101 Annual Report 2025 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 2025, 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 2025. 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 Max Loh Khum Whai Mr Chia Kim Huat Ms Deborah Lee Siew Yin Ms Beh Siew Kim Mr Yeo Chin Fu Ervin 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: Name of director in which interests are held Direct and deemed unitholdings registered in the name of the director, spouse or infant children Direct At beginning of the year Deemed At beginning of the year Direct At end of the year Deemed At end of the year Mr Lui Chong Chee 1,000,000 – 2,025,381 – Ms Teo Joo Ling, Serena 173,894 – 1,095,597 – Mr Max Loh Khum Whai 122,123 – 141,993 – Mr Chia Kim Huat 159,091 – 178,961 – Ms Deborah Lee Siew Yin 60,216 – 83,658 – Ms Beh Siew Kim 2,373,188 – 2,840,113 – Mr Yeo Chin Fu Ervin 10,593 – 10,593 – Contingent award of Performance Stapled Security1 to be delivered after 2024 Ms Teo Joo Ling, Serena (110,913 PSSP) 0 to 221,8262 – 0* – Ms Beh Siew Kim (221,827 PSSP) 0 to 443,6542 – 0^ – *During the year, 221,826 stapled securities were released, of which 55,456 stapled securities were settled in cash. ^During the year, 443,654 stapled securities were released, of which 110,912 stapled securities were settled in cash. Contingent award of Performance Stapled Security1 to be delivered after 2025 Ms Teo Joo Ling, Serena (169,573 PSSP) 0 to 339,1462 – 0 to 339,1462 –
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