98 PERENNIAL HOLDINGS PRIVATE LIMITED Sustainability Report BOARD STATEMENT GRI [2-22] Perennial Holdings Private Limited (“Perennial Holdings” or “Company”) is pleased to present its eighth annual Sustainability Report (“SR2024”) for the period from 1 January 2024 to 31 December 2024 (“FY2024”). Perennial Holdings continues to report on its sustainability efforts through its Sustainability Report, which is 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, which includes climate-related disclosures, used by corporations globally. Perennial Holdings is proactive in its commitment to sustainability, having adopted the United Nations (“UN”) Sustainable Development Goals (“SDGs”) and consistently aligning our practices with GRI Standards. In FY2024, the Company, as owner, manager and operator of healthcare services and as owner, developer and manager of real estate, adopted the UN SDG Goal 8 (Decent Work and Economic Growth) and SDG 12 (Responsible Consumption and Production). This followed the adoption of UN SDG 13 (Climate Action) and SDG 16 (Peace, Justice and Strong Institutions) in 2020, SDG 5 (Gender Equality) in 2022, and SDG 3 (Good Health and Well-being) in 2023. In FY2024, a key highlight of Perennial Holdings’ sustainability efforts is the strategic partnership with Keppel to implement Energy-as-a-Service (EaaS) solutions in our flagship developments in Chengdu, China. This initiative exemplifies our commitment to SDG 12 by retrofitting our properties with high-efficiency energy systems, which will lead to significant energy savings and a reduction in carbon emissions. This not only enhances the environmental performance of our assets but also supports our objective of creating decent work opportunities. By transitioning to energy-efficient systems, we achieve cost savings, support the growth of green jobs, and attract investments, reinforcing our commitment to sustainable development and economic growth. On the social front, the health and well-being of our stakeholders and communities continue to remain a top priority for Perennial Holdings. In FY2024, the Company continued to focus on ensuring the health and safety of our commercial tenants, healthcare patients and eldercare residents by implementing stringent protocols, conducting regular inspections, responding promptly to concerns and carrying out routine safety drills. Our rigorous health and safety standards for contractors, which include the requirement for bizSAFE Level 3 certification, further underscores our dedication to creating safe and secure working environments, directly contributing to SDGs 3 and 8. Additionally, our eldercare homes offer a range of enriching physical and cultural activities for elderly residents, fostering community spirit while also providing quality medical services to support both the residents and the surrounding communities. We also place significant emphasis on the well-being of our employees, who are essential to the smooth operation of our properties and eldercare homes. Throughout the year, we continued to invest in employee development and well-being by providing comprehensive training programmes and wellness events. Together, these initiatives reflect our holistic approach to enhancing the well-being of our stakeholders. In FY2024, we have continued to maintain a clean compliance record, adhering to all applicable laws and regulations in Singapore and China. This commitment to governance ensures that we operate with integrity and accountability, reinforcing our dedication to sustainable business practices. Perennial Holdings is making significant strides in advancing environmental stewardship, social equity and corporate responsibility. Our commitment to creating job opportunities, enhancing employee well-being and promoting sustainable practices remains unwavering as we continue to evolve our operations. In summary, Perennial Holdings is firmly dedicated to long-term sustainability, guided by our vision to be a leading global integrated healthcare and real estate company that enriches lives and delivers value to our stakeholders. Upholding our core values of teamwork, integrity, excellence, and sustainability, we will remain steadfast in our pursuit of innovation and higher standards, ensuring sustainable growth and a positive impact on the communities we serve. 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 FY2024, with prior period performance (“FY2023”) indicated where applicable, for useful comparison. The reporting scope encompasses ten selected Real Estate and Healthcare assets from Perennial Holdings’ portfolio, located in Singapore and China, as detailed in Table 1. Table 1: Perennial Holdings’ reporting scope for SR2024 Singapore China Real Estate Capitol Singapore Perennial Qingyang Mall (Chengdu) CHIJMES Perennial Jihua Mall (Foshan) Chinatown Point Perennial Business City (“PBC”) Healthcare Fengxian District Yixian Eldercare and Retirement Home (Shanghai) (“Fengxian”) Hongqiao Integrated Eldercare Centre (Shanghai) (“Hongqiao”) Perennial International Health and Medical Hub Chengdu (“PIHMH Chengdu”) Xiehe Eldercare and Retirement Home (Shanghai) (“Xiehe”)
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