Annual Report 2025 179 7 Investment Securities CapitaLand Ascott REIT Group holds 1% interest in Ascendas Hospitality Australia Investment Fund No. 1 (“AHAIF1”). The CapitaLand Ascott REIT Group’s ownership in AHAIF1 enables AHAIF1 to meet the Australian corporate law requirement for a Managed Investment Scheme and certain requirements to qualify as a Managed Investment Trust under the Australian tax law. AHAIF1 owns 100% equity interest in Ascendas Australia Hotel Trust, which owns the hotel properties in Australia. Investments in unquoted investment securities are measured at fair value with change in fair value recognised in the Statement of Total Return. As at 31 December 2025, the fair value of the CapitaLand Ascott REIT Group’s 1% interest in AHAIF1 is $1,822,000 (2024: $1,977,000). The effective interest held by the Stapled Group is 100%. Upon consolidation, the investment securities will be adjusted against the non-controlling interests of the CapitaLand Ascott BT Group. 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 2025 % 2024 % Held by CapitaLand Ascott REIT Ascott REIT MTN Pte. Ltd. Singapore 100 100 Ascendas Hospitality Real Estate Investment Trust Singapore 100 100 Victory SR Trust Singapore 100 100 Held through CapitaLand Ascott REIT subsidiaries 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 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
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