2Q 2020 Financial Results

About Sasseur Group - Strong Sponsor Introduction to Sasseur Group Founded in 1989, Sasseur is one of the leading premium outlet groups in the People's Republic of China ("PRC"), that focuses on the development and operation of retail outlet malls in the PRC As of Sep 2020, Sasseur manages 11 outlet malls in 10 major Chinese cities Leverages on the founder's passion for art and culture to develop and design all of Sasseur's outlet malls, thus offering a unique lifestyle experience for its customers Founded by Vito Xu Vito Xu is the founder and chairman of Sasseur with a wealth of experience in the fashion industry. In 1992, he entered the clothing industry and created his own women's wear fashion line - Sasseur ■ In 2008, he built the first Sasseur outlet in Chongqing, an art piece that has won numerous awards Recipient of numerous prestigious awards 龍 Changchun Lanzhou Xi'an Nanjing Hefei Bishan Chongqing Changsha Guiyang Kunming Hangzhou 31 years of history Supported by Strategic Shareholders L CATTERTON ASIA ■ Largest pan-Asian consumer- focused private equity firm that operates within a global L Catterton platform Manages over USD 1.6 billion AUM (USD 2.6 billion with co- investments) (2) Affiliate of the Fortune 500 平安不动产专业共赢 company Ping An Insurance ■ Professional real estate PINGAN REALESTATE investment, development and (1) Provided by L Catterton Asia on 19 September 2017 management platform of Ping An Insurance (2) Extracted from Ping An Real Estate website (http://realestate.pingan.com/realestate/html/about.html) on 2 January 2020 ■ AUM of approximately RMB 420 billion (USD 60 billion)(3) 10 SGinvestors REIT SASSEUR

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