CORPORATE GOVERNANCE STAPLED SECURITYHOLDER RIGHTS AND ENGAGEMENT Principles 11, 12 and 13: Shareholder Rights and Conduct of General Meetings, Engagement with Shareholders, Managing Stakeholder Relationships The Managers are committed to treating all Stapled Securityholders fairly and equitably. All Stapled Securityholders enjoy specific rights under the Trust Deeds and the relevant laws and regulations. These rights include, among other things, the right to participate in profit distributions. General Meetings In FY 2023, CLAS convened and held a physical AGM on 18 April 2023 (AGM 2023). A live webcast of AGM 2023 was made available for Stapled Securityholders who were unable to attend the AGM 2023 in person but wished to view the AGM 2023 proceedings. Although Stapled Securityholders were not able to submit questions or vote remotely via the live webcast of the AGM proceedings, they were allowed to (a) submit questions in advance of and/or live at the AGM 2023 itself and (b) vote at the AGM 2023 by themselves or appoint proxy(ies) (other than the chairman of the meeting) or the chairman of the meeting as proxy to attend and vote on their behalf at the AGM 2023. Substantial and relevant questions received from Stapled Securityholders prior to the AGM 2023 were addressed before the AGM 2023 via publication on the Website and on the SGXNet. In FY 2023, CLAS also convened and held a hybrid extraordinary general meeting on 24 October 2023 (EGM) physically and by way of electronic means pursuant to the amendments to Practice Note 7.5 of the Listing Manual, which permitted Stapled Securityholders to attend the physical meeting or the virtual meeting. This provided Stapled Securityholders with the opportunity to participate effectively in and vote at the EGM and facilitated the interaction by the Directors and Management with the Stapled Securityholders at and after the EGM. The hybrid arrangements put in place for the conduct of the EGM included attendance at the EGM via electronic means under which Stapled Securityholders could observe and/or listen to the EGM proceedings via live audio-visual webcast or live audio-only stream, submission of questions in advance of or live at the EGM, addressing of substantial and relevant questions prior to or live at the EGM and voting at the EGM live by themselves or their duly appointed proxy(ies) (other than the chairman of the meeting) via electronic means or by appointing the chairman of the meeting as proxy to vote on their behalf at the EGM. All Directors (including the CEO who is also a Director) attended both the AGM 2023 and the EGM either in person or via electronic means except Mr Chia Kim Huat who was absent with apologies at the EGM. A record of the Directors’ attendance at the AGM 2023 and the EGM can be found in the record of their attendance at general meetings and Board and Board Committee meetings for FY 2023 set out on page 134 of this Annual Report. The upcoming AGM to be held on 19 April 2024 (AGM 2024) will also be held in a hybrid format similar to the EGM as described above. Further information on the arrangements relating to the conduct of the AGM 2024 is set out in the Managers’ notice of AGM dated 28 March 2024. Stapled Securityholders are entitled to attend general meetings and are accorded the opportunity to participate effectively in and vote at general meetings (including through the appointment of up to two proxies, if they are unable to attend in person or in the case of a corporate Stapled Securityholder, through its appointed representative). Stapled Securityholders such as nominee companies which provide custodial services for securities are not constrained by the two proxy limitation, and are able to appoint more than two proxies to attend, speak and vote at general meetings of CLAS. 124 CAPITALAND ASCOTT TRUST
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