Fuzhou E-Commerce Fuzhou E-Commerce was acquired on 8 August 2019. Strategically located on the western side of Mingxing Road, Fuyang District, Hangzhou, this e-commerce logistics property is in close proximity to the Changshen Highway and Hangzhou city centre and enjoys convenient water transportation provided by the Fuchun River. Fuzhou E-Commerce is adjacent to Fu Heng Warehouse, which is also focused on e-commerce related fulfilment activities. Together with Fu Heng Warehouse, these two properties form a combined 303,400 sqm logistics hub, well supported by industry participants such as online market places, brand manufacturers, last mile delivery companies as well as office space and other auxiliary facilities. Property Information (As at 31 December 2024) Net Lettable Area (sqm) 208,324 Land Use Expiry 3 May 2059 Purchase Consideration (RMB million) 1,112.5 Valuation (RMB Million) 689.0 Committed Occupancy 72.3% Key Tenant Zhejiang Jinghong Supply Chain Management Co., Ltd. WALE (by NLA) 1.3 WALE (by Gross Rental Revenue) 1.3 E-COMMERCE LOGISTICS ANNUAL REPORT 2024 23 PROPERTY PORTFOLIO OVERVIEW
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