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Cartis diligence evidence schedule

SUNeVision MEGA IDC

PRJ-1282 · Site · Tseung Kwan O, Hong Kong SAR China

Record last updated Oct 29, 2026

Scope and capacity

SUNeVision MEGA IDC in Tseung Kwan O has a conservative 180 MW full-build IT design, not operating capacity. Phase One launched in 2024 with 50 MW. The 2025/26 report forecasts occupancy rising from about 30% toward or above 70% as customer implementation proceeds, not achieved occupancy. Combined remaining phases target 2028 readiness, superseding the earlier 2026/27 schedule. MEGA Plus and TKO Connect are network links, not additional campus buildings. Current energized load and project-specific debt allocation remain unverified; SUNeVision’s group-wide expansion must not be assigned to this site.

Headline: 180 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Jump to a claim (7)

Target IT capacity MW · 180 MW

Planned / design or future potential · SUNeVision MEGA IDC (Project)

Claim 160755 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Interim Results Announcement for the six months ended 31 December 2025

    SUNeVision Holdings Ltd. · Document date: Feb 25, 2026 · Corroborating

    Source reference: SRC-8090 · Company announcement · Recorded authority: Party primary

    Source URL

    https://doc.irasia.com/listco/hk/sunevision/interim/2026/int.pdf

  2. MEGA IDC

    SUNeVision Holdings Ltd. · Document date: Not stated · Primary

    Source reference: SRC-8089 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.newdc.sunevision.com/sunevision-data-centres/mega-idc

Site location · 297 Wan Po Road, Tseung Kwan O, New Territories, Hong Kong.

Reported rounded · SUNeVision MEGA IDC (Project)

Claim 160756 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. MEGA IDC

    SUNeVision Holdings Ltd. · Document date: Not stated · Primary

    Source reference: SRC-8089 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.newdc.sunevision.com/sunevision-data-centres/mega-idc

Historical first phase capacity MW · 50 MW

Planned / design or future potential · SUNeVision MEGA IDC (Project)

Claim 160757 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. SUNeVision Holdings Ltd. Annual Report 2025/26

    SUNeVision Holdings Ltd. · Document date: Sep 22, 2026 · Corroborating

    Source reference: SRC-8093 · Company announcement · Recorded authority: Party primary

    Source URL

    https://cdn.financialreports.eu/financialreports/media/filings/50091/2026/RNS/50091_rns_2026-09-22_5c8eafdb-6f25-49f2-8880-84e0fcc94dc1.pdf

  2. Interim Results Announcement for the six months ended 31 December 2025

    SUNeVision Holdings Ltd. · Document date: Feb 25, 2026 · Primary

    Source reference: SRC-8090 · Company announcement · Recorded authority: Party primary

    Source URL

    https://doc.irasia.com/listco/hk/sunevision/interim/2026/int.pdf

Land and site control context · Secure land tenure on land approved for data centre use, without neighbouring industrial estate subletting restrictions. Legal title holder and lease term not independently checked.

Reported rounded · SUNeVision MEGA IDC (Project)

Claim 160758 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. Interim Results Announcement for the six months ended 31 December 2025

    SUNeVision Holdings Ltd. · Document date: Feb 25, 2026 · Primary

    Source reference: SRC-8090 · Company announcement · Recorded authority: Party primary

    Source URL

    https://doc.irasia.com/listco/hk/sunevision/interim/2026/int.pdf

Reviewed sun phase1 area context · SUNeVision’s 2025/26 annual report describes MEGA IDC Phase One as approximately 500,000 square feet of gross floor area and 50 MW of power capacity. This is a dated operator specification, not measured occupied load; the report’s group wide 150-to-280 MW expansion must not be assigned to this campus.

Source report · SUNeVision MEGA IDC (Project)

Claim 162638 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. SUNeVision Holdings Ltd. Annual Report 2025/26

    SUNeVision Holdings Ltd. · Document date: Sep 22, 2026 · Primary

    Source reference: SRC-8093 · Company announcement · Recorded authority: Party primary

    Source URL

    https://cdn.financialreports.eu/financialreports/media/filings/50091/2026/RNS/50091_rns_2026-09-22_5c8eafdb-6f25-49f2-8880-84e0fcc94dc1.pdf

Reviewed sun occupancy forecast context · The 2025/26 report expects a major customer commitment to raise MEGA IDC Phase One occupancy from approximately 30% to around 70% upon full implementation. Its Chairman describes move in as in progress and expects occupancy above 70%. These are prospective implementation statements, not achieved 70% occupancy or occupied electrical load.

Source report · SUNeVision MEGA IDC (Project)

Claim 162639 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. SUNeVision Holdings Ltd. Annual Report 2025/26

    SUNeVision Holdings Ltd. · Document date: Sep 22, 2026 · Primary

    Source reference: SRC-8093 · Company announcement · Recorded authority: Party primary

    Source URL

    https://cdn.financialreports.eu/financialreports/media/filings/50091/2026/RNS/50091_rns_2026-09-22_5c8eafdb-6f25-49f2-8880-84e0fcc94dc1.pdf

Reviewed sun phase2 area context · In the 2025/26 report, SUNeVision plans to combine the formerly staged Phase 2a and Phase 2b into one development, targeting readiness in 2028 and approximately 700,000 square feet of data centre space. This is a development forecast, not completed delivery.

Source report · SUNeVision MEGA IDC (Project)

Claim 162640 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. SUNeVision Holdings Ltd. Annual Report 2025/26

    SUNeVision Holdings Ltd. · Document date: Sep 22, 2026 · Primary

    Source reference: SRC-8093 · Company announcement · Recorded authority: Party primary

    Source URL

    https://cdn.financialreports.eu/financialreports/media/filings/50091/2026/RNS/50091_rns_2026-09-22_5c8eafdb-6f25-49f2-8880-84e0fcc94dc1.pdf

Counterparties and capital

SUNeVision · Developer, Operator · CMP-1722

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.