ESR-LOGOS REIT - Annual Report 2023

Annual Report 2023 IN SYNERGY STRENGTH

ABOUT US Vision To be a leading Real Estate Investment Trust with a portfolio of quality industrial assets. Mission To deliver stable returns and long-term capital growth to our Unitholders. To develop a resilient and balanced portfolio through strategic investment of quality assets, proactive asset management of our properties, and prudent capital and risk management. To operate with credibility for the benefit of our Unitholders, tenants, employees, partners and other stakeholders within the communities in which we do business. About ESR-LOGOS REIT ESR-LOGOS REIT is a leading New Economy and future-ready Asia Pacific S-REIT. Listed on the Singapore Exchange Securities Trading Limited since 25 July 2006, ESR-LOGOS REIT invests in quality income-producing industrial properties in key gateway markets. As at 31 December 2023, ESR-LOGOS REIT holds interests in a diversified portfolio of logistics properties, high-specifications industrial properties, business parks and general industrial properties with total assets of approximately S$5.1 billion. Its portfolio comprises 72 properties (excluding 48 Pandan Road held through a joint venture) located across the developed markets of Singapore (52 assets), Australia (19 assets) and Japan (1 asset), with a total gross floor area of approximately 2.1 million sqm, as well as investments in three property funds in Australia. ESR-LOGOS REIT is also a constituent of the FTSE EPRA Nareit Global Real Estate Index. ESR-LOGOS REIT is managed by ESR-LOGOS Funds Management (S) Limited (the “Manager”) and sponsored by ESR Group Limited (“ESR”). The Manager is owned by ESR (99.0%) and Shanghai Summit Pte. Ltd. (1.0%), respectively. For further information on ESR-LOGOS REIT, please visit www.esr-logosreit.com.sg.

CONTENTS The figures in this report may be subject to rounding differences. 8 Trust Structure 9 Organisation Structure 10 About Our Sponsor 12 Message to Unitholders 18 Year in Brief 20 FY2023 Key Highlights 22 Five-Year Financial Highlights 24 Unit Price Performance 26 Board of Directors 32 Management Team 36 Value Creation 38 Key Trends Underpinning Our Strategy 40 Investor Engagement 45 Operations Review 54 Financial Review 58 Capital Management 60 Singapore Industrial Property Market Overview 74 Australia Industrial Property Market Overview 95 Japan Industrial Property Market Overview 104 Property Portfolio Maps and Details 128 Risk Management 134 Corporate Governance 161 Sustainability Report 220 Financials 227 Financial Statements 332 Additional Information 336 Statistics of Unitholders 339 Notice of AGM Proxy Form Request Form Corporate Directory

AND FUTURE-READY ASIA PACIFIC S-REIT A LEADING NEW ECONOMY NUMBER OF PROPERTIES 72 ACROSS SINGAPORE, AUSTRALIA AND JAPAN Amidst the prevailing global challenges and macroeconomic uncertainties, ESR-LOGOS REIT has persistently forged ahead with its strategic initiatives to strengthen its position as a prominent Asia Pacific S-REIT focused on the New Economy and future-ready sectors. Our focused commitment to our “4R Strategy” — (i) portfolio Rejuvenation; (ii) capital Recycling; (iii) Recapitalising balance sheet; and (iv) Reinforcing sponsor support, has not only fortified our financial fundamentals but also strategically positioned us to navigate through these challenges with resilience and confidence.

62.2% NEW ECONOMY EXPOSURE TOTAL ASSETS S$5.1 BILLION1 1 as at 31 December 2023 7002 Ang Mo Kio Avenue 5, Singapore

Guided by our portfolio Rejuvenation strategy aimed at developing a resilient and well-balanced portfolio, we attained the Temporary Occupancy Permit (TOP) for the asset enhancement initiative at 7002 Ang Mo Kio Avenue 5 in FY2023 and the Built-to-Suit redevelopment at 21B Senoko Loop in 1Q2024. Furthermore, we strategically optimised our portfolio by divesting 10 non-core assets, utilising the proceeds to fortify our balance sheet, positioning ESR-LOGOS REIT favourably to reduce existing debt and strategically deploy funds into promising New Economy assets in the future. COMPLETED 10 DIVESTMENTS OF NON-CORE ASSETS AGGREGATING S$440.6 MILLION AS PART OF CAPITAL RECYCLING STRATEGY COMPLETED ASSET ENHANCEMENTS • 7002 ANG MO KIO AVENUE 5, SINGAPORE • BUILT-TO-SUIT REDEVELOPMENT OF 21B SENOKO LOOP, SINGAPORE 2

OCCUPANCY RATE 92.8% RENTAL REVERSION +11.1% ENHANCED AND OPTIMISED PORTFOLIO ESR Sakura Distribution Centre, Japan

GROSS REVENUE S$386.4 MILLION +12.6% Y-O-Y NET PROPERTY INCOME S$273.2 MILLION +11.8% Y-O-Y DPU 2.564 CENTS AND CAPITAL FOOTHOLD SOLIDIFYING FINANCIAL 67 – 93 National Boulevard, Australia

FIXED INTEREST RATE EXPOSURE 81.6% WEIGHTED AVERAGE FIXED DEBT EXPIRY 1.3 YEARS WELL SUPPORTED BY 9 LENDING BANKS COMMITTED UNDRAWN REVOLVING CREDIT FACILITY AVAILABLE S$280.9 MILLION At ESR-LOGOS REIT, our commitment is anchored in delivering value for Unitholders and investors by consistently achieving robust financial performance and employing capital management strategies. Through these strategies, we are poised to navigate the dynamic global business landscape with confidence, ensuring the delivery of stable performance and long-term value for our Unitholders.

TRUST STRUCTURE STRENGTH IN SYNERGY 8 ESR-LOGOS REIT Property Manager ESR-LOGOS REIT Manager Trustee Acts on behalf of Sub-Trusts Trustee fees Management and other fees Management services Property management and other fees Property management services 100.0% ESR Group c.5.56%(1) c.16.94%(1) c.77.50% Acts on behalf of ESR-LOGOS REIT Unitholders Trustee fees Other Investors Mr. Tong Jinquan 1.0% 99.0% VIVA Trust (Sub-Trust) ALOG Trust (Sub-Trust) Assets 100.0% 100.0% 80.0% 49.0% 100.0% 7000 AMK LLP PTC Logistics Hub LLP ESRLOGOS REIT TMK1 ESR-LOGOS REIT Note: (1) Includes direct interests and/or deemed interests through holding entities in ESR-LOGOS REIT. Figures as at 29 February 2024.

