#1CapitaMall Xizhimen, Beijing, China 11TH CapitaLand China Trust Financial Results for FY 2021 ALL CRANK DECHINA 31 January 2022 汤城小厨 必胜客 +8608 AL AD#2Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand China Trust Management Limited ("Manager") nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of CapitaLand China Trust (“CLCT”) is not indicative of future performance. The listing of the units in the CLCT ("Units") on the Singapore Exchange Securities Trading Limited (SGX-ST) does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. CapitaLand China Trust Financial Results for FY 2021#3Ascendas Innovation Towers, Xi'an, China Table of Contents 01 Key Highlights BVD MENT Sinexcel 202 CapitaLand China Trust 05 New Economy Portfolio Financial Results & Capital Management 新加坡腾汁3 ascendas INNOVATION TOW Portfolio Overview 04 Retail Portfolio 06 Looking Forward 07 Appendix#4SHSTA McDonald's 新加坡杭州科技园 SINGAPORE ANGZHOU SCIENCE & TECHNOLOGY PARK Singapore-Hangzhou Science & Technology Park Phase I, Hangzhou, China Key Highlights * Cap/taLand China Trust#5CLCT - Largest China-Focused S-REIT Expanded Portfolio Across Prominent Tier 1 and 2 Growth Cities Listed in 2006 ✓ AUM of S$0.8 billion Retail-Centric ✓ GFA of 453,506 sqm ✓ 7 retail assets ✓ Across 5 cities 2 Xi'an O Today Multi-Asset Classes DPU Yield: 7.7%¹ Chengdu ✓ AUM of S$4.9 billion² ✓ Market Capitalisation of S$2.0 billion ✓ GFA of 1.9 mil sq m ✓ Geographically diversified across 12 cities Hohhot Beijing Wuhan Changsha 2 Harbin Suzhou Kunshan Shanghai Guangzhou 11 retail assets, 5 business parks and 4 logistics parks Retail Business Park Logistics Park Notes: 1. Based on FY 2021 DPU of 8.73 S cents and unit price of S$1.14 asat 28 January 2022. 2. Based on effective stake as at 31 December 2021. Includes completion of the four logistics parks located in Shanghai, Kunshan, Wuhan and Chengdu on 10 November 2021. CapitaLand China Trust Hangzhou * Number of properties indicated for cities with more than one property in the same asset class Financial Results for FY 2021#6FY 2021 Achievements Strengthened Portfolio Resilience across Market Cycles Completed the acquisitions of five business parks and four logistics parks, strongly aligned with China's dual circulation strategy Delivering Sustainable Income Growth through Disciplined Portfolio Reconstitution Further diversify income streams into logistics with an accretive acquisition of RMB1.7 billion and unlocked RMB918 million by divesting two mature retail assets Highest NPI since Listing Achieved NPI of RMB 1.2 billion for FY 2021, +78.4% YOY CapitaLand China Trust ~ 000 Forged Forward with Sustainability Secured maiden sustainability-linked loan of S$150 million first S-REIT to receive a loan linked to the sustainability performance of a China portfolio GRES B Maiden Participation in GRESB Real Estate Assessment Awarded 3 Star with a score of 77 for GRESB Real Estate Assessment 2021 Received an 'A' for GRESB Public Disclosure 2021 (Ranked 1st amongst 7 Singapore Retail Constituents) IR Award winner Both Casate magazine Excellence in Investor Communication Awarded the 'Best IR during a Corporate Transaction' and 'Best use of Multimedia for IR' at the IR Magazine Forum & Awards - South East Asia 2021 Financial Results for FY 2021 6#7Transformed and Diversified Portfolio Growth Pillars Aligned to China's "Dual Circulation" and "Common Prosperity" Themes Expanded Investment Strategy to Capture Real Estate Trends that Focus on Domestic Consumption and Innovation-Driven Growth CapitaLand China Trust 0000 0000 NEW NEW Retail Logistics Parks Business Parks 1 Strengthen Domestic Consumption 2 Boost Innovation Other New Economy Assets China's "Dual Circulation" and "Common Prosperity" Strategy Retail Pure play Well-located assets with captive catchments that targets the Middle- Income Group + Business Parks Increases CLCT's exposure to China's technological innovation drive + Logistics Parks Captures a larger pie of China's domestic consumption flows 2019 Expanded Mandate 2020 2021 ✓ Active Reconstitution and Acquisition Growth Track Record - from Sponsor and Third-Party Vendors ✓ Strong Management Track Record leveraging on Sponsor's Domain Knowledge and Comprehensive Real Estate Platform in China CapitaLand China Trust Financial Results for FY 2021 7#8Highest Gross Revenue and Net Property Income Growth Recorded Gross Revenue (GR) (RMB million) +77.0% 965.2 545.2 Growth in GR and NPI Attributed to: Net Property Income (NPI) (RMB million) 624.2 +78.5% 349.6 2H 2020 2H 2021 2H 2020 2H 2021 Retail . 100% ownership and consolidation of Rock Square Steady occupancy improvement across portfolio Improved operating environment ✓ +16.1% and +9.3% YoY increase in sales and traffic respectively New Economy . New contributions from five Business Parks and four Logistics Parks Growth in occupancy for both Business Parks and Logistics Parks since respective acquisitions Positive rental reversion for Business Parks Portfolio (+7.0%) and Logistics Park Portfolio (+2.7%) +72.9% 1,826.1 +78.4% 1,209.9 . 