Spring Real Estate Investment Trust announced unaudited operating results for the quarter ended 31 March 2024. For the quarter, the CCP Property achieved an average monthly passing rent of approximately RMB 348 per square meter ("sqm"), representing a 0.6% decrease from that of the previous quarter, and the average occupancy rate was approximately 89%, representing a decrease of 2 percentage point from that of the previous quarter. The Huizhou Property achieved an average monthly rent of approximately RMB 178 per sqm, of which the fixed component amounted to RMB 152 per sqm (4Q 2023: RMB 148 per sqm) and variable component amounted to RMB 26 per sqm (4Q 2023: RMB 25 per sqm), representing an increase of 2.9% from that of the previous quarter, and the average occupancy rate was approximately 99%, representing an increase of 1 percentage point from that of the previous quarter.