand Windsor Cinema 95 3 246 Subtotal 67 9,735

Total 89 12,686 Note: On 100% basis

For the six months ended 31 January (HK$ million unless stated otherwise) 2021 2020 % change Turnover 2,794.1 2,811.1 -1% - Property Investment 711.1 729.9 -3% - Property Development 1,220.0 744.8 64% - Restaurant Operation 172.1 233.4 -26% - Hotel Operation 289.3 478.5 -40% - Media and Entertainment 163.5 202.8 -19% - Film Production and Distribution 57.2 111.4 -49% - Cinema Operation 61.1 194.6 -69% - Theme Park Operation 14.2 13.9 2% - Others 105.6 101.8 4%

Gross Profit 657.6 1,125.9 -42% Gross margin 24% 40%

Net loss attributable to owners of the company - As reported 797.2 753.1 N/A - Adjusted 229.5 210.4 N/A

Loss per share (HK$) - As reported 2.030 1.947 N/A - Adjusted* 0.585 0.544 N/A

* Excluding the effect of property revaluations

(HK$million unless stated otherwise) As at 31 January 2021 As at 31 July 2020 % change Total assets 83,762.3 80,607.5 4% Cash and bank balances 7,524.6 6,182.6 22% Standalone cash and bank balances* 89.6 87.2 3% Interest bearing debt 23,977.8 22,987.8 4% Undrawn facilities 5,977.2 5,200.5 5% Standalone undrawn facilities** 580.0 520.0 12% Equity attributable to owners of the company 21,701.0 21,871.6 -1%

NAV per share (HK$) 55.274 55.708

Gearing Ratio - Total Debt/Total Assets 29% 29% - Net Debt/Equity 76% 77%

*Excluding cash and bank balances of LSD **Excluding undrawn facilities of LSD

For the six months ended 31 January (HK$'million unless stated otherwise) 2021 2020 % change Turnover 2,745.4 2,751.6 0% - Property Investment 660.9 669.6 -1% - Property Development 1,220.0 744.8 64% - Restaurant Operations 172.1 233.4 -26% - Hotel Operation 289.3 478.5 -40% - Media and Entertainment 163.5 202.8 -19% - Film Production and Distribution 57.2 111.4 -49% - Cinema Operation 61.1 194.6 -69% - Theme Park Operation 14.2 13.9 2% - Others 107.1 102.6 4%

Gross Profit 618.1 1,133.9 -45% Gross margin 23% 41%

Net loss attributable to owners of the company - As reported 1,227.4 1,109.2 N/A - Adjusted 419.5 324.3 N/A

Loss per share (HK$) - As reported 2.005 1.829 N/A - Adjusted* 0.685 0.535 N/A

* Excluding the effect of property revaluations

(HK$'million unless stated otherwise) As at 31 January 2021 As at 31 July 2020 % change Total assets 80,378.3 77,117.6 4% Cash and bank balances 7,435.0 6,095.4 22% Standalone cash and bank balances* 1,305.5 1,750.0 -25% Interest bearing debt 23,082.1 22,161.9 4% Undrawn facilities 5,397.2 4,680.5 15% Standalone undrawn facilities** 2,439.0 1,624.3 50% Equity attributable to owners of the company 34,911.6 34,970.2 0%

NAV per share (HK$) 57.037 57.218

Gearing Ratio - Total Debt/Total Assets 29% 29% - Net Debt/Equity 45% 46%

*Excluding cash and bank balances of eSun **Excluding undrawn facilities of eSun

For the six months ended 31 January (HK$'million unless stated otherwise) 2021 2020 % change Turnover 1,554.7 599.9 159% - Rental income 341.5 332.6 3% -Hotel and serviced apartment 103.2 78.2 32% - Sales of properties 1,095.8 175.2 525% - Theme park operation 14.2 13.9 2%

