1 Limited assurance over a selection of key ESG indicators and indicators from the GRI standards, as well as CLAS’ progress against the sustainability performance targets of its sustainability-linked bonds PRUDENT CAPITAL MANAGEMENT, HEALTHY FINANCIAL POSITION LEADERSHIP IN SUSTAINABILITY Received strong support from investors and capital partners >S$400M of debt refinanced, including the issuance of S$220M in medium-term notes Successfully raised S$303.1M in equity despite challenging market conditions Credit rating upgraded to BBB (Stable Outlook) 2% increase in portfolio valuation 81% Debt effectively on fixed rates 37.9% Healthy gearing 4.0 times Robust interest cover 2.4% p.a. Low average cost of debt Global Sector Leader (Listed – Hotel) 2023 GRESB Real Estate Assessment Inclusion into iEdge-UOB APAC Yield Focus Green REIT Index Ranked 1ST 2023 Singapore Governance and Transparency Index (REITs and Business Trusts) Published first externally assured1 sustainability report in accordance with ISAE 3000 Standard at Columbia, South Carolina, USA Leadership Overview Portfolio & Performance Sustainability & Governance Financial Statements and Other Information ANNUAL REPORT 2023 5
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