1,056.2 678.2 FY 2020 FY 2021 CapitaLand China Trust FY 2020 FY 2021 • Retail New Economy Financial Results for FY 2021 8#9FY 2021 DPU Increased 37.5% YoY Distribution per Unit (S cents) Distribution per Unit (S cents) Trading yield: 7.7%¹ +37.5% 8.73 6.35 4.50 4.23 3.33 3.02 1H 2020 2H 2020 1H 2021 2H 2021 FY 2020 FY 2021 Note: 1. Based on FY 2021 DPU of 8.73 S cents and unit price of S$1.14 asat 28 January 2022 CapitaLand China Trust Financial Results for FY 2021 9#101-4 PUSIS35 Shanghai Fengxian Logistics Park, Shanghai, China 解放 AA1367 1-3 Financial Results & Capital Management | 停车拉手别 热餅三角本 Produced by FOTONDAIMLER 國田戴姆蒻汽车 RD JYOTO ETX CapitaLand China Trust#11FY 2021 NPI Up 85.2% YoY Gross Revenue (S$'000) 2H 20211,2 2H 2020 Change (%) FY 20211,2 FY 2020 Change (%) 201,075 109,008 84.5% 377,967 210,525 79.5% Net Property Income (S$'000) 130,085 69,918 86.1% 250,427 135,196 85.2% Income Available for Distribution 71,445 39,180 82.4% 135,516 to Unitholders (S$'000) 74,478 82.0% Distributable amount to 71,445 42,680 67.4% Unitholders (S$'000)³ 135,516 79,728 70.0% DPU (S cents) 4.50 3.33 35.1% 8.73 6.35 37.5% Notes: 2. 1. Excludes contributions from CapitaMall Saihan, CapitaMall Minzhongleyuan and CapitaMall Erqi which were divested on 7 June 2021, 10 February 2021, and 1 June 2020 respectively. Include contributions from Rock Square, Ascendas Xinsu Portfolio, Ascendas Innovation Towers and Ascendas Innovation Hub from 30 December 2020, 4 January 2021, 10 February 2021, and 26 February 2021 respectively. While the acquisitions of the Singapore-Hangzhou Science & Technology Park Phase I and Phase II were completed on 18 June 2021, the risk and reward were transferred from 15 February 2021. In addition, it includes contributions from Kunshan Bacheng Logistics Park, Wuhan Yang luo Logistics Park, Chengdu Shuangliu Logistics Park and Shanghai Fengxian Logistics Park from 10 November 2021. 3. CLCT released $1.8 million and $5.3 million retained in FY 2019 from the one-off pre-termination compensation received by Capita Mall Erqi, following the exit of its anchor tenantin 2H 2020 and FY 2020 respectively. At the same time, $1.8 million which was retained from the income available for distribution to Unitholders in the first half of 2020 was also released in the distributable amount to Unitholders in 2H 2020. CapitaLand China Trust Financial Results for FY 2021 11#12Strong Balance Sheet As at 31 December 2021 Non-Current Assets Current Assets Total Assets Current Liabilities Non-Current Liabilities S$'000 5,260,466 315,434 5,575,900 430,033 Net Asset Value (NAV) per Unit (S$) 1.56 Adjusted NAV per Unit 1.54 (Net of Distribution) (S$) 2,191,504 Total Liabilities 2,621,537 Unitholders' Funds 2,588,199 Perpetual Securities Holders 99,610 Non-Controlling Interest 266,554 Net Assets 2,954,363 Units in Issue ('000 units) 1,659,528 CapitaLand China Trust Financial Results for FY 2021 12#13Healthy Financial Position1 31 Dec 2021 30 Sep 2021 Offshore Loans SGD 66% Gearing² 37.7% 36.4% Onshore Loans RMB 20% Funding Sources Average Cost 2.62% 2.59% MTN 14% of Debt³ Interest Coverage4 Average Term to Maturity Notes: 4.9x 4.8x Fixed Rate 5,6 77% Interest Rates 3.4 years 3.5 years Floating Rate 23% Diversified Funding Sources S$1,993.4 million Total Debt High Proportion of Fixed Interest Rate +/(-) S$0.8 million p.a. Impact on interest expense Assuming 0.1% p.a. increase/ (decrease) in variable rate 1. All key financial indicators exclude the effect of FRS 116 Leases. 2. In accordance with the Property Funds Appendix, the aggregate leverage is calculated based on the proportionate share of total borrowings over deposited properties. 3. Ratio of the consolidated FY 2021 interest expense reflected over weighted average borrowings on balance sheet. 4. Ratio is calculated by dividing the trailing 12 months EBITDA over the trailing 12 months interest expense (exclude finance lease interest expenses under FRS 116) in accordance with MAS guidelines. 5. CLCT's hedging policy is to hedge at least 50% of undistributed income into SGD and at least 60% of total debt to fixed interest rates. As at 31 December 2021, 51% of undistributed income has been hedged into SGD. 6. Exclude RMB denominated loans. CapitaLand China Trust Financial Results for FY 2021 13#14Prudent Capital Management Well-Staggered Debt Maturity Profile S$ million 500.0 400.0 Debt Maturity Profile (31 December 2021) 33.9 4.0 3.0 139.1 131.0 300.0 35.0 150.0 200.0 300.0 300.0 130.0 250.0 270.0 100.0 150.0 47.4 50.0 0.0 2022 2023 2024 2025 2026 2027 2028 Beyond Total Total Debt (S$ million) 215.0 389.1 401.0 333.9 304.0 0.0 303.0 47.4 1,993.4 % of Total Debt maturing by end FY 10.8% 19.5% 20.0% 16.8% 15.3% 0.0% 15.2% 2.4% 100.0% CapitaLand China Trust Unsecured Offshore Loan Notes under MTN Programme Secured Onshore RMB Loan Financial Results for FY 2021 14#15Distribution Details Distribution Period Distribution per Unit 21 October 2021 to 31 December 2021 1.80 S cents Last Day of Trading on "cum" Basis Ex-Date Record Date Distribution Payment Date CapitaLand China Trust 8 February 2022, 5.00 pm 9 February 2022, 9.00 am 10 February 2022, 5.00 pm 7 March 2022 Financial Results for FY 2021 15#16Portfolio Overview CapitaLand Kunshan Bacheng Logistics Park, Kunshan, China China Trust#17Increased Income Diversification by Asset Class and Geography Asset Class Diversification Geographical Diversification ✓ Increase exposure in New Economy assets to 21.9% New Economy ✓ Increase presence in Yangtze Delta region consisting of Shanghai, Suzhou, Kunshan and Hangzhou Asset class by AUM1 Retail, 78.1% New Economy- Business Park, 14.6% New Economy- Logistics Park, 7.3% Cities by AUM1 Beijing, 38.9% Guangzhou, 14.7% Yangtze Delta², 14.5% Other Tier 2 and Provincial Cities³, 31.9% Notes: 1. 2. 