Investor RelationsInsider Trades

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 708477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.64000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 28,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 28,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 708,477,706 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 719610606 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.53000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 28,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 28,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 708,477,706 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$2,130,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 28432206 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.27300000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal. This has resulted a change in the percentage level of interest of the Substantial Unitholders.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.88000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this Form.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.88000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 31,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 31,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 711,477,706 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal. This has resulted a change in the percentage level of interest of the Substantial Unitholders.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.88000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal. This has resulted a change in the percentage level of interest of the Substantial Unitholders.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.88000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal. This has resulted a change in the percentage level of interest of the Substantial Unitholders.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.88000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 711477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.88000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 31,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 31,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 711,477,706 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$1,980,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 31432206 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.51300000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via married deal.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 722610606 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.77000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 31,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 31,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 711,477,706 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Disposal of Securities via market transaction

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$626,602.50

Immediately after the transaction

No. of ordinary voting shares/units held: 34432206 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.75300000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 928,300 Units via market transaction.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 725610606 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 58.01000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 34,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 34,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 714,477,706 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 928,300 Units via market transaction.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 714477706 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 57.12000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 34,432,206 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 34,432,206 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 714,477,706 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Disposal of Securities via market transaction

Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$338,550.00

Immediately after the transaction

No. of ordinary voting shares/units held: 35360506 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.82700000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 500,000 Units via market transaction.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 726538906 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 58.09000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 35,360,506 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 35,360,506 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 715,406,006 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 500,000 Units via market transaction.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 715406006 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 57.20000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 35,360,506 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 35,360,506 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 715,406,006 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 5,101,321 Units as payment of the base fee component of the management fee for the period from 1 January 2024 to 30 June 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 715906006 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 57.24000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 35,860,506 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 35,860,506 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 727,038,906 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,245,669,885 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 5,101,321 Units as payment of the base fee component of the management fee for the period from 1 January 2024 to 30 June 2024.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 727038906 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 58.13000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 35,860,506 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 35,860,506 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 727,038,906 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding before the change is calculated based on 1,245,669,885 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 35860506 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.86700000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 5,101,321 Units at S$0.6694 per Unit as 80.0% of the base fee component of its management fee for the period from 1 January 2024 to 30 June 2024 ("Financial Period").

The issue price per Management Fee Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days immediately preceding 30 June 2024, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,245,669,885 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,250,771,206 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this notiication.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.06000000 (Deemed Interest)

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 30759185 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.46900000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 3,022,032 Units at S$0.6829 per Unit as 100.0% of the base fee component of its management fee for the period from 1 October 2023 to 31 December 2023 ("Financial Period").

The issue price per Management Fee Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days immediately preceding 31 December 2023, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,242,647,853 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,245,669,885 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this notification.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.06000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 30,759,185 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 30,759,185 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 710,804,685 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,242,647,853 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,245,669,885 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this notification.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.06000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this notification.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.06000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023. This has resulted a change in the percentage level of interest of the Substantial Unitholders giving notice under this notification.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.06000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 721937585 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.96000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 30,759,185 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 30,759,185 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 710,804,685 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding before the change is calculated based on 1,242,647,853 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,245,669,885 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,022,032 Units as payment of the base fee component of the management fee for the period from 1 October 2023 to 31 December 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 710804685 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.90000000 (Direct Interest); 57.06000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 30,759,185 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 30,759,185 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 710,804,685 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,242,647,853 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,245,669,885 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 2,805,589 Units as payment of the base fee component of the management fee for the period from 1 July 2023 to 30 September 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 707782653 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.90000000 (Direct Interest); 56.95000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 27,737,153 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 27,737,153 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 707,782,653 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,239,842,264 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,242,647,853 outstanding Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 27737153 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.23200000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 2,805,589 Units at S$0.6682 per Unit as 100.0% of the base fee component of its management fee for the period from 1 July 2023 to 30 September 2023 ("Financial Period").

The issue price per Management Fee Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days immediately preceding 30 September 2023, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,239,842,264 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,242,647,853 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 2,805,589 Units as payment of the base fee component of the management fee for the period from 1 July 2023 to 30 September 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 718915553 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.85000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 27,737,153 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 27,737,153 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 707,782,653 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding before the change is calculated based on 1,239,842,264 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,242,647,853 outstanding Units.

