SHKP Sustainability Report 2024/25

Appendix X – Independent Assurance Opinion Statement Sun Hung Kai Properties Limited Sustainability Report 2024/25 The British Standards Institution is independent to Sun Hung Kai Properties Limited (hereafter referred to as “SHKP” in this statement) and has no financial interest in the operation of SHKP other than for the assessment and assurance of SHKP Sustainability Report 2024/25 (“Report”). This independent assurance opinion statement has been prepared for SHKP only for the purposes of assuring its statements relating to the Report, more particularly described in the Scope below. It was not prepared for any other purpose. The British Standards Institution will not, in providing this independent assurance opinion statement, accept or assume responsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used, or to any person by whom the independent assurance opinion statement may be read. This statement is intended to be used by stakeholders and management of SHKP. This independent assurance opinion statement is prepared on the basis of review by the British Standards Institution of information presented to it by SHKP. The review does not extend beyond such information and is solely based on it. In performing such review, the British Standards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this independent assurance opinion statement or matters relating to it should be addressed to SHKP only. Scope The scope of engagement agreed upon with SHKP includes the following: 1 The assurance covers all information and data presented in the Report, and focuses on systems and activities of SHKP and its wholly- owned subsidiaries (“the Group”) in Hong Kong, including property management, construction, hotel and non-property portfolio businesses (including: air cargo consolidation centre; container and cargo handling services; telecommunication services; data centre services; provider of transport infrastructure asset management and smart mobility solutions; department store and supermarket during the period from 1st July 2024 to 30th June 2025. The Report is prepared in accordance with the previous version of Hong Kong Stock Exchange’s (“HKEx”) Environmental, Social and Governance Reporting Code (“ESG Code”) (effective up to 31st December 2024, formerly known as the ESG Reporting Guide) and the GRI Sustainability Reporting Standards (“GRI Standards”), and with reference to the ten principles of the United Nations Global Compact (“UNGC”). 2 Type 1 Moderate Level of Assurance in accordance with the AA1000 Assurance Standard v3 (“AA1000AS v3”) evaluates the nature and extent of SHKP’s adherence to four reporting principles, which include Inclusivity, Materiality, Responsiveness and Impact. The specified sustainability performance information/data disclosed in the Report has been evaluated. Opinion Statement We conclude that the Report provides a fair view of the SHKP’s sustainability programmes and performances in the reporting year. We believe that the economic, social and environmental performance indicators are fairly represented in the Report, in which SHKP’s efforts being made to pursue sustainable development are widely recognized by its stakeholders. Our work was carried out by a team of sustainability report assurors in accordance with AA1000AS v3. We planned and performed this part of our work to obtain the necessary information and explanations. We considered SHKP has provided sufficient evidence that SHKP’s self-declaration of compliance with the previous version of HKEx ESG Code and the GRI Standards, and with reference to the ten principles of the UNGC were fairly stated. Methodology Our work was designed to gather evidence on which to base our conclusion. We undertook the following activities: A top level review of issues raised by external parties that could be relevant to SHKP’s policies to provide a check on the appropriateness of statements made in the Report Discussion with senior executives on SHKP’s approach to stakeholder engagement. We had no direct contact with external stakeholders Interview with staff involved in sustainability management, report preparation and provision of report information Review and assessment of the double materiality assessment process Review of key developments of the Group Review of supporting evidence for claims made in the Report Review of environmental, social and governance data, including the target progress achieved An assessment of the Group’s reporting and management processes concerning this Report against the principles of Inclusivity, Materiality, Responsiveness and Impact Conclusions A detailed review against the AA1000AP (2018) Principles of Inclusivity, Materiality, Responsiveness and Impact, and in accordance with the previous version of HKEx ESG Code and GRI Standards and the ten principles of the UNGC is set out below: Inclusivity The Report has reflected a fact that SHKP is seeking the engagement of its stakeholders through numerous channels such as apps from property management, concierge, retail stores, call centres, customer hotline, online and mobile phone applications, customer satisfaction surveys, e-mail, Go Royal, SHKP