Building Resilience

HONG KONG SAR – Media OutReach Newswire – 11 March 2025 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results of Sunlight REIT for the 18 months ended 31 December 2024 (the “Reporting Period“), which are prepared incidental to the change of financial year end date from 30 June to 31 December.

For the Reporting Period, Sunlight REIT posted total revenue and net property income of HK$1,236.3 million and HK$957.7 million respectively, while distributable income was HK$499.7 million. The key performance indicators on a calendarized basis are summarized as follows:

The Board has resolved to declare a final distribution of HK 9.3 cents per unit. Together with the first and second interim distributions of HK 9.0 cents and HK 9.1 cents per unit respectively, the total distribution per unit for the Reporting Period would amount to HK 27.4 cents, representing a payout ratio of 94.0% (FY2022/23: 97.9%). Based on the closing price of HK$1.86 per unit on 31 December 2024, the annualized distribution yield for the Reporting Period was 9.8%.

The portfolio of Sunlight REIT was appraised at HK$17,933.6 million at 31 December 2024, while its net asset value was HK$13,010.1 million, or HK$7.53 per unit.

Operating Highlights

At 31 December 2024, the occupancy rate of Sunlight REIT’s overall portfolio was 91.3%, while the corresponding figures of the office and retail portfolios were 92.0% and 90.1% respectively. The average passing rent of the overall portfolio was HK$43.7 per sq. ft., down 3.7% as compared to the level at 30 June 2023. For the Reporting Period, an average rental reversion of negative 2.6% was recorded for the overall portfolio.

In respect of the operating performance of major properties, the occupancy rate of Dah Sing Financial Centre at 31 December 2024 improved to 92.2%, but the property recorded a negative rental reversion of 8.2% which included a rent review for a key tenant. Sheung Shui Centre Shopping Arcade achieved a positive rental reversion of 4.2% for the Reporting Period, while its occupancy rate of 91.4% was lower than the 97.6% recorded at 30 June 2023, principally due to the space vacated by the kindergarten tenant which accounted for 7.5% of its gross rentable area. Meanwhile, the occupancy rate of Metro City Phase I Property declined marginally to 91.7% with a negative rental reversion of 0.9%.

Mr. Au Siu Kee, Alexander, Chairman of the Manager said, “In light of persistent headwinds, the Manager will devote additional effort to shoring up the resilience of Sunlight REIT by adopting a disciplined and innovative asset management strategy, while reaffirming our steadfast commitment to sustainability.”

Remarks: Attached financial highlights of final results of Sunlight REIT for the 18 months ended 31 December 2024.

Financial Highlights of Final Results for the 18 Months Ended 31 December 2024:
(in HK$’ million, unless otherwise specified)

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 Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT #REIT

The issuer is solely responsible for the content of this announcement.

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

Sushi Kissho by Miyakawa and Teppanyaki Shou Make Dazzling Debuts on the SCMP’s Best of the Best Annual List

MACAU SAR – Media OutReach Newswire – 11 March 2025 – The South China Morning Post recently announced its 100 Top Tables guide for 2025, a definitive list recognizing the most exceptional dining establishments in Hong Kong and Macau. This year, six restaurants from StarWorld Hotel and Galaxy Macau™ Integrated Resort have proudly secured spots on the list. Among the new entries are Sushi Kissho by Miyakawa and Teppanyaki Shou, both of which made received inaugural accolades. This achievement reaffirms Galaxy Macau’s dedication to providing extraordinary dining experiences for every guest, earning recognition from the industry’s leading critics. Meanwhile, StarWorld Hotel’s acclaimed Feng Wei Ju, as well as 8½ Otto e Mezzo BOMBANA from Galaxy Macau, Yamazato from Hotel Okura Macau, and Lai Heen, The Ritz-Carlton Macau continued their winning streaks, solidifying Galaxy Macau’s exceptional standing in the high-end gastronomic scene.

