Notes to the Financial Statements Year ended 31 December 2024 8 SUBSIDIARIES The CapitaLand Ascott REIT Group and the CapitaLand Ascott BT Group have equity investments in subsidiaries. Details of the significant subsidiaries are as follows: Name of subsidiaries Principal place of business/Country of incorporation Effective equity interest held by the Stapled Group 2024 2023 % % Held by CapitaLand Ascott REIT Ascott REIT MTN Pte. Ltd. Singapore 100 100 Ascott REIT MTN (Euro) Pte. Ltd. Singapore 100 100 Ascendas Hospitality Real Estate Investment Trust Singapore 100 100 Victory SR Trust (c) Singapore 100 – Held through CapitaLand Ascott REIT subsidiaries Ascendas Hospitality MTN Pte. Ltd. Singapore 100 100 Ascott REIT Cannon Hill Trust (a) Australia 100 100 Ascott REIT Seven Campbelltown Trust (a) Australia 100 100 Ascott REIT Eight Mascot Trust (a) Australia 100 100 Ascott REIT Nine SOP Trust (a) Australia 100 100 Ascott REIT Fourteen MP Unit Trust (a) Australia 100 100 Citadines Melbourne on Bourke Unit Trust (a) Australia 100 100 Citadines St Georges Terrace (Perth) Unit Trust (a) Australia 100 100 Citadines Connect Sydney Airport Unit Trust (a) Australia 100 100 Somerset Heping (Shenyang) Property Co., Ltd. (a) China 100 100 Suzhou Chong Rui Xin Shi Ji Real Estate Co., Ltd. (a) China 100 100 Tianjin Consco Property Development Co., Ltd. (a) China 100 100 Wangze (Dalian) Enterprise Co., Limited (a) China 100 100 Wuhan Citadines Property Development Co., Ltd. (a) China 100 100 Ascott Kleber SNC (a) France 100 100 Oriville SAS (a) France 100 100 Citadines Munich Arnulfpark GmbH & Co. KG (b) Germany 100 100 Citadines Europaviertel (Frankfurt) GmbH & Co., KG (b) Germany 93 93 Citadines Hamburg Michel GmbH & Co., KG (b) Germany 93 93 PT Bumi Perkasa Andhika (a) Indonesia 100 100 PT Ciputra Liang Court (a) Indonesia 57 57 PT Menara Aspen Persada (a) Indonesia 100 100 ARC-CapitaLand Three TMK (a) Japan 100 100 ARC-CapitaLand Four TMK (a) Japan 100 100 Ascendas Hospitality Tokutei Mokuteki Kaisha (a) Japan 100 100 Citadines Central Shinjuku TMK (a) Japan 100 100 Citadines Kyoto Gojo TMK (a) Japan 100 100 Citadines Shinjuku TMK (a) Japan 100 100 Crystal Residence TMK (a) Japan 100 100 Diamond Ginza TMK (formerly known as Infini Garden TMK) (a) Japan 100 100 Diamond Kanazawa TMK (formerly known as Ascendas Hospitality Honmachi Tokutei Mokuteki Kaisha) (a) Japan 100 100 Sapphire Residence TMK (a) Japan 100 100 Somerset Roppongi TMK (a) Japan 100 100 Ascott REIT (Jersey) Limited (b) United Kingdom/ Jersey 100 100 184 CapitaLand Ascott Trust
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