56 | CITY DEVELOPMENTS LIMITED Material Contracts Except as disclosed above and in the financial statements for FY 2025, there were no material contracts entered into by the Company and its subsidiaries involving the interests of the Group CEO, Directors or controlling shareholders, which are either still subsisting at the end of FY 2025 or, if not then subsisting, entered into since the end of the previous financial year. SHAREHOLDER RIGHTS AND ENGAGEMENT Principle 11: Shareholder Rights and Conduct of General Meetings Being committed to good corporate practices, the Company treats all shareholders fairly and equitably. To facilitate the exercise of shareholders’ rights, the Company ensures that all material information relating to the Company and its financial performance is disclosed in an accurate and timely manner via SGXNet and uploaded at the Company’s corporate website. General Meetings (Provisions 11.1, 11.2 and 11.3) Shareholders are informed of general meetings through notices sent to them via post. All shareholders are entitled to attend and vote at general meetings in person or by proxy or in the case of a corporate shareholder, through its appointed representative. At general meetings of the Company, shareholders are given the opportunity to communicate their views and are encouraged to ask the Directors and the Management questions regarding matters affecting the Company. The rules for the appointment of proxies, including information that voting will be conducted by way of poll, are set out in the notice of general meetings. In accordance with the Constitution of the Company, shareholders who are not relevant intermediaries may appoint not more than two proxies to attend, speak and vote at general meetings in their absence, and shareholders who are relevant intermediaries may appoint more than two proxies to attend, speak and vote at general meetings. The proxy forms must be deposited at such place or places specified in the notice or document accompanying the notice convening the general meetings at least seventy-two hours before the time set for the general meetings. The Company provides separate resolutions at general meetings on each substantial issue, including treating the re-election of each Director as a separate resolution. Detailed information on each item in the AGM agenda is provided in the explanatory notes to the notice of AGM. All Directors, including the Board Chairman, the Lead ID, the chairmen of the respective Committees, Management, the external auditors and legal advisors (where necessary) are present at general meetings to address queries from the shareholders. At each AGM, the Group CEO delivers presentations to update shareholders on the Company’s operations and financial performance in the preceding year. 2025 AGM The 2025 AGM was held on 23 April 2025 in a hybrid mode, with physical attendance of shareholders at M Hotel, Singapore and using virtual meeting technology. Shareholders who participated at the 2025 AGM whether physically or using virtual meeting technology, were able to vote in real-time. They were also able to submit questions in advance or during the 2025 AGM and/or appoint proxy(ies) to attend, speak and vote on their behalf at the 2025 AGM. Responses to substantial and relevant questions submitted by shareholders in advance prior to the 2025 AGM were released via SGXNet on 17 April 2025 and those received live, whether physically or using virtual meeting technology, were addressed by the Company at the meeting. For the 2025 AGM, the Company also prepared an overflow room at M Hotel, Singapore with two-way live video feed facilities to ensure that all shareholders who attended the 2025 AGM physically were able to participate and exercise their right to vote and ask questions, similar to shareholders attending the 2025 AGM in the main meeting hall. All the Directors, including the Board Chairman and the chairmen of the ARC, NRC and BSC, together with the KMP (who are not Directors) as well as the external auditors were in attendance at the 2025 AGM. Forthcoming 2026 AGM The forthcoming 2026 AGM will continue to be held in a hybrid mode with physical attendance of shareholders at M Hotel, Singapore on 29 April 2026 and using virtual meeting technology. Shareholders will be informed of arrangements for the 2026 AGM through a notification sent by post. Shareholders will receive, via post, the Notice of the 2026 AGM together with a copy each of the detachable proxy form and annual report request form for shareholders’ use. These documents will also be made available on the Company’s corporate website. The Notice of the 2026 AGM and the accompanying proxy form will be published on the SGX website. Further, as part of the Company’s commitment towards environmental sustainability, printed annual reports will only be sent to shareholders upon receipt of duly completed annual report request forms. Arrangements relating to attendance at the 2026 AGM, either physically or using virtual meeting technology, submission of questions in advance of, or at CORPORATE GOVERNANCE
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