42 PERENNIAL HOLDINGS PRIVATE LIMITED In addition, Plot C (“Chengdu Plot C”) within Chengdu HSR TOD is currently undergoing planning approval for the two proposed 280-metres (“m”) and two 150m tall towers, which will incorporate a hotel, offices, residential apartments and a retail podium. The medical podium on Plot D2 (“Chengdu Plot D2”) with six towers featuring offices, including Small Offices/Home Offices (“SOHO”), an eldercare centre, long-lease apartments and hospitals is also nearing completion. • Kunming HSR TOD At Kunming HSR TOD, development works are progressing well, with the structural top-out completed for Plot A1 housing the hospitality component and Plot A2 housing the medical and eldercare components. Facade, mechanical and electrical (“M&E”) and interior fitout works are well underway. The 577-bed Perennial Assisted Living Apartment, which has commenced operations, marked the first opening milestone for Kunming HSR TOD. The medical, hospitality and retail components are set to begin operations progressively from 2025. • Xi’an HSR TOD At Xi’an HSR TOD, construction of Plot 4, designated for hospitality, residential, SOHO and retail use, is progressing well, with towers 2, 3 and 4 having reached structural topping-out. The remaining two towers are expected to reach structural topping-out in 1Q 2025. Plot 5, primarily designated for commercial offices and apartments, is in the process of applying for planning approval. In addition, planning approval is currently in progress for Plot 3, which is adjacent to Plot 4 and designated for medical and eldercare components. • Perennial Chongqing East HSR International Healthcare and Business City With the intention to adopt the same integrated model in Chongqing, Perennial Holdings has acquired Plot A8, near the well-connected Chongqing East HSR Station, to establish a general hospital, a rehabilitation hospital and medical suites. Serving as a mega transportation hub integrating HSR, metro, longdistance and city buses and rental car services, Chongqing East HSR Station is forecasted to receive 80 million and 150 million annual passengers by 2028 and 2035, respectively. Eldercare Business Perennial Holdings will continue to drive a holistic and integrated approach to eldercare, thereby creating further synergies with its medical care business. • Renshoutang As at 31 December 2024, Renshoutang’s portfolio comprises over 30 eldercare and nursing facilities, primarily located in Shanghai, totalling over 12,000 operating beds and 2,000 beds in the pipeline. During the year, Renshoutang also launched its first community senior canteen in the Hongkou district of Shanghai. With a wide selection of delicacies at affordable prices, the canteen has been well received by seniors and residents from neighbouring communities. Well-recognised by the local government, it is frequently showcased as an example of elderfriendly facilities within the district. In 2024, three Renshoutang's facilities, the Shanghai Xijiao Xiehe Eldercare Home, Renshoutang Ningjia Eldercare Home and Shanghai Baoshan District Yixian Eldercare Home, were certified smart eldercare institution by the Shanghai Civil Affairs Bureau, further solidifying Renshoutang's reputation in providing technologically advanced eldercare and health management solutions. • Perennial Alzheimer’s Care Village Xi’an Perennial Alzheimer's Care Village Xi'an ("PACVX"), China's first and the world's sixth Alzheimer's village, commenced operations with 301 eldercare beds and 51 nursing beds in its first phase. Its nursing hospital was also officially enrolled in the National Medical Insurance scheme, enabling it to provide affordable medical care services to both in-house senior residents and nearby communities. PACVX also hosted key conferences, including the 27th Asia-Pacific Regional Conference of Alzheimer’s Disease International, the Annual Perennial Alzheimer’s Care Village Xi’an Healthcare Business Review China and Singapore
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