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APPENDIX III VALUATION REPORT ON SELECTED PROPERTY INTERESTS The following is the text of a letter, summary of valuations and valuation certificates prepared for the purpose of incorporation in this Prospectus received
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Document Date: 2015-03-23 20:02:15

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City

Tokyo / Fukushima-ken / Fukushima / /

Company

Niraku Corporation / DTZ Debenham Tie Leung Limited / NEXIA Inc. / NIRAKU GC HOLDINGS INC. / /

Country

Japan / /

Facility

Japan hotel / The Hong Kong Institute of Surveyors / centre of Koriyama / Koriyama station / Koriyama City Hotel / Nomurasyoken Building / Pachinko hall / Kong Institute of Surveyors / Capitalisation Rate Hotel / /

IndustryTerm

steel economy hotel / retail premises / steel monthly rent / ancillary retail / car parking spaces / /

MusicGroup

the Group / /

Organization

Royal Institution of Chartered Surveyors / Hong Kong Institute of Surveyors / /

Person

Hiroaki Honda / Yasunobu Uehara / Andrew K.F. Chan / Yasuhiro Takebe / Valuation / /

Position

Registered Professional Surveyor / Director / General / /

Region

Central Hong Kong / /

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