86 CapitaLand Ascott Trust Distribution Policy CLAS’ distribution policy is to distribute at least 90.0% of its taxable income (other than gains from the sale of real estate properties by CLAS which are determined to be trading gains), with the actual level of distribution to be determined at the Managers’ discretion. Distributions are generally paid within 35 market days after the relevant record date. Timely Disclosure of Information The Managers are committed to keeping all Stapled Securityholders, other stakeholders, analysts and the media informed of CLAS’ performance and any changes in CLAS or its business which are likely to materially affect the price or value of the Stapled Securities, by posting announcements and news releases on SGXNet and the Website in compliance with regulatory reporting requirements, on a timely and consistent basis. For FY 2025, the Managers provided Stapled Securityholders with unaudited half year and full year financial statements within the relevant periods prescribed by the Listing Manual. Such financial statements were reviewed and approved by the Boards before being announced on SGXNet and accompanied by news releases. In presenting the financial statements to Stapled Securityholders, the Boards sought to provide Stapled Securityholders with a balanced, clear and comprehensible assessment of CLAS and the Stapled Group’s performance, position and prospects. The Managers provide Stapled Securityholders, on a voluntary basis, with business updates between the announcement of half-yearly financial statements, which contain information on CLAS’ key operating and financial metrics. In addition, the Managers also keep CLAS’ Stapled Securityholders, stakeholders and analysts informed of the performance and changes in CLAS or its business which would likely materially affect the price or value of the Stapled Securities. In providing such information to Stapled Securityholders, the Boards seek to provide them with a balanced, clear and understandable assessment of CLAS’ performance, position and prospects. The Managers also conduct analyst, investor and media briefings, and upload the briefing materials used on SGXNet. The Managers have a formal policy on corporate disclosure controls and procedures to ensure that CLAS complies with its disclosure obligations under the Listing Manual. These controls and procedures incorporate the decisionmaking process and an obligation on internal reporting of the decisions made. Investor Relations The Managers have an Investor Relations team which facilitates effective communication with Stapled Securityholders and analysts. The Managers also have a corporate communications function supported by CLI’s Group Communications department which works closely with the media and oversees CLAS’ media communications efforts. The Managers actively engage with Stapled Securityholders to solicit and understand their views, and have an Investor Relations Policy (IR Policy) to promote regular, effective and fair communications with Stapled Securityholders. The IR Policy, which sets out the mechanism through which Stapled Securityholders may contact the Managers with questions and through which the Managers may respond to such questions, is available on the Website. The Website, which is maintained by the Managers, also contains other information on CLAS, including its prospectus, circulars, announcements and news releases, financial statements and investor presentations. Managing Stakeholder Relationships The Boards’ role includes considering sustainability as part of their strategic formulation. The Managers adopt an inclusive approach for CLAS by considering and balancing the needs and interests of material stakeholders. The Managers are committed to sustainability and incorporate the key principles of environmental and social responsibility, and corporate governance in CLAS’ business strategies and operations. The Managers have arrangements to identify, engage and manage relationships with material stakeholder groups from time to time, and gather feedback on the sustainability issues most important to them. The Managers also update the Website with current information on its sustainability approach and stakeholder engagements, to facilitate communication and engagement with CLAS’ stakeholders. The rights of CLAS’ creditors, which comprises lending banks, are protected with well-spread debt maturity, healthy interest coverage ratio and gearing ratio below the regulated limits. Regular internal reviews are also conducted to ensure that various capital management metrics remain compliant with loan covenants. More details of CLAS’ stakeholder engagements can be found in CLAS’ Sustainability Report 2025 which will be published in May 2026. Corporate Governance
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