Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 110 MAJOR PROJECTS Project Name: Queen’s Wharf Development Address: Queen’s Wharf District: Central Business District, Brisbane Property Website: www.destinationbrisbaneconsortium.com.au Approximate Saleable Floor Area (sq. ft.): 1,575,000 Number of Residential Units: Towers 4, 5 and 6: approximately 2,000 Number of Hotel Rooms: 4 hotels with approximately 900 rooms Expected Launch Time: Tower 4: FY2020 Towers 5 and 6: Planning Expected Completion: Tower 4: FY2022 Towers 5 and 6: Planning Building Floors (including retail area): Tower 4: max. 67 storeys Tower 5: max. 63 storeys Tower 6: max. 50 storeys Planning and Design: The project comprises both the integrated resort component and the residential component and encompasses approximately 2,940,000 sq.ft ., with approximately 1,290,000 sq.ft . being over land and approximately 1,650,000 sq.ft . being over river, consisting of three residential towers comprising approximately 2,000 apartments, 4 world class hotels, high- end food and commercial outlets and a casino in Brisbane’s prime waterfront district. Geographical Environment: Given the CBD location of the project, the surrounding uses include a broad range of tourism, and education activities, in addition to the commercial and retail activities of the CBD itself. These include: • Cultural Precinct (opposite the site, adjoining the Victoria Bridge) – which includes the Queensland Performing Arts Centre (QPAC), Queensland Conservatorium, Queensland Museum and Science Centre, the State Library, the QAGOMA and the Brisbane Entertainment and Convention Centre (BECC); • South Bank (directly opposite the site on the southern bank of the Brisbane River) – the parklands, retail and dining throughout the precinct (focused on Little Stanley Street and the waterfront) and the entertainment facilities within and surrounding the parklands; • QUT (adjoining the site to the south-east) – QUT is located to the south-east of the site, and will be connected to the QWBIRD by the proposed boardwalk and upgraded Bicentennial Bikeway; • Queen Street Mall – the retail heart of the CBD; and • CBD – the core of the city, providing for principal business and administration functions, complemented by a wider range of uses including retail, entertainment, education and residential. Project Highlight: The renewal of Queen’s Wharf Brisbane represents a once- in-a-generation opportunity to shape the future vibrancy and success of almost 20% of the city centre, to deliver integrated mixed-use development on a scale rarely seen in Australia, to unlock the river front of the ‘river city’, and, significantly, an opportunity to breathe life into what is arguably the greatest collection of heritage buildings and places in Australia. Remarks: The Group has 50% stake of the residential component and 25% stake of the integrated resort component (excluding the Ritz-Carlton Hotel) of the project. Brisbane, Australia