CBRE's 2025 China Office Occupier Survey found that the tech,finance and consumption sectors will be the major growth drivers of office space leasing demand in the next three years, with net expansionary intentions reaching 24%, 17% and 13% respectively, higher than the industry average of 11%. These three industries accounted for 68% of new leases signed in 2025. of 'Artificial Intelligence+". The document clearly stated that by 2027, the application penetration rate of new generation intelligent terminals and agents willexceed 70%. CBRE's analysis of public y-0-y in 2025. Supported by government incentives and strong capital inflows, CBRE expects artificial intelligence to underpin tech industry expansion in Beijing, Shenzhen, Shanghai, Hangzhou, Chengdu and other tech-oriented cities in 2026. China's stock index hit a 10-year high in January 2026. Over the course of this year, the IPO financing market is expected to be active, while the rapid development of new businesses such financial institutions such as securities funds. number of newly registered consumer service-related enterprises in China such as fitness, medical beauty and health care reached 1.13 million in 2025. Under the double impetus of income sports and entertainment, and hospitality and catering. Source: NBS, public information, 2025 China Office Occupier Survey, CBRE Research, January 2026 growth and an aging population, leasing demand from service consumption enterprises such as medical care, education, recreation and sports will continue to grow. Other tailwinds willcome Note 1: Fundraising related to artifical itelience, integrated circuit and robotics.