UOL U14

SGD 7.80 -1.15% -0.09 Updated 13 Nov 2026, 17:16 SGT

Company profile

The business, the people and the ownership behind UOL.

Investor relations ↗Official company website

Business overview

About the company

UOL Group develops, invests in and manages property and hospitality assets. Its international portfolio includes development and investment properties, hotels and serviced suites.

Annual Report 2025 ↗ Reviewed 2026-10-23 · Source dated 2026-04-07. PDF p. 3

Listed security

Company & listing

Full Company Name: UOL GROUP LIMITED
Trading Currency: SGD
Website: www.uol.com.sg
Listing: Listed on 4 September 1964 on MAINBOARD
ISIN Code: SG1S83002349

Board & management

Leadership

Roles and appointments are as reported in this annual report, rather than a claim of live current appointments. The directors roster is dated 26 February 2026. The AGM disclosures refer prospectively and conditionally to the meeting scheduled for 27 April 2026. Director total remuneration is converted from source SGD thousands to SGD; component percentages retain original dashes. Directors’ fees are subject to shareholder approval at the upcoming AGM and exclude fees payable by subsidiaries. KMP percentage mix is an aggregate for the five named personnel, not each individual’s mix; total KMP remuneration excludes the GCE. Option balances in the summary represent underlying unissued ordinary shares.

Wee Ee Lim

Chairman; Non-Executive and Non-Independent Director

PDF p. 23

9 May 2006

Board of Directors PDF p. 23

28 April 2025

Board of Directors PDF p. 23

Appointed Chairman of UOL on 27 February 2024; previously Deputy Chairman since 12 August 2015.

UOL Group leadership PDF p. 23

Total remuneration: SGD 210,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Nominating Committee: Member

UOL PDF p. 27

Remuneration Committee: Member

UOL PDF p. 27

Executive Committee: Chairman

UOL PDF p. 27

Liam Wee Sin

Group Chief Executive; Executive and Non-Independent Director

PDF p. 23

25 April 2019

Board of Directors PDF p. 23

24 April 2024

Board of Directors PDF p. 23

Appointed Group Chief Executive of UOL in 2019.

UOL Group leadership PDF p. 23

Group Chief Executive

Senior management personnel roster PDF p. 27

Total remuneration: SGD 4,480,000; salary: 20%; bonuses: 58%; directors’ fees: –; Long-Term Performance Plan: 10%; defined contribution plans: –; benefits-in-kind and others: 12%; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Executive Committee: Member

UOL PDF p. 27

Poon Hon Thang Samuel

Non-Executive and Independent Director

PDF p. 24

12 May 2016

Board of Directors PDF p. 24

28 April 2023

Board of Directors PDF p. 24

Total remuneration: SGD 105,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Prospective AGM disclosure: Retirement by rotation; not offering himself for re-election; Board departure effective upon conclusion of the Meeting; ceases to be Nominating Committee Chairman upon retirement.

UOL Group Limited PDF p. 223 As reported at 2026-04-27

Nominating Committee: Chairman

UOL PDF p. 27

Wee Ee-chao

Non-Executive and Non-Independent Director

PDF p. 24

9 May 2006

Board of Directors PDF p. 24

28 April 2023

Board of Directors PDF p. 24

Total remuneration: SGD 75,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Prospective AGM disclosure: Upon re-election, continues to serve as a Member of the Board of Directors.

UOL Group Limited PDF p. 223 As reported at 2026-04-27

Sim Hwee Cher

Non-Executive and Independent Director

PDF p. 25

25 April 2019

Board of Directors PDF p. 25

28 April 2025

Board of Directors PDF p. 25

Total remuneration: SGD 170,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Remuneration Committee: Member

UOL PDF p. 27

Audit, Risk Management and Sustainability Committee: Chairman

UOL PDF p. 27

Lee Chin Yong Francis

Non-Executive and Independent Director

PDF p. 25

2 January 2020

Board of Directors PDF p. 25

24 April 2024

Board of Directors PDF p. 25

Total remuneration: SGD 155,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Prospective AGM disclosure: Upon re-election, continues to serve as a member of the Executive, Nominating, and Audit, Risk Management and Sustainability Committees.

UOL Group Limited PDF p. 223 As reported at 2026-04-27

Nominating Committee: Member

UOL PDF p. 27

Executive Committee: Member

UOL PDF p. 27

Audit, Risk Management and Sustainability Committee: Member

UOL PDF p. 27

Lau Cheng Soon

Non-Executive and Independent Director

PDF p. 26

23 April 2021

Board of Directors PDF p. 26

24 April 2024

Board of Directors PDF p. 26

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Remuneration Committee: Chairman

UOL PDF p. 27

Executive Committee: Member

UOL PDF p. 27

Audit, Risk Management and Sustainability Committee: Member

UOL PDF p. 27

Yip Wai Ping Annabelle

Non-Executive and Independent Director

PDF p. 26

27 May 2022

Board of Directors PDF p. 26

28 April 2025

Board of Directors PDF p. 26

Total remuneration: SGD 120,000; salary: –; bonuses: –; directors’ fees: 100%; Long-Term Performance Plan: –; defined contribution plans: –; benefits-in-kind and others: –; total remuneration percentage: 100%

FY2025 director remuneration PDF p. 71 As reported at 2025-12-31

Audit, Risk Management and Sustainability Committee: Member

UOL PDF p. 27

The directors of the Company

Wee Ee Lim; Liam Wee Sin; Poon Hon Thang Samuel; Wee Ee-chao; Sim Hwee Cher; Lee Chin Yong Francis; Lau Cheng Soon; Yip Wai Ping Annabelle

Board at 31 December 2025 and statement date PDF p. 100 As reported at 2026-02-26

Choe Peng Sum

Chief Executive Officer, Pan Pacific Hotels Group Limited; appointed 1 September 2019.

UOL Group leadership PDF p. 29

Chief Executive Officer (Pan Pacific Hotels Group Limited)

Senior management personnel roster PDF p. 27

Ng Tiang Poh Eric

Chief Financial Officer, UOL; appointed in 2024.

UOL Group leadership PDF p. 29

Chief Financial Officer

Senior management personnel roster PDF p. 27

Neo Soon Hup

Chief Operating Officer, UOL; appointed 1 September 2022.

UOL Group leadership PDF p. 29

Chief Operating Officer

Senior management personnel roster PDF p. 27

Yeong Sien Seu

Chief Legal and Sustainability Officer/Company Secretary; re-designated 27 February 2024.

UOL Group leadership PDF p. 29

Chief Legal and Sustainability Officer

Senior management personnel roster PDF p. 27

Shirley Ng

Chief Investment and Asset Officer

Senior management personnel roster PDF p. 27

Joined UOL as Chief Investment Officer on 1 January 2023; subsequently re-designated Chief Investment and Asset Officer.

UOL PDF p. 30

Key Management Personnel

Salary 48%; bonuses 32%; long-term performance plan 14%; defined contribution plans 1%; benefits-in-kind and others 5%; total 100%.