Perched on the 51st floor of The Ritz-Carlton, Macau, Lai Heen offers a breathtaking panorama of the city alongside its exquisite Cantonese cuisine. Executive Chef Jackie Ho Hon Sing, the creative force behind the restaurant, projects his vision and skill into every dish and reimagined it with a modern sensibility, for a taste experience is nothing short of transcendent. His dedication in Cantonese cuisine has earned the restaurant an eight consecutive Michelin stars since 2017. Combining traditional Cantonese flavors with Ritz-Carlton’s legendary service, Lai Heen delivers an unparalleled dining experience.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.

Sushi Kissho by Miyakawa and Teppanyaki Shou Make Dazzling Debuts on the SCMP’s Best of the Best Annual List

MACAU SAR – Media OutReach Newswire – 11 March 2025 – The South China Morning Post recently announced its 100 Top Tables guide for 2025, a definitive list recognizing the most exceptional dining establishments in Hong Kong and Macau. This year, six restaurants from StarWorld Hotel and Galaxy Macau™ Integrated Resort have proudly secured spots on the list. Among the new entries are Sushi Kissho by Miyakawa and Teppanyaki Shou, both of which made received inaugural accolades. This achievement reaffirms Galaxy Macau’s dedication to providing extraordinary dining experiences for every guest, earning recognition from the industry’s leading critics. Meanwhile, StarWorld Hotel’s acclaimed Feng Wei Ju, as well as 8½ Otto e Mezzo BOMBANA from Galaxy Macau, Yamazato from Hotel Okura Macau, and Lai Heen, The Ritz-Carlton Macau continued their winning streaks, solidifying Galaxy Macau’s exceptional standing in the high-end gastronomic scene.

Perched on the 51st floor of The Ritz-Carlton, Macau, Lai Heen offers a breathtaking panorama of the city alongside its exquisite Cantonese cuisine. Executive Chef Jackie Ho Hon Sing, the creative force behind the restaurant, projects his vision and skill into every dish and reimagined it with a modern sensibility, for a taste experience is nothing short of transcendent. His dedication in Cantonese cuisine has earned the restaurant an eight consecutive Michelin stars since 2017. Combining traditional Cantonese flavors with Ritz-Carlton’s legendary service, Lai Heen delivers an unparalleled dining experience.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.

• From bell foundry to global player
• In its anniversary year, HEIDELBERG heads into the future with a clear growth strategy
• Speedmaster series perpetuates success story started by legendary “Original Heidelberger Tiegel” – the 1921 springboard to a world-leading position
• Milestones in the history of HEIDELBERG

HEIDELBERG, GERMANY – Newsaktuell – 11 March 2025 – On March 11, 1850 – exactly 175 years ago – the Hemmer, Hamm & Co. bell foundry and machine shop opened in Frankenthal. Besides bells, it also made printing presses, which laid the foundations for the company now called Heidelberger Druckmaschinen AG (HEIDELBERG). Precision, quality, and innovation were the success factors that transformed HEIDELBERG from a workshop based in the Palatinate region of Germany to a global player in the printing industry. “A company that can sustain its success over such a long period, become a world leader in its industry, and continue to shape the entire sector right up to the present day has strong credentials that are testament to its innovative capabilities. The defining feature of HEIDELBERG is the company’s understanding of markets, customers, and exceptional product quality,” says Jürgen Otto, CEO of HEIDELBERG. “We also intend to maintain and build on this leading position in the future,” he adds.

HEIDELBERG heads into the future with a strategy for growth

To achieve this, HEIDELBERG is tapping into growth potential in its traditional core business – from packaging and digital printing to software and lifecycle products.

Recently, for example, the company has significantly expanded its portfolio in the growth market of industrial digital printing, including service and consumables. Global incoming orders confirm that sales of digital printing solutions will already start increasing substantially from the coming financial year. According to market assessments, the global digital printing market that is accessible to HEIDELBERG will grow from its current level of around 5 billion euros to 7.5 billion euros in 2029.