ESR-LOGOS REIT Annual Report 2023 9 ORGANISATION STRUCTURE ESR-LOGOS FUNDS MANAGEMENT (S) LIMITED BOARD OF DIRECTORS Ms. Stefanie Yuen Thio Independent Non-Executive Chairperson Mr. Ronald Lim Independent Non-Executive Director Mr. Nagaraj Sivaram Independent Non-Executive Director Dr. Julie Lo Lai Wan Independent Non-Executive Director Mr. Loi Pok Yen Independent Non-Executive Director Mr. George Agethen Non-Executive Director Mr. Stuart Gibson Non-Executive Director Mr. Shen Jinchu, Jeffrey Non-Executive Director Mr. Trent Iliffe Non-Executive Director ESR-LOGOS FUNDS MANAGEMENT (S) LIMITED MANAGEMENT TEAM CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR Mr. Adrian Chui AUDIT, RISK MANAGEMENT AND COMPLIANCE COMMITTEE (“ARCC”) NOMINATING AND REMUNERATION COMMITTEE (“NRC”) INVESTMENT COMMITTEE (“IC”) COMPANY SECRETARY Mr. Nagaraj Sivaram (Chairperson) Ms. Stefanie Yuen Thio Mr. Loi Pok Yen Mr. Ronald Lim (Chairperson) Ms. Stefanie Yuen Thio Mr. Shen Jinchu, Jeffrey Mr. Stuart Gibson Mr. Loi Pok Yen (Chairperson) Mr. Ronald Lim Dr. Julie Lo Lai Wan Mr. Shen Jinchu, Jeffrey Mr. Stuart Gibson Mr. Trent Iliffe Ms. Angeline Chiang Mr. Adrian Chui Chief Executive Officer and Executive Director

ABOUT OUR SPONSOR STRENGTH IN SYNERGY 10 ESR Group (“ESR”) is Asia-Pacific's (“APAC”) leading real asset manager powered by the New Economy and one of the largest listed real estate investment managers. With US$81 billion in fee-related assets under management (“AUM”), ESR's fully integrated fund management and development platform extends across various APAC markets, comprising Australia/New Zealand, Japan, South Korea, Greater China, Singapore, Southeast Asia and India, with a presence in Europe and the U.S. ESR is listed on the Main Board of The Stock Exchange of Hong Kong, and is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite and MSCI Hong Kong Indices. Visit www.esr.com for more information. INVESTMENT ESR's investments comprise coinvestments into its funds and REITs under management, investments in listed/privately held real estate investment vehicles, as well as investment properties (completed and under development). NEW ECONOMY DEVELOPMENT ESR's New Economy development platform has a comprehensive suite of technical capabilities and services covering every stage of the development cycle including land sourcing, design, construction and leasing. FUND MANAGEMENT ESR manages a broad range of funds and investment vehicles that invest in a diverse portfolio of premium real assets in various stages of the property life cycle, providing a single interface with multiple investment opportunities for its capital partners. Asset-light and Scalable Business Model ESR is the fourth largest listed real estate investment manager globally and ranked as top fund manager in Asia Pacific by fee-related AUM1. 1 Based on the ANREV Fund Manager Survey published on 29 May 2023. ESR’s fully-integrated fund management and development platform and business model generates recurring fees throughout the real asset value chain comprising asset management fees, development fees, acquisition and divestment fees, as well as promote fees. ESR is a leader in New Economy that delivers both quality and scale in logistics, data centres and in new emerging areas of growth such as life sciences and high-tech industrials. ESR’s unique platform extends key APAC markets of which about 95% of fee income contribution is from APAC, grounded with a strong local team presence, brand premium and stakeholder relationships in each of its operating markets. New Economy Alternatives REITs Extensive APAC footprint with global reach APAC's Leading Real Asset Manager Powered by the New Economy Full Suite of Investment Solutions

ESR-LOGOS REIT enjoys a distinct competitive advantage through its affiliation with ESR Group as a Sponsor. This partnership grants us access to their extensive pipeline of New Economy assets and provides crucial financial support for fundraising initiatives. A testament to this advantage is our successful acquisition of ESR Sakura Distribution Centre in Japan in FY2022. Additionally, the S$150 million Preferential Offering which was part of our S$300 million Equity Fund Raising exercise in FY2023 was also fully backstopped by ESR Group, furnishing ESR-LOGOS REIT with the financial backing necessary to execute our growth strategies effectively.

MESSAGE TO UNITHOLDERS STRENGTH IN SYNERGY 12 Dear Unitholders, As we look back at FY2023 and the rapidly rising inflationary and interest rate environment prevalent then, we are pleased to report a set of robust operational and financial results which showcases the resilience and strength of our portfolio, reflecting the proactive measures we took early to reinforce our balance sheet and to fortify ESR-LOGOS REIT as a leading New Economy and futureready Asia Pacific S-REIT. As FY2023 unfolded against a backdrop of global challenges, we found ourselves navigating choppy waters of soaring inflation, with global central banks imposing high interest rates to tackle it. Geopolitical uncertainties also continued to weigh on global supply chains. These challenges had notable impact on the overall REIT industry. Our performance in FY2023 was intricately connected to the execution of our “4R Strategy”: Recapitalising balance sheet, portfolio Rejuvenation, capital Recycling, and Reinforcing Sponsor support. Through these pillars, we undertook proactive measures early in anticipation of the near term impact of soaring inflation and runaway interest rate increases which would have profound repercussions on our portfolio performance, valuation and gearing. We conducted an equity fund raising and divested noncore assets early in the year to Recapitalise our balance sheet. With a stronger balance sheet mitigating expensive financing costs, ESR-LOGOS REIT was able to continue focusing our resources on portfolio Rejuvenation by completing our Asset Enhancement Initiatives (“AEIs”) and redevelopment on time and on budget. From left to right: MR. ADRIAN CHUI Chief Executive Officer and Executive Director MS. STEFANIE YUEN THIO Independent Non-Executive Chairperson

