City Developments Limited - Annual Report 2025

CONTENTS View the Annual Report online: www.cdl.com.sg/annualreport2025 OVERVIEW 12 2025 Highlights 13 5-Year Financial Highlights 14 Chairman’s Statement 16 Group CEO’s Statement 18 Corporate Network 19 Corporate Structure 20 Highlights of the Year 22 Awards and Accolades 23 Corporate Directory CORPORATE GOVERNANCE 24 Board of Directors 30 Management Executive Committee 32 Corporate Governance 62 Risk Management 70 Investor Relations 72 Calendar of Financial Events SUSTAINABILITY 73 Sustainability Board Statement FINANCIALS AND OTHER INFORMATION 102 Statutory Reports and Accounts 243 Statistics of Ordinary Shareholdings 245 Statistics of Preference Shareholdings 246 Share Transaction Statistics 247 Notice of Annual General Meeting 256 Additional Information on Directors Seeking Re-Election Proxy Form BUSINESS OVERVIEW 82 Financial Review 84 Operations and Market Review PROPERTY PORTFOLIO 90 Property Portfolio Analysis 93 Major Properties ANNUAL REPORT 2025 | 1

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