CDL Hospitlity Trusts - Annual Report 2016

REPORTS

Principle 14: Rights of Stapled Securities Holders

Being committed to good corporate practices, the H-REIT Manager and the HBT Trustee-

Manager treat all Stapled Securities Holders fairly and equitably. To facilitate the exercise

of Stapled Securities Holders’ rights, the H-REIT Manager and the HBT Trustee-Manager

ensure that all material information relating to the Stapled Group and its financial

performance is disclosed in an accurate and timely manner via SGXNET.

All Stapled Securities Holders are entitled to attend and vote at general meetings in

person or by proxy. The rules including the voting procedures are set out in the notice

of general meetings. In accordance with the H-REIT Trust Deed and HBT Trust Deed,

as amended at the 2016 Annual General Meetings, Stapled Securities Holders who are

not relevant intermediaries may appoint not more than two proxies to attend, speak

and vote at general meetings in their absence, and Stapled Securities Holders who are

relevant intermediaries may appoint more than two proxies to attend, speak and vote at

general meetings.

The proxy forms must be deposited at such place or places specified in the notice

convening the general meetings not less than forty-eight (48) hours before the time set

for the general meetings.

Guideline 15.4

(a) Does the Company regularly

communicate with shareholders

and attend to their questions? How

often does the Company meet with

institutional and retail investors?

Please refer to the explanation

under “Principle 15: Communication

with Stapled Securities Holders.”

Guideline 15.4

(b) Is this done by a dedicated

investor relations team (or

equivalent)? If not, who performs this

role?

Yes, the H-REIT Manager and HBT

Trustee-Manager have management

teams who are responsible for

providing investor relations

support. Please refer to the

Management Team on page 39 of

the Annual Report 2016.

Principle 15: Communication with Stapled Securities Holders

The H-REIT Manager and the HBT Trustee-Manager ensure that Stapled Securities Holders

are notified of all material information in an accurate and timely manner. The H-REIT

Manager and the HBT Trustee-Manager notify their investors in advance of the date of

release of the financial results of the H-REIT Group, the HBT Group and the Stapled

Group via SGXNET. The quarterly and full year financial results of the H-REIT Group,

the HBT Group and the Stapled Group are announced within the mandatory period.

The financial statements of the H-REIT Group, the HBT Group and the Stapled Group

and other presentation materials presented at general meetings, including material and

price-sensitive information, are disseminated and publicly released via SGXNET on a

timely basis.

All Stapled Securities Holders receive the annual report of CDLHT and the Notice of

general meetings of Stapled Securities Holders, which notice is also advertised in the

press and released via SGXNET. Stapled Securities Holders and investors can access

information on CDLHT at its website at

www.cdlht.com

which provides,

inter alia

corporate announcements, press releases and the latest financial results as disclosed by

CDLHT on SGXNET.

Guideline 15.4

keep shareholders informed of

corporate developments, apart

from SGXNET announcements

and the annual report?

Please refer to the explanation

under “Principle 15:

Communication with Stapled

Securities Holders.”

From time to time, the Management of the H-REIT Manager and the HBT Trustee-Manager

hold briefings with analysts and the media to coincide with the release of CDLHT’s

quarterly and full year financial results. Media presentation slides are also released on

SGXNET and made available on the CDLHT’s website. In addition, the Management takes

an active role in investor relations, meeting local and foreign fund managers regularly as

well as participating in roadshows and conferences both locally and overseas.

H-REIT’s current distribution policy is to distribute at least 90.0% of its taxable income

and its tax exempt income (if any), with the actual level of distribution to be determined

at the H-REIT Manager’s discretion. H-REIT makes distributions to unitholders on a semi-

annual basis, with the amount calculated as at 30 June and 31 December each year for

the six-month period ending on each of the said dates. Distributions, when paid, will be

in Singapore Dollars. As for HBT’s distribution policy, the determination to distribute and

the quantum of distributions will be made by the HBT Trustee-Manager Board at its sole

discretion.

CORPORATE GOVERNANCE

Annual Report 2016