CAPITALAND CHINA TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 23 October 2006 (as amended))
CapitaLand Retail China Trust Management Limited (the 'Manager'), the manager of CapitaLand Retail China Trust ('CRCT'), wishes to announce that 1,035,291 units in CRCT ('Units') have been issued to the Manager today as payment of the performance component1 of the Management Fee (as defined in the Trust Deed) for the period from 1 July 2015 to 30 September 2015 (both dates inclusive).
The 1,035,291 Units have been issued at an issue price of S$1.3647 per unit. The issue price per unit for the 1,035,291 Units is the volume weighted average price for a unit for all trades on Singapore Exchange Securities Trading Limited ('SGX-ST') in the ordinary course of trading for the period of ten business days preceding 30 September 2015.
The Units have been issued to the Manager as payment of the performance component of the Management Fee in relation to CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Anzhen and CapitaMall Shuangjing in Beijing; CapitaMall Erqi in Zhengzhou; CapitaMall Minzhongleyuan in Wuhan; CapitaMall Qibao in Shanghai; CapitaMall Saihan in Huhhot; and CapitaMall Wuhu in Wuhu for the period from 1 July 2015 to 30 September 2015.
This manner of payment of the Management Fee in Units was disclosed in the CRCT initial public offering prospectus dated 29 November 2006.
With the above-mentioned issue of Units, the Manager holds an aggregate of 36,324,851 Units and the total number of Units in issue is 843,256,155.
BY ORDER OF THE BOARD
CapitaLand Retail China Trust Management Limited (Company Registration no. 200611176D)
As manager of CapitaLand Retail China Trust
Tan Lee Nah Company Secretary 24 November 2015
1
Under the deed of trust dated 23 October 2006 constituting CRCT (as amended) (the 'Trust Deed'), the Manager is entitled
to receive for its own account from the Deposited Property (as defined in the Trust Deed), in relation to any Financial Year (as defined in the Trust Deed), the Performance Fee (as defined in the Trust Deed), being a fee equal to a rate of 4.0% per annum (or such lower percentage as may be determined by the Manager in its absolute discretion) of the Net Property Income (as defined in the Trust Deed) of CRCT for each Financial Year (calculated before accounting for the Performance Fee in that Financial Year).
Important NoticeThe value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as th e Units are listed on the Singapore Exchange Securities Trading Limited (the 'SGX-ST'). It is intended that unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of CRCT is not necessarily indicative of the future performance of CRCT.
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