STATEMENT BY THE TRUSTEE-MANAGER ANNUAL REPORT 2025 129 In the opinion of the directors of the Trustee-Manager, (a) the fi nancial records of the Group for the fi nancial year have been properly maintained and the fi nancial statements give a true and fair view of the operations and fi nances of the Group for the year ended 31 December 2025; (b) the consolidated income statement and consolidated statement of comprehensive income set out in the fi nancial statements on pages 136 and 137 are drawn up so as to give a true and fair view of the results of the business of the Group for the year ended 31 December 2025; (c) the statements of fi nancial position set out on pages 138 to 139 are drawn up so as to give a true and fair view of the state of aff airs of the Group and of the Trust at 31 December 2025; (d) the statements of changes in equity set out on pages 141 to 143 are drawn up so as to give a true and fair view of the changes in equity of the Group and of the Trust for the year ended 31 December 2025; (e) the consolidated statement of cash fl ows set out on page 140 is drawn up so as to give a true and fair view of the cash fl ows of the Group for the year ended 31 December 2025; and (f) at the date of this statement, there are reasonable grounds to believe that the Trustee-Manager will be able to fulfi ll, out of the Trust’s property, the Trust’s debts as and when they fall due. In accordance with Section 86(2) of the Business Trusts Act 2004 of Singapore, we further certify: (a) the fees or charges paid or payable out of the trust property of the Trust to the Trustee-Manager are in accordance with the Deed of Trust dated 25 February 2011 (as amended and supplemented by the fi rst supplemental deed dated 28 April 2014 and the second supplemental deed dated 8 June 2020) constituting the Trust; (b) the interested person transactions entered into by the Group during the year are not detrimental to the interests of all the unitholders of the Trust as a whole based on the circumstances at the time of the relevant transactions; and (c) the Board of Directors of the Trustee-Manager is not aware of any violation of duties of the Trustee-Manager which would have a materially adverse eff ect on the business of the Trust or on the interests of all the unitholders of the Trust as a whole. The Board of Directors has, on the date of this statement, authorised the above statements and the fi nancial statements of the Group as at and for the year ended 31 December 2025 for issue. On behalf of the Board of Directors of the Trustee-Manager Ip Sing Chi Lee Tung Wan, Diana Director Director 5 February 2026
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