Asia-Pacific Strategic Investments Limited - Annual Report 2021

The impact of COVID-19 has had far reaching impact on the global economy, causing businesses around the world to reflect, reimagine, and reset their existing growth strategies and even corporate structures in order to outlast the pandemic. At Asia-Pacific Strategic Investments Limited (“APS” or the “Group”), we have also taken time to re-chart the best way forward for our current portfolio - a hotel already in operation and a sizable plot of land in Huzhou, Zhejiang Province. We are confident that our revised plans will position the Group well to take hold of opportunities resulting from China’s rapidly ageing population as well as the strong demand for local tourism, especially cultural tourism. To reflect these changes, we have renamed our development project “Project Phoenix” 凤凰洲项目 , and our 113-room riverside boutique hotel is now known as Anatole by Landison Hotel Huzhou (“Landison Hotel”) 湖州雷迪森怿曼酒店 as a result of its hotel brand franchise agreement with Zhejiang Tourism Investment Hotel Group 浙江浙旅投酒 店集团有限公司 , one of China’s largest with 157 hotels under its management. Our vision for Project Phoenix goes beyond filling the gap in China’s senior housing shortage - we are determined to forge a reputation for APS to become a choice partner for integrated active ageing retirement townships offering a comprehensive range of services and activities for seniors as well as their families when they visit. In addition, tourists on a cultural visit to Huzhou and nearby attractions will find our Landison Hotel conveniently located and luxuriously comfortable for their stopover stay. In forging these new paths to create value for shareholders, we will remain open to evaluate other investment opportunities that may arise to push ahead and establish a strong brand reputation in the hospitality and retirement village sectors for APS in China and Southeast Asia. FORGING NEW PATHS

ANNUAL REPORT 2021

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