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JAN 16 Message from the Chairman Study 2

As we begin the year anew, we reflect on how 2022 has been a banner year for APREA and consider what lies ahead for the real assets industry.

The past year has certainly been a challenge, with geopolitical shifts, rising inflation, and volatility in the financial markets that impacted the global economy. Despite uncertainties, we at APREA have successfully navigated through the tides and emerged from the pandemic even stronger than ever.

In 2022, we resumed  in-person events that have provided a much-needed platform for our members to exchange ideas and reconnect with each other. With ESG as a byword for investors, we have ramped up our efforts to educate and elevate our stakeholders. We worked closely with leaders in ESG across APAC, and this has culminated in the launch of the pioneering APREA ESG Guidebook for Real Assets in Asia Pacific. Our membership base remains robust, as we prepare for another year in a vastly changed post-pandemic landscape.

Buoyed by the long-awaited reopening of China and recovering demand in India and Southeast Asia, Asia Pacific remains as the world's fastest-growing region. Looking ahead, the region is a bright spot for investors, offering broad and diverse investment opportunities in the real assets sector.

We recognise that this optimism must be tempered with caution, as countries still face significant headwinds in varying degrees. We are committed to guiding and engaging our members through our carefully curated initiatives that aim to drive the future of the real assets industry.

I draw strength from our APREA members all over Asia and beyond, who are the most steadfast and enthusiastic people I know. We wish everyone a prosperous and fruitful 2023, and we look forward to collaborating with all of you for years to come!

John Lim
Chairman, APREA

Board Member and Senior Advisor, ESR Group
Chairman, JL Family Office