Ascendas REIT - Annual Report 2021

Corporate Governance The Manager has in place a policy on the prevention of money laundering and terrorism financing and remains alert at all times to suspicious transactions. Enhanced due diligence checks are performed on counterparties where there is a suspicion of money laundering or terrorism financing. Suspicious transactions will also be reported to the Suspicious Transaction Reporting Office of the Commercial Affairs Department. Under this policy, all relevant records or documents relating to business relations with the Ascendas Reit Group’s customers or transactions entered into must be retained for a period of at least five years following the termination of such business relations or the completion of such transactions. All prospective employees, officers and CMSL Representatives of the Manager are also screened against various money laundering and terrorism financing information sources and lists of designated entities and individuals provided byMAS. Periodic training is provided by theManager to its Directors, employees and CMSL Representatives to ensure that they are updated and aware of applicable anti-money laundering and countering of terrorism financing regulations, the prevailing techniques and trends in money laundering and terrorism financing and the measures adopted by the Manager to combat money laundering and terrorism financing. COMPOSITION OF BOARD COMMITTEES IN FY2021 Board Members Audit & Risk Committee Investment Committee # Nominating & Remuneration Committee 1 Dr Beh Swan Gin 1 , C – M C William Tay Wee Leong, CEO – M – Chan Pengee, Adrian 1 C – M Chong Chiet Ping 2 M – – Daniel Cuthbert Ee Hock Huat M M – Chinniah Kunnasagaran M M – Ong Lee Keang Maureen 3 M – – Manohar Khiatani 1,4 M C M Lim Cho Pin Andrew Geoffrey – M – Denotes: C – Chairman M – Member CEO – Chief Executive Officer # Given the nature and scope of the work of the IC, their business was discussed / transacted primarily through conference call, correspondence and informal meetings. Notes: 1 The Nominating & Remuneration Committee (NRC) was formed on 20 October 2021. Dr Beh Swan Gin was appointed as Chairman of the NRC; and Mr Chan Pengee, Adrian and Mr Manohar Khiatani were appointed as members of the NRC. 2 Ms Chong Chiet Ping retired as Non-Executive Independent Director and a member of the Audit & Risk Committee on 1 November 2021. 3 Ms Ong Lee Keang Maureen was appointed as Non-Executive Independent Director and a member of the Audit & Risk Committee on 1 September 2021. 4 Mr Manohar Khiatani ceased his membership in the Audit & Risk Committee on 20 October 2021. Annual Report 2021 143