In October 2023, the Global Real Estate Sustainability Benchmark (GRESB) announced the 2023 rating results. Yuexiu REIT (00405.HK) received a "4 Stars" rating for the second consecutive year and the top Public Disclosure Level of "A" for the third consecutive year, in recognition of its outstanding performance in sustainable development by the independent organization that produces the internationally recognized benchmark for the real estate sector.

Yuexiu REIT has always viewed in ESG (environmental, social and governance) capacity building from a strategic perspective, integrating international standards to promote sustainable development. Yuexiu REIT participated in GRESB rating for the first time in 2021, and has since continuously made positive improvements in various major areas of sustainable development.

In terms of sustainable development performance, in this round of evaluation, Yuexiu REIT received full marks in various aspects including Leadership, Reporting, Risk Assessment, Risk Management, Targets and Tenants & Community, achieving an overall GRESB Score of 87, equivalent to a year-over-year increase of 5%, ranking sixth in the peer group of "diversified listed company in Eastern Asia". Looking at the ESG score breakdown, Yuexiu REIT's scores across the three major pillars of Environment, Social and Governance all exceeded the GRESB average, with full score achieved in the Social pillar.

In terms of public disclosure, Yuexiu REIT released standalone ESG reports (namely ESG report) annually since 2016, and set up a dedicated "Sustainability" section on its official website to disseminate ESG-related information on a continuous basis and strive to enhance transparency of ESG disclosure. In 2023, Yuexiu REIT's Public Disclosure Level received a high score of 96, ranking second among its peers in China, and receiving the top score of "A" for the third consecutive year.

The rating results underscore Yuexiu REIT's achievement in sustainable development. Yuexiu REIT will continue to adhere to the concepts of co-prosperity, green development, and inclusive community, regarding ESG management as an important lever to enhance asset value and focus on creating long-term value for stakeholders.

About GRESB

Established in 2009, GRESB is the world's leading ESG benchmark for real estate and infrastructure investments, providing standardized and verified ESG information for financial markets. More than 150 institutions and financial investors are using GRESB in their decision-making. In 2023, 2,084 listed and unlisted real estate investment portfolios participated in the rating, representing approximately USD 7.2 trillion of gross asset value (GAV) across 75 countries and regions. (Source: GRESB website)