HPL H15

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 18 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Immutable FY2022 original values; later Note39 restatement separately displayed.

Original report: PDF p. 16 ↗

Immutable FY2022 original values; later Note39 restatement separately displayed.

Original report: PDF p. 17 ↗

Immutable FY2022 original values; later Note39 restatement separately displayed.

Original report: PDF p. 17 ↗

Immutable FY2022 original values; later Note39 restatement separately displayed.

Original report: PDF p. 30 ↗

Original exchange differences minus16,616 plus other reserves765 later combined as minus15,851; total unchanged.

Original report: PDF p. 52 ↗

UK jointly controlled entity property valuation excludes corporate-structure tax benefits under SFRS(I)13; no impact at January1,2022.

Original report: PDF p. 52 ↗

UK jointly controlled entity property valuation excludes corporate-structure tax benefits under SFRS(I)13; no impact at January1,2022.

Original report: PDF p. 52 ↗

UK jointly controlled entity property valuation excludes corporate-structure tax benefits under SFRS(I)13; no impact at January1,2022.

Original report: PDF p. 53 ↗

UK jointly controlled entity property valuation excludes corporate-structure tax benefits under SFRS(I)13; no impact at January1,2022.

Original report: PDF p. 18 ↗

Liability rollforward includes bank borrowings, leases and interest payable; financing cash excludes dividends, shares and perpetual capital cash.

Original report: PDF p. 40 ↗

SGD thousands after deducting perpetual capital distributions; diluted comparative numerator differs from basic numerator.

Original report: PDF p. 40 ↗

Source explicitly says No.of shares(000); not whole register shares. Current potentially dilutive shares are anti-dilutive.

Original report: PDF p. 37 ↗

Undiscounted337,670 less unearned229,550 equals108,120; current3,242 is included in trade/other payables, noncurrent104,878 separate.

Original report: PDF p. 37 ↗

Share capital includes issued shares; subtract515,300 treasury shares for year-end voting/outstanding count.

Original report: PDF p. 37 ↗

Share capital includes issued shares; subtract515,300 treasury shares for year-end voting/outstanding count.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 18 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 15 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 17 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 18 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.

Register 18 March 2026 has 530,774,951 ordinary shares excluding 515,300 treasury shares, and 2,473 holders; no subsidiary holdings. Top 20 counts sum 507,430,443. Original printed 95.58% equals the sum of individual rounded percentages, while the aggregate share ratio rounds 95.60%; both are retained. Public float 12.56% is a different ownership measure.

68 Holdings beneficial 179,020,924 and registered 60,000,000 are different disclosed bases; Ong beneficial 109,812,255 and registered 84,812,255 differ by 25,000,000. Ong deemed 207,679,232 includes 68 Holdings, Comojo, Reef and spouse; Cuscaden repeats the 68 Holdings block. WI Investments, City Fairy, Angelhead and Peter Kwong Ching Woo each repeat Nassim 117,347,282. Do not sum overlapping direct, beneficial, deemed and nominee positions.

Year-end issued shares 530,440,251 less treasury 515,300 equals 529,924,951; later register 530,774,951 is 850,000 higher at a different date. No undisclosed cause or nominee allocation is inferred. Monetary share capital 757,854 is SGD thousands, and is separate from whole shares.

Full subsidiary schedule has 115 rows:112 current subsidiaries including three dormant and three prior-only rows placed under members voluntary liquidation. Six below 50% holdings are subsidiaries because of control over variable returns. Group effective percentages preserve the source basis. Three Phang Nga entities were incorporated; Kupari interest rises 95% to 97% through subscription; Phang Nga Hotel is the renamed Naka Yai Hotel.

Two significant associates are Bankside Quarter 30% and Leisure Ventures 50%; Great Western Enterprises 70% is a significant jointly controlled entity. Other associates/joint ventures are reported only in aggregate, so the three named entities are not claimed as an exhaustive list of all equity-accounted legal entities.

