Perennial Holdings Private Limited - Annual Report 2025

OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Our Business Model Integrated Play with a Focus on Healthcare Perennial Holdings is the owner, manager and operator of healthcare services, as well as owner, developer and manager of real estate assets. The Company’s healthcare portfolio spans a comprehensive suite of hospitals and medical centres, and it has one of the largest private integrated eldercare continuums in China. Underpinned by its real estate strategy and hospitality services platform, the Company focuses strategically on large-scale transit-oriented developments to integrate its comprehensive medical care and eldercare businesses. Perennial Holdings enjoys a first-mover advantage in the defensive healthcare market, having pioneered the first private integrated medical care and eldercare ecosystem in China, strengthened by a partnership-heavy model with established healthcare providers. Fully In-House Integrated Platform Perennial Holdings’ well-established, fully integrated business platform across healthcare, real estate and hospitality is supported by dedicated in-house teams with a demonstrated track record in healthcare management, real estate management, hospitality services and capital management. The management team is also complemented by medical professionals experienced in clinical and healthcare management, as well as an international healthcare advisory panel. This platform enables Perennial Holdings to secure strategically located prime land, develop and manage the developments, extract maximum value and optimise operational efficiency and service delivery. Harnessing this collective expertise, Perennial Holdings continually enhances service excellence and drives innovation and sustainability while creating long-term value for stakeholders. WHAT WE DO Perennial Holdings’ business model stems from its unique integrated strategy of building an ecosystem comprising healthcare, real estate and hospitality. Underpinning its success is its fully in-house business platform, which combines the best of healthcare, medical care, eldercare, real estate, hospitality and capital management capabilities across the entire value chain. The Company's experienced in-house team has a proven track record in project development, including site acquisition, design and conceptualisation, project management, pre-operations planning and government relations. Upon building completion, the operations teams overseeing the healthcare, real estate and hospitality businesses will actively manage the leases, space planning, recruitment and training, among other day-to-day operations. The healthcare team, with its medical practitioners and operations professionals, also provide valuable support to the operations of various medical and eldercare facilities. To deliver sustainable long-term growth, the capital management team actively unlocks capital to pursue opportunities across the integrated businesses, further enhancing the pipeline. WHAT SETS US APART Strategic Locations Perennial Holdings specialises in large-scale, healthcare-centric and commercial-centric transit-oriented integrated developments in high-growth cities. These integrated developments are strategically sited near or seamlessly connected with major transportation hubs, such as high-speed railway or metro stations. These projects benefit from exceptional connectivity, positioning the Company to effectively serve the expanding local population while capturing demand from provincial capital cities. Access to Networks and Resources Perennial Holdings’ shareholders have extensive networks, business experience in China, Singapore and other markets, and experience in partnering with teams to drive growth. They comprise: – Mr Pua Seck Guan: Executive Chairman and Chief Executive Officer of Perennial Holdings, and Chief Operating Officer and Executive Director of Wilmar International Limited (“Wilmar International”). – Mr Kuok Khoon Hong: Director of Perennial Holdings, and Chairman and Chief Executive Officer of Wilmar International. – Wilmar International: Asia’s leading agribusiness group, ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. – Mr Ron Sim: Co-Vice Chairman of Perennial Holdings and Executive Chairman of V3 Group Limited, a leading luxury group in the lifestyle and wellness business. – HOPU Investments: A leading alternative asset management firm with principal offices across Asia, helmed by Founder and Chairman Mr Fang Fenglei, Co-Vice Chairman of Perennial Holdings. – Perpetual Capital VCC: An investment holding company principally backed by a sovereign wealth fund in Southeast Asia and managed by investment professionals with expertise and networks across Asia. – Bangkok Bank Public Company Limited: One of Thailand’s largest banks and a leading regional bank in Southeast Asia, with a presence in nine ASEAN countries, as well as in major financial centres including China, Japan, the United Kingdom and the United States. Capital Management Investment and Asset Management Fund Structuring and Management Strategic Planning, Capital Management and Investor Relations Hospitality Services and Management Hotels, Serviced Residences and MICE Space Planning Housekeeping, Sales, Front Office, Guest Services Capabilities Engineering and Security Real Estate Services and Management Design Development and Project Management Pre- Operations and Government Relations Property Management Healthcare Services and Management Healthcare Design and Development Planning, Commissioning and Operations Management Building Shared Ancillary Facilities and Services HEALTHCARE-CENTRIC EXPERTISE UNDERPINNED BY REAL ESTATE AND HOSPITALITY CAPABILITIES Healthcare Business Owner, Manager, Operator Eldercare General Hospitals Rehabilitation Hospitals Specialist Hospitals Nursing Hospitals Medical Centres Independent Living Assisted Living Memory Care, Skilled Nursing Care, Home Care Medical Care Real Estate Business Owner, Developer, Manager Event Venue/ Convention Centre Business Park Office/ SOHO Residential Hospitality Eldercare Medical and Healthcare Hospitality Business Owner, Operator, Manager 3, 4, 5-star Hotels/ Serviced Apartments 17 16 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025

RkJQdWJsaXNoZXIy NTM2MDQ5