Our Milestones 2014 Commencement of Business • Commenced business on 28 October 2014 as a real estate company with a presence in Singapore and China following the reverse takeover of St. James Holdings Limited. Listing was transferred from Catalist to the Mainboard of Singapore Exchange Securities Trading Limited (“Singapore Exchange”) on 26 December 2014. 2015 Strategic Move into China Healthcare Business • Repositioned a development retail asset in Chengdu as Perennial International Healthcare and Medical Hub (“PIHMH”) Chengdu to introduce healthcare asset class within integrated developments. Strengthened Singapore Real Estate Portfolio • Syndicated a consortium of investors to acquire 8 Shenton Way at an agreed property price of S$1.17 billion and acquired a 31.2% equity interest in the development. Maiden Foray into Malaysia • Entered into a 50-50 Joint Venture (“JV”) with IJM Land Berhad to acquire and develop an over MYR3 billion (approximately S$1 billion) waterfront integrated development in Penang. 2016 Strengthened China Healthcare Business • Introduced Perennial International Specialist Medical Centre, one of China’s first specialist medical centre concepts at PIHMH Chengdu. It is also Perennial Holdings’ first owned-and-managed specialist medical centre in the country. • Acquired an effective interest of 49.9% in Shanghai Renshoutang Eldercare Group Co., Ltd. (“Renshoutang”), the largest integrated eldercare services operator in Shanghai, to become its largest single shareholder. 2020 Strengthened Focus on Transit-Oriented Developments (“TODs”) in China • Acquired an additional 14.7% interest in Plot 4 (Perennial Xi’an West) of the Perennial Xi’an North HSR International Healthcare and Business City, increasing Perennial Holdings’ interest from 51% to 65.7%. Active Capital Recycling Strategy • Led consortium of investors to divest a 50% interest in 8 Shenton Way to a subsidiary (“Alibaba Singapore”) of Alibaba Group Holding Limited at an agreed property price of S$1.68 billion. Formed a new entity with the same consortium of investors to own the remaining 50% stake in 8 Shenton Way and enter into a JV agreement with Alibaba Singapore to redevelop 8 Shenton Way. Renewed Focus on Vision with Privatisation • Substantial shareholders, Mr Kuok Khoon Hong, Wilmar International Limited, Mr Ron Sim and Mr Pua Seck Guan, partnered with HOPU Investments to privatise Perennial Holdings at S$0.95 per share. The Company was delisted from the Singapore Exchange on 14 September 2020. Enhanced Sustainability Efforts • Adopted the United Nations (“UN”) Sustainable Development Goals (“SDG”), namely Goal 13 (Climate Action) and Goal 16 (Peace, Justice and Strong Institutions), to complement Global Reporting Initiative1 (“GRI”) Standards. 2021 Forged a New Integrated Identity • Underwent a name change from Perennial Real Estate Holdings Pte Ltd to Perennial Holdings Private Limited, to reflect the Company’s strategic endeavours in its vision to be a leading global integrated real estate and healthcare company. Maiden Foray into Business Park Space • Acquired the former Big Box situated in the Jurong Lake District, which is envisioned to be the largest commercial and regional centre outside of Singapore’s city centre, for S$118 million with plans to redevelop the 1.5 million square feet (“sq ft”) property into Perennial Business City, the district’s first sustainable Building and Construction Authority (“BCA”) Green Mark Platinum Super Low Energy business park. Maiden Foray into Luxury Landed Residences in Singapore • Acquired the prestigious 752,021 sq ft Caldecott Hill site for S$281 million to redevelop into Good Class Bungalows. 2018 Augmented Singapore Real Estate Portfolio • Acquired the remaining 50% interest in Capitol Singapore to wholly own the over S$1 billion integrated development. • Entered into pure-play residential development in Singapore to jointly develop Forett at Bukit Timah through a JV with Qingjian Group of Companies. Bolstered China Real Estate and Healthcare Business • PIHMH Chengdu, a first-of-its-kind, one-stop medical, healthcare and retail integrated development adjacent to the Chengdu East High Speed Railway (“HSR”) Station, commenced operations. • Led a consortium to establish a US$1.2 billion JV, with an initial capital commitment of US$500 million, to invest in HSR Healthcare and Commercial Developments in China. Perennial Holdings holds a 45% interest in the JV. • JV invests in Perennial Tianjin South HSR International Healthcare and Business City, adjacent to the Tianjin South HSR Station, and Perennial Kunming South HSR International Healthcare and Business City, adjacent to the Kunming South HSR Station, at a land tender price of RMB718 million (approximately S$150.3 million) and RMB341.5 million (approximately S$67.6 million), respectively. 1 An internationally-recognised sustainability reporting standard. Renshoutang Shanghai Hongqiao Facility Perennial Kunming South HSR International Healthcare and Business City • Acquired an additional 14.7% interest in Plot 5 (Perennial Xi’an East) of the Perennial Xi’an North HSR International Healthcare and Business City, increasing Perennial Holdings’ stake from 51% to 65.7%. Maiden Foray into Indonesia • Entered into a JV to develop The Sanctuary Collection, a residential development in Sentul Selatan, Greater Jakarta. Perennial Holdings holds an effective 40% interest in the JV. 20 PERENNIAL HOLDINGS PRIVATE LIMITED
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