As for lifecycle business, HEIDELBERG boasts the industry’s most comprehensive service network, with a presence in approximately 170 countries.

Packaging printing enjoying strong growth worldwide

The end-customer market for packaging has grown by more than 60 percent over the past ten years. HEIDELBERG, too, is benefiting from this development. The packaging segment accounts for more than 50 percent of the company’s sales, a figure that is set to increase further still. One market driver is the global trend toward replacing plastics, films, and foils with recyclable fiber-based packaging.

Hybrid print production boosts competitiveness

Autonomous printing processes that make printing businesses more efficient and save on resources used to be regarded as a futuristic vision, but that changed some time ago. HEIDELBERG introduced its Push to Stop concept for a printing process with minimal operator intervention back in 2016. The AI-assisted Prinect Touch Free workflow showcased at drupa 2024 assigns print jobs to the most efficient production method and output system on an automated basis. Besides offset and digital systems from
HEIDELBERG and third-party suppliers, it also covers postpress operations, all the way through to the finished final product. Controlling hybrid print production in this way makes print shops much more competitive.

Growth in industrial business and with green technologies

“In addition to this, we will be further expanding our portfolio for industrial business and the growing green technologies market. This includes key sectors such as high-precision mechanical engineering, the automotive industry, charging infrastructure, software, and new hydrogen technologies,” reveals Otto. Taking into account all strategic initiatives in the period to financial year 2028/2029, and in conjunction with enhanced performance and efficiency at both staff and organizational levels, HEIDELBERG sees overall growth potential amounting to over 300 million euros. “The achievements of HEIDELBERG over the past 175 years are impressive. We have every reason to be confident that our current market position, the expertise of our staff, and our global customer relationships will deliver further growth in the coming years,” emphasizes Otto.

2025 is all about the company’s anniversary

HEIDELBERG will be organizing numerous events to celebrate its anniversary year with customers, partners, politicians, and representatives of civil society. The highlight will be a week of celebrations in June, including an international ceremony at the company’s largest production site, in Wiesloch-Walldorf. The HEIDELBERG customer demonstration center has been redesigned as the “Home of Print” for this purpose.

The company is organizing family days for staff at various sites. HEIDELBERG is also publishing an anniversary magazine providing insights into the company’s past, present, and future. “The loyalty of HEIDELBERG customers, partners, and staff is a mainstay of the company’s success. The numerous anniversary activities throughout the year are our way of saying thank you to everyone. At the same time, we want to encourage a shared commitment to shaping the future,” says Dr. David Schmedding, Chief Technology & Sales Officer at HEIDELBERG.

