Link Real Estate Investment Trust : to Provide 3,000 Public EV Charging Points by 2024

• Link will provide 3,000 public EV charging points in its car parks across Hong Kong by the end of 2024
• In two years, Link is set to become Hong Kong's largest private provider of public EV charging points
• Strategic partnerships with Cornerstone Technologies Holdings Limited, Hong Kong EV Power Limited and Shell Hong Kong Limited have been established to achieve the target

Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Link REIT, Hong Kong stock code: 823), announced today (Thursday) that it aims to provide a total of 3,000 public electric vehicles (EV) charging points in its 113 car parks across various locations in Hong Kong by 2024, which would make Link Hong Kong's largest private provider of public EV charging points in two years. Diane Wong, Under Secretary for Environment and Ecology, joined Link's Chairman Nicholas Allen to officiate at the launch ceremony held in The Quayside today.

Nicholas Allen, Chairman of the Board of Link, said,

"The launch of Link EV Charging Programme marks an important milestone in Link's continuous pursuit of practising and driving sustainability at scale. We commit to reviewing the programme regularly to make sure that it is in line with the city's development and meets citizens' ever-changing needs."

In her speech, Diane Wong, Under Secretary for Environment and Ecology, said,

"To promote the adoption of electric vehicles, the government in 2021 published The Hong Kong Roadmap on Popularisation of Electric Vehicles. In the Policy Address this year, the Chief Executive echoed this by putting forward a number of measures to support the development of green transport. Over the past few years, number of new registration of private electric vehicles in Hong Kong has experienced rapid growth, having risen from 6% of overall new registration in 2019 to 45% over the first three quarters of 2022. This represented an almost 100% annual growth rate. Nevertheless, the building of a comprehensive EV charging network can only be achieved through the combined effort of both public and private sectors. We are pleased to see Link - and hopefully more companies in the future - supporting the government's initiatives and policies to promote green transport, and to implement facilitating measures for EV charging."

To achieve the target of having 3,000 EV charging points by 2024, Link will partner with three leading EV charging service providers - namely Cornerstone Technologies Holdings Limited (Hong Kong stock code: 8391), Hong Kong EV Power Limited and Shell Hong Kong Limited - as well as other providers to install multiple types of EV chargers, in addition to the existing 600 chargers, in 113 Link's car parks in various locations throughout Hong Kong.

In parallel with Link's commitment to helping reduce carbon emissions and promoting a low-carbon lifestyle among the community, Link's planned installation also echoes the Government's commitment - reiterated by Hong Kong Chief Executive John Lee Ka-chiu in his Policy Address - to achieving carbon neutrality before 2050 through the promotion of green transport, as well as popularisation of EVs as stated in the government's Hong Kong Roadmap on Popularisation of Electric Vehicles for attaining zero vehicular emissions before 2050. The programme demonstrates Link's commitment to contributing its part in powering Hong Kong's rapid transition into a greener and smarter city.

High resolution pictures can be downloaded here.

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About Link

Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823) is the largest REIT in Asia. It is managed by Link Asset Management Limited, a leading real estate investor and asset manager in the world. Since its listing in 2005 as the first REIT in Hong Kong, Link REIT has been 100% held by public and institutional investors. It is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. From its home in Hong Kong, Link Asset Management Limited owns and manages a diversified portfolio including retail facilities, car parks, offices and logistics assets spanning from China's Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, to the UK's London and Australia's Sydney and Melbourne. Link Asset Management Limited seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of sustainable growth.

For details, please visit https://www.linkreit.com.

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