OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 43 ANNUAL REPORT 2024 Conference of Alzheimer’s Disease China, the academic meeting of the Dementia and Cognitive Impairment Group of the Shaanxi Medical Association Neurology Branch, and the academic training conference on Dementia Care Skills as part of the National Cognitive Impairment Disease Diagnosis and Treatment Capacity Building Project. PACVX also features the International Geriatric Health Management Research Institute, which launched Northwest China’s first training base for Alzheimer’s care. • Perennial Jingxin Senior Care Home In 2024, the Company secured a 20-year management contract from the government and, subsequently, formed a 51-49 JV with a reputable local partner to operate the Perennial Jingxin Senior Care Home. The centre will offer 156 eldercare beds while providing care, nursing and medical services to seniors living in-house and in the neighbouring communities. Perennial Jingxin Senior Care Home represents Perennial Holdings’ foray into Beijing, China’s capital city, where those aged 60 and above make up nearly 5 million, or 22.6% of residents13. Bringing together both partners’ respective experiences in community and home nursing, Perennial Holdings will further develop its innovative service model, which integrates Western and Eastern medical care and eldercare, catering to in-house senior residents and nearby communities. Singapore healthcare • Parry Assisted Living Care There has been good progress in the development of Parry Assisted Living Care, slated to officially open in 2026. As Singapore’s first private assisted living integrated development featuring an integrated, seamless transitional assisted living and nursing care model, the project aims to become a best-in-class benchmark for quality eldercare in Singapore. • Jervois Wellness In early 2025, Perennial Holdings was awarded the tender to lease a state property to establish Jervois Wellness, Singapore’s first-of-itskind private integrated rehabilitation and TCM sanctuary at a state property along Jervois Road. Offering preventive and post-care services to seniors, Jervois Wellness will also enhance the continuum of care for seniors who no longer require residential care at Parry Assisted Living Care. STRATEGIC PRIORITIES In FY2025, Perennial Holdings will prioritise strong on-ground execution to enhance the profitability of its operating assets while maintaining steady progress on the construction of development projects. Perennial Holdings will also continue to explore new investment opportunities in quality assets and healthcare businesses through acquisitions, JVs and strategic partnerships, enabled by its integrated real estate platform and HSR TOD focus. Expansion of Perennial Holdings’ eldercare and medical portfolio will continue to be a priority, leveraging China’s favourable policies, increasing demand for quality healthcare and catering to the rapidly growing silver population. Within its existing healthcare-centric HSR TODs, Perennial Holdings will leverage its extensive network of medical practitioners to strengthen its integrated eldercare, multi-hospital and healthcare strategies, focusing on rapidly scaling each newly opened project. Tapping key learnings and strong in-house expertise, the Company will also grow its healthcare operational business, furthering its asset-light strategy. Parry Assisted Living Care 13 China Daily, 9 December 2024 https://www.chinadaily.com.cn/a/202412/09/WS67564393a310f1265a1d1ce8.html
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