3. Based on effective stake as at 31 December 2021. Including Shanghai, Suzhou, Kunshan and Hangzhou. Including Changsha, Chengdu, Xi'an, Wuhan, Harbin and Hohhot. CapitaLand China Trust Financial Results for FY 2021 17#18Portfolio Lease Expiry Profile Well-Staggered Lease Expiry Profile¹ % of total Gross Rental Income² WALE (years) Retail Business Park Logistics Park Portfolio By Gross Rental Income² 2.4 1.9 2.0 2.2 By Net Lettable Area 3.8 1.9 2.0 2.6 20.5% 16.7% 15.9% 8.9% 7.3% 0.4% 2022 2023 Retail Notes: 1. Based on committed leases as at 31 December 2021. 2. Excludes gross turnover rent. CapitaLand China Trust 6.0% 4.0% 6.4% 6.1% 4.0% 1.7% 0.9% 0.3% 0.1% 0.6% 0.2% 0.0% 2024 2025 2026 2026 and Beyond New Economy - Business Park New Economy - Logistics Park Financial Results for FY 2021 18#19Portfolio Valuation Asset Class Retail 2,3 Investment Property Capita Mall Xizhimen Rock Square Capita Mall Wangjing Capita Mall Grand Canyon Capita Mall Xuefu CapitaMall Xinnan Capita Mall Nuohemule Capita Mall Yuhuating Capita Mall Aidemengdun | CapitaMall Shuangjing Retail Total Ascendas Xinsu Portfolio Ascendas Innovation Towers Valuation (RMB million) As at As at 31 Dec 2021 31 Dec 2020 Variance (%) As at 31 Dec 2021 Valuation psm of GRA/GFA (RMB) 3,620 3,580 1.10% 43,575 3,422 3,414 0.20% 40,937 2,795 2,772 0.80% 41,097 2,022 2,125 -4.80% 28,899 1,789 1,774 0.80% 17,153 1,611 1,600 0.70% 30,045 1,020 1,006 1.40% 13,367 770 760 1.30% 13,146 446 469 -4.90% 10,278 616 610 1.00% 12,454 18,111 18,110 N.M 26,237 2,294 6,145 794 6,701 Business Park Ascendas Innovation Hub 305 7,522 Singapore-Hangzhou Science Technology Park Phase I Singapore-Hangzhou Science Technology Park Phase II Business Park Total Shanghai Fengxian Logistics Park 672 6,600 814 6,249 4,879 6,382 624 9,939 Logistics Park Kunshan Bacheng Logistics Park 330 7,509 Wuhan Yangluo Logistics Park Chengdu Shuangliu Logistics Park Logistics Park Total Total Portfolio 383 4,404 357 4,989 1,694 24,684 6,386 18,110 14,351 Notes: Valuation is presented on a 100% basis. N.M refers to Not Meaningful. 1. 23 2. 3. Retail portfolio uses Gross Rentable Area ("GRA") while business parks and logistics parks uses Gross Floor Area ("GFA"). Excludes CapitaMall Minzhongleyuan and Capita Mall Saihan as the malls were divested in February 2021 and June 2021 respectively. CapitaMall Qibao's valuation is RMB55 mil as at 31 December 2021, on the basis that CLCT does not renew the master lease, which expires in January 2024. CapitaMall Qibao is indirectly held by CLCT under a master lease with Shanghai Jin Qiu (Group) Co., Ltd, the legal owner of Qibao Mall. Accordingly, the land use right is owned by the legal owner. CapitaLand China Trust Financial Results for FY 2021 19#206IXTY BIG IT 西堤牛排 全球优质牛排 产地直选 AMERICA NEW ZEALAND CANADA AUSTRALIA 普罗旺斯法香牛排 Retail Portfolio COSTA COFFEE UECHA ·楽楽茶 Ⓡ EDED Rock Square, Guangzhou, China 不在重庆 遇见小面 遇见小面 B2 乐珠广场 国 LifeWear UNI 服适人生00 UNI QLO CapitaLand China Trust#21Retail Portfolio Overview Chengdu, 8.9% Hohhot, 5.6% Changsha," 4.2% Harbin, 12.3% Total Valuation No. of Assets RMB18.1 billion1 11 7 cities across Located in 5 core city clusters Essential Sectors² Beijing, 49.8% 中国 慧 CCTV Shanghai, 0.3% Guangzhou, 18.8% Notes: 1. Based on valuation as at 31 December 2021 on a 100% basis and excludes Capita Mall Qibao. Essential Sectors are defined as Supermarket, F&B and Services. 2. CapitaLand China Trust Cantal and 44.1% by Retail GRI ZARA Financial Results for FY 2021 21#22Tenant Sales1 Shopper Traffic (million) Improvement in Portfolio Shopper Traffic and 29630 2020 2021 +9.3% YoY² 12 120 90 60 30 0 FY 2020 FY 2021 Tenant Sales (RMB million) 6,000 4,500 3,000 1,500 0 FY 2020 FY 2021 January February March April May June July August September October 2020 2021 +16.1% YoY² 800 600 400 200 0 November December January February March April May June July August September October November December Notes: 1. 2. • 3. FY 2021 Shopper Traffic recovery is at 71.3% while FY 2021 Tenant Sales recovery is at 81.6% Due to closure of Capita Mall Xuefu, CapitaMall Aidemengdun and Capita Mall Xinnan. Positive growth despite experiencing mall closures and restrictions due to sporadic COVID-19 outbreaks • Most of the closures occurred in 2H 2021 • 96 days of closure in 2H 20213 FY 2021 spending per visit increased compared to FY 2020 Tenants' Sales and Shopper Traffic are based on CLCT's respective holding period of its multi-tenanted assets (namely Capita Mall Xizhimen, CapitaMall Wangjing, Capita Mall Grand Canyon, Capita Mall Xinnan, CapitaMall Qibao, Capita Mall Saihan, Capita Mall Nuohemule, Rock Square (100% basis), Capita Mall Xuefu, Capita Mall Aidemengdun and CapitaMall Yuhuating). Comparing YoY for FY 2021 to FY 2019, on a comparable portfolio basis and period (excluding Capita Mall Xuefu, CapitaMall Aidemengdun and Capita Mall Yuhuating prior to acquisition in September 2019): CapitaLand China Trust Financial Results for FY 2021 22#23Maintained High Retail Occupancy Investment Property 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 CapitaMall Xizhimen 96.1% 97.4% 98.9% 99.7% 99.9% Rock Square 93.1% 94.9% 96.4% 98.8% 97.0% CapitaMall Wangjing 93.3% 93.3% 93.7% 97.2%¹ 96.7%1 CapitaMall Grand Canyon 90.4% 91.9% 93.5% 94.9% 94.0% CapitaMall Xuefu 97.9% 98.2% 98.9% 99.9% 99.5% CapitaMall Xinnan 94.7% 94.5% 96.7% 96.5% 95.0% CapitaMall Nuohemule 100.0% 100.0% 100.0% 100.0% 99.1% CapitaMall Yuhuating 97.9% 97.4% 97.3% 98.6% 98.6% CapitaMall Aidemengdun 92.2% 87.9% 92.2% 97.4% 97.8% CapitaMall Qibao 80.6% 81.7% 82.6% 81.4% 81.8% CapitaMall Shuangjing 98.5% 98.5% 98.5% 100.0% 100.0% Notes: 1. 