HONGKONG LAND HOLDINGS LIMITED ANNUAL

Market Risk

iii) Liquidity risk Prudent liquidity risk management includes managing the profile of debt maturities and funding sources, maintaining sufficient cash, and ensuring the availability of funding from an adequate amount of committed credit facilities and the ability to close out market positions. The Group’s ability to fund its existing and prospective debt requirements is managed by maintaining diversified funding sources with adequate committed funding lines from high quality lenders, and by monitoring rolling short-term forecasts of the Group’s cash and gross debt on the basis of expected cash flows. In addition long-term cash flows are projected to assist with the Group’s long-term debt financing plans. At 31 December 2025, total committed and uncommitted borrowing facilities amounted to US$7,102.8 million (2024: US$8,340.6 million) of which US$6,141.7 million (2024: US$6,165.3 million) was drawn down. Undrawn committed facilities, in the form of revolving credit and term loan facilities, totalled US$898.5 million (2024: US$1,970.9 million) . Undrawn uncommitted facilities in the form of revolving credit loan facilities, amounted to US$62.6 million (2024: US$204.4 million) . The following table analyses the Group’s non-derivative financial liabilities, including borrowings, trade and other creditors, tenants’ deposits, lease liabilities and gross-settled financial instruments into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date. Derivative financial liabilities are included in the analysis if their contractual maturities are essential for an understanding of the timing of the cash flows. The amounts disclosed in the table are the contractual undiscounted cash flows. Within one year Between one and two years Between two and three years Between three and four years Between four and five years Beyond five years Total undiscounted cash flows US$ m US$ m US$ m US$ m US$ m US$ m US$ m 2025 Borrowings 505.7 1,086.6 1,298.8 640.6 907.7 2,744.7 7,184.1 Creditors 1,147.5 1,132.9 35.8 14.1 29.1 109.8 2,469.2 Gross settled derivative financial instruments – inflow 213.0 49.5 49.5 49.5 639.3 959.4 1,960.2 – outflow (279.4) (50.1) (50.1) (50.1) (636.6) (958.6) (2,024.9) 2024 Borrowings 1,033.9 629.1 951.4 734.1 443.8 3,548.8 7,341.1 Creditors 1,343.6 891.1 38.0 20.4 9.5 44.5 2,347.1 Gross settled deriv