Office market in Asia Emphasis on serviced offices in Hong Kong and Singapore Note: This document is for representation purposes only. The facts and figures reported are masked. The report does not claim to accurately represent any industry, business entity, or person. x August xxxx www.insightbee.com | © xxxx insightBee. All Rights Reserved Table of contents www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 2 Summary According to Regus and CBRE Group Inc, the serviced office market • In Tokyo, the office rents have been decreasing in the period of sector is currently small, but has a very significant long-term market xxxx-xxxx. The pipeline office supply is projected at x,xxx thousand outlook: sqm in xxxx, xxx thousand sqm in xxxx and x,xxx thousand sqm in Total available office space xxxx. Competitive landscape Serviced and co- • The prominent serviced office suppliers in the Asia region are working offices Regus plc, The Executive Centre Limited, Servcorp Limited and x% Compass Offices. Prominent players 200 x Traditional offices x% 150 Office market outlook xxxx 100 x • According to Colliers International, the outlook for the Asia office x real-estate market looks optimistic, with an increasing number of 50 x multinationals expanding in human resources and corporate acquisitions. 0 • In China, Colliers anticipates companies in e-commerce and Offices in China and Singapore finance to show high growth which could mean increased demand Regus The Execuitve Centre for office space. Compass Offices Servcorp • Chengdu, Bangkok and Ho Chi Minh City will experience growth in the supply of office space, leading to flat rent rates. Source: Web search www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 3 Regus plc Foundation year: xxxx Products offered: Office space, serviced office space, virtual offices, meeting rooms, business lounges, day offices, co-working Headquarters: Luxembourg City, Luxembourg Other information: Biggest provider of serviced offices, recently entered in a joint-venture with the Singaporean government for the development of a new site Global Asia and Pacific Number of employees Number of employees x,xxx +x.x% x,xxx x,xxx +xx.x% x,xxx xxxx xxxx xxxx xxxx Revenue (GBPm) £ Revenue (GBPm) £ x,xxx.x +x.x% x,xxx.x xxx.x +x.x% xxx.x xxxx xxxx xxxx xxxx Sources: Annual reports, company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 4 Regus plc Global Asia and Pacific Locations Locations xx Hong Kong x,xxx +xx.x% x,xxx xxxx xxxx xx Singapore Workstations Workstations xxx,xxx +xx.x% xxx,xxx xx,xxx +xx.x% xx,xxx xxxx xxxx xxxx xxxx Sources: Annual reports, company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 5 Regus plc Asia and Pacific workstations Total Asia and xxxx Mature xxxx Expansion xxxx Expansion Closures Total Global Pacific Workstations (avg) xx,xxx x,xxx x,xxx xxx xx,xxx xxx,xxx Occupancy (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% Revenue (GBPm) xxx.x xx.x x.x x.x xxx xxxx.x Net income (GBPm) xx.x x.x -x.x - xx.x xx.x Revenue per available - - - - x,xxx x,xxx workstation (GBP) Period end workstations (xx - - - - xx,xxx xxx,xxx Dec xxxx) Source: Annual report www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 6 Regus plc Hong Kong locations Country City Location Offices China Hong Kong Regus xxx QRC x China Hong Kong One IFC xxF x China Hong Kong Entertainment Building x China Hong Kong The Center x China Hong Kong AIA Central x China Hong Kong xxx QRC x China Hong Kong Shui On Centre x China Hong Kong Central Plaza x China Hong Kong Hopewell Centre x China Hong Kong China Resources Building x China Hong Kong Harbour City x China Hong Kong International Commerce Centre x China Hong Kong International Commerce Centre - xxF x China Hong Kong Miramar Tsim Sha Tsui x China Hong Kong Times Square x China Hong Kong The Lee Gardens x China Hong Kong Grand Century Place - Mong Kok x China Hong Kong Berkshire House Quarry Bay x China Hong Kong Millennium City x x China Hong Kong E-Trade Plaza - Chai Wan x Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 7 Regus plc Singapore locations Country City Location Offices Country City Location Offices Singapore Singapore Asia Square x Singapore Singapore Geylang East Public Library x Singapore Singapore xxx Market Street x (Regus Express) Singapore Singapore Bharat Building x Singapore Singapore Toa Payoh Public Library x Singapore Singapore Tanjong Pagar x (Regus Express) Singapore Singapore Samsung Hub x Singapore Singapore Paya Lebar Square x Singapore Singapore MBFC Tower x x Singapore Singapore Galaxis-One North x Singapore Singapore Collyer Quay x Singapore Singapore Tampines Junction x Singapore