Hong Kong, 28 April 2025 – ESR Asset Management (Prosperity) Limited (the "REIT Manager"), as manager of Prosperity Real Estate Investment Trust ("Prosperity REIT") [SEHK: 808], is pleased to announce that Prosperity REIT’s greenhouse gas (“GHG”) emissions reduction targets have been validated and approved by the Science Based Targets initiative (“SBTi”).

In 2024, we achieved a 40% reduction in Scope 2 emissions compared to the 2017 benchmark, far exceeding our initial target of a 20% decrease set in 2020. Building on this momentum, our emissions reduction targets are validated by the SBTi through the corporate route. Prosperity REIT has committed to reduce Scope 2 emissions by 42% and Scope 3 emissions by 25% by 2030 using 2021 as the base year. We also set long-term emissions reduction targets in line with reaching net-zero by 2050.

These targets will be achieved through the execution of a series of asset enhancement initiatives, including upgrading building facilities to energy efficient models with building automation systems. These initiatives are expected to reduce GHG emissions and electricity costs, creating long-term value for the REIT, our stakeholders and the community.

Ms. Mavis Wong, CEO and Executive Director of the REIT Manager, remarked, “We are pleased to receive SBTi validation for our GHG emissions reduction targets. This milestone underscores our unwavering commitment to sustainability and our proactive approach to addressing climate change. We aim to drive a positive impact on the environment and contribute to a sustainable future.”

About Prosperity REIT

Prosperity REIT [SEHK: 808] is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, three Grade A office buildings, one commercial building, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.28 million sq. ft..

www.prosperityreit.com

About the REIT Manager

ESR Asset Management (Prosperity) Limited, the REIT Manager of Prosperity REIT, is a wholly-owned subsidiary of ESR Group Limited ("ESR"). ESR is Asia-Pacific's leading New Economy real asset owner and manager. With a core focus in logistics real estate, data centres, and infrastructure, ESR powers the supply chain for investors, customers, and communities. Through its fully integrated real asset fund management and development platform, ESR strives to create value and growth opportunities for its global portfolio of investors.

www.esr.com

Disclaimer

The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Prosperity REIT in Hong Kong or any other jurisdiction.

Media and Investor Contacts