FY2025 aggregate key-management remuneration mix PDF p. 71 As reported at 2025-12-31

Key management personnel excluding GCE

$5,304,000

FY2025 excluding GCE PDF p. 71 As reported at 2025-12-31

Wee Wei Ling

Remuneration band $600,000 to $700,000; Executive Director (Sustainability Partnerships, Lifestyle and Asset), PPHG; sister of Wee Ee-chao, Wee Ee Lim and Wee Ee Cheong.

FY2025 immediate family member of directors PDF p. 72 As reported at 2025-12-31

Long-Term Performance Plan

Deferred cash plan; three-year performance assessment; cash final award based on pre-determined financial and non-financial targets; achievement factor capped at 150%; unit value tied to Company share price at vesting.

FY2025 key management personnel; plan terms PDF p. 71

UOL Group Executives’ Share Option Scheme

No options granted during FY2025; no options issued since March 2023 when the Long-Term Performance Plan was implemented; unissued ordinary shares under options at 31 December 2025: 5,131,500.

FY2025 share option scheme PDF p. 102 As reported at 2025-12-31

Yvonne Tan

Chief Corporate and Development Officer

UOL Group Limited PDF p. 30

Chan Weng Khoon

Chief Corporate Engineering & Development Officer

UOL Group Limited PDF p. 30

Appointed Chief Corporate Engineering & Development Officer on 1 January 2023.

UOL PDF p. 30

Pang Cheng Biing

Chief Technology Officer

UOL Group Limited PDF p. 30

Joined UOL as Chief Technology Officer in 2024.

UOL PDF p. 30

Roles listed in THE UOL DISTINCTION — ANNUAL REPORT 2025; current appointments are not independently verified.

Holdings

Ownership

Substantial shareholder interests are dated 4 March 2026; direct, deemed and total holdings are separate and may overlap between holders. Do not sum them to infer ownership. The source calls the top20 schedule Twenty largest shareholders and does not explicitly identify it as registered/depository. Nominee and custody names do not establish beneficial ownership. The top20 TOTAL is an aggregate. Asterisked director holdings include shares registered in the name of nominees. Director interests at 21 January 2026 were the same as at 31 December 2025. The option grant-year schedule counts underlying unissued ordinary shares; original dashes are retained. Public shareholding remains the report’s approximate 54.03%.

Wee Ee Cheong

29.67%Total interest

Direct interest: 776,112 sharesdeemed interest: 250,395,647 sharestotal: 251,171,759 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

Wee Ee Lim

29.65%Total interest

Direct interest: 718,670 sharesdeemed interest: 250,315,671 sharestotal: 251,034,341 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

Wee Ee-chao

16.05%Total interest

Direct interest: 489,430 sharesdeemed interest: 135,427,757 sharestotal: 135,917,187 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

Wee Investments (Pte) Limited

15.96%Total interest

Direct interest: 135,135,536 sharesdeemed interest: — sharestotal: 135,135,536 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

C.Y. Wee & Company Private Limited

13.60%Total interest

Direct interest: 115,162,017 sharesdeemed interest: — sharestotal: 115,162,017 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

Haw Par Corporation Limited

8.51%Total interest

Direct interest: — sharesdeemed interest: 72,044,768 sharestotal: 72,044,768 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

United Overseas Bank Limited (“UOB”)

7.00%Total interest

Direct interest: — sharesdeemed interest: 59,283,898 sharestotal: 59,283,898 shares

as shown in Register of Substantial Shareholders; issued share capital PDF p. 216 As reported at 2026-03-04

WEE INVESTMENTS (PTE) LIMITED

15.96%Total interest

Number of shares: 135,135,536

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

CITIBANK NOMINEES SINGAPORE PTE LTD

15.80%Total interest

Number of shares: 133,787,380

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

C.Y. WEE & COMPANY PRIVATE LIMITED

13.60%Total interest

Number of shares: 115,162,017

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

DBSN SERVICES PTE. LTD.

7.55%Total interest

Number of shares: 63,947,045

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

TYE HUA NOMINEES PRIVATE LIMITED

7.00%Total interest

Number of shares: 59,258,209

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

HSBC (SINGAPORE) NOMINEES PTE LTD

5.46%Total interest

Number of shares: 46,256,419

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

HAW PAR CAPITAL PTE LTD

4.57%Total interest

Number of shares: 38,649,505

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

DBS NOMINEES (PRIVATE) LIMITED

4.07%Total interest

Number of shares: 34,487,485

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

RAFFLES NOMINEES (PTE.) LIMITED

4.04%Total interest

Number of shares: 34,182,597

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

HAW PAR INVESTMENT HOLDINGS PRIVATE LIMITED

3.39%Total interest

Number of shares: 28,705,436

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

BPSS NOMINEES SINGAPORE (PTE.) LTD.

1.63%Total interest

Number of shares: 13,810,894

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

UNITED OVERSEAS BANK NOMINEES (PRIVATE) LIMITED

0.56%Total interest

Number of shares: 4,736,050

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

HO HAN LEONG CALVIN

0.33%Total interest

Number of shares: 2,765,000

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

WEE WEI LING

0.24%Total interest

Number of shares: 2,053,151

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

PHILLIP SECURITIES PTE LTD

0.23%Total interest

Number of shares: 1,919,713

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

PICKWICK SECURITIES PRIVATE LIMITED

0.22%Total interest

Number of shares: 1,888,037

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

OCBC NOMINEES SINGAPORE PRIVATE LIMITED

0.19%Total interest

Number of shares: 1,575,911

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

STRAITS MARITIME LEASING PRIVATE LIMITED

0.18%Total interest

Number of shares: 1,539,974

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

LOW KENG BOON @ LAU BOON SEN

0.17%Total interest

Number of shares: 1,468,314

Twenty Largest Shareholders; ordinary shares PDF p. 215 As reported at 2026-03-04

OCBC SECURITIES PRIVATE LIMITED

0.16%Total interest

Number of shares: 1,396,049

Twenty Largest Shareholders; ordinary shares; nominee holding PDF p. 215 As reported at 2026-03-04

TOTAL

85.35%Total interest

Number of shares: 722,724,722

Twenty Largest Shareholders PDF p. 215 As reported at 2026-03-04

Wee Ee Lim

Registered in name of director: 718,670 (31 December 2025), 718,670 (1 January 2025); deemed interest: 250,317,032 (31 December 2025), 135,155,015 (1 January 2025)

UOL Group Limited ordinary shares PDF p. 100 As reported at 2025-12-31

Liam Wee Sin

Registered in name of director: 728,777 (31 December 2025), 488,777 (1 January 2025); deemed interest: – (31 December 2025), – (1 January 2025)

UOL Group Limited ordinary shares PDF p. 100 As reported at 2025-12-31

Wee Ee-chao

Registered in name of director: 489,430* (31 December 2025), 489,430* (1 January 2025); deemed interest: 135,430,585* (31 December 2025), 135,430,585* (1 January 2025)

UOL Group Limited ordinary shares PDF p. 100 As reported at 2025-12-31

Yip Wai Ping Annabelle

Registered in name of director: 4,500* (31 December 2025), 4,500* (1 January 2025); deemed interest: – (31 December 2025), – (1 January 2025)

UOL Group Limited ordinary shares PDF p. 100 As reported at 2025-12-31

Liam Wee Sin

Registered in name of director: 400,000 (31 December 2025), 700,000 (1 January 2025); deemed interest: – (31 December 2025), – (1 January 2025)

UOL Group Executives’ Share Options PDF p. 100 As reported at 2025-12-31

Other directors

Save as disclosed above, none of the other directors holding office at 31 December 2025 has any interest in the ordinary shares and Executives’ Share Options of the Company and any other related corporations of the Company, as recorded in the register of directors’ shareholdings.

