ESR Group ("ESR" or "the Company", collectively referred to as "the Group" including subsidiaries, with stock code HKSE 1821) is a leader in the development and management of New Economy real estate, including warehouses and factories in the Asia-Pacific region. The ESR Asia Suvarnabhumi project offers a total rental area of 363,000 square meters, with Phase 1 fully leased to four multinational tenants from Japan and the United States.

Currently, ESR Asia Suvarnabhumi houses NX Logistics (Thailand), a logistics provider for major automotive manufacturers; Nichiyori (Thailand), a producer of premium molded paper packaging for luxury goods; and Amphenol Corporation, a manufacturer of electronic modules for popular electric vehicle producers. Additionally, ESR is constructing a factory tailored to the specific needs of Kobayashi Pharmaceutical Manufacturing (Thailand) Co., Ltd., with completion expected in the second quarter of 2025.

The ESR Asia Suvarnabhumi project offers rental spaces in both ready-built formats for quick business operations and built-to-suit designs to meet specific customer requirements, all under a user-centered design philosophy.

The four aforementioned tenants are expected to create approximately 1,000 jobs, including roles related to asset management and ancillary services provided by ESR, as well as jobs created by ESR's clients during their operations.

ESR emphasizes environmentally friendly building designs, incorporating translucent roofing to bring natural light into the buildings during the day, thus saving energy. The infrastructure is designed to support electric vehicle charging stations for both trucks and personal vehicles. Furthermore, ESR is working on installing solar panels on the buildings and plans to trial solar-powered streetlights within the ESR Asia Suvarnabhumi project to assess their feasibility for larger-scale use in the future. Importantly, ESR has fully integrated human-centered features to promote the principles of bioeconomy, circular economy, and green economy (BCG) in Thailand.

Mr. Jaikuma Kamlesh Miahpuri, CEO of ESR Group for Southeast Asia, stated, "Sustainable and efficient real estate development is how ESR promotes the growth potential of the country and attracts investment that stimulates the local economy. Our long-term investment in Thailand, which has the second-largest economy in Southeast Asia, will enhance Thailand's supply chain infrastructure to meet the increasing demand from ESR's clients, both domestic operators and multinational companies. These operators are not only looking for the right industrial space but also high-quality logistics to support their operations. Our investment partners will benefit from the closed and fully integrated investment solutions we apply across our operational network, allowing them to access regional markets extensively."

Thailand is a crucial part of ESR's business growth strategy in Southeast Asia, focusing on seizing opportunities from the region's rapid growth, which is among the fastest in the world. ESR has over 3 million square meters of industrial and logistics real estate in Southeast Asia, making it a leader in asset management and development in the region, covering Thailand, Indonesia, Vietnam, Malaysia, and Singapore, which are key markets for growth.

Mr. Siam Thongkrabil, CEO of ESR Group Thailand, added, "We thank NX Logistics, Nichiyori, Amphenol Corporation, and Kobayashi Pharmaceutical Manufacturing for becoming partners with a vision to drive Thailand's growth together. ESR Asia Suvarnabhumi is our first project developed in Thailand, providing us the opportunity to demonstrate how we invest, operate, and collaborate with stakeholders. Our holistic operational approach, which assigns expert teams to oversee project development, capital management, and the entire asset lifecycle, sets us apart from other operators, allowing us to better serve investors and clients."

Currently, ESR is negotiating with several other clients interested in leasing space in the next phase of ESR Asia Suvarnabhumi, with project development considering customer needs and space requirements.

The assets managed by ESR in Thailand are valued at nearly $215 million, encompassing approximately 130,000 square meters (including completed and ongoing projects) across three projects: "ESR Asia Suvarnabhumi," "ESR Asia Laem Chabang," "ESR Asia Bo Win," and "ESR Asia Wang Noi." ESR aims to expand its logistics and industrial asset footprint in Thailand to approximately 2 million square meters within five years, representing an investment value of around $1 billion, driving business growth in Southeast Asia and increasing its market leadership across various countries.

About ESR

ESR is the largest real estate manager in Southeast Asia under the New Economy concept and the third-largest publicly listed real estate investment management company in the world, with over $150 billion in assets under management. Our development and investment management platform operates in key markets in the region, including China, Japan, South Korea, Australia, Singapore, India, New Zealand, and Southeast Asia, accounting for 95% of the region's GDP. Additionally, the company has begun expanding its business into Europe and the United States. ESR also provides solutions and investment opportunities in real estate and property development to meet the diverse needs of new economy businesses through private fund operations, allowing investment partners and clients to capitalize on growth trends in the Asia-Pacific region. ESR is the largest REIT fund manager in the Asia-Pacific region, managing approximately $45 billion in assets. Our key operational mission is to create space and investment solutions for a sustainable future, driving us to focus on results and sustainability while considering the environment and surrounding communities as key stakeholders in our business. ESR is listed on the Hong Kong Stock Exchange and is included in the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index, and MSCI Hong Kong Index.

For more information about ESR, please visit www.esr.com.