NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixtieth Annual General Meeting (the “Meeting”) of City Developments Limited (the “Company”) will be convened and held at Ballroom 1, Orchard Hotel Singapore, 442 Orchard Road, Singapore 238879 and by way of electronic means on Wednesday, 26 April 2023 at 11.00 a.m. for the following purposes: (A) ORDINARY BUSINESS 1. To receive the Directors’ Statement and Audited Financial Statements for the year ended 31 December (“FY”) 2022 and the Auditors’ Report thereon. 2. To declare a final one-tier tax-exempt ordinary dividend of $0.08 per ordinary share (“Final Ordinary Dividend”) and a special final one-tier tax-exempt ordinary dividend of $0.08 per ordinary share (“Special Final Ordinary Dividend”) for FY 2022. 3. To approve Directors’ Fees of $1,512,000 for FY 2022 (FY 2021: $1,504,049). 4. To approve Directors’ Fees of up to $2,000,000 for the financial year ending 31 December 2023. 5. To re-elect the following Directors, who are retiring in accordance with Clause 83(a) of the Constitution of the Company and who, being eligible, offer themselves for re-election: (a) Mr Philip Yeo Liat Kok (b) Mr Chong Yoon Chou (c) Mr Daniel Marie Ghislain Desbaillets Detailed information on the Directors who are proposed to be re-elected can be found under the sections on “Board of Directors” and “Additional Information on Directors Seeking Election/Re-election at the 60th Annual General Meeting” of Annual Report 2022. 6. To elect Mr Tan Kian Seng, who is retiring in accordance with Clause 76 of the Constitution of the Company and who, being eligible, offers himself for election. Detailed information on Mr Tan Kian Seng can be found under the sections on “Board of Directors” and “Additional Information on Directors Seeking Election/Re-election at the 60th Annual General Meeting” of Annual Report 2022. 7. To re-appoint KPMG LLP as Auditors of the Company and to authorise the Directors to fix their remuneration. (B) SPECIAL BUSINESS To consider and, if thought fit, to pass, with or without any modifications, the following resolutions which will be proposed as Ordinary Resolutions: 8. That authority be and is hereby given to the Directors to: (a) (i) issue ordinary shares of the Company whether by way of rights, bonus or otherwise; and/or (ii) make or grant offers, agreements or options (collectively, “Instruments”) that might or would require ordinary shares to be issued, including but not limited to the creation and issue of (as well as adjustments to) warrants, debentures or other instruments convertible into ordinary shares, at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may, in their absolute discretion, deem fit; and 140.00 120.00 100.00 80.00 60.00 40.00 20.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 2022 STI CDL Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 2022 16.00 18.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 6.66 7.67 7.53 7.31 7.79 8.49 8.68 8.36 Share price ($) 9.96 9.58 7.70 7.03 6.68 7.97 8.01 8.04 8.31 10.15 10.64 11.41 12.25 10.83 8.59 7.84 7.94 8.22 9.04 9.57 6.23 6.71 7.61 6.20 7.12 7.20 6.61 6.58 10.53 10.83 9.97 8.40 8.22 9.06 9.23 9.15 10.61 10.95 12.06 13.00 13.52 13.20 11.21 9.08 9.54 8.54 9.90 11.01 11.42 9.26 8.92 8.10 7.98 8.28 7.25 7.47 8-YEAR SHARE PRICE PERFORMANCE 8-YEAR SHARE PRICE HIGH-LOW BY QUARTER SHARE TRANSACTION STATISTICS YEAR ENDED 31 DECEMBER 2022 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 276 277 OTHER INFORMATION
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