48 | CITY DEVELOPMENTS LIMITED Principle 8: Disclosure of Remuneration Disclosure of Remuneration (Provisions 8.1(a) and 8.3) The compensation packages for employees including the Executive Chairman, Group CEO and the other ExCo members, based on the Company’s Remuneration Framework, also take into account amongst other factors, the individual’s performance, the performance of the Group and industry practices. During the year, there were no termination, retirement or post-employment benefits (other than CPF contributions) granted to any Director or any ExCo member. The remuneration of each Director (including the Group CEO) for FY 2025, including a breakdown in percentage terms of the components of the remuneration, is set out below: Fixed Salary* STI* LTI ** Board/ Committee Fees*** Other Benefits Total % % % % % $ Executive Directors Kwek Leng Beng^ 20.4 75.3 - 1.8 2.5 7,424,219.87 Sherman Kwek^ 19.5 49.8 26.6 2.4 1.7 5,080,226.35 Non-Executive Directors Philip Lee - - - 98.1 1.9 272,716.60 Philip Yeo(2) - - - 100.0 - 55,817.93 Colin Ong - - - 96.1 3.9 132,716.60 Daniel Desbaillets - - - 100.0 - 211,083.33 Chong Yoon Chou - - - 100.0 - 128,583.33 Carol Fong - - - 97.7 2.3 221,166.60 Tang Ai Ai Mrs Wong Ai Ai - - - 100.0 - 225,633.33 Jennifer Duong Young(1) - - - 100.0 - 184,541.67 Wong Su Yen(1) - - - 100.0 - 123,325.00 Notes: * The fixed salary (inclusive of AWS) and STI, in the form of annual variable bonus, are inclusive of employer’s central provident fund contributions. ** The final payment of the LTI to be vested is contingent on the achievement of pre-determined stretched targets over a three-year performance period, which can range from 0% to 200% of the award commensurate with the level of performance delivered against the stretch targets. *** These fees comprise Board and Committee fees as well as meeting attendance fees for FY 2025, which were approved by shareholders as a lump sum at the 2025 AGM. ^ Remuneration of these Directors includes remuneration paid or payable by subsidiaries of the Company. (1) Ms Jennifer Young and Ms Wong Su Yen were appointed as Directors of the Company with effect from 7 February 2025. (2) Mr Phillip Yeo retired as a Director and his last day with the Company was 31 July 2025. CORPORATE GOVERNANCE
RkJQdWJsaXNoZXIy ODIwNTc=