Directors’ register at 31 December 2025 PDF p. 101

Liam Wee Sin

Granted since commencement: 1,718,000; exercised since commencement: 1,258,000; lapsed since commencement: 60,000; outstanding at 31 December 2025: 400,000

UOL Group Executives’ Share Option Scheme PDF p. 101 As reported at 2025-12-31

2015 Options

Beginning 1 January 2025: 382,000; granted during 2025: –; exercised: –; lapsed: 382,000; ending 31 December 2025: –; exercise/subscription price (SGD per share): 7.67; option period: 11.03.2016 to 10.03.2025

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2016 Options

Beginning 1 January 2025: 88,000; granted during 2025: –; exercised: 40,000; lapsed: –; ending 31 December 2025: 48,000; exercise/subscription price (SGD per share): 5.87; option period: 11.03.2017 to 10.03.2026

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2017 Options

Beginning 1 January 2025: 439,000; granted during 2025: –; exercised: 168,000; lapsed: –; ending 31 December 2025: 271,000; exercise/subscription price (SGD per share): 6.61; option period: 10.03.2018 to 09.03.2027

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2018 Options

Beginning 1 January 2025: 615,000; granted during 2025: –; exercised: –; lapsed: –; ending 31 December 2025: 615,000; exercise/subscription price (SGD per share): 8.49; option period: 09.03.2019 to 08.03.2028

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2019 Options

Beginning 1 January 2025: 610,000; granted during 2025: –; exercised: 211,500; lapsed: 21,000; ending 31 December 2025: 377,500; exercise/subscription price (SGD per share): 6.59; option period: 08.03.2020 to 07.03.2029

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2020 Options

Beginning 1 January 2025: 871,000; granted during 2025: –; exercised: 62,000; lapsed: 79,000; ending 31 December 2025: 730,000; exercise/subscription price (SGD per share): 7.32; option period: 09.03.2021 to 08.03.2030

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2021 Options

Beginning 1 January 2025: 1,115,000; granted during 2025: –; exercised: 54,000; lapsed: 74,000; ending 31 December 2025: 987,000; exercise/subscription price (SGD per share): 7.42; option period: 08.03.2022 to 07.03.2031

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2022 Options

Beginning 1 January 2025: 1,262,000; granted during 2025: –; exercised: 141,000; lapsed: 74,000; ending 31 December 2025: 1,047,000; exercise/subscription price (SGD per share): 6.89; option period: 08.03.2023 to 07.03.2032

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

2023 Options

Beginning 1 January 2025: 1,494,000; granted during 2025: –; exercised: 331,000; lapsed: 107,000; ending 31 December 2025: 1,056,000; exercise/subscription price (SGD per share): 6.80; option period: 07.03.2024 to 06.03.2033

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

Total option balances

Beginning 1 January 2025: 6,876,000; granted during 2025: –; exercised: 1,007,500; lapsed: 737,000; ending 31 December 2025: 5,131,500

Unissued ordinary shares under UOL Group Executives’ Share Options PDF p. 102 As reported at 2025-12-31

UOL Group Limited

1,007,500 ordinary shares issued on exercise of options during FY2025.

FY2025 PDF p. 102 As reported at 2025-12-31

Issued share capital

846,595,232 ordinary shares

UOL Group Limited PDF p. 216 As reported at 2026-03-04

Public shareholding

Approximately 54.03% of issued ordinary shares

UOL Group Limited PDF p. 215 As reported at 2026-03-04

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Group structure

Subsidiaries, joint ventures and associates

As reported at 2025-12-31

These rows reproduce the original subsidiary, unit trust, associated-company and joint-venture schedules, plus the entity named in the Pilkon footnote. Group and non-controlling percentages are separate axes, with each named intermediate holder retained; they are not recomputed as UOL effective ownership. Cost of investment is SGD thousands; ~ means less than SGD1,000. Original markers: ^ newly incorporated; @ dormant and audit-exempt; *** company limited by guarantee without share capital; * audited by overseas PwC firms (or, for associates, audit not required under local law); ** other auditors; # audit not required under local law (the associated-company # instead describes Pilkon’s 65% holding in Plaza Hotel). Former names and aliases are retained. Plaza Hotel’s 65% belongs to Pilkon; its country and UOL effective interest are not stated.

