OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 18 RESERVES (continued) Dividends (continued) Group 2023 2022 $’000 $’000 Paid by subsidiaries Paid by subsidiaries to the non-controlling interests 53,547 204 19 NON-CONTROLLING INTERESTS The following subsidiaries have non-controlling interests (“NCI”) that are material to the Group: Name of subsidiaries Country of incorporation Ownership interests held by NCI 2023 2022 % % Chengdu Ruifeng Real Estate Development Co., Ltd. (“Chengdu Ruifeng”) PRC 20.0 20.0 Xi’an Perennial Cheng Tou West Real Estate Co., Ltd. (“Xi’an West”) PRC 34.3 34.3 Xi’an Perennial Cheng Tou East Real Estate Co., Ltd. (“Xi’an East”) PRC 34.3 34.3 Perennial (CHIJMES) Pte. Ltd. and its subsidiary (“Perennial CHIJMES”) Singapore 48.4 48.4 Perennial Tongzhou Development Pte. Ltd. and its subsidiaries (“Perennial Tongzhou Development”) Singapore 47.4 47.4 Perennial Tongzhou Holdings Pte. Ltd. and its subsidiaries (“Perennial Tongzhou Holdings”) Singapore 27.6 27.6 Perennial Hengqin Investment Group Pte. Ltd. and its subsidiary (“Perennial Hengqin”) Singapore 33.3 33.3 PRE 14 Pte. Ltd. and its subsidiary (“Perennial Business City”) Singapore 37.0 37.0 Perennial Singapore Investment Holdings Pte. Ltd. and its subsidiaries (“Perennial Singapore Investment Holdings”) Singapore 19.6 – Notes to the Financial Statements Year ended 31 December 2023 197 ANNUAL REPORT 2023
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