Board Composition (as at 31 Dec 2025) Committee Composition (as at 31 Dec 2025) Number of meetings 8 Board 5 Audit and Risk Committee 2 Nominating and Remuneration Committee 1 Annual General Meeting 1 Extraordinary General Meeting Governance Highlights Age profile Tenure mix 1 below 55 years old 2 55 to 60 years old 4 above 60 years old 1 less than 3 years 3 3 to 6 years 3 more than 6 years Audit and Risk Committee 3 Members 100% Independent Investment Committee 5 Members 60% Independent Nominating and Remuneration Committee 3 Members 67% Independent Board Independence 5 independent 2 non-independent Gender Diversity 5 males 2 females How CapitaLand Ascendas REIT Complies with the Corporate Governance Code The Corporate Governance Report (CGR) is benchmarked against the Code of Corporate Governance 2018 (last amended 11 January 2023) (Code). CapitaLand Ascendas REIT has complied with the principles of corporate governance laid down by the Code and also, substantially, with the provisions underlying the principles of the Code. Where there are deviations from the provisions of the Code, appropriate explanations are provided in the CGR along with explanations of how the practices are consistent with the aim and philosophy of the principle of the Code in question. Our Role 72 Our Corporate Governance Framework and Culture 73 Board Matters 73 Remuneration Matters 82 Accountability and Audit 88 Unitholder Rights And Engagement 92 Additional Information 93 • Investment Committee 93 • Dealings with Interested Persons 93 • Role of the Audit & Risk Committee for Interested Person Transactions 94 • Dealing with Conflicts of Interest 95 • Dealings in Securities 95 • Code of Business Conduct 96 • Whistleblowing Policy 96 • Business Continuity Management 96 • Financial Crime and Third Party Risk Management 96 57% 14% 29% 14% 43% 43% Annual Report 2025 7
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