ESR-LOGOS REIT Annual Report 2023 13 FY2023 Financial Performance Our financial performance for FY2023 underscores our commitment to provide stability to our earnings and we are pleased to have delivered a set of resilient results amidst the inflationary uncertainties that continue to plague the wider market. FY2023 Gross Revenue recorded a robust 12.6% increase to S$386.4 million from S$343.2 million in FY2022. This growth was predominantly driven by the full-year contribution from ALOG Trust after the Merger in April 2022 and the acquisition of ESR Sakura Distribution Centre in Japan in October 2022. However, the loss of income resulting from the divestments of non-core assets throughout the year, executed as part of our portfolio Rejuvenation strategy, partially offset this positive trajectory. Net Property Income increased by 11.8% to S$273.2 million from S$244.2 million in FY2022, in tandem with the higher Gross Revenue. The amount available for distribution to Unitholders, S$192.7 million, is an 8.8% increase from the previous year. The Distribution per Unit (“DPU”) for FY2023 however experienced a 14.5% dip to 2.564 Singapore cents. This decline was primarily attributable to the 27.3% increase in the applicable number of Units, stemming mainly from the issuance of new Units as part of the pre-emptive equity fund raising exercise that we conducted in early FY2023, which accounted for 13.6% of the total outstanding units as at 31 December 2022. Resilient Portfolio Performance As at 31 December 2023, ESR-LOGOS REIT’s portfolio consisted of 72 quality and diversified assets (excluding 48 Pandan Road held through a joint venture) across key gateway markets, comprising 52 assets in Singapore, 19 assets in Australia, and 1 asset in Japan, with a total gross floor area (“GFA”) of 2.1 million square metres (“sqm”), as well as investments in three property funds in Australia. As at 31 December 2023, we maintained a high occupancy rate of 92.8%, reflecting the resilience of our portfolio as well as the limited supply of modern quality warehouse space in our markets. Leasing activities remained robust, with E-LOG securing 645,841 sqm of total leases in FY2023, comprising 469,864 sqm of renewals and 175,977 sqm of new leases. The portfolio’s positive rental reversion of 11.1%, marking the second consecutive year of positive rental reversions, is a testament to the quality of our leasing team. The New Economy segments of Logistics (+12.4%) and High-Specs Industrial (+19.6%) were pivotal in driving rental upside, showcasing the diversified strength of our portfolio and expertise of the team. Portfolio Rejuvenation through Divestments, Redevelopments and AEIs We continue our portfolio Rejuvenation strategy which centres around: (i) divestments of non-core assets; (ii) redevelopment of older specification assets into modern and future-ready properties; and (iii) AEIs to repurpose and rejuvenate dated assets to suit the demands of the New Economy. Divestments of Non-Core Assets In FY2023, in alignment with the strategy, ESR-LOGOS REIT successfully divested 10 non-core assets in Singapore and Australia aggregating S$440.6 million. The divested properties are characterised by (i) short underlying land leases; (ii) small sizes; (iii) limited AEI or redevelopment potential; and/or (iv) dated property specifications. They comprise: In Singapore • 49 Pandan Road • 30 Toh Guan Road • 3 Pioneer Sector 3 • 22 Chin Bee Drive • 4 & 6 Clementi Loop • 2 Tuas South Avenue 2 • 6 Chin Bee Avenue • 70 Seletar Aerospace View • 21 Changi North Way In Australia • 51 Musgrave Road Recognising early the accelerated decline in the valuation of assets with short land leases, limited AEI or redevelopment potential, anticipated increase in capitalisation and discount rates, as well as more expensive funding costs which may negatively impact sale prices, this early move aligns with our commitment to improving the quality of our portfolio and maximising Unitholder value. As at 31 December 2023, New Economy assets of Logistics and High-Specs Industrial spaces accounted for nearly two-thirds or 62.2% of our total portfolio, aligning with the evolving needs of modern industrialists.

MESSAGE TO UNITHOLDERS STRENGTH IN SYNERGY 14 Asset Enhancement Initiatives and Redevelopments In FY2023, we completed and attained Temporary Occupation Permit (“TOP”) status for the AEI at 7002 Ang Mo Kio Avenue 5 in September 2023. The AEI involved the development of a multi-tenanted high-specifications building with a GFA of approximately 25,000 sqm suitable for advanced manufacturing, info-comm and data centre tenants, and provided a yield on cost of approximately 7.1%. Within two months of achieving its TOP status, 7002 Ang Mo Kio Avenue 5 achieved occupancy of approximately 62%, which exemplifies how future-ready industrial spaces remain relevant to cater to the evolving needs of industrialists and validates our commitment to modernising our portfolio. Post FY2023, we continued to maintain significant momentum in advancing our AEIs and Redevelopments, which are pivotal to our portfolio Rejuvenation strategy aimed at transforming assets into modern, sought-after, and scalable properties. In 1Q2024, we announced the successful attainment of TOP for the Build-to-Suit redevelopment project at 21B Senoko Loop, tailored for NTS Singapore. This transformation has elevated the property from a dated General Industrial facility to a Green Mark Gold certified High-Specifications property, which is in line with our ESG strategy to achieve Green Mark certifications for 80% of Singapore buildings by 2030. This redevelopment was also done on budget and on time and provided a yield on cost of approximately 6.6%. Simultaneously, the progress on our ongoing AEI at 16 Tai Seng Street is noteworthy, and currently stands at approximately 31% completion. This AEI is poised to contribute an additional 2,793 sqm of new GFA with an estimated yield on cost of approximately 6.0%. Notably, during 2Q2023, we successfully secured the lease renewal of an incumbent tenant in the pharmaceutical industry, achieving a positive rental reversion of approximately 40%. The AEI is on track for completion in 1Q2025, adding value and modernising the property to meet the evolving demands of the market. Recapitalised Balance Sheet Well Poised to Tap on Future Opportunities ESR-LOGOS REIT's proactive response to the evolving financial landscape was demonstrated with an equity fund raising exercise in FY2023. The swift and timely execution of the S$300 million equity fund raising exercise, executed just before investor sentiments and uncertainties battered the financial markets with the collapse and near implosion of several banks globally, Recapitalised our balance sheet and allowed ESR-LOGOS REIT to focus our resources on operations to continue Rejuvenating our portfolio. Anticipating the impact of a rapidly rising interest rate environment, the proceeds from the equity fund raising and the S$440.6 million divestment proceeds not only strengthened ESR-LOGOS REIT's balance sheet but also served as a proactive measure for us to reduce gearing in light of potential capitalisation rate and discount rate increases which would adversely affect asset valuations. With the proceeds used to pare down debt, ESR-LOGOS REIT reported a lower gearing of 35.7% for FY2023. We have maintained a healthy level of financial flexibility with debt headroom of approximately S$775.5 million to fund potential growth aspirations and continue our asset Rejuvenations. ESR-LOGOS REIT also has access to approximately S$280.9 million of committed undrawn revolving credit facilities at attractive margins available for working capital, AEIs or for refinancing expiring debt. Furthermore, in early FY2024, ESR-LOGOS REIT obtained commitment from a panel of lending banks for its first sustainability-linked loan facility, which will be used to refinance all FY2024 expiring debt, thus ensuring no refinancing risks for the rest of FY2024. With 81.6% of interest rate exposure fixed with 1.3 years of hedge tenor and a well spread out debt expiry profile, ESR-LOGOS REIT is expected to be able to withstand the “higher-for-longer” interest rate environment and is well positioned to enjoy lower funding costs when interest rates pivot downwards. Recycling Capital Towards Quality Modern New Economy Assets with Longer Land Leases via Reinforcing Sponsor Support for Quality Growth and Expansion Entering 2024 with a stronger balance sheet and lower gearing amidst stabilising interest rates and rate cut expectations, ESR-LOGOS REIT’s focus will be on Recycling our capital towards quality, modern New Economy assets. Apart from undertaking AEIs and redevelopments of our assets, we will continue to seek out opportunities to Rejuvenate our portfolio by tapping onto our Sponsor, ESR Group’s network, footprint, and local expertise with a focus on New Economy assets that have longer land leases, with specifications that are modern and future-ready for industrialists. ESR Group’s fee-related AUM of over US$81 billion across APAC provides ESR-LOGOS REIT with a significant competitive advantage via a visible executable pipeline.