2. 96.7% 95.4% 96.3% Occupancy of 94.1% 94.4% Retail Portfolio² 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 Exclude area undergoing AEI. On the same basis, the committed occupancy as at 30 September 2021 would have been 96.1%. Based on committed leases as at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 23#24Retail Rental Reversion in FY 20211 & 867 New/Renewed Leases F&B and Fashion 云海 maxim's cakes 一云南菜一 九锅一堂 美心西餅 JUGUO YITANG Rose Cabin 满记甜品 Bakery 露封卡文·世界冠军面包 HONEYMOON DESSERT ONSDALE LONDON LFNTLY (3.4)% 82,348 Variance over Last Rental Rate 2,3 Area (sq m) Notes: 1. 2. 3. 18.0% of Total Net Lettable Area 1 野 〔〔 魔都三兄弟 Zhen Zhou Dao ע PEACEBIRD JNBY 波司登 BOSIDENG Cloth Scenery YISHIION 布景 Electric Vehicles and IT NIO * SAMSUNG WELTMEISTER ROEWE 威马汽车 11. IM Microsoft 智己汽车 Excludes master-leased mall, Capita Mall Saihan and Capita Mall Minzhongleyuan. Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for >=1 year. Includes re-configured units. CapitaLand China Trust Financial Results for FY 2021 24#25Retail Portfolio Lease Expiry Profile Lease Expiry Profile for 20221 % of Total Investment Property No. of Leases Gross Rental Income²,3 % of Total Net Lettable Area4 CapitaMall Xizhimen 109 31.8% 21.5% Rock Square 82 21.1% 13.7% CapitaMall Wangjing 109 33.6% 17.5% CapitaMall Grand Canyon 44 21.8% 8.1% CapitaMall Xuefu 222 38.6% 27.3% CapitaMall Xinnan CapitaMall Nuohemule CapitaMall Yuhuating CapitaMall Aidemengdun CapitaMall Qibao 110 29.6% 20.2% 143 33.7% 21.3% 138 43.6% 24.0% 71 34.7% 23.8% 37 18.2% 12.2% Notes: 1. Based on committed leases as at 31 December 2021. 2. Excludes gross turnover rent. 3. As a percentage of each respective mall's contractual monthly gross rental income as at 31 December 2021. 4. As a percentage of each respective mall's committed net lettable area asat 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 25 25#26Retail Portfolio Lease Expiry Profile Lease Expiry Profile by Year¹ Year No. of Leases % of Total Gross Rental Income2,3 2022 1065 29.5% 17.3% 2023 523 22.8% 14.2% 2024 420 24.0% 28.1% % of Total Net Lettable Area4 Weighted Average Lease Expiry (years) 2.4 By Gross Rental Income² 2025 112 8.7% 8.7% 2026 71 5.7% 7.5% 3.8 By Net Lettable Area Beyond 2026 79 9.3% 24.2% Notes: 1. 2. 3. Based on committed leases as at 31 December 2021. Excludes gross turnover rent. As a percentage of monthly contractual gross rental incomeasat 31 December 2021. 4. As a percentage of monthly committed net lettable area as at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 26#27Attracting Shoppers with the Latest Trends Nayuki PRO at Rock Square and CapitaMall Aidemengdun Premium tea and coffee and easy-to-grab snacks to entice fast moving consumers NAYUKI PRO Tea & Coffee Hefu Lao Noodles/ Hefu Noodle & Bar at Rock Square and CapitaMall Grand Canyon Launched innovative marketing concepts including creative food combinations to enhance shoppers' dining experience 书房里的籌生面 Dim Sum Bureau of Momo and Ling Xiao Xi at CapitaMall Yuhuating and CapitaMall Qibao Trending bakeries with unique variations of traditional pastries ALIECH to attract young consumers 中华点心墨茶点心 奈雪 の NAYUKI PRO CapitaLand China Trust 陳保医保和府小面小酒 酒 206 小熙点心铺 Financial Results for FY 2021 27#28Integrating Sustainability in our Operations Partnered with electronic vehicle tenants at Rock Square and CapitaMall Qibao, to appeal to increasing environmentally conscious shoppers 蔚来 NIO and 智己IM Motors at Rock Square Weltmeister at CapitaMall Qibao Collaborated with Inner Mongolia Museum of Natural Science to host the first commercial natural science insect exhibition to celebrate CapitaMall Nuohemule's first year opening anniversary Over the course of 50 days, 700 insect specimens were showcased to raise awareness on insect biodiversity protection. CapitaLand China Trust IM nil don Financial Results for FY 2021 28#29Ascendas Xinsu Portfolio, Suzhou, China Wascendas New Economy Portfolio Capitaland China Trust#30Business Park Portfolio Overview Xi'an 22.5% Total Valuation No. of Assets Located in High Growth Emerging Sectors² RMB4.9 billion¹ 5 3 cities 62.7% by BP GRI Suzhou, 47.0% Hangzhou, 30.5% Notes: 1. Based on valuation on a 100% basis as at 31 December 2021. 2. High Growth Emerging Sectors are defined as Electronics, Engineering, E-commerce, ICT, Financial Services and Biomedical Sciences. CapitaLand China Trust Financial Results for FY 2021 30#31Strong YoY Growth in Business Park Occupancy Investment Property Ascendas Xinsu Portfolio 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 91.6% 90.9% 93.3% 97.5% 97.4% Ascendas Innovation Towers 94.2% 91.8% 97.4% 97.8% 98.9% Ascendas Innovation Hub 93.8% 96.9% 96.2% 98.6% 98.1% Singapore-Hangzhou Science Technology Park Phase I 90.3% 91.4% 90.1% 93.4% 89.3% Singapore-Hangzhou Science Technology Park Phase II 94.0% 95.0% 95.6% 95.4% 95.7% Occupancy of Business Park Portfolio¹ Note: 1. Based on committed leases as at 31 December 2021. CapitaLand China Trust 96.7% 96.2% 92.3% 94.0% 92.1% 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 Financial Results for FY 2021 31#32Above Market Occupancies Across BP Assets Occupancy as at 31 December 2021 (%) 97.4% 86.4% 98.9% Business Park properties 98.1% 95.7% maintained strong 89.3% occupancies due to: 79.9% 79.9% 74.8% 