SUBSCRIPTION OF CLCT UNITS An aggregate of 16,010,485 Units were issued during the year as part payment of the base and performance component of the Manager’s management fee for the financial year 2023. As at 31 December 2024, 1,739,979,570 Units were in issue and outstanding. 19,612,2401 Units will be issued to the Manager as part payment of the base and performance component of its management fee for the financial year 2024. ADDITIONAL DISCLOSURE FOR OPERATING EXPENSES According to disclosure requirements under paragraph 11.1 item (l) of the Appendix 6 to Code on Collective Investment Scheme, the total operating expenses incurred by CLCT Group in FY 2024 was S$135.7 million. The amount included all fees and charges paid to the Manager and interested parties. This translates to 5.9% of the CLCT Group’s net asset value as at 31 December 2024. 1 Based on the volume weighted average price per Unit for all trades on the SGX-ST in the ordinary course of trading for the period of 10 business days immediately preceding the financial year ended 31 December 2024. 163 Annual Report 2024
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