InterContinental Auckland acquisition completed 30 January 2026 for approximately NZD184 million/SGD140.9 million; it is a subsequent event. Additional 150-million 4.38% perpetual securities were issued 25 March 2026 after year end. April shareholder replies state no concrete asset-sale plans, ongoing discussions over redevelopment and Maldives renovations; these are management statements, not completed disposals or final development approvals. Five annual originals 405 physical pages and nineteen related originals 189 pages are archived.

Original report: PDF p. 16 ↗

Five full financial years ended 31 December 2021–2025. Financial amounts are Singapore dollars thousands; EPS is Singapore cents. EPS weighted share counts are thousands, while issued capital and register share counts are whole shares. Group and Company financial position and equity are separate; income, other comprehensive income and cash flows are Group statements.

Deloitte & Touche LLP gives an unmodified a true and fair view opinion, signed Hoe Chi-Hsien on 30 March 2026. Valuation of Singapore investment properties with carrying amount S$1,526.8 million is the Key Audit Matter; this does not modify the opinion.

FY2022 is restated in the FY2023 report because a UK jointly controlled entity changed investment-property valuation to exclude corporate-structure tax benefits under SFRS(I)13. Assets and equity decrease S$34,585 thousand; profit decreases 36,233 and OCI increases 1,648. No impact at 1 January 2022. Original and restated statements remain separately displayed.

Original FY2022 profit 70,588 becomes 34,355; owners profit 76,408 becomes 40,175. Basic EPS12.65 becomes 5.70 and diluted 12.64 becomes 5.69 Singapore cents. Associates/joint ventures carrying value 912,674 becomes 878,089; Group total assets 3,837,475 becomes 3,802,890. Retained profits 1,036,734 become 1,000,501 and other reserves minus 113,912 become minus 112,264. Company statements and cash endpoints are unchanged.

FY2021 original OCI separately shows foreign-exchange differences minus 16,616 and increase in other reserves 765; the next report combines these as minus 15,851. Original presentation remains available and total comprehensive loss is unchanged.

Current Group cash and bank balances 96,753 less pledged deposits 2,565 equals cash equivalents 94,188. Prior 131,308 less 2,648 equals 128,660. Company cash 6,777 is a separate scope. Operating cash 162,483 less investing 219,681 plus financing 23,181 equals decrease 34,017; opening 128,660 less 34,017 plus FX minus 455 equals 94,188. Finance costs paid 99,464 are classified in financing cash by the original report.

Borrowings 42,832 current plus 1,854,144 noncurrent are distinct from lease liabilities 108,120 and interest payable 8,674. Lease current 3,242 is included in trade and other payables; noncurrent 104,878 is separate. Combined borrowing/lease/interest liability rollforward closes 2,013,770. Undiscounted lease 337,670 less unearned interest 229,550 equals 108,120. Original total lease cash outflow 12,487 thousand, principal cash 2,774 and lease finance expense 12,364 retain separate cash and accrual bases.

Perpetual capital securities 158,800 are separately classified within equity. Owners loss 46,215 less distribution 8,800 gives EPS numerator loss 55,015; denominator 527,387 thousand shares yields loss 10.43 Singapore cents. Current diluted potential shares are anti-dilutive. Prior basic numerator 20,159 and shares 522,455 differ from diluted numerator 20,228 and shares 523,372; both give 3.86 cents.

FY2024 ordinary dividend paid during FY2025 is 4 Singapore cents, totaling 21,093 thousand. Proposed FY2025 dividend 4 cents totals 21,197 thousand on year-end shares and is not accrued as a year-end liability. AGM30 April 2026 approves 4 cents, with minutes stating payment 22 May 2026. The 2025 AGM minutes page 7 literally prints financial year ended December 31,20234 in its approval sentence; this original year typo is retained as a source qualification.

Leadership comprises seven current directors, with Christopher Lim Tien Lock as Group Executive Director and Stephen Lau Buong Lik as Executive Director/Head of Hotel Division. The Company has no CEO position and proposes no CEO appointment; existing executive directors assume the responsibilities. Ong Beng Seng ceased as Managing Director 29 April 2025. Joanna Lim Lan Sim is Company Secretary. The annual report does not identify a named issuer CFO. Nicholas Loup Chelsfield Asia CEO and Arthur Tan outside MD are separate offices.