Commercial and office In FY 2024, despite a sluggish economic environment in the PRC, most of the Group’s commercial projects maintained steady growth, with only office properties experiencing a slight decline in occupancy rates. As of December 31, 2024, the overall average occupancy rate of the Group’s commercial and office properties stood at 81%. Yanlord’s commercial malls not only serve as retail spaces for consumers and tenants but also host a variety of activities to foster community engagement. Our commercial property management team remains committed to delivering high-quality, professional, and customer-centric services. Across Yanlord’s major commercial plazas, we provide a range of thoughtful amenities, including medical kits, wheelchairs, umbrellas, emergency hygiene supplies, children’s essentials, mother-and-baby rooms, and business printing facilities, ensuring a convenient and welcoming environments for all visitors. CASE STUDY Yanlord Reverie Plaza, Shenzhen, PRC 仁恒梦创广场，深圳,中国 Located on Shenzhen Metro Line 16, Yanlord Reverie Plaza is positioned as a vibrant hub for contemporary aspirations in eastern Shenzhen, targeting the preferences of the young and consumerist generation in the area and appealing to their spirits and lifestyle through daily experiences. The project aims to build a ‘vision for a better life’ for young people in the vicinity from a holistic perspective such as fashion, food, housing, transportation, and entertainment. The project comes with 10,000 sqm of ecological natural landscape, and the concept of ‘sensory-deprived forest’ is incorporated into its architectural design, striving to showcase an ‘ecological-themed’ commercial complex that is open, inclusive, green and ecological, and offers a humanistic and artistic experience. In the ‘neighbourhood + mall’ composition, Yanlord Reverie Plaza features a multi-dimensional design with an ecological green valley, a vibrant neighbourhood, staggered terraces, floating green islands, sun terraces, etc., and is naturally connected to the municipal park by footpaths and corridors. With numerous public leisure spaces, it provides an immersive ‘dream-making’ experience. The project won the Best Commercial Interior Design Award at the 2024-2025 Asia Pacific Property Awards. The 5-storey Yanlord Reverie Plaza has brought numerous first stores, flagship stores and image stores to the region, covering a wide range of businesses such as casual dining, trendy brands and cinemas, attracting a large number of visitors. In the first half of 2024, the number of visitors grew by 27% year-on-year, while sales increased by 56% year-on-year. Managed Properties QUALITY OF PRODUCTS AND SERVICES | MANAGEMENT APPROACH Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 28 Yanlord Land Group Limited Sustainability Report 2024
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