CapitaLand China Trust - Annual Report 2023

Notes: (A) Significant non-cash and other transactions $14.9 million of the Manager’s management fees (performance and partial base fees) in 2023 will be paid through the issuance of new Units subsequent to the year end. $15.4 million of the Manager’s management fees (performance and partial base fees) in 2022 was paid through the issuance of 13,495,621 new Units in May 2023. (B) Net cash outflow on the acquisition of subsidiaries The consideration payable as at 31 December 2021 for the acquisition of the four logistic parks was fully paid in 2022. CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2023 ANNUAL REPORT 2023 163 Financials Framework Portfolio Performance Leadership Overview

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