ESR-LOGOS REIT Annual Report 2023 15 ESR Group’s support for ESR-LOGOS REIT to grow into its flagship New Economy REIT was exemplified by our acquisition of ESR Sakura Distribution Centre in Japan in FY2022, as well as the full backstop of the S$150 million Preferential Offering that was part of the S$300 million equity fund raising exercise, providing ESR-LOGOS REIT with the financial backing to execute its growth plans. In early FY2024, we also announced the strategic investment of US$70 million in the ESR Japan Income Fund (“JIF”). This opportunity was made possible as ESRLOGOS REIT is a part of the ESR Group, demonstrating the support from our Sponsor and providing us unique access to our Sponsor’s pipeline of assets which would not be available to other third-party listed REITs. With five freehold assets currently in its portfolio, the +1.8% DPU accretive investment into JIF will pivot ESR-LOGOS REIT’s portfolio towards freehold New Economy and futureready assets in Japan, which aligns with our portfolio Rejuvenation strategy to enhance our portfolio and bring long-term growth to Unitholders. Our ESG Commitments Over the past two years, ESR-LOGOS REIT has undergone significant transformation and expansion into other geographies. Building on this portfolio change, we have deepened the foundation to our sustainability ambitions through baselining our environmental targets and assessing climate risk and opportunities against the TCFD framework. To further integrate sustainability considerations into the REIT’s strategy and enhance Board oversight, the Manager established its inaugural Board Sustainability Committee, to provide strategic oversight of ESG policies and implementation. This Board Sustainability Committee will be chaired by Mr. Trent Iliffe, a NonExecutive Director of the Board, and includes Mr. George Agethen, a Non-Executive Director of the Board. We also plan to enhance the diversity of views within the Board Sustainability Committee by including an independent third-party member who is neither from the Board nor affiliated with ESR Group. This addition aims to bring in fresh insights and advice on ESG best practices. In line with our environmental commitments, we conducted a strategic review of our Singapore portfolio and developed a comprehensive Decarbonisation roadmap with Savills (Singapore) Pte Ltd that encompasses concrete implementation steps and focused yearly targets for the various business units. We will be leveraging on implementing infrastructure for electric vehicles, sustainable supply chain management, green leases and green fit-out plans, solar panel installations, and more streamlined ESG data management to achieve operational efficiencies and cost reductions for the REIT. To further support our ESG commitments, we will also be looking to develop a green financing framework to leverage on green financing instruments in our capital management strategies. On the social front, ESR-LOGOS REIT remains dedicated to making thoughtful contributions to the communities we serve and contribute to a healthier planet. To encourage making lasting impact collectively as a company, we set a staff volunteerism target of 500 hours for FY2023 and have exceeded our target with 528.5 hours of staff volunteerism. We continue to uphold high corporate governance and transparency standards to safeguard stakeholders. The REIT ensures compliance with local laws and regulations in our markets and adopts a zero-tolerance approach towards corruption and bribery. The REIT conducts regular bite-sized compliance training for all employees, and we are pleased to share that there were zero lapses in corporate governance in FY2023. We remain committed to providing enhanced disclosures to our investors on our ESG efforts through our Sustainability Report and GRESB assessment. More details on the REIT’s ESG journey can be found in our Sustainability Report on page 161 to 219. Outlook Despite entering FY2024 with a stronger balance sheet, we will remain vigilant in monitoring the emerging trends in the global economic and business landscape, given the ongoing volatility, global uncertainties and the lingering impact of the high inflation and interest rate environment. Globally, persistently high inflation continues to put pressure on property expenses, particularly maintenance and utilities expenses. While approximately 90% of our utilities expenses are being structured on a pass-through basis, which insulates ESR-LOGOS REIT from rises in utilities costs, inflation continues to pose a risk especially to maintenance costs. While interest rates have stabilised, the timing and magnitude of rate cuts will be crucial to the overall profitability of ESR-LOGOS REIT. With 81.6% of our interest costs on a fixed rate basis with a hedge tenor of 1.3 years and having already obtained commitment from a panel of lending banks to refinance all debt that is expiring in FY2024, we believe that ESR-LOGOS REIT has sufficient cushion for “higher-for-longer” interest rate levels in the near term, while still being well-positioned to benefit from interest rate cuts.

