NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2025 2024 % % Direct/Indirect subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (1) King’s Tanglin Shopping Pte. Ltd. Property owner Singapore 100 100 (2) Lakeside Operating Partnership L.P. Hotel ownership USA 100 100 (9) London Britannia Hotel Limited Hotel owner United Kingdom 100 100 (9) London Tara Hotel Limited Hotel owner and operator United Kingdom 100 100 (2) M&C Crescent Interests, LLC Property owner USA 100 100 (2) M&C Hotel Interests, Inc. Hotel management services company USA 100 100 (2) M&C Hotels France SAS Hotel owner France 100 100 (2) M&C New York (Times Square) EAT II LLC Hotel owner USA 100 100 (2) M&C New York (Times Square), LLC Investment holding USA 100 100 (1) M&C REIT Management Limited REIT investment management services Singapore 100 100 (7) M&C Sakura TMK Property owner Japan 100 100 (2) Marquee Brisbane Hotel Trust Property owner Australia 93 90 (2) Marquee Brisbane Hotel 2 Trust Hotel owner Australia 93 90 (5) Millennium & Copthorne Hotels Management (Shanghai) Limited Provision of hotel management and consultancy services People’s Republic of China 100 100 (2) Millennium & Copthorne Hotels New Zealand Limited Hotel investment holding company New Zealand 86 81 (1) Millennium & Copthorne International Limited Hotels and resorts management Singapore 100 100 (2) Millennium Charles De Gaulle Paris SAS Hotel operator France 100 100 (2) Millennium Hotels Italy Holdings S.r.l Holding company Italy 100 100 (2) Millennium Hotels Palace Management S.r.l Hotel operator Italy 100 100 238 | CITY DEVELOPMENTS LIMITED
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