Milestones in the history of HEIDELBERG

• 1850: The Hemmer, Hamm & Co. bell foundry and machine shop opens in Frankenthal on March 11, laying the foundations for the company now called Heidelberger Druckmaschinen AG.
• 1921: The first Heidelberger Tiegel is built. From 1926 onward, this automatic letterpress platen press was produced on an assembly line.
• By 1985, the company had manufactured over 160,000 of these presses.
• 1926: Hubert H.A. Sternberg is appointed to the board of Schnellpressen-fabrik Heidelberg AG, as the company is known at the time. He remained a board member until 1972 and really made his mark on HEIDELBERG. Sternberg modernized production and marketing operations and ensured the company’s growth. In 1949, he organized the first German export exhibition in the USA after the Second World War. In 1951, he then helped initiate drupa, the sector’s leading global trade show to this day.
• 1930: The demonstration vehicles set off. One of Sternberg’s marketing ideas was to demonstrate HEIDELBERG presses to potential customers at their premises. This involved assembling them on trucks or installing them in buses and sending them to target markets around the world, accompanied by engineers. Advertising campaigns and installment-based payment plans also contributed to the success of the company’s marketing.
• 1951: drupa proves a big hit with the public. The International Printing and Paper Exhibition, now known as drupa, attracted 300,000 visitors in its first year. HEIDELBERG presented an enhanced version of its successful Tiegel model. To protect against copycats, all the company’s presses had a manufacturer’s plate bearing the “Original Heidelberg” trademark.
• 1957: HEIDELBERG creates space to grow. Further expansion within the city of Heidelberg was impossible, but thanks to Sternberg’s strong commitment, the company was able to open what is still its largest production site, in Wiesloch, after a construction period of just one year.
• 1962: HEIDELBERG moves into the up-and-coming offset market with its small offset rotation press (in German: Kleine Offset Rotation, or KOR for short). In 1965, this was followed by the Rotaspeed, a larger sheetfed offset press. Then, in 1972, a large platen offset press (in German: Grosse Tiegel Offset, or GTO for short) was launched and proved a successful model for years to come.
• 1975: A name that says it all! The Speedmaster sheetfed offset press for multicolor printing revolutionized the market with its productivity. Operating at 11,000 sheets per hour, it became a bestseller and is, to this day, a cornerstone of the HEIDELBERG portfolio in the company’s traditional core business.
• 1999: HEIDELBERG acquires a 30 percent shareholding in the Swiss press manufacturer Gallus, a market leader in label printing, before taking over the company completely in 2014.
• 2000: HEIDELBERG transforms itself into a solution provider, expanding its prepress and postpress portfolios through targeted acquisitions. Prinect software ushered in the era of digitalization by networking the various machines in the workflow.
• 2004: HEIDELBERG takes a further key step toward digitalization, connecting a press to the Internet for the first time.
• 2005: The Chinese production site in the Qingpu district of Shanghai opens. Now a cornerstone of the company’s production network, it is becoming increasingly important.
• 2016: At drupa, HEIDELBERG introduces the Push to Stop concept, which only requires operator intervention if a problem occurs – the next logical step toward autonomous printing.
• 2018: Wallbox production starts in Wiesloch-Walldorf. The company subsequently founded a subsidiary called Amperfied that successfully tapped into a new area of business – the electromobility market.
• 2020: The company moves into robotics, with industrial robots driving the automation of the printing process, including postpress operations. This automation will also extend to other areas in the future.
• 2024: The new Jetfire 50 digital press developed in cooperation with Canon is unveiled at drupa 2024, offering industrial productivity in the growth area of digital printing.
• 2025: The company celebrates 175 years of HEIDELBERG and opens its redesigned customer demonstration center, now called the Home of Print, in Wiesloch-Walldorf. A clear growth strategy will take the company into the future.

You can read more about 175 years of HEIDELBERG and history on our anniversary website www.heidelberg.com/175, on the current Wikipedia page of the company, in the yearbook “150 years of Heidelberger Druckmaschinen AG” and “A Press Is Born”.
Hashtag: #HEIDELBERG

The issuer is solely responsible for the content of this announcement.

About HEIDELBERG

Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has been standing for innovation, quality, and reliability in mechanical engineering worldwide for 175 years. With a clear focus on growth and as a total solution provider, HEIDELBERG is driving further development in the core areas of packaging and digital printing, software solutions, and lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency.

The company is also focusing on expanding into new business areas such as high-precision plant engineering with integrated control systems, automation technology, robotics, and the growing green technologies sector. With its strong international presence in approximately 170 countries, the creative power and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the USA, and one of the largest global sales and service networks, the company is ideally positioned for future growth.

www.heidelberg.com

Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Important note:
This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.

The transparent LED panels are designed to allow light to pass through while displaying vibrant images, videos, and animations. With transparency levels ranging from 60% to 90%, they maintain the openness of a space, allowing them to integrate with glass facades or windows without obstructing natural light or visibility. These panels provide a unique opportunity for businesses to increase advertising space without compromising on natural light or architectural aesthetics. Additionally, the panels are energy-efficient and versatile, making them suitable for both indoor and outdoor use.