Singapore x Raffles Place - Tower x x Singapore Singapore JTC Summit x Singapore Singapore One Raffles Place x Singapore Singapore Jurong Regional Library x Singapore Singapore UOB Plaza x Centre x (Regus Express) Singapore Singapore Royal Group Building x Singapore Singapore The Signature x Singapore Singapore AXA Tower x Singapore Singapore The Haven Changi Airport x Singapore Singapore One Fullerton x Express (opening soon) Singapore Singapore Sultan Link x Singapore Singapore Centennial Tower x Singapore Singapore Suntec Tower x x Singapore Singapore OrchardGateway@Emerald. x Singapore Singapore Wisma Atria x Singapore Singapore HarbourFront Tower One x Singapore Singapore United Square x Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 8 Servcorp Limited Foundation year: xxxx Products offered: executive suites, serviced offices virtual offices, meeting rooms Headquarters: Sydney, Australia Number of employees Number of locations xxx +x.x% xxx xxx +x.x% xxx xxxx xxxx xxxx xxxx Global Revenue (GBPm) £ Number of offices xxx.x +xx.x% xxx.x x,xxx +xx.x% x,xxx xxxx xxxx xxxx xxxx Note: Exchange rate: xxxx - USDx=GBPx.xxxx xxxx – USDx=GBPx.xxxx Source: Annual report www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 9 Servcorp Limited Asia Southeast Asia and Pacific Asia total revenue (GBPm) £ revenue (GBPm) £ xx.x +x.x% xxx.x xx.x x.x% xx.x xxxx xxxx xxxx xxxx Locations North Asia* revenue (GBPm) £ x Hong Kong xx.x +x.x% xx.x x Singapore xxxx xxxx *Includes among others China and Japan. Excludes Middle East Source: Annual report www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 10 Servcorp Limited Hong Kong and Singapore locations Country City Location Offices China Hong Kong Central area, Level xx, Two x International Finance Center China Hong Kong Central area, Level x, the Hong x Kong Club Building China Hong Kong Kowloon area, Level xx, One x Peking Road Singapore Singapore Penthouse Level & Level xx, x Suntec Tower Three Singapore Singapore Level xx, Six Battery Road x Singapore Singapore Level xx, Marina Bay Financial x Center Singapore Singapore Level xx, PSA Building x Singapore Singapore Level x, The Metropolis Tower x x Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 11 The Executive Centre Limited Founded: xxxx Products offered: Serviced offices, virtual offices, conference centres Other information: Plans to double the number of centres in the xxxx-xxxx period, company backed by CVC Capital Partners Headquarters: Hong Kong Centres Revenue (GBPm) £ xx Global xx.x xxxx xxxx Workstations Tot. office space ~x,xxx ~x.xm sq ft xxxx xxxx Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 12 The Executive Centre Limited Occupancy rate in Locations Hong Kong x Hong Kong x Singapore xx.x% Country City Details N. of Number of offices Other centers China Hong Kong Level x, x and x, Two Exchange Square x xx (x-xx people) - China Hong Kong Level xx and xx, Nexxus Building x xx (x-xx) x meeting room China Hong Kong Level xx, Wheelock House x xx (x-xx people) Max capacity xxx workstations China Hong Kong Level xx and xx, The Hong Kong Club Building x xx (x-xx people) - China Hong Kong Level x, Three Pacific Place x xx (x-xx people) - China Hong Kong Level x and x, xx Hennessy Road x xx (x-xx people) - China Hong Kong Level x, Cambridge House x xx (x-xx people) - China Hong Kong Level xx, One Island East x xx (x-xx people) Equipped for conferences and trainings China Hong Kong Level xx, One Island East x >xx offices (x-x people) Max capacity xxx workstations Singapore Singapore Level xx and xx, Ocean Financial Centre x - - Singapore Singapore Level xx, One Raffles Quay North Tower x xx (x-xx people) Max capacity xxx workstations Singapore Singapore Level xx, Six Battery Road x xx (x-xx people) Max capacity xxx workstations Singapore Singapore Level xx, Marina Bay Financial Centre Tower x x xx (x-xx people) Max capacity xxx workstations Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 13 Compass Offices First centre opened: xxxx Products offered: Serviced offices, virtual offices, conference centres. Other information: One of the largest and fastest growing serviced offices providers in Hong Kong Centers Locations >xx xx Hong Kong xxxx x Singapore Workstations >x,xxx xxxx Source: Company website www.insightbee.com | © xxxx insightBee. All Rights Reserved p. 14 Compass Offices Hong Kong and Singapore locations Country City Location Offices Country City Location Offices Hong Kong Hong Kong China Building x Hong Kong Hong Kong Admiralty Centre x Hong Kong Hong Kong Central Building x Hong Kong Hong Kong xx Gloucester Road x Hong Kong Hong Kong Citibank Plaza x Hong Kong Hong Kong Tesbury