CapitaLand China Trust announced that Mr. Soh Kim Soon will retire as Non-Executive Independent Director and relinquish his role as Chairman of the Board and Chairman of the Nominating and Remuneration Committee ("NRC") of the Company following the annual general meeting of CLCT to be convened and held on 22 April 2024. His last day of service is 22 April 2024. Mr. Tan Tee How, who is a Non-Executive Independent Director of CLCTML, will succeed Mr. Soh as Chairman of the Board and Chairman of the NRC.

Mr. Tan is an existing Non- Executive Independent Director of the Company and he was appointed on the Board on 1 August 2023 and appointed on the Nominating and Remuneration Committee on 1 January 2024. Since April 2017, Mr. Soh has led the Board with sound business judgement to create sustainable value. An established corporate leader, Mr. Soh played a crucial role in steering CLCT through the challenging COVID-19 environment, proactively positioning the Trust to capitalise on emerging trends in the post-pandemic landscape.

Under his leadership, CLCT expanded its investment mandate and nearly doubled its asset size and city presence. Mr. Tan Tee How, who joined the Board of CLCTML on 1 August 2023, also serves as a member of the NRC. Drawing from his accomplished career, including senior leadership roles in the Singapore Civil Service and various business organisations, Mr. Tan brings extensive public sector and industry knowledge, real estate expertise and management experience to CLCT.

About Mr. Tan Tee How: Mr. Tan was appointed as a Non-Executive Independent Director of CLCTML on 1 August 2023. He is also a Member of the NRC of CLCTML. He concurrently serves as Chairman of the Gambling Regulatory Authority of Singapore and the National Healthcare Group as well as a Director at Hong Leong Finance Limited.

Mr. Tan was previously in the Singapore Civil Service for 34 years and was awarded the Public Administration Medal twice in the Gold and Silver grades. Mr. Tan holds a Bachelor of Business Administration (Hons) from the National University of Singapore and a Master of Public Administration at Harvard University, USA. He completed the Advanced Management Programme at Wharton Business School, University of Pennsylvania, USA.

COMPOSITION OF BOARD AND BOARD COMMITTEES: Following the abovementioned matters, the Board of the Company will comprise eight Directors, of whom five are Non-Executive Independent Directors. The members of the Board and the Board Committees of the Company with effect from 23 April 2024 will be as follows: Board of Directors: Mr. Tan Tee How- Chairman, Non-Executive Independent Director; Mr. Tan Tze Wooi - Chief Executive Officer, Executive Non-Independent Director; Mr. Neo Poh Kiat- Non-Executive Independent Director; Professor Ong Seow Eng Non-Executive Independent Director; Ms Tay Hwee Pio- Non-Executive Independent Director; Ms Wan Mei Kit- Non-Executive Independent Director; Ms Quah Ley Hoon- Non-Executive Non-Independent Director; Mr. Puah Tze Shyang- Non-Executive Non-Independent Director. Audit and Risk Committee: Mr. Neo Poh Kiat - Chairman; Professor Ong Seow Eng Member; Ms Tay Hwee Pio- Member; Ms Wan Mei Kit- Member.

Nominating and Remuneration Committee: Mr. Tan Tee How-Chairman; Mr. Neo Poh Kiat- Member; Ms Quah Ley Hoon - Member. Executive Committee: Ms Quah Ley Hoon Chairman; Mr. Tan Tze Wooi -Member; Mr. Puah Tze Shyang Member. The changes will be effective 23 April 2024.