Annual Reports and Related Documents::

FHT is a global hotel and serviced residence trust listed on the Mainboard of the Singapore Exchange on 14 July 2014. Established with the principal strategy of investing globally (excluding Thailand) on a long-term basis in income-producing real estate assets used predominantly for hospitality purposes, we provide investors exposure to a global hospitality portfolio with 3,913 keys comprising 3,071 hotel rooms and 842 serviced residence units.

Our well-diversified portfolio of 15 quality assets are in prime locations in 9 key cities in Asia, Australia and Europe. With a combined appraised value of approximately S$2.25 billion, these 9 hotels and 6 serviced residences are: InterContinental Singapore, Fraser Suites Singapore, Novotel Melbourne on Collins, Novotel Sydney Darling Square, Sofitel Sydney Wentworth, Fraser

Suites Sydney, ibis Styles London Gloucester Road, Park International London, Fraser Place Canary Wharf London, Fraser Suites Edinburgh, Fraser Suites Glasgow, Fraser Suites Queens Gate London, ANA Crowne Plaza Kobe, The Westin Kuala Lumpur and Maritim Hotel Dresden.

FHT's properties are managed by reputable international hotel chains such as AccorHotels, InterContinental Hotels Group and Marriott International, as well as Frasers Hospitality, one of the largest serviced residence operators globally.

Our sponsor is Frasers Property Limited (Frasers Property or the Sponsor), a multinational developer-owner-operator of real estate products and services across 5 asset classes, namely residential, retail, commercial and business parks, industrial and logistics and hospitality.

Our strategic partner, the TCC Group*, is one of the largest conglomerates in Southeast Asia engaging in a variety of businesses including real estate.

While we enjoy full flexibility in sourcing for acquisitions from third parties, we have been granted the right of first refusal to a pipeline of hospitality assets owned by both the Sponsor and the TCC Group. This further provides us access to future acquisition opportunities.

A stapled group comprising Frasers Hospitality Real Estate Investment Trust (FH-REIT) and Frasers Hospitality Business Trust (FH-BT), FHT is managed by Frasers Hospitality Asset Management Pte. Ltd., the REIT Manager of FH-REIT (the REIT Manager) and Frasers Hospitality Trust Management Pte. Ltd., the Trustee-Manager of FH-BT (the Trustee-Manager) (collectively known as the Managers).

ACQUISITION

GROWTH

The Managers actively pursue asset acquisitions that will provide attractive cash flows and yields to satisfy their investment mandate, so as to enhance the returns to FHT's Stapled Securityholders and improve the future income and capital growth prospects of FHT.

The Managers seek opportunities in key cities with sound economic fundamentals, favourable hospitality market conditions, and a good mix of both business and leisure guests. With FHT's global investment mandate (excluding Thailand), the Managers have maximum flexibility in scanning various regions for opportunities in the hotels and serviced residence asset classes.

FHT's acquisition strategy is further complemented by the right of first refusal granted by Frasers Property and the TCC Group, which provides access to future opportunities

to acquire income-producing properties that are primarily used for hospitality purposes.

ACTIVE ASSET MANAGEMENT AND ENHANCEMENT STRATEGY

The Managers will continue to identify opportunities and implement strategies to improve the operational cash flow of the properties. Working closely with the hotel and serviced residence operators, the Managers focus on the areas of revenue optimisation, cost control and operating efficiency, prioritising strategies that have the highest impact on the overall performance of the properties.

In addition to active asset management of the properties, the Managers proactively identify opportunities for asset enhancement initiatives to successfully reposition the properties, generate higher cash flows and increase the value of the properties.

CAPITAL AND RISK MANAGEMENT STRATEGY

The Managers endeavour to maintain a strong balance sheet and manage exposure to risks prudently by employing various strategies and measures to optimise the returns to FHT's Stapled Securityholders. These measures may involve employing an appropriate mix of debt and equity in financing acquisitions; securing diversified funding sources by accessing both financial institutions and capital markets; and utilising interest rate and foreign exchange hedging strategies, where appropriate, to minimise exposure to market volatility.