Company	Market	Ownership interest
Pan Pacific Hotels Group Limited (“PPHG”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Hotelier, property owner, rental of serviced suites and investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 690,038; Cost of investment (SGD thousands), 2024: 690,038
Singapore Land Group Limited (“SingLand”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Property investment, development and management and information technology related products and services; Ordinary shares held by the Group (%), 2025: 2.35 by UOL 48.02 by UEI; Ordinary shares held by the Group (%), 2024: 2.35 by UOL 48.02 by UEI; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63; Cost of investment (SGD thousands), 2025: 52,940; Cost of investment (SGD thousands), 2024: 52,940
Marina Centre Holdings Pte Ltd ("MCH")Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Hotelier and property investment; Ordinary shares held by the Group (%), 2025: 22.67 by UOL 77.33 by SPL; Ordinary shares held by the Group (%), 2024: 22.67 by UOL 18.67 by SLR 10.00 by PSPL 5.33 by SCL 43.34 by SLT; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: 38.44; Cost of investment (SGD thousands), 2025: 111,484; Cost of investment (SGD thousands), 2024: 111,484
UOL Claymore Investment Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Hotelier; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 50,000; Cost of investment (SGD thousands), 2024: 50,000
UOL Somerset Investments Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Rental of serviced suites; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 75,000; Cost of investment (SGD thousands), 2024: 75,000
UOL Property Investments Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 76,006; Cost of investment (SGD thousands), 2024: 76,006
Novena Square Investments LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 60 by UOL 20 by SPL; Ordinary shares held by the Group (%), 2024: 60 by UOL 20 by SCL; Non-controlling interests (%), 2025: 29.94; Non-controlling interests (%), 2024: 29.94; Cost of investment (SGD thousands), 2025: 162,000; Cost of investment (SGD thousands), 2024: 162,000
Novena Square Development LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 60 by UOL 20 by SPL; Ordinary shares held by the Group (%), 2024: 60 by UOL 20 by SCL; Non-controlling interests (%), 2025: 29.94; Non-controlling interests (%), 2024: 29.94; Cost of investment (SGD thousands), 2025: 42,000; Cost of investment (SGD thousands), 2024: 42,000
UOL Development (St Patrick) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: –; Cost of investment (SGD thousands), 2024: 1,000
UOL Development (Sengkang) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Liquidated; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: –; Cost of investment (SGD thousands), 2024: 1,000
UOL Development (Bartley) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 152	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: –; Cost of investment (SGD thousands), 2024: 30,500
UOL Management Services Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Property management services and property investment; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 2,041; Cost of investment (SGD thousands), 2024: 2,041
UOL Project Management Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Project management services; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 115; Cost of investment (SGD thousands), 2024: 115
UOL Treasury Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Treasury services; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 10,000; Cost of investment (SGD thousands), 2024: 10,000
UOL Equity Investments Pte Ltd (“UEI”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 480,000; Cost of investment (SGD thousands), 2024: 480,000
UOL Overseas Development Pte. Ltd. (“UOD”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 95,200; Cost of investment (SGD thousands), 2024: 50,000
UOL Capital Investments Pte. Ltd. (“UCI”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 52,000; Cost of investment (SGD thousands), 2024: 52,000
UOL Venture Investments Pte. Ltd. (“UVI”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 2,651; Cost of investment (SGD thousands), 2024: 2,651
Secure Venture Investments Limited (“SVIL”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Hong Kong; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 28,208; Cost of investment (SGD thousands), 2024: 28,208
UOL Development (Amber) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: –; Cost of investment (SGD thousands), 2024: 2,000
UOL Ventures Holdings Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: ~; Cost of investment (SGD thousands), 2024: ~
UOL Retail Management Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Retail management consultancy services; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: ~; Cost of investment (SGD thousands), 2024: ~
UOL Investments (Australia) Pte. Ltd. (“UIA”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: 100; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 14,428; Cost of investment (SGD thousands), 2024: 14,428
UOL Hotel Investments (Orchard) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 153	Singapore; Hotelier; Ordinary shares held by the Group (%), 2025: 100; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Cost of investment (SGD thousands), 2025: 1,000; Cost of investment (SGD thousands), 2024: –; Newly incorporated during the financial year.
UIC Development (Private) Limited (“UICD”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland UIC Pte. Ltd (formerly known as UIC Investments (Properties) Pte Ltd)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland Management Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Property management agents; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland Treasury Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
UIC China Realty Pte. Ltd. (“UICCR”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland Commerical (UK) Pte Ltd (formerly known as Singland Overseas Investments Pte. Ltd.) (“SCUK”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland Residential Development Pte. Ltd. (“SRD”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
UIC Commodities Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63; Dormant and exempt from audit under the Companies’ Act.
UIC Printedcircuits Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63; Dormant and exempt from audit under the Companies’ Act.
Singland Commercial Properties Pte. Ltd. (“SCP”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
SingLand Commercial (AUS) Pte. Ltd. (“SL(AUS)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
SingLand Investments (UK) Pte. Ltd. (“SL(UK)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SingLand; Ordinary shares held by the Group (%), 2024: 100 by SingLand; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Singland Properties Limited (“SPL”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 154	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 99.677 by UICD 0.09 by UEI; Ordinary shares held by the Group (%), 2024: 78.88 by UICE 20.76 by UICD 0.037 by UICI 0.09 by UEI; Non-controlling interests (%), 2025: 49.61; Non-controlling interests (%), 2024: 49.61
Singland Gateway Limited (formerly known as Gateway Land Limited)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Realty Management Services (Pte) Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
RMA-Land Development Private LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland SGX Pte Ltd (formerly known as S.L. Realty Pte. Ltd) (“SSGX”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property investment and investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
S.L. Home Loans Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Struck off; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 49.70
Singland Tower Pte. Ltd (formerly known as S.L. Development Pte. Limited) (“SLT”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property investment and investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland China Holdings Pte. Ltd. (“SCH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Homes Pte. Ltd. (“SLH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Clifford Limited (formerly known as S.L. Properties Limited) (“SCL”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property investment and investment holding; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Interpex Services Private LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Struck off; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by SSGX; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 49.70
Singland West Mall Pte. Ltd. (formerly known as Alprop Pte Ltd)Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 50 by SPL 50 by UICD; Ordinary shares held by the Group (%), 2024: 50 by SPL 50 by UICD; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Ideal Homes Pte. LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 100 by SLT; Ordinary shares held by the Group (%), 2024: 100 by SLT; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Development (Farrer Drive) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100 by SLT; Ordinary shares held by the Group (%), 2024: 100 by SLT; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Development (Jervois) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100 by SLT; Ordinary shares held by the Group (%), 2024: 100 by SLT; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland (Chengdu) Development Co., Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	The People’s Republic of China; Property development; Ordinary shares held by the Group (%), 2025: 100 by SCH; Ordinary shares held by the Group (%), 2024: 100 by SCH; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Homes (Alexandra) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 155	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 100 by SLH; Ordinary shares held by the Group (%), 2024: 100 by SLH; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland Homes (London 90) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Struck off; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by SLH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 49.70; Dormant and exempt from audit under the Companies’ Act.
Pothonier Singapore Pte Ltd (“PSPL”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by SCL; Ordinary shares held by the Group (%), 2024: 100 by SCL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Shenton Holdings Private Limited (“SH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by SCL; Ordinary shares held by the Group (%), 2024: 100 by SCL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland TP1 Pte. Ltd. (formerly known as S L Prime Properties Pte Ltd)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
Singland TP2 Pte Ltd (formerly known as S L Prime Realty Pte Ltd)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 100 by SPL; Ordinary shares held by the Group (%), 2024: 100 by SPL; Non-controlling interests (%), 2025: 49.70; Non-controlling interests (%), 2024: 49.70
UIC Technologies Pte Ltd (“UICT”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 60 by SingLand; Ordinary shares held by the Group (%), 2024: 60 by SingLand; Non-controlling interests (%), 2025: 69.78; Non-controlling interests (%), 2024: 69.78
UIC Asian Computer Services Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Retailing of computer hardware and software; Ordinary shares held by the Group (%), 2025: 100 by UICT; Ordinary shares held by the Group (%), 2024: 100 by UICT; Non-controlling interests (%), 2025: 69.78; Non-controlling interests (%), 2024: 69.78
Marina Management Services Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: 100 by MCH; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: 38.44
Hotel Marina City Private LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Hotelier; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: 100 by MCH; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: 38.44
Marina Commune Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
Marina Retail Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
Marina Residential Development Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