Gross Profit 290.6 312.0 -7% Gross margin 19% 52%

Loss attributable to owners of the company - As reported 446.1 442.4 N/A - Adjusted* 510.3 213.1 N/A

Loss per share (HK$) - As reported 1.348 1.351 N/A - Adjusted 1.541 0.651 N/A

(HK$'million unless stated otherwise) As at 31 January 2021 As at 31 July 2020 % change Total assets 35,074.6 30,958.3 13% Cash and bank balances 4,325.3 2,524.6 71% Interest bearing debt 11,315.4 10,339.5 9% Undrawn facilities 2,934.9 3,034.2 -3% Equity attributable to owners of the company 15,522.3 14,309.1 8%

NAV per share (HK$) 46.89 43.23

Gearing Ratio - Total Debt/Total Assets 32% 33% - Net Debt/Equity 45% 55%

For the six months ended 31 January (HK$ million unless stated otherwise) 2021 2020 % change (restated) Turnover 284.1 511.4 -44% - Media and Entertainment 163.5 202.8 -19% - Film Production & Distribution 57.2 111.4 -49% - Cinema Operations 61.1 194.6 -69% - Corporate and others 2.3 2.6 -12%

Gross Profit 98.7 238.5 -59% Gross margin 35% 47%

Net loss attributable to owners of the company - For the period 75.7 526.6 N/A - From continuing operations 75.7 272.4 N/A

Net loss per share (HK$) - For the period 0.051 0.353 N/A - From continuing operations 0.051 0.183 N/A

(HK$ million unless stated otherwise) As at 31 January 2021 As at 31 July 2020 % change Total assets 3,917.8 3,869.7 1% Cash and bank balances 1,802.3 1,819.1 -1% Standalone cash and bank balances 1,535.5 1,501.4 2% Interest bearing debt 389.1 395.2 -2% Undrawn facilities 23.3 22.1 5% Standalone undrawn facilities 23.3 22.1 5% Equity attributable to owners of the company 1,512.5 1,597.4 -5%

NAV per share (HK$) 1.014 1.071

Gearing Ratio - Total Debt/Total Assets 10% 10% - Total Debt/Equity 26% 25%

*Excluding cash and bank balances of LFH and MAGHL (if applicable) **Excluding undrawn facilities of LFH and MAGHL (if applicable)

The financial information included in this document does not constitute the Company’s statutory annual consolidated financial statements but derived from those financial statements. Further information relating to these statutory financial statements required to be disclosed in accordance with section 436 of the Companies Ordinance is as follows:

The Company has delivered, or will deliver in the case of the latest financial statements, all published financial statements to the Registrar of Companies as required by section 662(3) of, and Part 3 of Schedule 6 to, the Companies Ordinance. Auditors’ reports have been prepared on those financial statements of the Group. The auditors’ reports were unqualified; did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying its reports; and did not contain a statement under sections 406(2), 407(2) or (3) of the Companies Ordinance.

This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Lai Sung group of companies, comprising: Lai Sun Garment (International) Limited, Lai Sun Development Company Limited, eSun Holdings Limited, Lai Fung Holdings Limited and Media Asia Group Holdings Limited (each a "Company“ and together the “Group”) or any of its subsidiaries or affiliates in any jurisdiction or an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Group or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with the document. This document is highly confidential and being given solely for your information and for your use and may not be shared, copied, reproduced or redistributed to any other person in any manner.

This document contains "forward-looking statements", which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the economic, political and legal environment of Hong Kong and other countries the Group operations in, volatility in stock markets or in the price of its shares, financial risk management and the impact of general business and global economic conditions.

Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and the Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Neither the Group, nor any of its agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document.

This document contains data sourced from and the views of independent third parties. In replicating such data in this document, the Group makes no representation, whether express or implied, as to the accuracy of such data. The replication of any views in this document should be not treated as an indication that the Group agrees with or concurs with such views.

The information contained in this document is provided as at the date of this document and is subject to change without notice.