Apex Signages has already earned recognition for its digital signage offerings having worked with nine hotels under the Far East Organization and delivering building signage solutions for prominent projects such as the Yeo Eng Koon (YEK) Building. Beyond transparent LED panels, Apex Signages offers a range of products, including indoor and outdoor LED displays (featuring chip on board (COB), surface-mount device (SMD), and glue on board (GOB) technology), neon signage with no visible joint lines, and comprehensive office signage in Singapore.

Despite the high-end nature of transparent LED panels, with prices starting at $1,200 per square metre, Apex Signages aims to work towards implementing a 100% transparent pricing model on its website. The end goal is to make the purchasing process straightforward and stress-free by addressing the challenges of cost ambiguity and complexity in ordering.

With a robust portfolio and a commitment to innovation, Apex Signages continues to deliver cutting-edge signage in Singapore. Its dedication to transparency, customisation, and quality makes it a trusted partner for businesses looking to elevate their brand presence through modern signage solutions.

For more information about Apex Signages and its range of products, please visit https://apexsignages.com/.
Hashtag: #ApexSignages

The issuer is solely responsible for the content of this announcement.

Elevated luxury meets natural beauty in one of Indonesia’s most exciting travel destinations.

BANGKOK, THAILAND – Media OutReach Newswire – 11 March 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with PT Komodo Property Management to manage Kaliwatu Residences – Dusit Collection, an exclusive new luxury retreat in Labuan Bajo, Flores island, one of Indonesia’s fastest-growing tourism destinations. This signing marks Dusit’s first Dusit Collection branded hotel in Indonesia, complementing the success of its subsidiary, Elite Havens—the region’s premier luxury villa rental provider—which already manages properties in Bali and Lombok.

Located on the western tip of Flores, just 10 minutes by car from Komodo International Airport and the vibrant town of Badjo—the gateway to Komodo National Park, renowned for its legendary Komodo dragons and world-class diving—Kaliwatu Residences – Dusit Collection promises a serene escape in a private hillside setting, surrounded by natural beauty and offering panoramic sea views.

Developed in phases, with full completion scheduled for Q2 2028, the project will feature 63 spacious, well-appointed private villas with plunge pools, 194 contemporary apartments, and a clubhouse housing a restaurant, bars, shops, a gym, a spa, and a rooftop swimming pool.

As part of Dusit’s luxury Dusit Collection brand—dedicated to exceptional hotels and residences in iconic locations—the new property embodies sleek, contemporary architecture inspired by European style and standards. Each villa has been meticulously designed with unique shapes and orientations to blend seamlessly with its natural surroundings, ensuring an exclusive and immersive experience for guests.

Beyond its luxurious offerings, the property will provide easy access to Labuan Bajo’s rich cultural and natural attractions, including stunning pink beaches, fascinating underground caves, cascading waterfalls, breathtaking hiking trails with panoramic viewpoints, and extraordinary encounters with Komodo dragons—the world’s largest lizards—within Komodo National Park.

Recognised for its unique wildlife and pristine marine environment, Labuan Bajo has been designated the best of Indonesia’s five super priority destinations—with a target of attracting 1.5 million tourists annually. Ongoing infrastructure improvements, including recent upgrades to Komodo International Airport and new direct flights from Kuala Lumpur, Singapore (launching in March), and Perth, Australia (coming soon), are further elevating Labuan Bajo’s status as a premier destination for relaxation and adventure.

“The signing of Kaliwatu Residences – Dusit Collection marks a significant milestone in Dusit’s expansion strategy, strengthening our presence in Southeast Asia’s thriving luxury hospitality market,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “Labuan Bajo is an extraordinary destination with immense potential, and we are delighted to introduce our signature Thai-inspired gracious hospitality to this stunning location. This project embodies everything Dusit stands for—refined luxury, cultural richness, and a commitment to creating value for the wider community. We look forward to delivering an exceptional experience for our guests.”