MESSAGE TO UNITHOLDERS STRENGTH IN SYNERGY 16 As global economies await signs of easing inflation and anticipate the initiation of the first interest rate cut by central banks, the early execution of the Recapitalisation and Rejuvenation aspects of our “4R Strategy” in FY2023 has allowed ESR-LOGOS REIT to maintain a robust balance sheet that lays the foundation for future prospects. Additionally, ongoing geopolitical tensions causing disruption to supply chains and trading lines are expected to persist, supporting continued market demand for logistics and high-specs industrial space. Combined with the gradual recovery in the manufacturing and electronics sector, these factors create favorable conditions for ESRLOGOS REIT with nearly two thirds of our portfolio exposed to the New Economy sectors. Consequently, ESR-LOGOS REIT is now strategically positioned to seize and tap on growth opportunities as they materialise and we look forward to bolstering our asset quality to enhance and grow our earnings quality with our commitment to our “4R Strategy”. A Word of Appreciation In FY2023, we announced that the following Directors had stepped down from our Board of Directors: • Stepping down of Dr. Leong Horn Kee as Independent Non-Executive Director, effective 15 May 2023; • Stepping down of Mr. Wilson Ang as Non-Executive Director, effective 15 May 2023; • Stepping down of Mr. Jeffrey Perlman as Non-Executive Director, effective 30 August 2023; and • Stepping down of Mr. Philip Pearce as Alternative Director to Mr. Jeffrey Perlman, effective 30 August 2023 On behalf of the Board, we would like to express our gratitude for their service. Their contributions have set the foundation for the continued success of ESR-LOGOS REIT. While we celebrate the contributions that these members brought, we are pleased to also welcome the new members of the Board in FY2023: • Appointment of Mr. Loi Pok Yen as Independent NonExecutive Director, effective 15 May 2023; • Appointment of Mr. George Agethen as Non-Executive Director, effective 15 May 2023; • Appointment of Mr. Stuart Gibson as Non-Executive Director, effective 30 August 2023; and • Appointment of Mr. Shen Jinchu, Jeffrey, as NonExecutive Director, effective 8 November 2023 Mr. Loi was most recently the Group CEO of CWT Pte. Limited (“CWT”), an integrated logistics service provider that provides integrated logistics services and supply chain solutions to various industries through the CWT group of companies, before he retired from his position on 31 March 2023. Mr. Agethen is currently the Co-Head of Asia-Pacific of Ivanhoé Cambridge, a real estate subsidiary of CDPQ that develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. Mr. Gibson is currently the Executive Director, Group CoFounder & Co-CEO of ESR Group Limited, the Sponsor of ESR-LOGOS REIT. Mr. Gibson has been the Co-CEO of ESR Group since January 2016 and he was also the Co-Founder and CEO of the Redwood group from July 2006 until 2016. Mr. Gibson is responsible for overseeing ESR's overall operations and business development. Mr. Gibson has over 27 years of real estate development and investment experience in Asia, which includes 15 years in the Japanese industrial real estate sector. Mr. Shen is currently the Executive Director, Group CoFounder and Co-CEO of ESR Group, ESR-LOGOS REIT’s sponsor, and is responsible for overseeing ESR Group’s overall operations and business development, leading regional growth strategies, and expanding ESR Group’s asset and fund management platforms. Mr. Shen has over 23 years of industrial real estate experience in logistics development and investments in China. As we embark on this new chapter, we look forward to the diverse perspectives and collective expertise that these new members bring to ESR-LOGOS REIT. Together, we aim to build on our past successes and foster innovation for a promising future.

ESR-LOGOS REIT Annual Report 2023 17 On behalf of the Board and Management team, we express our sincere gratitude to our valued Unitholders, Sponsor, tenants and partners for their trust and consistent support. Additionally, we extend our thanks to our dedicated employees whose resilience and tenacity have been instrumental in effectively implementing our strategic initiatives to provide long-term value to our Unitholders. Sincerely yours, STEFANIE YUEN THIO Independent Non-Executive Chairperson ADRIAN CHUI Chief Executive Officer and Executive Director

YEAR IN BRIEF STRENGTH IN SYNERGY 18 July January • Co-organised with SIAS a Pre-AGM Unitholder dialogue as part of ESR-LOGOS REIT’s regular retail investor engagement initiative • Announced that CEVA Logistics renewed lease at 15 Greenwich Drive at 20.0% positive rental reversion • 14th Annual General Meeting held on 26 April 2023 and all resolutions were approved by Unitholders • Announced interim business update for the financial quarter ended 31 March 2023 • Announced the following changes to the Board of Directors with effect from 15 May 2023: o Appointment of Mr. Loi Pok Yen as Independent Non-Executive Director o Appointment of Mr. George Agethen as Non-Executive Director o Stepping down of Dr. Leong Horn Kee as Independent Non-Executive Director o Stepping down of Mr. Wilson Ang as Non-Executive Director • Held Agent Award Event to celebrate and honour the best performing agents for FY2022 • Participated in the annual REITs Symposium 2023 jointly organised by ShareInvestor, InvestingNote and REITAS • Participated as a panellist in DBS-REITAS Private Banking Luncheon panel discussion titled — Capturing Opportunities in a New World Order • Featured in SGX Kopi-C: the Company brew column titled — kopi-C with ESR-LOGOS REIT’s CEO: “Logistics assets are not an alternative asset class” • Announced results for the financial period from 1 January 2023 to 30 June 2023: DPU dipped 5.6% y-o-y to 1.378 cents mainly due to enlarged unit base from equity fund raising exercise • Completed divestment of 51 Musgrave Road in Australia at 2.4% premium to valuation • Announced results for the financial year ended 31 December 2022: Distribution per Unit (“DPU”) grew 0.4% to 3.000 cents • Held first physical Extraordinary General Meeting after lifting of COVID-19 restrictions on 28 March 2023 and received 98.9% approval from Unitholders in relation to the proposed preferential offering, as part of ESRLOGOS REIT’s S$300 million equity fund raising exercise announced in February 2023 • Announced divestment of 22 Chin Bee Drive in Singapore and 51 Musgrave Road in Australia at 6.2% and 2.4% premium to valuation respectively • Announced divestment of seven non-core assets aggregating S$337.0 million — a significant milestone in capital Recycling and portfolio Rejuvenation strategy • Participated in ESR Group Sponsor & REITs Day investor conference • Launched a S$300 million equity fund raising exercise comprising: o S$150 million private placement to institutional investors which was approximately three times subscribed; and o S$150 million preferential offering to existing Unitholders, which was 100% subscribed and backstopped by Sponsor, ESR Group • Redemption and cancellation of the outstanding S$100 million 5.50% subordinated perpetual securities issued under the S$1 billion multicurrency debt issuance programme of ALOG Trust • Termination of the S$1 billion multicurrency debt issuance programme established by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of ALOG Trust) • Completed divestment of 49 Pandan Road in Singapore at 15.1% premium to valuation • Participated in SIAS-ESR-LOGOS REIT Corporate Connect Webinar April February March May June