Marina Commercial Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
Marina Serviced Residences Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by MCH; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 38.44; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
UIC JinTravel (Tianjin) Co., LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	The People’s Republic of China; Property investment, trading and hotelier; Ordinary shares held by the Group (%), 2025: 100 by UICCR; Ordinary shares held by the Group (%), 2024: 100 by UICCR; Non-controlling interests (%), 2025: 49.63; Non-controlling interests (%), 2024: 49.63
Aquamarina Hotel Private LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 156	Singapore; Hotelier; Ordinary shares held by the Group (%), 2025: 25 by UEI 75 by MCH; Ordinary shares held by the Group (%), 2024: 25 by UEI 75 by MCH; Non-controlling interests (%), 2025: 28.83; Non-controlling interests (%), 2024: 28.83
Shanghai Jin Peng Realty Co. Ltd (“SJP”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	The People’s Republic of China; Property development; Ordinary shares held by the Group (%), 2025: 40 by UCI 30 by SCH; Ordinary shares held by the Group (%), 2024: 40 by UCI 30 by SCH; Non-controlling interests (%), 2025: 44.91; Non-controlling interests (%), 2024: 44.91
Qin Rui Jia (Shanghai) Realty Co. Ltd ("QRJ")Subsidiary; Ordinary shares held by the Group (%)PDF p. 156	The People’s Republic of China; Investment holding; Ordinary shares held by the Group (%), 2025: 25.06 by UCI 18.80 by SCH 37.34 by SJP; Ordinary shares held by the Group (%), 2024: 100 by SJP; Non-controlling interests (%), 2025: 44.91; Non-controlling interests (%), 2024: 44.91
United Venture Development (Bedok) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 50 by UVI 50 by SLT; Ordinary shares held by the Group (%), 2024: 50 by UVI 50 by SLT; Non-controlling interests (%), 2025: 24.85; Non-controlling interests (%), 2024: 24.85
United Venture Development (Clementi) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Liquidated; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 50 by UVI 50 by SLH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 24.85
United Venture Development (Clementi 1) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
UVD (Projects) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 50 by UVI 50 by SLH; Ordinary shares held by the Group (%), 2024: 50 by UVI 50 by SLH; Non-controlling interests (%), 2025: 24.85; Non-controlling interests (%), 2024: 24.85
United Venture Development (Silat) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 50 by UVI 30 by SRD; Ordinary shares held by the Group (%), 2024: 50 by UVI 30 by SRD; Non-controlling interests (%), 2025: 34.89; Non-controlling interests (%), 2024: 34.89
United Venture Development (2020) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 50 by UVI 30 by SRD; Ordinary shares held by the Group (%), 2024: 50 by UVI 30 by SRD; Non-controlling interests (%), 2025: 34.89; Non-controlling interests (%), 2024: 34.89
United Venture Development (2021) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 60 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 60 by UVI 20 by SRD; Non-controlling interests (%), 2025: 29.93; Non-controlling interests (%), 2024: 29.93
United Venture Development (Watten) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
United Venture Development (No.5) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
United Venture Development (Meyer) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
UOL Development (No.1) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by UVI; Ordinary shares held by the Group (%), 2024: 100 by UVI; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
UOL Development (No.2) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by UVI; Ordinary shares held by the Group (%), 2024: 100 by UVI; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
United Venture Development (No. 1) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Liquidated; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 42.5 by UVI 42.5 by SLH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 36.12
United Venture Investments (No.1) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 60 by UVI 20 by SCP; Ordinary shares held by the Group (%), 2024: 60 by UVI 20 by SCP; Non-controlling interests (%), 2025: 29.93; Non-controlling interests (%), 2024: 29.93
United Venture Investments (No.3) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SL(UK); Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SL(UK); Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
United Venture Investments (No.4) Pte. Ltd.(“UVI(No.4)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 157	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 20 by UOD 80 by SC(AUS); Ordinary shares held by the Group (%), 2024: 20 by UOD 80 by SC(AUS); Non-controlling interests (%), 2025: 39.72; Non-controlling interests (%), 2024: 39.72
United Venture Investments (No.5) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by UOD; Ordinary shares held by the Group (%), 2024: 80 by UOD 20 by SL(UK); Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 9.93
United Venture Development (2022) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 60 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 60 by UVI 20 by SRD; Non-controlling interests (%), 2025: 29.93; Non-controlling interests (%), 2024: 29.93
Secure Venture Development (Holly) Pte. Ltd. (“SVD(H)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 53.85 by UVI 30.77 by SRD; Ordinary shares held by the Group (%), 2024: 53.85 by UVI 30.77 by SRD; Non-controlling interests (%), 2025: 30.65; Non-controlling interests (%), 2024: 30.65
United Venture Development (No.7) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Property development; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
United Venture Development (Tamarind) Pte Ltd. (formerly known as United Venture Development (No. 8) Pte. Ltd.)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 80 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: 80 by UVI 20 by SRD; Non-controlling interests (%), 2025: 9.93; Non-controlling interests (%), 2024: 9.93
United Venture Development (No.9) Pte. Ltd. (“UVD(No.9)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 60 by UVI 40 by SRD; Ordinary shares held by the Group (%), 2024: 60 by UVI 40 by SRD; Non-controlling interests (%), 2025: 19.85; Non-controlling interests (%), 2024: 19.85
United Venture Development (No.10) Pte. Ltd. (“UVD(No.10)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 60 by UVI 40 by SCP; Ordinary shares held by the Group (%), 2024: 60 by UVI 40 by SCP; Non-controlling interests (%), 2025: 19.85; Non-controlling interests (%), 2024: 19.85
Secure Venture Development (Horizon) Pte. Ltd. (“SVD(Horizon)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 60 by UVI 20 by SRD; Ordinary shares held by the Group (%), 2024: –; Non-controlling interests (%), 2025: 29.93; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
United Venture Investments (HI) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	United Kingdom/ Singapore; Property investment; Ordinary shares held by the Group (%), 2025: 50 by UVI 50 by SCUK; Ordinary shares held by the Group (%), 2024: 50 by UVI 50 by SCUK; Non-controlling interests (%), 2025: 24.82; Non-controlling interests (%), 2024: 24.82
Secure Venture Development (Alexandra) Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Singapore; Liquidated; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 70 by UVI; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: 30
UOL Serviced Residences Sdn. Bhd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Malaysia; Rental of serviced suites; Ordinary shares held by the Group (%), 2025: 100 by UOD; Ordinary shares held by the Group (%), 2024: 100 by UOD; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Promatik Emas Sdn. Bhd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Malaysia; Property development; Ordinary shares held by the Group (%), 2025: 55 by UOD; Ordinary shares held by the Group (%), 2024: 55 by UOD; Non-controlling interests (%), 2025: 45; Non-controlling interests (%), 2024: 45
Tianjin UOL Xiwang Real Estate Development Co., Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	The People’s Republic of China; Property development, hotelier and property investment; Ordinary shares held by the Group (%), 2025: 100 by UCI; Ordinary shares held by the Group (%), 2024: 100 by UCI; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Hua Ye Xiamen Hotel LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 158	The People’s Republic of China; Hotelier; Ordinary shares held by the Group (%), 2025: 100 by SVIL; Ordinary shares held by the Group (%), 2024: 100 by SVIL; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Investments (Jersey) Limited (“SVIJ”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 158	Jersey; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by UOD; Ordinary shares held by the Group (%), 2024: 100 by UOD; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
One Bishopsgate Plaza LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 158	United Kingdom; Management of real estate; Ordinary shares held by the Group (%), 2025: 100 by SVIJ*; Ordinary shares held by the Group (%), 2024: 100 by SVIJ*; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Nominees (No. 1) LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom; Dormant; Ordinary shares held by the Group (%), 2025: 100 by SVIJ; Ordinary shares held by the Group (%), 2024: 100 by SVIJ; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific London Hotel LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom; Hotelier; Ordinary shares held by the Group (%), 2025: 100 by ULH; Ordinary shares held by the Group (%), 2024: 100 by ULH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
UOL Development (UK) LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom; Property development; Ordinary shares held by the Group (%), 2025: 100 by UVI; Ordinary shares held by the Group (%), 2024: 100 by UVI; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Property Investments LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom/ Hong Kong; Property investment; Ordinary shares held by the Group (%), 2025: 100 by UOD; Ordinary shares held by the Group (%), 2024: 100 by UOD; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Peak Venture Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Under liquidation; Ordinary shares held by the Group (%), 2025: 40 by UCI 30 by SCH; Ordinary shares held by the Group (%), 2024: 40 by UCI 30 by SCH; Non-controlling interests (%), 2025: 44.91; Non-controlling interests (%), 2024: 44.91
Success Venture (CS) Pty LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	Australia; Property investment; Ordinary shares held by the Group (%), 2025: 100 by UIA; Ordinary shares held by the Group (%), 2024: 100 by UIA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
388 GSS Holdings Pty. Ltd. (“388GH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Australia; Trustee company; Ordinary shares held by the Group (%), 2025: 100 by UVI(No.4); Ordinary shares held by the Group (%), 2024: 100 by UVI(No.4); Non-controlling interests (%), 2025: 39.71; Non-controlling interests (%), 2024: 39.71
388 GSS Property Pty. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Australia; Trustee company; Ordinary shares held by the Group (%), 2025: 100 by 388GH; Ordinary shares held by the Group (%), 2024: 100 by 388GH; Non-controlling interests (%), 2025: 39.71; Non-controlling interests (%), 2024: 39.71
United Venture Holdings LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by UVI(No.5); Ordinary shares held by the Group (%), 2024: 100 by UVI(No.5); Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
UOL Investments (Oak) LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	United Kingdom; Property investment; Ordinary shares held by the Group (%), 2025: 100 by UVI(No.5); Ordinary shares held by the Group (%), 2024: 100 by UVI(No.5); Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –; Newly incorporated during the financial year.
