OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 51 ANNUAL REPORT 2024 PERENNIAL KUNMING SOUTH HSR INTERNATIONAL HEALTHCARE AND BUSINESS CITY 鹏瑞利国际健康商旅城 (昆明南站) Perennial Kunming South HSR International Healthcare and Business City (“Kunming HSR TOD”) is envisioned as a premier, healthcare-centric HSR TOD, designed to serve communities across Yunnan Province. Spanning a GFA of approximately 6 million sq ft, this landmark development comprises two distinct land parcels. It will integrate medical care, eldercare and hospitality components alongside complementary retail and wellness services, establishing a holistic environment dedicated to health and well-being. Strategically positioned adjacent to Kunming South HSR Station, Yunnan Province’s pivotal East Asia and Southeast Asia Gateway Transportation Hub, Kunming HSR TOD enjoys unparalleled connectivity. The station offers direct HSR links to Vietnam’s border at Hekou in approximately three and a half hours and to Laos’ border at Mohan in approximately five hours. Domestically, it connects to 23 major municipal and provincial capitals across China. The Chongqing-Kunming HSR line, to be completed in 2026, will cut travel times to Chongqing and Chengdu to within three and two hours, respectively. The medical care component, positioned as Perennial International Healthcare and Medical Hub, will encompass a diverse range of healthcare facilities. This includes a 520-bed Perennial General Hospital, incorporating a multi-medical specialty tenant concept, supported by shared ancillary services such as diagnostic imaging, laboratory and pharmacy facilities managed by Perennial Holdings. Additionally, it will house a 302-bed Perennial Rehabilitation Hospital, Perennial Specialist Hospitals with a combined capacity of 300 beds, and 116,250 sq ft of medical suites, encompassing medical clinics, doctor groups and additional third-party diagnostic imaging and laboratory services. This integrated medical ecosystem will provide patients with access to highquality, multidisciplinary healthcare in a single, seamlessly connected environment. The eldercare component within the Kunming HSR TOD houses a 577-bed Perennial Assisted Living Apartment, a 1,056-unit Perennial Eldercare Home and a 300-bed Perennial Nursing Hospital. Specialised health and wellness services span hydrotherapy, Traditional Chinese Medicine (“TCM”) physiotherapy, physical and occupational rehabilitation therapy and dementia care. Seniors will also be supported by the adjacent medical facilities, ensuring an uninterrupted continuum of care. The hospitality component of Kunming HSR TOD will introduce the largest multi-branded star hotel cluster in Yunnan Province, featuring approximately 2,000 rooms across five hotels, ranging from 3- to 5-star
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