Relevant Relationships and Circumstances Considerations Appointments in organisations which have a business relationship with the CLAS Group and/or CLI Group and Directorships in Temasek and Temasek-linked organisations • Mr Lui Chong Chee (Mr Lui) was a non-executive independent chairman of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust before he stepped down on 1 February 2024. CMRM is a wholly owned subsidiary of CLI, which is a substantial Stapled Securityholder of CLAS. Thus, CMRM is a related corporation of the Managers. CLI Group has business relationships with CMRM for various matters. As a non-executive director of CMRM, Mr Lui was paid director’s fees for his services as chairman of the board of CMRM (as well as member of the NRC). a. (i) Mr Lui’s role in CMRM; (ii) Mr Sim’s role in JTC; (iii) Mr Chia’s roles in Rajah & Tann and SATS; and (iv) Mr Loh’s role in SPH Media are/were nonexecutive in nature. They are/were not involved in the business operations of such corporations. b. Mr Lui, Mr Sim, Mr Chia and Mr Loh were not and will continue not to be involved in the approval process for the engagement of CMRM, JTC, Rajah & Tann and SPH Media. c. Any engagement with CMRM, JTC, Rajah & Tann and SPH Media has been or will be decided by Management in the ordinary course of business, on arm’s length basis and on normal commercial terms and/or market rates. d. In the event of any past, present or future engagement of CMRM, JTC, Rajah & Tann and SPH Media requiring the Boards’ approval or any potential conflict of interest that may arise, the relevant Directors have recused or will recuse himself from any deliberations or approvals. e. With respect to (i) Mr Lui’s role in CMRM; and (ii) Mr Chia’s role in SATS, each of them confirmed that they are not under any obligation, whether formal or informal, to act in accordance with the directions of CLI and/or Temasek in relation to the corporate affairs of CLAS and the Managers. • Mr Sim Juat Quee Michael Gabriel (Mr Sim) was a Board member of Jurong Town Corporation (JTC), a statutory board under the Ministry of Trade and Industry before he stepped down on 31 March 2024. CLI Group had made payments to JTC for JTC leases and the subletting thereof. • Mr Chia Kim Huat (Mr Chia) is the regional head, Corporate and Transactional Group of Rajah & Tann Singapore LLP (Rajah & Tann), which provides legal services to CLAS Group and some of the subsidiaries of CLI Group. Mr Chia is also a non-executive director of SATS Ltd (SATS), an associated company of Temasek. • Mr Max Loh Khum Whai (Mr Loh) is a non-executive director of SPH Media Holdings Pte. Ltd. (SPH Media). CLAS Group and CLI Group have business relationships with SPH Media for the subscription of newspapers and placement of advertisements in the newspapers. SPH Media has also made short-term apartment bookings at the properties of CLAS and/or CLI Group for their employees’ accommodation requirements. 69 Annual Report 2024
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