Parkroyal Pickering Hotel Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Hotelier and property investment; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Parkroyal Serviced Residences Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Management of serviced suites; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
United Lifestyle Holdings Pte. Ltd. (“ULH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
St Gregory Spa Pte LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Management and operator of health and beauty retreats and facilities; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Dou Hua Restaurants Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Operator of restaurants; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Shared Services Centre Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Provision of accounting services to hotels and serviced suites within the Group; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Parkroyal International Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 159	Singapore; Managing and licensing of trademark; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific International Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Singapore; Managing and licensing of trademark; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
PPHG Ventures Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Singapore; Dormant; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Garden Plaza Company Limited [Note 11(f)]Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Vietnam; Hotelier; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success City Pty LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 160	Australia; Hotelier; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Investments (Australia) Ltd (“SVIA”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	The British Virgin Islands; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Pty LimitedSubsidiary; Ordinary shares held by the Group (%)PDF p. 160	Australia; Trustee company; Ordinary shares held by the Group (%), 2025: 100 by SVIA; Ordinary shares held by the Group (%), 2024: 100 by SVIA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Investments (WA) Limited (“SVIWA”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	The British Virgin Islands; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
HPL Properties (Malaysia) Sdn. Bhd. (“HPM”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
President Hotel Sdn Berhad (“PHSB”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Hotelier; Ordinary shares held by the Group (%), 2025: 66.67 by HPM and 33.33 by PPHG; Ordinary shares held by the Group (%), 2024: 66.67 by HPM and 33.33 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Shared Services Sdn. Bhd. (“SSS”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Provision of accounting services to hotels and serviced suites within the Group; Ordinary shares held by the Group (%), 2025: 100 by PHSB; Ordinary shares held by the Group (%), 2024: 100 by PHSB; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Administrative Services Sdn. Bhd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Provision of administrative services to hotels and serviced suites within the Group; Ordinary shares held by the Group (%), 2025: 100 by SSS; Ordinary shares held by the Group (%), 2024: 100 by SSS; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Grand Elite Sdn. Bhd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Dormant; Ordinary shares held by the Group (%), 2025: 100 by PHSB; Ordinary shares held by the Group (%), 2024: 100 by PHSB; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Grand Elite (Penang) Sdn. Bhd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Malaysia; Dormant; Ordinary shares held by the Group (%), 2025: 100 by PHSB; Ordinary shares held by the Group (%), 2024: 100 by PHSB; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Hotel Investments (Hanoi) Pte. Ltd. (“HIH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 160	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Westlake International CompanySubsidiary; Ordinary shares held by the Group (%)PDF p. 160	Vietnam; Hotelier; Ordinary shares held by the Group (%), 2025: 75 by HIH; Ordinary shares held by the Group (%), 2024: 75 by HIH; Non-controlling interests (%), 2025: 25; Non-controlling interests (%), 2024: 25
YIPL Investment Pte. Ltd. (“YIPL”) [Note 11(f)]Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Yangon Hotel Limited [Note 11(f)]Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Myanmar; Hotelier; Ordinary shares held by the Group (%), 2025: –; Ordinary shares held by the Group (%), 2024: 100 by YIPL; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hospitality Holdings Pte. Ltd. (“PPHH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hospitality Pte. Ltd. (“PPH”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Manage and operate serviced suites and investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHH; Ordinary shares held by the Group (%), 2024: 100 by PPHH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Technical Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Provision of technical services to hotels and serviced suites; Ordinary shares held by the Group (%), 2025: 100 by PPHH; Ordinary shares held by the Group (%), 2024: 100 by PPHH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Marketing Services Pte. Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Provision of marketing and related services to hotels and serviced suites; Ordinary shares held by the Group (%), 2025: 100 by PPHH; Ordinary shares held by the Group (%), 2024: 100 by PPHH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hotels and Resorts Pte. Ltd. (“PPHR”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 100 by PPHH; Ordinary shares held by the Group (%), 2024: 100 by PPHH; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hotels and Resorts Japan Co., LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 161	Japan; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 100 by PPHR; Ordinary shares held by the Group (%), 2024: 100 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific (Shanghai) Hotels Management Co., Ltd.Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	The People’s Republic of China; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 100 by PPHR; Ordinary shares held by the Group (%), 2024: 100 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hotels and Resorts America, Inc. (“PPHRA”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	United States of America; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 100 by PPHR; Ordinary shares held by the Group (%), 2024: 100 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Pan Pacific Hotels and Resorts Australia Pty LtdSubsidiary; Ordinary shares held by the Group (%)PDF p. 161	Australia; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 100 by PPHR; Ordinary shares held by the Group (%), 2024: 100 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
PT. Pan Pacific Hotels & Resorts IndonesiaSubsidiary; Ordinary shares held by the Group (%)PDF p. 161	Indonesia; Hotel manager and operator; Ordinary shares held by the Group (%), 2025: 99 by PPHR and 1 by PPHRA; Ordinary shares held by the Group (%), 2024: 99 by PPHR and 1 by PPHRA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
PT Success Venture Serviced Suites InvestmentsSubsidiary; Ordinary shares held by the Group (%)PDF p. 161	Indonesia; Business development; Ordinary shares held by the Group (%), 2025: 99 by PPHH and 1 by PPHR; Ordinary shares held by the Group (%), 2024: 99 by PPHH and 1 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture Investments (Jakarta) Pte. Ltd. (“SVI(Jkt)”)Subsidiary; Ordinary shares held by the Group (%)PDF p. 161	Singapore; Investment holding; Ordinary shares held by the Group (%), 2025: 100 by PPHG; Ordinary shares held by the Group (%), 2024: 100 by PPHG; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
PT Success Venture Hotel InvestmentsSubsidiary; Ordinary shares held by the Group (%)PDF p. 161	Indonesia; Hotelier/Investment holding; Ordinary shares held by the Group (%), 2025: 99 by SVI(Jkt) and 1 by PPHR; Ordinary shares held by the Group (%), 2024: 99 by SVI(Jkt) and 1 by PPHR; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Marina Bay Hotel Private LimitedAssociated company; Equity holding (%)PDF p. 150	Singapore; Hotelier; Equity holding (%), 2025: 50 by MCH; Equity holding (%), 2024: 50 by MCH
Avenue Park Development Pte. Ltd.Associated company; Equity holding (%)PDF p. 150	Singapore; Liquidated; Equity holding (%), 2025: –; Equity holding (%), 2024: 48 by SLT
City Square Hotel Co. Ltd.Associated company; Equity holding (%)PDF p. 150	Myanmar; Hotelier; Equity holding (%), 2025: 40 by PPH; Equity holding (%), 2024: 40 by PPH
Pilkon Development Company LimitedAssociated company; Equity holding (%)PDF p. 150	The British Virgin Islands; Investment holding; Equity holding (%), 2025: 39.35 by PPHG; Equity holding (%), 2024: 39.35 by PPHG
Marina Promenade LimitedAssociated company; Equity holding (%)PDF p. 150	Singapore; Place management; Equity holding (%), 2025: 25 by MCH; Equity holding (%), 2024: 25 by MCH
Shanghai Qinmaojia Real Estate Co., LtdAssociated company; Equity holding (%)PDF p. 150	The People’s Republic of China; Property development; Equity holding (%), 2025: 10 by QRJ; Equity holding (%), 2024: –; Newly incorporated during the financial year.
Secure Venture Development (No. 1) Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property development; Equity holding (%), 2025: 50 by UVI; Equity holding (%), 2024: 50 by UVI
Topaz Residential Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property development; Equity holding (%), 2025: 50 by UVD (No.9); Equity holding (%), 2024: 50 by UVD (No.9)
Topaz Commercial Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property investments; Equity holding (%), 2025: 50 by UVD (No.10); Equity holding (%), 2024: 50 by UVD (No.10)
Holly Development Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property development; Equity holding (%), 2025: 65 by SVD (H); Equity holding (%), 2024: 65 by SVD (H)
Tamarind Development Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property development; Equity holding (%), 2025: 50 by UVD (No.8); Equity holding (%), 2024: 50 by UVD (No.8)
Horizon Residential Pte. Ltd.Joint venture; Equity holding (%)PDF p. 151	Singapore; Property development; Equity holding (%), 2025: 50 by SVD (Horizon); Equity holding (%), 2024: –; Newly incorporated during the financial year.
Success Venture (Darling Harbour) Unit TrustUnit trust; Units held by the Group (%)PDF p. 162	Australia; Hotelier; Units held by the Group (%), 2025: 100 by SVIA; Units held by the Group (%), 2024: 100 by SVIA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture (Parramatta) Unit TrustUnit trust; Units held by the Group (%)PDF p. 162	Australia; Hotelier; Units held by the Group (%), 2025: 100 by SVIA; Units held by the Group (%), 2024: 100 by SVIA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture (WA) Unit TrustUnit trust; Units held by the Group (%)PDF p. 162	Australia; Hotelier; Units held by the Group (%), 2025: 100 by SVIWA; Units held by the Group (%), 2024: 100 by SVIWA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
Success Venture (Melbourne) Unit TrustUnit trust; Units held by the Group (%)PDF p. 162	Australia; Hotelier; Units held by the Group (%), 2025: 100 by SVIWA; Units held by the Group (%), 2024: 100 by SVIWA; Non-controlling interests (%), 2025: –; Non-controlling interests (%), 2024: –
388 Head Trust (“388HT”)Unit trust; Units held by the Group (%)PDF p. 162	Australia; Investment holding; Units held by the Group (%), 2025: 100 by UVI(No.4); Units held by the Group (%), 2024: 100 by UVI(No.4); Non-controlling interests (%), 2025: 39.71; Non-controlling interests (%), 2024: 39.71
388 Property TrustUnit trust; Units held by the Group (%)PDF p. 162	Australia; Investment property; Units held by the Group (%), 2025: 100 by 388HT; Units held by the Group (%), 2024: 100 by 388HT; Non-controlling interests (%), 2025: 39.71; Non-controlling interests (%), 2024: 39.71
Plaza Hotel Company LimitedEntity held by associated company; Holding by associated company Pilkon Development Company Limited; UOL effective interest not statedPDF p. 150	Hotelier; interest held by Pilkon Development Company Limited: 65% (2025), 65% (2024)

