Report of the Trustee-Manager of CapitaLand Ascott Business Trust The directors of CapitaLand Ascott Business Trust Management Pte. Ltd., the trustee-manager of CapitaLand Ascott Business Trust (“CapitaLand Ascott BT”) (the “BT Trustee-Manager”), are pleased to present their report to the unitholders of CapitaLand Ascott BT for the financial year ended 31 December 2024, together with the audited financial statements of CapitaLand Ascott BT and its subsidiaries (the “CapitaLand Ascott BT Group”) for the financial year ended 31 December 2024. DIRECTORS The directors of the BT Trustee-Manager in office at the date of this report are: Mr Lui Chong Chee (Chairman) Ms Teo Joo Ling, Serena (Chief Executive Officer) Mr Sim Juat Quee Michael Gabriel Mr Chia Kim Huat Ms Deborah Lee Siew Yin Mr Max Loh Khum Whai Ms Beh Siew Kim Mr Yeo Chin Fu Ervin (Appointed on 1 January 2025) DIRECTORS’ INTERESTS IN UNITS OR DEBENTURES OF CAPITALAND ASCOTT BT According to the register kept by the BT Trustee-Manager for the purpose of Sections 13 and 76 of the Business Trusts Act 2004 (the “BTA”), particulars of interests of directors who held office at the end of the financial year (including those held by their spouses and infant children) in units of CapitaLand Ascott BT are as follows: Direct and deemed holdings registered in the name of the director, spouse or infant children Direct Deemed Name of director in which interests are held At beginning of the year / date of appointment At beginning of the year / date of appointment Direct At end of the year Deemed At end of the year Mr Lui Chong Chee 1,000,000 – 1,000,000 – Ms Teo Joo Ling, Serena 57,064 – 173,894 – Mr Sim Juat Quee Michael Gabriel 113,920 – 140,488 – Mr Chia Kim Huat 136,988 – 159,091 – Ms Deborah Lee Siew Yin 38,113 – 60,216 – Mr Max Loh Khum Whai 120,000 – 122,123 – Mr Goh Soon Keat Kevin* 234,319 – 234,319 – Ms Beh Siew Kim 1,872,934 – 2,373,188 – * Mr Goh Soon Keat Kevin resigned with effect from 1 January 2025. Contingent award of Performance Stapled Security1 to be delivered after 2023 Ms Beh Siew Kim (185,391 PSSP) 0 to 370,782 2 – 0* – * During the year, 370,782 stapled securities were released, of which 92,694 stapled securities were settled in cash. 102 CapitaLand Ascott Trust
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