CDL AR 2024

NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 44 ASSOCIATES AND JOINT VENTURES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2024 2023 % % Joint Ventures of the Company (cont’d) (4) HThree City Australia Pte. Ltd. Property fund management (including REIT management and direct property fund management) Singapore 33 33 (4) HThree City Jade Pte. Ltd. Other holding company Singapore 50 50 (3) IREIT Global Group Pte. Ltd. Property fund management Singapore 49.5(d) 49.5(d) (1) Legend Quay Pte. Ltd. Property owner and developer Singapore 50 50 (1) Legend Commercial Trust Property owner and developer Singapore 50 50 (8) Macaulay North Melbourne Pty Ltd Trustee Australia 50 50 (6) Maximus Commercial SG Pte. Ltd. Property owner and developer Singapore 50 50 (6) Maximus Residential SG Pte. Ltd. Property owner and developer Singapore 50 50 (1) NovaSims Development Pte. Ltd. Property developer Singapore 40 40 (1) Richmond Hotel Pte Ltd Property owner, developer and investment holding Singapore 33 33 (5) Shanghai CF Enterprise Group Co., Ltd Operator of online apartment rental platform People’s Republic of China 21 21 (2) Suzhou Fulong Zhidi Investment Center (Limited Partnership) Equity Investment People’s Republic of China 59 59 (1) South Beach Consortium Pte. Ltd. Property owner, developer and investment holding Singapore 50.1(c) 50.1(c) (1) Siena Residential Development Pte. Ltd. Property owner and developer Singapore 50 50 (1) Siena Commercial Trust Property owner and developer Singapore 50 50 (8) Spencer West Melbourne Pty Ltd Trustee Australia 50 50 (6) Taurus Properties SG Pte. Ltd. Property owner and developer Singapore 50 50 (6) Tembusu Residential Pte. Ltd. Property owner and developer Singapore 51(c) 51(c) (1) Transcend Residential (Toa Payoh) Pte. Ltd. Property owner and developer Singapore 50 50 FINANCIALS CITY DEVELOPMENTS LIMITED 222

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