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Item	Value	Period / scope	Source
LIAM WEE SIN	Group Chief Executive	UOL Group Limited	PDF p. 29
CHOE PENG SUM	Chief Executive Officer	Pan Pacific Hotels Group Limited	PDF p. 29
NG TIANG POH ERIC	Chief Financial Officer	UOL Group Limited	PDF p. 29
NEO SOON HUP	Chief Operating Officer	UOL Group Limited	PDF p. 29
YEONG SIEN SEU	Chief Legal and Sustainability Officer/Company Secretary	UOL Group Limited	PDF p. 29
YVONNE TAN	Chief Corporate and Development Officer	UOL Group Limited	PDF p. 30
CHAN WENG KHOON	Chief Corporate Engineering & Development Officer	UOL Group Limited	PDF p. 30
PANG CHENG BIING	Chief Technology Officer	UOL Group Limited	PDF p. 30

Extracted from THE UOL DISTINCTION — ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

Item	Value	Period / scope	Source
Class of shares	Ordinary shares	As at 4 March 2026 · As at 2026-03-04	PDF p. 215
TOTAL	846,595,232 shares	Total issued ordinary shares, all shareholders · As at 2026-03-04	PDF p. 215
Voting rights	One vote per share	As at 4 March 2026 · As at 2026-03-04	PDF p. 215

Treasury shares

Item	Value	Period / scope	Source
No. of Treasury Shares	Nil	As at 4 March 2026 · As at 2026-03-04	PDF p. 215
No. of Subsidiary Holdings#	Nil	As at 4 March 2026 · As at 2026-03-04	PDF p. 215

