41 Annual Report 2025 China 1 As at 31 December 2025. Does not include Somerset Olympic Tower Tianjin, which was divested in April 2025. 41 Properties 8811 Units S$16.5M Total Revenue (FY 2025) $2.9M Total Gross Profit (FY 2025) S$142.9M Valuation (as at 31 Dec 2025) Following the divestment of Somerset Olympic Tower Tianjin in April 2025, CLAS currently owns four leasehold serviced residences in China. As long stays are the primary source of business, CLAS’ China properties have an average length of stay of over five months. The properties are all operating under management contracts. Somerset Grand Central Dalian is a 195-unit property situated in the CBD of the Dalian Development Area; Somerset Heping Shenyang is a 270-unit property that lies in the heart of Shenyang’s main commercial and shopping district; Citadines Xinghai Suzhou is a 167-unit property in the heart of the Suzhou Industrial Park; and Citadines Zhuankou Wuhan is a 249-unit property situated in the Wuhan Economic and Technological Development Zone. In FY 2025, RevPAU of the China properties decreased by 11% YoY in RMB terms due to slower-than-anticipated recovery in business activity. Gross Rental Income (RMB’000) Revenue Per Available Unit (RMB) FY 2025 FY 2024 FY 2025 FY 2024 Properties under Management Contract Citadines Xinghai Suzhou 10,647 11,494 172 185 Citadines Zhuankou Wuhan 10,133 11,793 100 116 Somerset Grand Central Dalian 33,524 32,632 443 435 Somerset Heping Shenyang 24,975 25,769 253 260 Somerset Olympic Tower Property Tianjin1 9,392 34,697 410 431 1 The divestment of the property was completed on 15 April 2025; hence the gross rental income and RevPAU stated for FY 2025 are for 1 January 2025 to 15 April 2025. ▲ Featured property: Somerset Heping Shenyang, China
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