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$13,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 100000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00800000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,239,842,264 units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 2,915,896 Units as payment of the base fee component of the management fee for the period from 1 April 2023 to 30 June 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 704977064 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.90000000 (Direct Interest); 56.86000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 24,931,564 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 24,931,564 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 704,977,064 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,236,926,368 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,239,842,264 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 2,915,896 Units as payment of the base fee component of the management fee for the period from 1 April 2023 to 30 June 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 716109964 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.76000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 24,931,564 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 24,931,564 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 704,977,064 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding before the change is calculated based on 1,236,926,368 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,239,842,264 outstanding Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 24931564 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.01100000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 2,915,896 Units at S$0.6944 per Unit as 100.0% of the base fee component of its management fee for the period from 1 April 2023 to 30 June 2023 ("Financial Period").

The issue price per Management Fee Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days immediately preceding 30 June 2023, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,236,926,368 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,239,842,264 outstanding Units.

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$6,850.00

Immediately after the transaction

No. of ordinary voting shares/units held: 80000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00600000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding before the change is calculated based on 1,233,752,149 units.

The percentage of unitholding after the change is calculated based on 1,236,926,368 units.

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$6,900.00

Immediately after the transaction

No. of ordinary voting shares/units held: 70000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00600000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding before the change is calculated based on 1,227,847,440 units.

The percentage of unitholding after the change is calculated based on 1,233,752,149 units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,174,219 Units as payment of the base fee component of the management fee for the period from 1 January 2023 to 31 March 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 702061168 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.90000000 (Direct Interest); 56.76000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 22,015,668 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 22,015,668 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 702,061,168 Units.

Ms. Yang Xue is the spouse of Mr. Xu Rongcan and is deemed to be interested in the Units which he has an interest in.

The percentage of unitholding before the change is calculated based on 1,233,752,149 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,236,926,368 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 3,174,219 Units as payment of the base fee component of the management fee for the period from 1 January 2023 to 31 March 2023.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 713194068 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.66000000 (Deemed Interest)

Shimmer Fair Management Limited ("Shimmer Fair Management") is the sole shareholder of Sasseur (BVI) Holding II Limited ("Sasseur (BVI) Holding II"). Sasseur (BVI) Holding II holds 94.4048% of the share capital of Sasseur Cayman Holding Limited (the "Sponsor") and the Sponsor is in turn the sole shareholder of Sasseur Cayman Holding II Ltd. ("Cayman Holdco").

Cayman Holdco is the sole shareholder of Sasseur Asset Management Pte. Ltd. ("SAMPL") and is deemed to be interested in 22,015,668 Units held by SAMPL.

TMF (Cayman) Ltd. ("TMF (Cayman)") as the trustee of Xu Family Trust is the sole shareholder of Shimmer Fair Management. The Xu Family Trust is a discretionary trust established by Mr. Xu Rongcan as settlor and the sole member of the Protective Committee and Investment Committee of Xu Family Trust, for the benefit of its beneficiaries, being Mr. Xu Rongcan who is the primary beneficiary of the Xu Family Trust during his lifetime and whilst not incapacitated.

In addition, as the sole power to make investment decision relating to the assets of the Xu Family Trust is vested on an investment committee, of which Mr. Xu Rongcan is the sole member, only he can make all decisions relating to any purchase, sale, exchange, or retention of the shares in Shimmer Fair Management as well as the exercise of any voting and other rights on behalf of the Xu Family Trust.

As Cayman Holdco is deemed to be interested in 429,775,600 Units held through CGS-CIMB Securities Singapore Pte. Ltd., 160,000,000 held through China Merchants Bank, 88,000,000 Units held through KGI Securities (Singapore) Pte. Ltd, 2,269,900 Units held through Haitong International Securities (Singapore) Private Limited and 22,015,668 Units held by SAMPL, each of the Sponsor, Sasseur (BVI) Holding II, Shimmer Fair Management, TMF (Cayman) and Mr. Xu Rongcan is also deemed to be interested in the 702,061,168 Units.

Mr. Xu Rongcan is the spouse of Ms. Yang Xue and is deemed to be interested in 11,132,900 Units held by Ms. Yang Xue.

The percentage of unitholding before the change is calculated based on 1,233,752,149 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,236,926,368 outstanding Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

Immediately after the transaction

No. of ordinary voting shares/units held: 22015668 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.78000000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 3,174,219 Units at S$0.7472 per Unit as 100.0% of the base fee component of its management fee for the period from 1 January 2023 to 31 March 2023 ("Financial Period").

The issue price per Management Fee Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days immediately preceding 31 March 2023, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,233,752,149 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,236,926,368 outstanding Units.