Tang Organization Becomes The New Sponsor Of Suntec REIT

PRESS RELEASE

• Acrophyte AM, a wholly-owned subsidiary of Tang Organization, has completed the acquisition of 100% equity interest in the Manager of Suntec REIT
• Tang Organization, an established real estate operator and investor, replaces ESR Group Limited as the Sponsor of Suntec REIT
• The Sponsor will work with the Manager to strengthen portfolio performance and enhance capital efficiency, with the aim of asset optimisation to support higher distributions and maximize return for all unitholders

Singapore, 17 March 2026 - Acrophyte Asset Management Pte. Ltd. ("Acrophyte AM") has today completed the acquisition (the "Acquisition") of a 100% stake in ESR Trust Management (Suntec) Limited (the "Manager"), the manager of Suntec Real Estate Investment Trust ("Suntec REIT").

Acrophyte AM is a wholly-owned subsidiary of Tang Organization Pte. Ltd. ("Tang Organization", or the "Sponsor"), an entity controlled by Mr Gordon Tang and Mrs Celine Tang. Through the Acquisition, Tang Organization will step in as the new sponsor of Suntec REIT.

The Tang Family1 collectively owns approximately 36%2 of the total issued units in Suntec REIT. As the largest unitholder group, the Tang Family's interests are closely aligned with the interests of the other unitholders, underscoring the shared objective of maximizing return for all unitholders of Suntec REIT.

Following completion of the Acquisition, the Sponsor will work closely with the Manager to undertake a comprehensive strategic review of the REIT's portfolio, with the aim of strengthening portfolio performance and enhancing capital efficiency. With a disciplined approach to asset optimisation and recycling, the Sponsor intends, subject to prevailing market conditions, to pursue strategic initiatives that the Sponsor believes will have the potential to support a higher level of distributions in the coming years, while taking into account Suntec REIT's capital management requirements and long-term sustainability.

Tang Organization's CEO, Mr Tang Jialin, commented, "We're excited to step in as the new sponsor of Suntec REIT. With our proven track record across real estate development and investment, we see strong potential to unlock more value across the portfolio. As major unitholders of Suntec REIT, our

‌1 Includes Mr Gordon Tang, Mrs Celine Tang, their children and other members of their family.

‌2 Includes the direct and deemed interests of Mr Gordon Tang, Mrs Celine Tang, their children and other Tang Family members. The deemed interest of Mr Gordon Tang and Mrs Celine Tang includes their deemed interest in the units held by the Manager.

interests are fully aligned with the interests of all unitholders, and we're committed to driving sustainable

long-term growth for all unitholders."

Suntec REIT's CEO, Mr Chong Kee Hiong, commented, "We are thrilled to embark on this new era of value creation with Tang Organization as Suntec REIT's new sponsor. We are pleased that the Tang Family shares our confidence in the strong value proposition and growth potential of Suntec REIT. We look forward to leveraging on the collective experience and operational capabilities of Tang Organization and its affiliates to further strengthen Suntec REIT's position as one of the leading real estate investment trusts in Singapore."

Tang Organization is a diversified multinational conglomerate with integrated capabilities across the real estate value chain. The Sponsor group3 has a successful track record of operating and investing in real estate assets across multiple geographies. A testament to the Sponsor group's exceptional execution capabilities is the redevelopment of 9 Penang Road, marking the Sponsor group's inaugural venture into commercial property redevelopment in Singapore. This eight-story commercial development is strategically situated in the prime commercial and retail hub of Orchard Road and Dhoby Ghaut. Following the completion of development works, UBS Singapore was secured as the sole anchor office tenant.

Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the financial advisors to Acrophyte AM in respect of the Acquisition.

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

All statements other than statements of historical facts included in this presentation are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "strategy", "forecast" and similar expressions or future or conditional verbs such as "will", "would", "should", "could", "may" and "might". Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of occupancy or property rental income, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in amounts and on terms necessary to support future business.

You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Sponsor's current view of future events, and the Sponsor has no obligation to update publicly or revise any forward-looking statements, or financial information contained in this presentation to reflect any change in the Sponsor's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the SGX-ST and/or any other regulatory or supervisory body or agency.

‌3 Includes the Sponsor, its related corporations, and entities controlled by Mr Gordon Tang and Mrs Celine Tang.