Investor RelationsInsider Trades

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 2,500,000 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); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.92000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 2,500,000 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); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.92000000 (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 24,654,328 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 24,654,328 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 704,699,828 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 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 2,500,000 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); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.92000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 2,500,000 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); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.92000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 2,500,000 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); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.92000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 2,500,000 Units via off-market transaction on 14 January 2026.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 715832728 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.80000000 (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 24,654,328 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 24,654,328 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 704,699,828 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 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 2,500,000 Units via off-market transaction on 14 January 2026.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 704699828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.88000000 (Direct Interest); 55.92000000 (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 24,654,328 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 24,654,328 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 704,699,828 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 1,260,201,728 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$1,675,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 24654328 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.95600000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025. 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); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.12000000 (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: 27154328 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.15000000 (Direct Interest); 0.00000000 (Deemed Interest)

The Manager had elected to receive 4,686,150 Units at S$0.6335 per Unit as 70.0% of the base fee component of its management fee for the period from 1 January 2025 to 30 June 2025 ("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 2025, being the end date of the Financial Period.

The percentage of unitholding before the change is calculated based on 1,255,515,578 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025. 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); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.12000000 (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 27,154,328 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 27,154,328 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 707,199,828 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 1,255,515,578 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025. 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); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.12000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025. 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); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.12000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025. 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); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.12000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 718332728 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.00000000 (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 27,154,328 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 27,154,328 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 707,199,828 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 1,255,515,578 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has received 4,686,150 Units as payment of the base fee component of the management fee for the period from 1 January 2025 to 30 June 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 707199828 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.88000000 (Direct Interest); 56.12000000 (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 27,154,328 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 27,154,328 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 707,199,828 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 1,255,515,578 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,260,201,728 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 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); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.95000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 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); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.95000000 (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 22,468,178 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 22,468,178 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 702,513,678 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 1,250,771,206 outstanding Units.

The percentage of unitholding after the change is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 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); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.95000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 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); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.95000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed of 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); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 55.95000000 (Deemed Interest)

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via off-market transaction on 5 Sep 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 702513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 55.95000000 (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 22,468,178 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 22,468,178 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 702,513,678 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 1,255,515,578 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$2,025,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 22468178 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.79000000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via off-market transaction on 5 Sep 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 713646578 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 56.84000000 (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 22,468,178 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 22,468,178 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 702,513,678 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 1,255,515,578 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$2,070,000.00

Immediately after the transaction

No. of ordinary voting shares/units held: 25468178 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.02900000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via off-market transaction on 2 Sep 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 716646578 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.08000000 (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 25,468,178 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 25,468,178 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 705,513,678 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 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 3,000,000 Units via off-market transaction on 2 Sep 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 705513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.19000000 (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 25,468,178 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 25,468,178 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 705,513,678 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 1,255,515,578 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$432,253.25

Immediately after the transaction

No. of ordinary voting shares/units held: 28468178 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.26700000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 621,500 units via market transaction on 27 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 719646578 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.32000000 (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 28,468,178 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 28,468,178 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 708,513,678 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 after the change is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 621,500 units via market transaction on 27 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 708513678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.43000000 (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 28,468,178 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 28,468,178 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 708,513,678 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 1,255,515,578 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$146,090.00

Immediately after the transaction

No. of ordinary voting shares/units held: 29089678 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.31700000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 208,700 Units via market transaction on 26 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 720268078 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.37000000 (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 29,089,678 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 29,089,678 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 709,135,178 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 after the change is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 208,700 Units via market transaction on 26 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 709135178 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.48000000 (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 29,089,678 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 29,089,678 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 709,135,178 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 1,255,515,578 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$24,360.00

Immediately after the transaction

No. of ordinary voting shares/units held: 29298378 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.33400000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 34,800 Units via market transaction on 25 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 720476778 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.38000000 (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 29,298,378 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 29,298,378 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 709,343,878 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 after the change is calculated based on 1,255,515,578 outstanding units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 34,800 Units via market transaction on 25 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 709343878 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.49000000 (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 29,298,378 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 29,298,378 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 709,343,878 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 1,255,515,578 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$293,359.50

Immediately after the transaction

No. of ordinary voting shares/units held: 29333178 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.33600000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholding is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 422,100 Units via market transaction on 22 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 720511578 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.39000000 (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 29,333,178 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 29,333,178 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 709,378,678 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 after the change is calculated based on 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 422,100 Units via market transaction on 22 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 709378678 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.50000000 (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 29,333,178 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 29,333,178 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 709,378,678 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 1,255,515,578 outstanding Units.

Remarks
Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust, has disposed 221,300 Units via market transaction on 21 Aug 2025.

Immediately after the transaction

No. of ordinary voting shares/units held: 11132900 (Direct Interest); 709800778 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.89000000 (Direct Interest); 56.53000000 (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 29,755,278 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 29,755,278 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 709,800,778 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 1,255,515,578 outstanding Units.