2Q 2020 Financial Results

Key Investment Highlights EXPOSURE TO THE PRC'S FAST-GROWING RETAIL OUTLET MALL SECTOR STRONG GROWTH POTENTIAL STRATEGICALLY LOCATED PORTFOLIO IN FAST-GROWING CITIES (1) Source: China Insights Consultancy Growing middle-class population in the PRC creates a large potential customer base for the outlet mall market in the PRC Resulting increase in spending power represents a sweet spot for the retail outlet mall industry The PRC's outlet industry expected to become the world's largest outlet market in terms of sales revenue by 2030 (1) Two right of first refusal properties ("ROFR Properties") and nine Pipeline Properties Assuming Sasseur REIT acquires the full interest in the ROFR Properties and Pipeline Properties, it will almost quadraple the total gross floor area of the Initial Portfolio Leading privately-owned outlet mall operator in the Chinese outlet mall industry1 First-mover advantage in the Tier-2 PRC cities with an increasing addressable market size(2) Diversified mix of tenants across various trade sectors (2) Defined as the sales revenue opportunity available in the outlet industry after considering information such as economic development, population size, residents' disposable income and outlets penetration SGinvestors REIT SASSEUR

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