ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries, the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset New Economy, has completed the construction of ESR Shenyang Hualong E-commerce Industrial Park manager powered by the in Hunnan, Shenyang, China.

ESR Shenyang Hualong E-commerce Industrial Park sits within a site area of 108,812.36 sqm and GFA of 80,672.41 sqm, and is located in Hunnan District, Shenyang, which has been identified as the nation’s cross border E-commerce cluster and centre with fully integrated infrastructure in Northeast China.1,2 The Industrial Park is within 10 minutes ride via the highway to the Shenyang Airport and is of close proximity to transport modes such as the high speed trains, providing e-commerce, 3PL, cold storage and other leading businesses easy access and connectivity. Completed in May 2023, the single- storied park has a build-to-suit cold storage capabilities to provide customized features to meet the needs of its anchor tenant. The Park is fully tenanted to JD.com, a major domestic e-commerce company.

Jeffrey Shen, Co-founder and Co-CEO of ESR, said, "We are delighted with the latest milestone with one of our three growth pillars to expand our New Economy business which includes logistics, data centres, life sciences and high-tech industrial sectors in China completion of the ESR Shenyang Hualong E-commerce Industrial Park, in line with Shenyang as a Northeast regional and logistics centre through the development of an intelligent manufacturing advanced equipment industry, focusing on cross-border e-commerce import and export market players, our latest facility rides on this secular trend, demonstrating the continuous. Backed by the government’s support to boost progress of our New Economy developments in China." In line with the Group’s recently announced ESG 2030 Roadmap in accelerating the ESG efforts across the Group, the ESR Shenyang Hualong E-commerce Industrial Park will include a solar power generation system on the roof of the park, with a total of 2 megawatts, which will be connected to grid. This is part of the ambition of E-Power Technology Co. Ltd., an ESR China’s renewables subsidiary, to launch over 70 rooftop solar projects this year targeting 100 MW of rooftop solar installed capacity generating approximately 100,000 MWh of renewable electricity annually. Through E-Power Technology Co. Ltd., ESR China aims to create a self-sustaining renewable energy ecosystem that benefits the entire value chain within the industry.

As of 31 December 2022, ESR Group has a development work-in-progress (“WIP”) of US$11.9 billion, thelargestdevelopmentworkbookinAPAC,providingclearvisibilityonfuturefeeincome. TheGroup achieved a record US$6.5 billion of development starts as well as US$5.5 billion in completions which accelerated in the second half of 2022. ESR has a total AUM of US$32.5 billion and approximately 14.3 million sqm of GFA in Greater China.