ESR-LOGOS REIT Annual Report 2023 19 • Completed divestment of 3 Pioneer Sector 3, 21 Changi North Way and 30 Toh Guan Road in Singapore • Sponsored and participated as panellist at the REITs Investment Forum 2023 organised by The Edge Singapore • Announced the following changes to the Board of Directors with effect from 30 August 2023: o Announced the appointment of Mr. Stuart Gibson as Non-Executive Director o Announced the stepping down of Mr. Jeffrey Perlman as Non-Executive Director o Announced the stepping down of Mr. Philip Pearce as Alternative Director to Mr. Jeffrey Perlman • Completed divestment of 22 Chin Bee Drive in Singapore at 6.2% premium to valuation • Participated in Beach Cleanup Initiative at East Coast Park, organised by East Coast GRC, together with Deputy Prime Minister Mr. Heng Swee Keat, Senior Minister of State Mr. Tan Kiat How, and Deputy Speaker of Parliament Ms. Jessica Tan • Completed divestment of 70 Seletar Aerospace View and 2 Tuas South Avenue 2 in Singapore at 4.8% and 35.2% premium to valuation, respectively • Announced the following changes to the Board of Directors and changes to composition of board sub-committees with effect from 8 November 2023: o Announced the appointment of Mr. Shen Jinchu, Jeffrey as Non-Executive Director o Formation of Investment Committee led by committee chairperson Mr. Loi Pok Yen, and members Mr. Ronald Lim; Dr. Julie Lo Lai Wan; Mr. Shen Jinchu, Jeffrey; Mr. Stuart Gibson; and Mr. Trent Iliffe • Participated as a panellist at the 2023 Business and Philanthropy Forum by invitation extended by SIAS President, Mr. David Gerald • Participated in the Marine Parade Cluster Ecofest, an event organised by the People’s Association and Kampung Kembangan Community Club to create awareness on sustainability initiatives. Management planted trees and engaged with students from various primary schools alongside ministers Mr. Edwin Tong and Dr. Tan See Leng, as well as Members of Parliament Ms. Tin Pei Ling; Mr. Fahmi Aliman and Mr. Lim Biow Chuan • Shortlisted Top 5 Finalist for IR Magazine Awards — South East Asia — Best Annual Report (Mid-Cap) • Awarded The Asset ESG Corporate Awards — Gold Award • Announced divestment of 2 Tuas South Avenue 2 in Singapore at 35.2% premium to valuation • Announced 7002 Ang Mo Kio Avenue 5, Singapore AEI attained TOP and achieved 50% occupancy • Completed divestment of 4 & 6 Clementi Loop and 6 Chin Bee Avenue in Singapore • Announced interim business update for the financial quarter ended 30 September 2023 • Announced ESR Sakura Distribution Centre, Japan achieved 100% occupancy and newly completed 7002 Ang Mo Kio Avenue 5, Singapore increased occupancy to 62% • Participated in Children’s Day Party organised by Greenville Residents’ Committee, and sponsored 10 refurbished laptops for underprivileged children in the Ubi estate • Awarded APAC Business Awards 2023 — Best Real Estate Investment Practice 2023 — Singapore August September November December October

FY2023 KEY HIGHLIGHTS STRENGTH IN SYNERGY 20 Amount available for distribution to Unitholders +8.8% to S$192.7 million Distribution per Unit of 2.564 cents for FY2023 Rental Reversion +11.1% 2nd consecutive year of positive double-digit rental reversions High rental collection c.99% of total receivables Occupancy 92.8% consistently above market average Completed Asset Enhancement Initiative 7002 Ang Mo Kio Avenue 5 Achieved 62% occupancy within two months of TOP Completed Built-to-Suit Redevelopment (1Q2024) 21B Senoko Loop 15-year lease secured with NTS Singapore with built-in annual rental escalations Ongoing Asset Enhancement Initiative 16 Tai Seng Street Completed divestment of 10 non-core assets totalling S$440.6 million Singapore • 49 Pandan Road • 3 Pioneer Sector 3 • 4 & 6 Clementi Loop • 6 Chin Bee Avenue • 21 Changi North Way • 30 Toh Guan Road • 22 Chin Bee Drive • 2 Tuas South Avenue 2 • 70 Seletar Aerospace View Australia • 51 Musgrave Road Identified up to S$200–300 million of non-core assets to be divested over next 12 months RESILIENT PORTFOLIO PERFORMANCE AMIDST MACROECONOMIC UNCERTAINTIES REJUVENATION OF PORTFOLIO RECYCLING CAPITAL TO UNLOCK VALUE

ESR-LOGOS REIT Annual Report 2023 21 Environmental • Decarbonisation Roadmap to be implemented in FY2024 with clear steps, targets, and timeline to ensure a climate resilient portfolio covering EV implementation, supply chain management, green lease and green fit-out plans and automate ESG data collection Solar Harvesting Programme: • Target set to achieve 50% increase in solar power generation by 2025 (from base year 2019) • Generated 10,978,749 kWh in FY2023 • 5 properties installed with solar panels Green Building Certifications • Green Mark: 7 properties • LEED: 2 properties • CASBEE: 1 property Social • Participated in Beach Cleanup Initiative at East Coast Park, organised by East Coast GRC, together with Deputy Prime Minister Mr. Heng Swee Keat, Senior Minister of State Mr. Tan Kiat How, and Deputy Speaker of Parliament Ms. Jessica Tan • Participated in the Marine Parade Cluster Ecofest, an event organised by the People’s Association and Kampung Kembangan Community Club to create awareness on sustainability initiatives. Management planted trees and engaged with students from various primary schools alongside ministers Mr. Edwin Tong and Dr. Tan See Leng, as well as Members of Parliament Ms. Tin Pei Ling, Mr. Fahmi Aliman and Mr. Lim Biow Chuan • Achieved 528.5 hours of staff volunteerism hours in FY2023 — continued biweekly lunchtime vegetable distribution initiative • Achieved 80.5% employee satisfaction rate • Enhanced Tenant Engagement with a Responder Plus Programme for tenants in conjunction with SCDF in November 2023 to raise awareness on First-Aid and Emergency Preparedness Governance • Inauguration of Board Sustainability Committee to provide strategic oversight on ESG policies and implementation • Achieved GRESB score of 2 Star (66 points) • Zero material incidents of non-compliance with socioeconomic or environmental laws Gearing 35.7% High fixed rate hedge of 81.6% for 1.3 years Cost of debt 3.91% per annum S$280.9 million of committed undrawn RCF available for refinancing Portfolio 95.8% unencumbered Well supported by 9 lending banks Debt headroom of S$775.5 million CONTINUED ESG COMMITMENTS RECAPITALISE BALANCE SHEET FOR FUTURE GROWTH CATALYSTS

