Forest Logistics Properties received the '2023 Influential Logistics Properties Investment and Operation Enterprise'

On August 8, 2023, the Boao Real Estate Forum with the theme "Breaking Through the Great Transformation" was held in Hainan, China. Forest Co-founder and CEO, Hank Hsu, participated in the forum and exchanged views on topics such as "Real Estate Industry under the Background of Industrial Upgrading and Technological Innovation," "Pre-REITs," "C-REITs," and shared high-quality logistics solutions with industry peers.

At the annual Boao Real Estate Forum, the "Influence Index: 2023 Boao Influential Enterprise Performance" was officially released. Based on the research results of the professional "Influence Index System", Forest Logistics Properties was selected as the "2023 Influential Logistics Properties Investment and Operation Enterprise", demonstrating its worthy recognition and acknowledgment for its outstanding performance in the real estate industry.

In 2023, various industries are facing unprecedented challenges, and the real estate sector is no exception, urgently needing a breakthrough to adapt to change, seize new opportunities, and initiate a fresh phase of transformation and advancement. Forest is actively engaged in strategic planning and deployment for key cities while optimizing its network strategy. Forest manages over two million square meters of assets in regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, Greater Bay Area, and others. It invests strategically in alignment with China's urbanization and internal circulation development. Leveraging its extensive experience in real estate investment management, Forest employs sound policies and rigorous risk control measures in leasing management, capital management, facility management, and cost and risk control system management for its existing assets. 

At the same time, Forest is actively implementing the ESG principles and is dedicated to implementing digital and visual management in all parks under management, aiming to provide customers with higher-quality services and achieve cost reduction and efficiency improvement. By the end of 2023, Forest plans to complete photovoltaic installations in six projects, anticipating a 15% reduction in electricity costs and an approximately 11% decrease in carbon emissions. Forest is committed to constructing eco-friendly buildings, adhering to both local and international standards, and comprehensively integrating the ESG principles. This approach empowers business transformation, upgrades, and high-quality development. 

In the future, Forest will continue to leverage its investment, development and operational advantages within the modern logistics facility sector. Forest will persist in delivering high-quality services and solutions to its customers, leading industry development, and enabling customers to achieve substantial growth.