74.8% Ascendas Xinsu Portfolio Ascendas Innovation Ascendas Innovation Towers Hub Singapore-Hangzhou Science Technology Park Phase I CLCT Submarket¹ Note: 1. Singapore-Hangzhou Science Technology Park Phase II ✓ Good relationship with and support from local government ✓ Caters to high-growth and innovation-based industries ✓ Designed to serve sophisticated and changing tenant needs ✓ Supported by cutting-edge technology Source: Colliers Research for Q4 2021. The submarket for the Ascendas Xinsu Portfolio is Suzhou Industrial Park while the submarket for Ascendas Innovation Towers and Ascendas Innovation Hub is Xi'an High-Tech Industry Development Zone and the submarket for Singapore-Hangzhou Science Technology Park Phase I and II is Hangzhou Economic and Technological Development Area. CapitaLand China Trust Financial Results for FY 2021 32 22#33Business Park Rental Reversion in FY 20211 299 H3C 数字化解决方案领导者 S New/Renewed Leases Electronics and Engineering Technology Innovator PUYA Puya IIVI @hua ME 3PEAK INCORPORATED TECHNOLOGY MONTAGE TECHNOLOGY Mazak +7.0% 179,928 Variance over Last Area (sq m) TINNO Rental Rate 2,3 天珑移动 25.4% of Total Net Lettable Area ICT and Professional Services ESSEX A 安畅网络 Anchnet Biomedical Science CASYMCHEM Thermo Fisher SCIENTIFIC The rental reversion recognition of the various business parks project begin in the month of acquisition completion with the exception of the Singapore-Hangzhou Science & Technology Park Phase I and II. The Singapore-Hangzhou Science & Technology Park Phase I and II projects were completed on 18 June 2021 but the rental reversion were recognised from the month of March 2021. Notes: 1. 2. 3. Includes re-configured units. Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for >=1 year. CapitaLand China Trust Financial Results for FY 2021 33 33#34Business Park Portfolio Lease Expiry Profile Lease Expiry Profile for 20221 Investment Property No. of Leases % of total Gross Rental Income² % of total Net Lettable Area³ 3 Ascendas Xinsu Portfolio Ascendas Innovation Towers 137 40.5% 40.3% 27 44.4% 47.2% Ascendas Innovation Hub 19 26.0% 24.9% Singapore-Hangzhou Science Technology Park Phase I 71 33.6% 33.7% Singapore-Hangzhou Science Technology Park Phase II 21 17.7% 16.7% Notes: 1. Based on committed leases as at 31 December 2021. 2. 3. As a percentage of each respective business park's effective monthly gross rental income as at 31 December 2021. As a percentage of each respective business park's committed net lettable area as at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 34 4#35Business Park Portfolio Lease Expiry Profile Lease Expiry Profile By Year¹ Year No. of Leases % of Total Gross Rental Income 2,3 % of Total Net Lettable Area4 2022 275 35.0% 35.4% 2023 229 28.8% 26.8% Weighted Average Lease Expiry (years) 1.9 By Gross Rental Income² 2024 162 23.5% 24.0% 2025 25 3.4% 2.9% 1.9 2026 11 2.5% 3.0% By Net Lettable Area Beyond 2026 9 6.8% 7.9% Notes: 1. Based on committed leases as at 31 December 2021. 2. Excludes gross turnover rent for amenities within business parks. 3. As a percentage of monthly effective gross rental income as at 31 December 2021. 4. As a percentage of monthly committed net lettable area as at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 55 35#36Nurturing our Business Park Community ZP 卷。 Organised a Singles event at Ascendas Xinsu Portfolio for tenants to establish new friendships through fun-filled interactive games Held an annual tug-of-war competition at Ascendas Innovation Towers and Ascendas Innovation Hub Hopped onto the Squid Game trend to organise a Halloween Squid Game event at Ascendas Innovation Towers and Ascendas Innovation Hub CapitaLand China Trust 新华三,加浓!新华三,败! Financial Results for FY 2021 36#37Logistics Park Portfolio Overview Total Valuation Chengdu, 21.1% Note: 1. Based on valuation as at 31 December 2021. CapitaLand China Trust RMB1.7 billion 1 No. of Assets 4 Wuhan, 22.6% Located in 4 cities Kunshan, 19.5% Shanghai, 36.8% Financial Results for FY 2021 37#38Increased Logistics Park Occupancy since Acquisition Investment Property 30-Aug-21 31-Dec-21 Shanghai Fengxian Logistics Park 98.6% 98.6% Kunshan Bacheng Logistics Park 99.4% 99.4% Wuhan Yangluo Logistics Park 97.6% 99.4% Chengdu Shuangliu Logistics Park 90.5% 92.2% Occupancy of Logistics Park Portfolio¹ 1 Based on committed leases as at 31 December 2021. Notes: 1. 2. By NLA. CapitaLand China Trust 96.3% 97.4% >80% of logistics park leases² have rental escalations embedded in lease Step up ranging from 3% to 5% p.a. With rental escalations % of Logistics Park Leases by NLA 30-Aug-21 31-Dec-21 With rental escalations: >80% Without rental escalations: <20% Financial Results for FY 2021 38#39Logistics Park Rental Reversion in FY 20211 4 New/Renewed Leases +2.7% Variance over Last Rental Rate 2,3 19,455 Area (sq m) 7.4% of Total Net Lettable Area Notes: 1. 2. Completion of the four logistics parks located in Shanghai, Kunshan, Wuhan and Chengdu was on 10 November 2021. The rental reversion recognition of this logistics project began in the month of acquisition completion (November). Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for >=1 year. 3. Includes re-configured units. CapitaLand China Trust Financial Results for FY 2021 39#40Logistics Park Portfolio Lease Expiry Profile Lease Expiry Profile for 20221 Investment Property No. of Leases % of Total Gross Rental Income² % of Total Net Lettable Area³ Shanghai Fengxian Logistics Park 0 0.0% 0.0% Kunshan Bacheng Logistics Park 1 0.7% 1.0% Wuhan Yangluo Logistics Park 10 5.0% 4.9% Chengdu Shuangliu Logistics Park Notes: 1. Based on committed leases as at 31 December 2021. 