Corporate Governance the whistle-blower’s identity will be kept confidential. The Manager is committed to ensuring protection of the whistleblower against detrimental or unfair treatment. The ARC is responsible for oversight and monitoring of whistle-blowing, and reviews all whistle-blowing complaints made in good faith at its scheduled meetings. Independent, thorough investigation and appropriate follow up actions are taken. The outcome of each investigation is reported to the ARC. The whistle-blowing policy is publicly disclosed on the Website and made available to all employees on CLI Group’s intranet. Business Continuity Management The Manager has established a Business Continuity Management System (BCMS) and is committed to maintaining resilience in our business operations and minimising the impact of potential disruptions on our employees, stakeholders and businesses. The BCMS aims to protect our key stakeholders, data, assets and business activities by embedding business continuity practices in our operations. It outlines clear governance structures, roles and responsibilities, and fostering a resilient culture through training and awareness programs. Business continuity plans, such as Crisis Management Plan and IT Disaster Recovery Plan, are in place to respond and recover from crises. Regular exercises and continuous improvement reviews are carried out to maintain BCMS’ effectiveness and relevance. Anti-Money Laundering and Countering the Financing of Terrorism Measures As a holder of a Capital Markets Services Licence (CMSL) issued by MAS, the Manager abides by the MAS’ guidelines on the prevention of money laundering and countering the financing of terrorism. Under these guidelines, the main obligations of the Manager are evaluation of risk, customer due diligence, suspicious transaction reporting, record keeping, employee and CMSL Representative screening and training. The Manager has a policy on the prevention of money laundering and terrorism financing which includes enhanced due diligence checks on counterparties where there suspicions of money laundering or terrorism financing arise and reporting of suspicious transactions to the Commercial Affairs Department (Suspicious Transaction Reporting Office). Under this policy, all relevant records or documents relating to business relations with the CLCT Group’s customers or transactions entered into must be retained for a period of at least 5 years following the termination of such business relations or the completion of such transactions. All prospective employees, officers and CMSL Representatives of the Manager are also screened against various money laundering and terrorism financing information sources and lists of designated entities and individuals provided by MAS. Periodic training is provided to its Directors, employees and CMSL Representatives to ensure that they are updated on applicable regulations prevailing techniques and trends and the Manager’s measures to combat money laundering and terrorism financing. Global Sanctions Compliance The Manager has a policy to comply with the applicable sanctions laws and regulations of Singapore and the United Nations. The policy sets out the sanctions risk appetite and the risk management framework to help Directors, employees and third parties identify areas where breaches of applicable sanctions laws may arise and support them in making the right decisions in line with the corporate position, establishing a consistent approach for the Manager’s response to sanctions laws and regulations. ATTENDANCE RECORD OF MEETINGS OF UNITHOLDERS, BOARD AND BOARD COMMITTEES IN FY 2024i Boardii Audit and Risk Committee Nominating and Remuneration Committee Executive Committee AGM No. of Meetings Held 5 4 2 2 1 Board Members Soh Kim Sooniii 100% N.A. 100% N.A. 100% Tan Tee How 100% N.A. 100% N.A. 100% Tan Tze Wooi 100% N.A. N.A. 100% 100% Neo Poh Kiat 100% 100% 100% N.A. 100% Ong Seow Eng 100% 100% N.A. N.A. 100% Tay Hwee Pio 100% 100% N.A. N.A. 100% Wan Mei Kit 100% 100% N.A. N.A. 100% Quah Ley Hoon 100% N.A. 100% 100% 100% Puah Tze Shyang 100% N.A. N.A. 100% 100% N.A.: Not Applicable. i All Directors are required to attend Board and/or Board Committee meetings called, in person or via audio or video conference, unless required to recuse. Attendance is marked against the Board and Board Committee meetings, AGM each Director is required to attend, and the percentage computed accordingly. ii Includes one Board Strategy Meeting. iii Mr Soh Kim Soon retired as Non-Executive Independent Director with effect from 23 April 2024 and relinquished his roles as Chairman of the Board and Chairman of the NRC on the same day. 74 CapitaLand China Trust
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