Page 137 - KGR 2020-21 Annual Report

NODE A - AMAN

RESULTS

KPI 1 | INVESTMENT FUNDING

Due diligence is advanced at the time of this report, and the investors and Aman are concluding the Hotel
Management Agreement’s detailed terms and establishing the final levels of Aman investment into the project.

KPI 2 | LAND USE RIGHTS ACQUISITION

A step plan for the transitional ownership of the Balule DUAT from the Karingani Founders to the incoming land
investment and development group continues to be undertaken in alignment with the incoming investment group’s
due diligence for the Node A acquisition.

KPI 3 | BRAND OPERATOR DILIGENCE

AND COMMITMENT

Milton Group continue to work through due diligence with Aman, including performance proformas, occupancy
forecasts, sales and marketing strategies and Aman’s desire to invest directly into the project.

KPI 4 | DELIVERY

As Aman have considered an investment into this project, construction cost plans and sustainable development
guidelines have been shared with the Aman development team. These principles of sustainable construction will
form a term of reference when selecting and appointing the professional team at the time of project funding being
in place.

NATURAL CAPITAL, SOCIAL IMP A CT & SUSTAINABLE DEVEL OPMENT PROGRESS REPORT 2020 C3 | 134