2. 3. As a percentage of each respective logistics park's effective monthly gross rental income asat 31 December 2021. As a percentage of each respective logistics park's committed net lettable area as at 31 December 2021. CapitaLand China Trust 12 31.0% 31.3% Financial Results for FY 2021 40#41Logistics Park Portfolio Lease Expiry Profile Lease Expiry Profile By Year¹ Year No. of Leases % of Total Gross Rental Income² % of Total Net Lettable Area³ 2022 23 8.5% 9.3% 2023 13 79.5% 78.2% Weighted Average Lease Expiry (years) 2.0 By Gross Rental Income² 2024 00 6 5.4% 5.7% 2025 2 1.7% 1.8% 2.0 2026 1 4.9% 5.0% By Net Lettable Area Beyond 2026 0 0.0% 0.0% Notes: 1. Based on committed leases as at 31 December 2021. 2. As a percentage of monthly effective gross rental income as at 31 December 2021. 3. As a percentage of monthly committed net lettable area asat 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 41#4261 Looking Forward Capita Mall Xinnan, Chengdu, China CapitaLand China Trust#43CLCT Key Strategies Innovative Value Drive Organic Growth Enhancement Value Extract Create Unlock Value Reconstitution Value Disciplined Portfolio Recon 2 Key Objectives 1 Molle Rec Disciplined Portfolio Reconstitution - Create Value ✓ Increase diversification and resilience of revenue streams ✓ Expand footprint into targeted growth cities ✓ Engage Sponsor's pipeline and third-party vendors Disciplined Portfolio Reconstitution - Unlock Value ✓ Monetise older assets and acquire newer assets with higher growth potential ✓ Decrease exposure to lower growth and non-core malls CapitaLand China Trust 3 Drive Organic Growth and Innovative Value Enhancement Extract Value - ✓ Drive operational excellence, continuous AEI and space optimisation Financial Results for FY 2021 43#44Growth Roadmap With Execution Track Record Near-Term ✓ Seeking sizeable and quality assets Acquisition ✓ Leverage internal Group pipeline and Target source external deal opportunities Create Value ✓ In new economy asset classes ✓ Diversify key city footprint and align with China's economic growth plans to capture consumption-driven, higher-value, service-led economy New Economy: 21.9% 5-Year Acquisition Growth Roadmap Retail, 78.1% - New Economy Business Park, 14.6% New Economy - Logistics Park, 7.3% 2021 Asset Class by AUM1 Note: 1. Focus on New Economy assets in the near-term 2026 Asset Class by AUM Retail, 30% New Economy, 30% Commercial/ Integrated Developments, 40% Based on effective stake as at 31 December 2021. Expand into Commercial / Integrated Developments ...as we continue to rejuvenate and strengthen our retail assets CapitaLand China Trust Financial Results for FY 2021 44#45Optimising Portfolio to Enhance Returns Extract Value ✓ CapitaMall Wangjing: AEI to rejuvenate ~14,000 sq m of recovered anchor department store space ~20% of prime lettable area across Level 1 to 3 will be refreshed and optimised Reduced exposure to dated Department Stores from 15.0% to 0.0%¹ Top retail tenant group exposure will reduce from 3.0% to 2.3%² Positive leasing responses received: • ~31.5% of AEI NLA have been secured Additional 850 sqm NLA is at advanced negotiation stage >100% Increase in Total Rent Post AEI 3Q 2022 AEI Completion Expected progressive Ascendas Xinsu Portfolio: Converting 3 R&D units and part of existing lobby space at level 1 into co-working space (Bridge +) Enhance competitiveness of the asset by adding co-working amenities in existing R&D building ✓ Capture spillover space needs of existing tenants and ad-hoc space needs of new co- working users Enhance efficiency of level 1 floor area while carving out more areas for collaboration 2Q 2022 Expected progressive AEI Completion Notes: 1. 2. Comparing 31 December 2016 to 30 September 2021. By total rental income as of 31 December 2021, comparing to before and after department store termination. CapitaLand China Trust Financial Results for FY 2021 45#46Business Outlook and Key Focus Operational Outlook Consumer spending and business confidence are dependent on the sporadic COVID-19 outbreaks as well as government containment policies • Continue to enhance operational and financial performance while responding to changing environment Key Focus Local governments have unveiled plans to boost consumption using various policies and marketing campaigns Retail Business Park Logistics Park • Adopt active and flexible approach, optimising tenant mix and redefining spaces to attract shoppers Expect leasing environment to be competitive Positioned to benefit from structural upgrading of economy towards innovation-driven growth; Central Government has started range of policy tools available to support real estate sector and economy Positive business confidence observed on-the-ground Expect steady leasing demand to continue for our Business Parks Expect underlying growth to continue with demand coming from e- commerce, 3PLs and manufacturers from Eastern and Western China, buoyed by ongoing global demand¹ 1. Resilient and Quality Portfolio Retail: Focus on offering lifestyle essentials and necessities to densely populated catchments ✓ CapitaStar: Harness CapitaStar platform to drive omni-channel offerings and value-add services New Economy: Provide high standards