Shareholding Information Notes: (1) Mr Kuok Khoon Hong is deemed interested in the 607,031,816 shares in PGPL held by HPRY Holdings Limited, Hong Lee Holdings (Pte) Ltd, Longhlin Asia Limited, Kuok Hock Swee & Sons Sdn Bhd, KHS (Hong Kong) Limited, Jaygar Holdings Limited, KPW Investments Limited and KMH Investments Limited. (2) Wilmar International Limited (“Wilmar International”) is deemed interested in the 333,028,874 shares in PGPL held by WCA Pte. Ltd., a wholly-owned subsidiary of Wilmar International. (3) Mr Fang Fenglei is deemed interested in the 292,009,385 shares in PGPL held by Beaufort Investment Global Company Limited. (4) Mr Ron Sim is deemed interested in the 256,711,699 shares in PGPL held by V3 Assets Pte. Ltd.. (5) Mr Pua Seck Guan is deemed interested in the 172,927,594 shares in PGPL held by PSG Holdings Pte. Ltd.. WCA Pte. Ltd. 19.03% Beaufort Investment Global Company Limited 16.69% V3 Assets Pte. Ltd. 14.67% PSG Holdings Pte. Ltd. 9.88% As at 18 March 2024 34.70% HPRY Holdings Limited Hong Lee Holdings (Pte) Ltd Longhlin Asia Limited Kuok Hock Swee & Sons Sdn Bhd KHS (Hong Kong) Limited Jaygar Holdings Limited KPW Investments Limited KMH Investments Limited Perennial Holdings Private Limited 100% Perennial Group Private Limited (“PGPL”) Perpetual Capital VCC 5.03% BUSINESS OVERVIEW As owner, developer and manager, Perennial Holdings’ real estate business spans multiple countries, including Singapore, China, Malaysia and Indonesia. The Company’s real estate portfolio comprises eight transit-oriented development (“TODs”), of which five are connected to High-Speed Railway (“HSR”) Stations. Of these five HSR TODs, four are healthcare-centric while one is commercial-centric. All these eight TODs, six retail developments, 1 Represents assets that are consolidated, and equity accounted according to the Singapore Financial Reporting Standards. 2 Represents assets computed via the Company’s shareholdings. 3 Other Markets Real Estate relates to assets in Malaysia, Indonesia and Sri Lanka. TOTAL ASSETS1 China Real Estate 70.6% Singapore Real Estate 21.7% China Healthcare 2.6% Singapore Healthcare 0.2% Management Business 1.9% Other Markets Real Estate3 1.4% Corporate 1.6% BY EFFECTIVE STAKE2 China Real Estate 65.7% Singapore Real Estate 24.8% China Healthcare 3.3% Singapore Healthcare 0.2% Management Business 2.3% Other Markets Real Estate3 1.7% Corporate 2.0% business park, integrated developments and residential developments have a total gross floor area (“GFA”) of approximately 80 million square feet (“sq ft”). Perennial Holdings is also an owner, operator and provider of healthcare services business in China, focusing on three core segments, which are hospitals and medical centres, healthcare hubs, as well as eldercare and senior housing. It has a presence in 13 cities across China with about 22,000 beds, comprising over 13,000 operating beds and a committed pipeline of about 9,000 beds. PORTFOLIO ANALYSIS Total Assets Composition by Business In FY2023, the real estate business accounted for the majority of assets held on the balance sheet, comprising 92.2% (FY2022: 94.1%) of total assets (on an effective stake basis). Perennial Holdings’ China real estate business, constituting a significant portion of TODs, accounted for 65.7% (FY2022: 66.1%) of total assets (on an effective stake basis). 36 PERENNIAL HOLDINGS PRIVATE LIMITED
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