FIVE-YEAR FINANCIAL HIGHLIGHTS STRENGTH IN SYNERGY 22 343.2 241.3 229.9 253.0 FY2023 FY2022 FY2021 FY2020 FY2019 386.4 244.2 173.3 164.2 187.9 FY2023 FY2022 FY2021 FY2020 FY2019 273.2 5,654.2 3,329.8 3,187.4 3,229.7 FY2023 FY2022 FY2021 FY2020 FY2019 5,106.3 177.1 114.4 99.1 132.6 FY2023 FY2022 FY2021 FY2020 FY2019 192.7 3.000 2.987 2.800 4.011 FY2023 FY2022 FY2021 FY2020 FY2019 2.564 36.4 39.6 40.5 43.3 FY2023 FY2022 FY2021 FY2020 FY2019 32.0 Net Property Income (S$ million) Amount Available for Distribution to Unitholders (S$ million) Gross Revenue (S$ million) Total Assets (S$ million) Net Asset Value per Unit (cents) DPU (cents)

ESR-LOGOS REIT Annual Report 2023 23 FY2019 FY2020 FY2021 FY2022 FY2023 For the Financial Year Gross Revenue (S$ million) 253.0 229.9 241.3 343.2 386.4 Net Property Income (S$ million) 187.9 164.2 173.3 244.2 273.2 Total Assets (S$ million) 3,229.7 3,187.4 3,329.8 5,654.2 5,106.3 Amount Available for Distribution to Unitholders (S$ million) 132.6 99.1 114.4 177.1 192.7 DPU (cents) 4.011 2.800 2.987 3.000 2.564 Net Assets Value per Unit (cents) 43.3 40.5 39.6 36.4 32.0 Financial Position Total Assets (S$ million) 3,229.7 3,187.4 3,329.8 5,654.2 5,106.3 Total Net Borrowings (S$ million) 1,191.1 1,178.6 1,190.9 2,076.1 1,555.9 Unitholders’ Funds (S$ million) 1,508.6 1,447.0 1,598.0 2,444.7 2,463.2 Key Financial Ratios Debt to Total Assets (%) 41.4 41.5 40.0 41.8 35.7 Weighted Average All-in Cost of Debt (p.a.) (%) 3.9 3.5 3.3 3.7 3.9 Interest Coverage Ratio (times)1 2.8 2.6 3.0 2.8 2.5 Capital Management Total Loan Facilities Available (S$ million) 1,290.0 1,305.0 1,462.4 2,413.4 1,847.1 Gross Borrowings (S$ million) 1,200.0 1,186.0 1,199.5 2,093.0 1,566.2 Perpetual Securities Issued (S$ million) 150.0 150.0 150.0 400.0 300.0 Units in Issue (million) 3,487.3 3,576.4 4,030.3 6,719.2 7,689.2 Market Capitalisation (S$ million)2 1,848.3 1,412.7 1,934.5 2,486.1 2,460.5 Trading Statistics for Financial Year Opening Price (S$) 0.505 0.535 0.405 0.480 0.370 Highest Price (S$) 0.565 0.560 0.510 0.485 0.385 Lowest Price (S$) 0.500 0.240 0.375 0.320 0.250 Closing Price (S$) 0.530 0.395 0.480 0.370 0.320 Volume Weighted Average Price (S$) 0.530 0.372 0.446 0.397 0.318 Total Volume Traded (million Units) 1,520.1 3,588.4 2,461.1 2,543.8 2,696.1 Average Volume per Day (million Units) 6.1 14.4 9.8 10.2 10.9 Total Return (%)3 12.06 -19.81 30.00 -16.85 -6.49 1 Computed by dividing the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), by the trailing 12 months interest expense. Interest expense includes amortisation of debt-related transaction costs and distributions to perpetual securities, but excludes finance costs on lease liabilities under FRS 116. 2 Computed based on closing price and Units in issue at the end of the financial year. 3 Performance is calculated on the change in unit price over the year, based on the closing price of the last day of the preceding year and the closing price of the current year, including the assumption that distributions paid were reinvested at the closing price on the ex-distribution date.

UNIT PRICE PERFORMANCE STRENGTH IN SYNERGY 24 TRADING PERFORMANCE IN FY2023 In FY2023, global economies encountered numerous challenges, including rising inflation, persistent effects of the COVID-19 pandemic, and ongoing geopolitical tensions worldwide. Central banks aiming to control inflation responded by tightening monetary policies, resulting in a rampant increase in interest rates with significant implications for the Singapore REIT industry. According to the Ministry of Trade and Industry, the Singapore economy expanded by 1.1% in 2023 and is forecasted to grow at 1.0–3.0% in 20241. ESR-LOGOS REIT’s closing unit price was S$0.320 as at 31 December 2023, with one year volume weighted average price of S$0.318 as at 31 December 2023. ESR-LOGOS REIT’s market capitalisation was approximately S$2.4 billion as at 31 December 2023, this was relatively stable as compared with the S$2.5 billion as at 31 December 2022. Additionally, average daily traded volume for FY2023 increased slightly to 10.9 million from 10.2 million in FY2022. 1 Ministry of Trade and Industry Singapore. 15 February 2024, MTI Maintains 2024 GDP Growth Forecast at ‘1.0 to 3.0 Per Cent”, https://www.mti.gov.sg/Newsroom/Press-Releases/2024/02/MTI-Maintains-2024-GDPGrowth-Forecast-at-1_0-to-3_0-Per-Cent Distribution per Unit (“DPU”) for FY2023 was 2.564 cents, translating to a distribution yield of approximately 8.0% based on the closing unit price of S$0.320 as at 31 December 2023. Attractive Yield (%) (As at 31 December 2023) Singapore Govt 10Y Bond FTSE ST REIT 12M Yield FY2023 Distribution Yield 8.0% 5.1% 2.7% Comparative Trading Performance FY2023 0% 20% 40% 60% 80% 100% 120% Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 ESR-LOGOS REIT STI FTSE Real Estate FTSE ST REIT Trading Data Across Five Years 2023 2022 2021 2020 2019 Opening (S$) 0.370 0.485 0.405 0.535 0.505 Closing (S$) 0.320 0.370 0.480 0.395 0.530 Highest (S$) 0.385 0.485 0.510 0.560 0.565 Lowest (S$) 0.250 0.320 0.375 0.240 0.500 Volume Weighted Average Price (S$) 0.318 0.397 0.446 0.372 0.530 Total Trading Volume (million units) 2,696.1 2,543.8 2,461.1 3,588.4 1,520.1 Average Daily Trading Volume (million units) 10.9 10.2 9.8 14.5 6.1