Club, The Point by SHKP, website and social media, industry forums, interviews, analyst briefings and annual general meetings, annual and interim reports, investor forums and conferences, investor meetings and conference calls, investor relations page on SHKP’s 108 website, overseas roadshows, audits and assessments, meetings, ongoing direct engagements, online tendering system, supplier assessment, vendor portal e-platform, press conferences, real estate industry trade associations and advisory groups, community programmes run by the SHKP Reading Club, SHKP Hong Kong Cyclothon, SHKP Building Homes with Hearts charity programmes by the SHKP Volunteer Team, visits to charities on programmes supported by Group donations, public consultation, employee engagement activities, intranet, performance review, Quality- Raising Suggestion Scheme, SHKP Quality Academy, staff surveys, training, Work Safety Suggestion Scheme, and more. SHKP’s operation involves various methods of engaging its stakeholders on daily basis. The Report covers economic, social and environmental aspects concerned by its stakeholder with a fair level of disclosures. In our professional opinion, SHKP adheres to the principle of Inclusivity. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. Materiality SHKP publishes sustainability information that enables its stakeholders to make informed judgments about the company’s management and performance. In our professional opinion, SHKP adheres to the principle of Materiality and identifies SHKP’s material aspects by using appropriate method of double materiality analysis and demonstrating material issues in a matrix form. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. Responsiveness SHKP has implemented practices to respond to the expectations and perceptions of its stakeholders. It includes various surveys and feedback mechanisms to both internal and external stakeholders. In our professional opinion, SHKP adheres to the principle of Responsiveness. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. Impact SHKP has established processes to understand, measure and evaluate its impacts in qualitative and quantitative way. These processes enable SHKP to assess its impact and disclose them in the Report. In our professional opinion, SHKP adheres to the principle of Impact. Areas for enhancement of the Report were adopted by SHKP before the issue of this opinion statement. HKEx ESG Reporting Code Based on our verification review, we are able to confirm that social responsibility and sustainability related key performance indicators and disclosures in two ESG subject areas (Environmental and Social) being reported are based on the previous version of HKEx ESG Code. In our professional opinion, the Report covers the SHKP’s social responsibility and sustainability issues. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. GRI Standards Reporting SHKP provided us with their self-declaration of compliance with to report in accordance with GRI Standards. Based on our verification review, we are able to confirm that social responsibility and sustainability related disclosures in all three categories (Environmental, Social and Economic) are reported with reference to “In accordance” with the GRI Standards. In our professional opinion, the report covers SHKP’s social responsibility and sustainability issues. Areas for enhancement of the Report were adopted by SHKP before the issue of this opinion statement. Assurance Level The Type 1 Moderate Level of Assurance provided in our review is defined by the scope and methodology described in this statement. Responsibility It is the responsibility of SHKP’s senior management to ensure the information being presented in the Report is accurate. Our responsibility is to provide an independent assurance opinion statement to stakeholders giving our professional opinion based on the scope and methodology described. Competency and Independence The assurance team was composed of Lead Auditors, who are experienced in real estate sector, and trained in a range of sustainability, environmental and social standards including GRI G3, GRI G3.1, GRI G4, GRI Standards, GRI Certified Sustainability Professional, AA1000 Certified Sustainability Assurance Practitioner (CSAP), HKEx ESG Code, HKEx ESG Guide, UNGC’s Ten Principles, ISO 10002, ISO 14001, OHSAS 18001, ISO 45001 and ISO 9001, etc. British Standards Institution is a leading global standards and assessment body founded in 1901. The assurance is carried out in line with the BSI Fair Trading Code of Practice. For and on behalf of BSI: Dr. Tatiana Schmollack-Tarasova, Managing Director Greater China, APAC Assurance Verifier of the Report: Mr. Aaron Chim Lead Assuror 22nd September 2025 Statement No.: SRA-HK-825330a This statement was prepared in English and translated into Chinese for reference only. Our Reporting Approach Message from the Sustainability Steering Committee Our Business Our Approach to Sustainability Value Created for the ENVIRONMENT Value Created for PEOPLE Value Created for CUSTOMERS Value Created for SUPPLY CHAIN Value Created for COMMUNITY Appendix X Sun Hung Kai Properties Limited | Sustainability Report 2024/25