House hotels completed. The major renovation of Vienna House Easy Cracow, Vienna House Easy Bucharest, Vienna House Diplomat Prague and Vienna House Amber Baltic were completed in 2Q 2019. 24 May 2019

shares and warrants of U City via private placement and a rights offering and (iii) the disposal of certain non-core assets 22 January 2018: The Company completed the private placement of 26,384mn

SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE 99% BLENDED OCCUPANCY UNDERWOOD STREET RENOVATION COMPLETED Renovation of Underwood Street office building was completed in

measurement of goodwill of the hotel business in Europe was completed this quarter. The revenue growth was chiefly attributed to (i) the full quarter consolidation of the acquired hotel business in Europe

measurement of the identifiable assets acquired and the liabilities assumed at the acquisition date, and the measurement of goodwill of the hotel business in Europe was completed last quarter. The revenue

SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE NEWLY RENOVATED UNDERWOOD STREET OFFICE Renovation of Underwood Street office building was completed in early February 2019

House hotels The major renovation of Vienna House Easy Cracow, Vienna House Easy Bucharest, Vienna House Diplomat Prague and Vienna House Amber Baltic were completed and returned to operation in 2Q 2019

AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 5 U CITY PCL OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE OFFICE

of 638 keys (5 hotels). The increase was partially offset by the discontinuance in operations of the 1,421 keys (9 managed hotels). OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA

accordance with the second paragraph shall be completed within three months from the end of each accounting period. For each financial year, such preparation shall be completed within twenty-one days from the