Forging Ahead, Shaping The Future The cover design embodies our continuing drive to forge ahead with clarity, conviction and confidence in our strategies to grow our business. The dynamic interplay of circular nodes and diagonal beams conveys upward momentum achieved through embracing innovation and transformation. Set within a structured yet evolving grid, the design underscores adaptability and agility, reflecting our relentless quest to create superior value for our investors and contribute positively to the communities where we operate. At its core, the structured circular forms, with a focal red circle that proudly represents the red dot in CapitaLand’s logo, symbolises our Group’s foundation in Singapore. CapitaLand China Trust is well on our journey to making an impact in shaping a better future for all our stakeholders. Contents Overview About Us 1 Property Portfolio 2 2024 Highlights 4 Financial Highlights 5 ESG Highlights 6 Business Model 8 Chairman & CEO Message 10 Trust & Organisation Structure 15 Board of Directors 16 Management Team 21 Performance Financial Review 22 Capital Management 25 Operations Review 27 Investor Relations 34 Trading Performance 36 Portfolio Details 37 Governance Corporate Governance 53 Risk Management 76 Sustainability Management 81 Financial Statements Financial Statements 82 Other Information Additional Information 162 Statistics of Unitholdings 164 Portfolio Directory 167 Corporate Information IBC
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