Alessandro Mugavero, CEO, PT Komodo Property Management, said, “As Labuan Bajo cements its position as a premier global destination, this project is perfectly timed to set new standards in sustainable luxury hospitality. Our vision for Kaliwatu Residences – Dusit Collection is to create a sanctuary that harmonises with nature while delivering world-class amenities. With Dusit’s expertise and commitment to excellence, we are confident this collaboration will redefine the region’s hospitality landscape. The development and construction of the project are fully supported by local authorities and are being carried out in collaboration with the local community, further enhancing its positive impact on the local economy.”

With this latest addition, Dusit’s portfolio now spans 296 properties across 18 countries, including 57 operating under Dusit Hotels and Resorts and 239 luxury villas under Elite Havens. Kaliwatu Residences – Dusit Collection joins two other Dusit Collection properties currently in development: Layan Verde in Phuket (opening 2027) and Plaza De Zamboanga – Dusit Collection, Philippines (opening later this year).

For more information, please visit www.dusit.com

Hashtag: #dusit

The issuer is solely responsible for the content of this announcement.

About Dusit International

Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services.

Dusit International‘s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification.

For more information, please visit dusit-international.com

About Dusit Hotels and Resorts

Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit dusit.com

Under the MOU, VinFast and BNI will actively work together to accelerate Indonesia’s green transition and sustainable growth. The partnership will focus on investments into and the development of financial solutions supporting VinFast’s “For a Green Future” ecosystem and facilitating Indonesian consumers’ shift to electric mobility.

As a comprehensive strategic partner, BNI will provide advisory support, local experience and knowledge, and facilitate access to financing products and resources for VinFast and other related companies in the Vingroup ecosystem, as well as their business partners and customers.

Meanwhile, VinFast and other companies in the Vingroup ecosystem will offer exclusive privileges and special policies for BNI employees and partners, such as preferential pricing for VinFast EVs and related products/services; flexible financing schemes in collaboration with BNI to facilitate EV adoption and green mobility transition for BNI.

Together, VinFast and BNI will collaborate on awareness campaigns, events, and strategic partnerships to encourage EV adoption and enhance EV accessibility in Indonesia. These efforts will contribute strongly to the country’s Net Zero goals and long-term prosperity, while reinforcing the “Vietnam-Indonesia: Partnership for Progress and Prosperity”.

Mr. Agung Prabowo, Director Wholesale and International Banking BNI stated: “BNI is strongly committed to promoting green initiatives, eco-friendly solutions, and social responsibility. We are highly impressed by VinFast’s pioneering ‘For a Green Future’ ecosystem in Indonesia. With our shared goal of driving sustainable development, we believe this collaboration will not only unlock strategic business opportunities but also strengthen the long-term partnership between Indonesia and Vietnam, contributing to economic and social prosperity.”

Ms. Pham Thuy Linh, Deputy CEO of VinFast Global, commented: “We are honored to partner with BNI, a leading financial institution in Indonesia. VinFast is committed to making the transition to electric vehicles as convenient and worry-free as possible for Indonesian consumers. Through this collaboration, we aim to create meaningful value for society and drive Indonesia’s green and sustainable development.”

Since entering the Indonesian market just over a year ago, VinFast has made remarkable progress, including breaking ground on its assembly plant, introducing a diverse range of products, launching pioneering sales and after-sales policies, and rapidly expanding its dealership and service network across the country.

Notably, VinFast has partnered with GSM and V-GREEN to establish a complete and comprehensive “For a Green Future” ecosystem in Indonesia. This initiative is helping to build a cleaner, greener, and more prosperous future for the country while further strengthening the Vietnam-Indonesia partnership in pursuit of progress and shared prosperity.

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About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.

VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfastauto.id/

About BNI

PT Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia’s leading banks, is committed to providing various financial solutions for individuals and supporting business growth and success domestically and globally. With a dedication to building long-term partnerships, BNI offers a comprehensive suite of financial services, including capital loans, trade finance, cash management, project financing, and treasury.

BNI also supports Indonesian companies in expanding their global reach while assisting multinational corporations in entering the Indonesian market.

Learn more at: https://www.bni.co.id/