Shareholding distribution

Item	Value	Period / scope	Source
TOTAL	23,017 shareholders	Total shareholders · As at 2026-03-04	PDF p. 215
1 – 99	5,328 holders; 23.15% of holders; 144,845 shares; 0.02% of shares	Size of shareholders band 1 – 99 · As at 2026-03-04	PDF p. 215
100 – 1,000	8,011 holders; 34.81% of holders; 3,453,749 shares; 0.41% of shares	Size of shareholders band 100 – 1,000 · As at 2026-03-04	PDF p. 215
1,001 – 10,000	7,797 holders; 33.87% of holders; 27,806,371 shares; 3.28% of shares	Size of shareholders band 1,001 – 10,000 · As at 2026-03-04	PDF p. 215
10,001 – 1,000,000	1,853 holders; 8.05% of holders; 83,371,408 shares; 9.85% of shares	Size of shareholders band 10,001 – 1,000,000 · As at 2026-03-04	PDF p. 215
1,000,001 AND ABOVE	28 holders; 0.12% of holders; 731,818,859 shares; 86.44% of shares	Size of shareholders band 1,000,001 and above · As at 2026-03-04	PDF p. 215

Free float

Item	Value	Period / scope	Source
Shares held by the public	approximately 54.03% of the issued ordinary shares of the Company is held by the public	Based on information available to the Company as at 4 March 2026 · As at 2026-03-04	PDF p. 215
Rule 723 compliance	Rule 723 of the SGX-ST Listing Manual is complied with	As at 4 March 2026 · As at 2026-03-04	PDF p. 215

Extracted from THE UOL DISTINCTION — ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

Item	Value	Period / scope	Source
Ng Hui Lian, Dawn	3,377 $'000	Group; controlling shareholders and their associates; FY2025	PDF p. 213
Liam Yuexi, Jeanette	2,231 $'000	Group; directors and their associates; FY2025	PDF p. 213
United Venture Development (Silat) Pte. Ltd.1, a joint venture	125 $'000	Group; KLC; FY2025	PDF p. 213
United Venture Development (2020) Pte. Ltd.1, a joint venture	715 $'000	Group; KLC; FY2025	PDF p. 213
United Venture Development (2021) Pte. Ltd.1, a joint venture	42,673 $'000	Group; KLC; FY2025	PDF p. 213
United Venture Development (2022) Pte. Ltd.1, a joint venture	113,706 $'000	Group; KLC; FY2025	PDF p. 213
Jin Qing (Shanghai) Investment Consultancy Co., Ltd1 and Kheng Leong (Shanghai) Investment Management Co., Ltd1	561 $'000	Group; KLC; FY2025	PDF p. 213
Proceeds from sale of development properties (controlling shareholders and associates)	1,180 $'000	Group; 2025 (2024: –)	PDF p. 202
Interest receivable on loans to joint venture companies	16,191 $'000	Group; 2025 (2024: 18,335); transactions with associated and joint venture companies	PDF p. 202
Marketing fees receivable for sale of development properties	16,505 $'000	Group; 2025 (2024: –); associated and joint venture companies	PDF p. 202
Interest paid/payable on non-controlling shareholder's loans	2,587 $'000	Group; 2025 (2024: 4,719); directors and their associates	PDF p. 202

Director remuneration

Item	Value	Period / scope	Source
Total compensation to directors of the Company included in above	$5,485,000	Group; 2025 (2024: $3,827,000)	PDF p. 202
Wee Ee Lim	210 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Liam Wee Sin	4,480 $'000	Total remuneration FY2025; salary 20%, bonuses 58%, LTPP 10%, benefits 12%	PDF p. 71
Poon Hon Thang Samuel	105 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Wee Ee-chao	75 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Sim Hwee Cher	170 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Lee Chin Yong Francis	155 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Lau Cheng Soon	170 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Yip Wai Ping Annabelle	120 $'000	Total remuneration FY2025; 100% Directors' fees	PDF p. 71
Total remuneration paid to key management personnel (excluding the GCE)	$5,304,000	FY2025	PDF p. 71

Contingent liabilities

Item	Value	Period / scope	Source
Singapore Dollar	1,938,000 $'000	Company guarantees of subsidiaries' borrowings; 2025 (2024: 2,273,900)	PDF p. 190
Pound Sterling	700,651 $'000	Company guarantees of subsidiaries' borrowings; 2025 (2024: 671,152)	PDF p. 190
Australian Dollar	333,569 $'000	Company guarantees of subsidiaries' borrowings; 2025 (2024: 186,616)	PDF p. 190
Total guaranteed borrowings of subsidiaries	2,972,220 $'000	Company; 2025 (2024: 3,131,668)	PDF p. 190
Undertakings to provide financial support	No material loss is expected to arise from these contingent liabilities.	Company	PDF p. 190

Properties

Item	Value	Period / scope	Source
UNITED SQUARE	101 Thomson Road, Singapore	Investment property owned by the Group	PDF p. 84
NOVENA SQUARE	238/A/B Thomson Road, Singapore	Investment property owned by the Group	PDF p. 84
SINGAPORE LAND TOWER	50 Raffles Place, Singapore	Investment property owned by the Group	PDF p. 84
THE GATEWAY	Gateway West, 150 Beach Road, and Gateway East, 152 Beach Road, Singapore	Investment property owned by the Group	PDF p. 85
MARINA SQUARE	6 Raffles Boulevard, Singapore	Investment property owned by the Group	PDF p. 85
388 GEORGE STREET	388 George Street, Sydney, New South Wales 2000, Australia	Investment property owned by the Group	PDF p. 86
120 HOLBORN ISLAND	Midtown, London, EC1N 2TD, United Kingdom	Investment property owned by the Group	PDF p. 86

Subsequent events

Item	Value	Period / scope	Source
Hougang Central site award (14 January 2026)	On 14 January 2026, Horizon Residential Pte. Ltd. (“HRPL”), a joint venture company between the Group, Kheng Leong Company (Private) Limited and CapitaLand Group Pte. Ltd., and CapitaLand Integrated Commercial Trust (“CICT”) were awarded the integrated residential and commercial site at Hougang Central, with a bid of $1.5 billion.	Group · As at 2026-01-14	PDF p. 212
Sale of Pan Pacific Tianjin (30 January 2026)	On 30 January 2026, the Group’s subsidiary entered into a Asset Purchase Agreement for the sale of Pan Pacific Tianjin for a consideration of RMB238 million ($43.6 million equivalent).	Group · As at 2026-01-30	PDF p. 212

Extracted from THE UOL DISTINCTION — ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Source: THE UOL DISTINCTION — ANNUAL REPORT 2025 ↗

Corporate information

Registration & contacts

Incorporated In: SINGAPORE
Telephone: 65 62550233
Fax: 65 62529822
Registered Office: 101 Thomson Road #33-00
United Square
Singapore 307591
Secretary: Yeong Sien Seu / Liang Kaiting Kalyn
Registrar / Transfer Agent: BOARDROOM CORPORATE & ADVISORY SERVICES PTE. LTD.
Registrar Address: 1 Harbourfront Avenue, Keppel Bay Tower, #14-07, Singapore 098632
Auditors: PRICEWATERHOUSECOOPERS LLP
Other Stock Exchange Listings: *SINGAPORE EXCHANGE LTD.
Country: SINGAPORE
Security Type: stocks