Sustainability Report Table 1: Perennial Holdings’ Reporting Scope for SR2023 Singapore China Real Estate Capitol Singapore Perennial Qingyang Mall (Chengdu) CHIJMES Perennial Jihua Mall (Foshan) Chinatown Point Perennial Business CityNEW Healthcare Fengxian District Yixian Eldercare and Retirement Home (Shanghai) (“Fengxian”) Hongqiao Integrated Eldercare Centre (Shanghai) (“Hongqiao”) Perennial International Healthcare and Medical Hub Chengdu (“PIHMH”) Xiehe Eldercare and Retirement Home (Shanghai) (“Xiehe”) BOARD STATEMENT GRI [2-22] Perennial Holdings Private Limited (“Perennial Holdings” or “Company”) is pleased to present its seventh Sustainability Report (“SR2023”) for the period from 1 January 2023 to 31 December 2023 (“FY2023”). Perennial Holdings continues to report on its sustainability efforts through its Sustainability Report guided by sustainability reporting requirements set out in the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual (Rules 711A and 711B). The report is also prepared with reference to the Global Reporting Initiative (“GRI”) Universal Standards 2021 (“Standards”), an internationally recognised standard used by corporations globally. In FY2023, return-to-office policies and business and leisure travel resumed as COVID-19 restrictions were lifted. Perennial Holdings saw improved footfalls at its properties while eldercare and healthcare operations remained resilient. Amidst this return to normalcy, climate change remained a pressing issue as 2023 witnessed the impact of inclement weather on communities, underscoring the need for strategic initiatives to build a more sustainable future with a lower carbon footprint and greater community resilience. In the year, Perennial Business City (“PBC”) in Singapore, the Company’s first business park project, completed its major redevelopment works. PBC, which attained Singapore’s Building and Construction Authority (“BCA”) Green Mark Platinum Super Low Energy 2017 certification, is positioned as the first sustainable super low energy building that operates via renewable energy in the Jurong Lake District, a precinct poised to be the country’s second Central Business District. In its continued commitment to uphold sustainability standards, Perennial Holdings has incorporated PBC into its SR2023 as an operational asset, adding a business park dimension to the reporting. The Skywaters, currently under development at 8 Shenton Way, is set to become Singapore’s first supertall building with a towering height of 305 metres. Perennial Holdings is firmly committed to ensuring that the development, expected to be one of Asia’s most sustainable skyscrapers, attains the BCA Green Mark Platinum certification - one of the industry’s highest sustainability standards for sustainability in Singapore. In FY2023, waste from the site’s demolition works was sent for smelting and recycling. Additionally, the existing foundation and infrastructure were reused to eliminate waste and lower operational carbon emissions during the construction process. For the operational assets in Singapore and China, Perennial Holdings continues to undertake proactive measures, including retrofitting old fixtures with energy-efficient alternatives, to reduce its environmental impact. CHIJMES, home to two of Singapore’s gazetted national monuments, successfully attained the prestigious Silver Certification from EarthCheck, a world-leading certification for sustainable destinations and tourism organisations - a testament to Perennial Holdings’ commitment to sustainability. The health and well-being of our stakeholders and communities are of priority to Perennial Holdings. In FY2023, the Company continued to ensure the safety of commercial tenants, healthcare patients and eldercare residents through a comprehensive multi-pronged approach, including robust protocols, regular inspections, timely responses and regular drills. Additionally, Perennial Holdings enriched the lives of eldercare residents with activities that foster community spirit, while leading aid efforts to benefit low-income communities in China’s rural and mountainous regions. Perennial Holdings is proactive in its commitment and dedication to sustainability by adopting the United Nations (“UN”) Sustainable Development Goals (“SDGs”) and consistently meeting the GRI Standards. In FY2023, the Company, as owner, developer and manager of real estate and as owner, operator and manager of healthcare services, adopted the UN SDG Goal 3 (Good Health and Well-being). This followed the adoption of UN SDG Goal 13 (Climate Action) and UN SDG Goal 16 (Peace, Justice and Strong Institutions) in 2020, as well as UN SDG Goal 5 (Gender Equality) in 2022. The forward momentum by Perennial Holdings demonstrates a strong trajectory of progress to advance environmental stewardship, social equity and corporate responsibility. In closing, Perennial Holdings is committed to long-term sustainability, driven by our vision to be a leading global integrated real estate and healthcare company while enriching lives and delivering stakeholder value. Guided by the core values of teamwork, integrity, excellence and sustainability, the Company will continuously innovate while striving for higher standards, ensuring enduring growth and positive impact. Board of Perennial Holdings Private Limited FEEDBACK GRI [2-3] Perennial Holdings welcomes all feedback from stakeholders on this report and its sustainability efforts. Please send your comments and suggestions to sustainability@perennialholdings.com. OVERVIEW GRI [2-1] [2-2] [2-3] [2-5] [2-6] This report reflects information on Perennial Holdings’ sustainability performance for FY2023, with prior period performance (“FY2022”) indicated, where applicable, for useful comparison. This report covers selected Real Estate and Healthcare assets from Perennial Holdings’ portfolio, located in Singapore and China. Unless otherwise stated, all sustainability data and information disclosed relate to the following entities in Table 1. 92 PERENNIAL HOLDINGS PRIVATE LIMITED
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