of property management and customer solutions 2. Experienced Ground Team With strong domain knowledge to capture new business trends 3. Prudent Capital Management 4. Access to Pipeline of High-Quality Assets held under CapitaLand Group and Opportunities from Third-Party Vendors Note: 1. CBRE: Record high leasing demand heralds start of new growth cycle, China, 3Q 2021 MarketView. CapitaLand China Trust Financial Results for FY 2021 46#47CapitaMall Xuefu, Harbin, China 凯德广场 期 Thank you CEN EX For enquiries, please contact: Ms Nicole Chen, Investor Relations Direct: (65) 67131648, Email: [email protected] CapitaLand China Trust Management Limited (https://www.clct.com.sg) 168 Robinson Road, #30-01 Capital Tower, Singapore 068912 Tel:(65) 67132888,Fax: (65)67132999 zza Hut 4: M 59 N种吃法 必胜客 欢乐餐厅 虾仁水位 769 海底捞火锅 《快乐柠檬 happylemon 吉野家 YOSHINOYA#48Gross Revenue (in RMB'mil) Portfolio1 300 282 FY 2021 1,826.1 250 RMB mil 198 197 200 M 150 72.9% YOY 100 FY 2020 50 1,056.2 RMB mil FY 2020 FY 2021 (Retail) 154 117 81 Capita Mall Xizhimen Rock Square Capita Mall Wangjing Capita Mall Grand Canyon Capita Mall Xuefu Capita Mall Xinnan 94 = Capita Mall Nuohemule 76 34 4 70 10 Capita Mall Qibao Capita Mall Shuangjing Capita Mall Yuhuating CapitaMall Aidemengdun FY 2021 (Business Park and Logistics Park) 43 1 Capita Mall Minzhongleyuan2 Capita Mall Saihan 2 Notes: 1. 2. Presented based on 100% interest. Capita Mall Saihan and Capita Mall Minzhongleyuan were divested on 7 June 2021 and 10 February 2021 respectively. CapitaLand China Trust Ascendas Xinsu Portfolio 212 71 76 28 SHSTP Phase | Ascendas Innovation Towers Ascendas Innovation Hub 81 14 21 SHSTP Phase II Shanghai Fengxian Logistics Park 4 33 Kunshan Bacheng Logistics Park Wuhan Yangluo Logistics Park Chengdu Shuangliu Logistics Park Financial Results for FY 2021 48#49Net Property Income (in RMB'mil) Portfolio¹ 300 FY 2021 1,209.9 250 RMB mil 192 200 150 78.4% YoY 100 FY 2020 50 678.2 RMB mil 137 135 FY 2020 FY 2021 (Retail) FY 2021 (Business Park and Logistics Park) Capita Mall Xizhimen Rock Square Capita Mall Wangjing Capita Mall Grand Canyon Capita Mall Xuefu 58 97 78 45 36 12 Capita Mall Xinnan Capita Mall Nuohemule Capita Mall Yuhuating Capita Mall Aidemengdun 45 154 Capita Mall Qibao Capita Mall Shuangjing Capita Mall Minzhongleyuan 2 34 Capita Mall Saihan 2 Ascendas Xinsu Portfolio Ascendas Innovation Towers Notes: 1. 2. Presented based on 100% interest. Capita Mall Saihan and Capita Mall Minzhongleyuan were divested on 7 June 2021 and 10 February 2021 respectively. CapitaLand China Trust 63 50 45 20 Ascendas Innovation Hub SHSTP Phase I SHSTP Phase II Shanghai Fengxian Logistics Park Kunshan Bacheng Logistics Park 3 2 3 1 Wuhan Yangluo Logistics Park Chengdu Shuangliu Logistics Park Financial Results for FY 2021 49#50Strength in Portfolio Diversification and Quality Well-Diversified Exposure with more than 20 Trade Categories Across the Portfolio Retail Supermarket 5.1% Services 2.8% 30.6% Food & Beverage 22.7% Essential Sectors Other Retail and Product Trades New Economy² Fashion 15.3% Leisure & Entertainment 2.8% 21.1% Growth Sectors Beauty & Healthcare 4.3% Other Business Park and Logistics Park Trades Professional Services 2.7% Electronics 4.6% Engineering 3.5% Real Estate Others 2.5% 4.2% Sporting Goods & Apparel 2.9% Education 2.3% Jewellery/Watches 1.9% Home Living 1.9% IT & Telecommunication 1.9% Shoes & Bags 1.5% Other Retail and Product Trades Others 4.1% 16.5% Notes: 1. Current portfolio includes retail and business park portfolio as at 31 December 2021 on a 100% basis. 2. Includes both business park and logistics park assets. By Portfolio GRI¹ E-Commerce 2.4% ICT 3.1% Financial Services 1.1% Biomedical Sciences 2.1% Logistics & Warehouse 4.3% Other Business Park and Logistics Park Trades 9.4% CapitaLand China Trust Financial Results for FY 2021 50#51Quality Retail and Business Park Tenants Across Essential and Emerging High-Growth Sectors 44.1% Essential Sectors² 62.7% High Growth Emerging Sectors² Electronics, 17.9% Engineering, 13.8% By Retail GRI¹ F&B, 32.7% By Business Supermarket, 7.4% Park GRI¹ Services, 4.0 % ICT, 12.3% Others, 55.9% Biomedical Science, 7.6% E-Commerce, 6.8% Financial Services, 4.3% Others, 37.3% Notes: 1. As at 31 December 2021. 2. 3. Essential Sectors are defined as Supermarket, F&B and Services. High Growth Emerging Sectors are defined as Electronics, Engineering, E-commerce, ICT, Financial Services and Biomedical Sciences. As at 30 September 2021. CapitaLand China Trust Financial Results for FY 2021 51#52Anchored by Strong Logistics Tenants in Rapid Growth Sectors 36.6% Note: 1. 2.4% 1.6% 2.7% By Logistics Park GRI¹ 56.7% Logistics and warehouse, 56.7% • Key tenants include domestic market leaders for supply chain solutions and China's leading technology-driven supply chain and logistics supply provider E-commerce, 36.6% • Strong sector growth underpinned by accelerated online sales penetration Key tenants include established e-commerce platforms, including a top-3 B2C online retailer Pharmaceuticals, 2.7% • China is poised to become a global hub of innovation in medical development technology Manufacturing, 2.4% Preferred destination for global manufacturing facilities Others, 1.6% As at 31 December 2021. CapitaLand China Trust • Tenants providing outsourced services in support of the anchor tenants Financial Results for FY 2021 52 52#53Retail Rental Reversion in FY 20211 From 1 Jan to 31 Dec 2021 No. of new leases/renewals Area % of Total Net Var. over last rental Investment Property (sq m) Lettable Area rate 2,3 CapitaMall Xizhimen 121 12,413 24.5% (5.6)% Rock Square 96 14,470 27.1% 7.9% CapitaMall Wangjing 76 6,915 18.4% (10.3)% Capita Mall Grand Canyon 38 3,547 8.0% (3.9)% CapitaMall Xuefu 214 19,716 30.7% (1.2)% CapitaMall Xinnan 90 6,744 18.2% (11.2)% CapitaMall Nuohemule CapitaMall Yuhuating CapitaMall Aidemengdun CapitaMall Qibao 42 1,671 3.8% 2.8% 73 4,691 9.7% 6.4% 65 5,474 19.4% (15.0)% 52 6,707 13.2% (13.6)% Retail Portfolio 867 82,348 18.0% (3.4)% Notes: 1. Excludes master-leased mall, Capita Mall Saihan and Capita Mall Minzhongleyuan. 