NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixty-Third Annual General Meeting (the “AGM”) of City Developments Limited (the “Company”) will be convened and held at M Hotel Singapore, Banquet Suite, Level 10, 81 Anson Road, Singapore 079908 and using virtual meeting technology on Wednesday, 29 April 2026 at 10.00 a.m. for the following purposes: (A) ORDINARY BUSINESS 1. To receive the Directors’ Statement and Audited Financial Statements for the year ended 31 December (“FY”) 2025 and the Auditors’ Report thereon. 2. To declare a final one-tier tax-exempt ordinary dividend of $0.25 per ordinary share (“Final Ordinary Dividend”) for FY 2025. 3. To approve Directors’ Fees of up to $2,000,000 for the financial year ending 31 December 2026 (FY 2025: up to $2,000,000; actual paid: $1,742,634.60). 4. To re-elect the following Directors, who are retiring in accordance with Clause 83(a) of the Constitution of the Company (“Clause 83(a)”) and who, being eligible, offer themselves for re-election: (a) Mr Kwek Leng Beng (b) Mr Sherman Kwek Eik Tse (c) Mr Chong Yoon Chou (d) Ms Chan Swee Liang Carolina Key information on the Directors who are proposed to be re-elected pursuant to Clause 83(a) can be found under the sections on “Board of Directors” and “Additional Information on Directors Seeking Re-election at the 63rd Annual General Meeting” of Annual Report 2025. 5. To re-appoint KPMG LLP as Auditors of the Company and to authorise the Directors to fix their remuneration. (B) SPECIAL BUSINESS To consider and, if thought fit, to pass, with or without any modifications, the following resolutions which will be proposed as Ordinary Resolutions: 6. That authority be and is hereby given to the Directors to: (a) (i) issue ordinary shares of the Company whether by way of rights, bonus or otherwise; and/or (ii) make or grant offers, agreements or options (collectively, “Instruments”) that might or would require ordinary shares to be issued, including but not limited to the creation and issue of (as well as adjustments to) warrants, debentures or other instruments convertible into ordinary shares, at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may, in their absolute discretion, deem fit; and (b) (notwithstanding the authority conferred by this Ordinary Resolution may have ceased to be in force) issue ordinary shares in pursuance of any Instrument made or granted by the Directors while this Ordinary Resolution was in force, ANNUAL REPORT 2025 | 247
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