ESR-LOGOS REIT Annual Report 2023 25 Monthly Trading Performance in FY2023 0 10 20 30 40 50 60 70 80 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 Volume (million units) Closing Unit Price (S$) Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 Closing Unit Price Trading Volume 5-Year Trading Performance 0 20 40 60 80 100 120 140 160 180 200 0 0.1 0.2 0.3 0.4 0.5 0.6 Volume (Million Units) Closing Unit Price (S$) Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021 Jan 2022 Jul 2022 Jan 2023 Jul 2023 Closing Unit Price Trading Volume Constituent of Key Indices (weightage in descending order) • iEdge S-REIT Index • iEdge S-REIT Index (Net Total Return) • iEdge S-REIT Leaders SGD Index (Price Return) • iEdge S-REIT Leaders USD Index (Price Return) • Solactive Logistics REIT Index GTR • Solactive Logistics REIT Index PR • Solactive Global SuperDividend Index • Solactive Global SuperDividend v2 Index • Bloomberg Asia Real Estate Investment Trust Index • Bloomberg Singapore Large, Mid & Small Cap Price Return Index USD • iEdge SG ESG Transparency Index • WisdomTree Global ex-US Real Estate Index • EPRA NAREIT Asia Total Return Index USD • Solactive ISS ESG Asia ex Japan Small Cap Index NTR • iEdge SG ESG Transparency Index (Total Return) • FTSE ASEAN All-Share Index • Morningstar Developed Markets REIT Select 150 Hedged NR AUD • Bloomberg Dev Mkts L/M/S Cap REIT ex Timber & Infrastructure Price Ret Index USD • Solactive GBS Developed Markets Real Estate CAD Index CA NTR • FTSE EPRA Nareit Global REITs TR Index • FTSE EPRA Nareit Developed 100% Hedged to USD Total Return Index • FTSE EPRA Nareit Developed Rental Index UnHedged in AUD Net • Invesco FTSE RAFI DevMrkts ex-U.S. S-M ETF INAV Index • Morningstar Global Markets REIT GR GBP • Bloomberg World ex US Small Cap Value Price Total Return Index USD

BOARD OF DIRECTORS STRENGTH IN SYNERGY 26 DR. JULIE LO LAI WAN MR. RONALD LIM MR. NAGARAJ SIVARAM MS. STEFANIE YUEN THIO MR. GEORGE AGETHEN MR. TRENT ILIFFE MR. STUART GIBSON MR. SHEN JINCHU, JEFFREY MR. ADRIAN CHUI Independent Non-Executive Chairperson Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director MR. LOI POK YEN Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Chief Executive Officer and Executive Director

ESR-LOGOS REIT Annual Report 2023 27 Ms. Stefanie Yuen Thio, 54 Mr. Ronald Lim, 77 Board Committees Served On: • Nominating and Remuneration Committee (Member) • Audit, Risk Management and Compliance Committee (Member) Description: Ms. Stefanie Yuen Thio is the Joint Managing Partner of TSMP Law Corporation and heads its corporate practice. Admitted to the Singapore Bar in 1994, she has over 30 years of legal experience in mergers and acquisitions, equity capital markets, corporate transactions and regulatory advice. Her clients range from listed corporates to international companies, including in the logistics industry and REITs. She is regularly named by legal journals as a leading practitioner in her areas of specialisation. Prior to her appointment, she served on the board of ARA Trust Management (CACHE) Limited, manager of Cache Logistics Trust. Ms. Yuen Thio was appointed by the Monetary Authority of Singapore to the Corporate Governance Council 2017 to review the Code of Corporate Governance and is a Fellow of the Singapore Institute of Directors. From 2014 to 2017, she was a member of the Expert Panel, Centre for Cross-Border Commercial Law in Asia. She was also a member of the Singapore Governance and Transparency Index Advisory Panel from June 2016 to May 2018. Ms. Yuen Thio established SG Her Empowerment Limited a women’s empowerment charity with Institute of Public Character status in March 2022 where she is the current Chairman and director of the charity. Academic & Professional Qualifications: • Bachelor of Law, National University of Singapore • Advocate and Solicitor of The Supreme Court of Singapore Present Directorships/Chairmanships in Listed Companies1: • ARA Trust Management (USH) Pte. Ltd. and ARA Business Trust Management (USH) Pte. Ltd., the managers of ARA US Hospitality Trust, where she also chairs the Audit Committee Present Principal Commitments2: • TSMP Law Corporation Past Directorships/Chairmanships in Listed Companies Held Over the Preceding Three Years1: • Singapore Medical Group Limited Board Committees Served On: • Nominating and Remuneration Committee (Chairman) • Investment Committee (Member) Description: Mr. Ronald Lim has more than 36 years of experience in the banking and finance industry. Mr. Lim was with United Overseas Bank Ltd (UOB) from March 1973 to November 2009 where he last held the appointment of Executive Director and Division Head of Commercial Banking in which the Bank is a leader in the SMEs market. Prior to the above and during his tenure with UOB, Mr. Lim had also held leadership appointments as Head of Human Resource and Head of Branches Division where he was involved in the management and development of human capital, its delivery channels and banking services. From November 2009 to October 2011, Mr. Lim was an Adviser to RGE Pte Ltd, a resource-based manufacturing group in the paper and pulp, palm oil and the oil and gas industries. Academic & Professional Qualifications: • Bachelor of Social Science, University of Singapore (currently known as the National University of Singapore) Present Directorships/Chairmanships in Listed Companies1: • Nil Present Principal Commitments2: • The HEAD Foundation Limited Past Directorships/Chairmanships in Listed Companies Held Over the Preceding Three Years1: • Hiap Hoe Limited Independent Non-Executive Chairperson Date of first appointment as a Director: 29 March 2019 Date of appointment as Chairperson: 1 July 2021 Length of service as a Director (as at 29 February 2024): 4 years 11 months Independent Non-Executive Director Date of first appointment as a Director: 8 January 2019 Length of service as a Director (as at 29 February 2024): 5 years 1 month 1 Present (as at 31 December 2023) and past directorships/chairmanships in listed companies held over the preceding three years (from 1 January 2021 to 31 December 2023). 2 The term “principal commitments” shall include all commitments which involve significant time commitments such as full-time occupation, consultancy work, committee work, non-listed company board representations and directorships and involvement in non-profit organisations. Where a director sits on the boards of non-active related corporations, those appointments should not be normally be considered principal commitments.

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