2. 3. Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for >=1 year. Includes re-configured units. CapitaLand China Trust Financial Results for FY 2021 53#54Business Park Rental Reversion in FY 20211 Investment Property Ascendas Xinsu Portfolio Ascendas Innovation Towers From 1 Jan to 31 Dec 2021 No. of new leases/renewals Area (sq m) % of Total Net Lettable Area Var. over last rental rate 2,3 138 94,998 27.2% 5.1% Ascendas Innovation Hub 22 29 16,661 17.4% 12.3% 24 14,600 40.2% 2.7% Singapore-Hangzhou Science Technology Park Phase I 84 38,763 38.2% 6.7% Singapore-Hangzhou Science Technology Park Phase II 24 14,906 11.8% 18.3% Business Park Portfolio 299 179,928 25.4% 7.0% The rental reversion recognition of the various business parks project begin in the month of acquisition completion with the exception of the Singapore-Hangzhou Science & Technology Park Phase I and II. The Singapore-Hangzhou Science & Technology Park Phase I and II projects were completed on 18 June 2021 but the rental reversion were recognized from the month of March 2021. The rental reversion recognition of Ascendas Xinsu Portfolio, Ascendas Innovation Towers and Ascendas Innovation Hub in the months of January 2021, February 2021 and February 2021 respectively. Notes: 1. 2. Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for>=1 year. 3. Includes re-configured units. CapitaLand China Trust Financial Results for FY 2021 54 5.4#55Portfolio at a Glance1 CapitaMall Xizhimen Rock Square CapitaMall Wangjing CapitaMall Grand Canyon 乐峰广场 凯德MALL•西直门 凯德MALL·望京 凯德MALL·大峡谷 Location Beijing Guangzhou Beijing Beijing GFA (sqm) GRA (sq m) 83,075 88,279 83,768 92,918 83,075 83,591 68,010 69,967 NLA (sq m) 50,713 53,316 37,5682 44,230 Land Use Right Expiry 23 Aug 2044 17 Oct 2045 23 Aug 2054 15 May 2043 15 May 2053 29 Aug 2044 29 Aug 2054 Valuation (RMB mil) 3,620 3,422 2,795 2,022 Committed Occupancy 99.9% 97.0% 96.7%² 94.0% Stake 100.0% 100.0% 100.0% 100.0% Notes: 1. As at 31 December 2021. 2. Excludesarea undergoing AEI. CapitaLand China Trust Financial Results for FY 2021 55#56Portfolio at a Glance1 CapitaMall CapitaMall Xuefu 凯德广场·学府 CapitaMall Xinnan 凯德广场·新南 Nuohemule 凯德广场·诺和木勒 CapitaMall Yuhuating 凯德广场•雨花亭 Location Harbin Chengdu Hohhot Changsha GFA (sq m) GRA (sq m) 123,811 91,816 100,047 75,431 104,294 53,619 76,309 58,575 NLA (sq m) 64,164 37,027 44,291 48,402 Land Use Right Expiry 15 Dec 2045 17 Oct 2047 26 Jul 2049 03 Mar 2044 Valuation (RMB mil) 1,789 1,611 1,020 770 Committed Occupancy Stake 99.5% 95.0% 99.1% 98.6% 100.0% 100.0% 100.0% 100.0% Note: 1. As at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 56#57Portfolio at a Glance1 CapitaMall Aidemengdun 凯德广场·埃德蒙顿 CapitaMall Qibao CapitaMall Shuangjing 凯德七宝购物广场 凯德MALL·双井 Location Harbin Shanghai Beijing GFA (sq m) GRA (sq m) 49,040 83,986 49,463 43,394 72,729 49,463 NLA (sq m) 28,199 50,642 49,568 Land Use Right Expiry 7 Sep 2042 10 Mar 20432 10 Jul 2042 Valuation (RMB mil) 446 552 616 Committed Occupancy Stake 97.8% 100.0% 81.8% 100.0% 100.0% 100.0% Notes: 1. As at 31 December 2021. 2. CapitaMall Qibao is indirectly held by CLCT under a master lease with Shanghai Jin Qiu (Group) Co Ltd, the legal owner of Qibao Mall Accordingly, the land use right is owned by the legal owner. CapitaMall Qibao's valuation is RMB 55 mil as at 31 Dec 2021 on the basis that CLCT does not renew the master lease, which expires in January 2024. CapitaLand China Trust Financial Results for FY 2021 57#58Portfolio at a Glance1 Ascendas Xinsu Portfolio Ascendas Ascendas Singapore-Hangzhou Singapore-Hangzhou Science Technology Science Technology 腾飞新苏 Innovation Towers 新加坡腾飞科汇城 Innovation Hub Park Phase I Park Phase II 腾飞创新中心 新加坡杭州科技园一期 新加坡杭州科技园二期 Location GFA (sq m) NLA (sq m) Suzhou Xi'an Xi'an Hangzhou Hangzhou 373,334 118,495 40,547 101,811 130,261 348,834 95,586 36,288 101,450 126,294 Land Use Right Expiry 31 Dec 2046 to 30 May 20572 19 Feb 2064 23 May 2051 4 Sep 2056 6 Jul 2060 Valuation (RMB mil) 2,294 794 305 672 814 Committed Occupancy 97.4% 98.9% 98.1% 89.3% 95.7% Stake 51.0% 100.0% 80.0% 80.0% 80.0% Notes: 1. As at 31 December 2021. 2. Ascendas Xinsu Portfolio consists of multiple plots of land with varying land use right expiry. CapitaLand China Trust Financial Results for FY 2021 58#59Portfolio at a Glance1 Shanghai Fengxian Logistics Park Kunshan Bacheng Wuhan Yangluo Chengdu Shuangliu Logistics Park Logistics Park Logistics Park Location Shanghai Kunshan Wuhan GFA (sq m) 62,785 43,945 86,973 Chengdu 71,556 Land Use Right Expiry 20 July 2059 16 June 2064 14 July 2064 25 April 2062 Valuation (RMB mil) 624 330 383 357 Committed Occupancy 98.6% 99.4% 99.4% 92.2% Stake 100.0% 100.0% 100.0% 100.0% Note: 1. As at 31 December 2021. CapitaLand China Trust Financial Results for FY 2021 59 59