NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Principal activity Principal place of business/ Country of incorporation Ownership interest 2023 2022 % % Direct/Indirect subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (2) M&C Crescent Interests, LLC Property owner USA 100 100 (2) M&C Hotel Interests, Inc. Hotel management services company USA 100 100 (2) M&C Hotels France SAS Hotel owner France 100 100 (2) M&C New York (Times Square) EAT II LLC Hotel owner USA 100 100 (2) M&C New York (Times Square), LLC Investment holding USA 100 100 (1) M&C REIT Management Limited REIT investment management services Singapore 100 100 (7) M&C Sakura TMK Property Owner Japan 100 - (7) Marquee Brisbane Hotel Trust Property Owner Australia 88 - (7) Marquee Brisbane Hotel 2 Trust Property Owner Australia 88 - (5) Millennium & Copthorne Hotels Management (Shanghai) Limited Provision of hotel management and consultancy services People’s Republic of China 100 100 (2) Millennium & Copthorne Hotels New Zealand Limited Hotel investment holding company New Zealand 76 76 (1) Millennium & Copthorne International Limited Hotels and resorts management Singapore 100 100 (2) Millennium CDG Paris SAS Hotel operator France 100 100 (2) Millennium Hotels Italy Holdings S.r.l Holding company Italy 100 100 (2) Millennium Hotels Palace Management S.r.l Hotel operator Italy 100 100 (2) Millennium Hotels Property S.r.l Hotel owner and operator Italy 100 100 (8) Millennium Hotels (West London) Limited Property letting United Kingdom 100 100 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2023 2022 % % Direct/Indirect subsidiaries of Millennium & Copthorne Hotels Limited (cont’d) (8) Millennium Hotels (West London) Management Limited Hotel operator United Kingdom 100 100 (2) Millennium Opera Paris SAS Hotel operator France 100 100 (2) PT. Millennium Sirih Jakarta Hotel Hotel owner Indonesia 100 100 (1) Republic Hotels & Resorts Limited Hotel operator and investment holding company Singapore 100 100 (1) Republic Iconic Hotel Pte. Ltd. Hotel operator Singapore 100 100 (2) RHH Operating LLC Hotel owner USA 100 100 (2) RHM Aurora LLC Hotel ownership USA 100 100 (2) RHM Management LLC Hotel ownership USA 100 100 (2) RHM Ranch LLC Hotel owner USA 100 100 (2) RHM-88, LLC Hotel owner and operator USA 100 100 (2) Sunnyvale Partners Ltd. Hotel ownership USA 100 100 (2) Trimark Hotel Corporation Hotel owner and operator USA 100 100 (2) WHB Biltmore LLC Hotel owner and operator USA 100 100 (1) Audited by KPMG LLP Singapore (2) Audited by other member firms of KPMG International (3) Audited by Shanghai Xiao Tian Cheng Certified Public Accountant Co., Ltd (4) Audited by Shenzhen Shuibo Certified Public Accountants (Special General Partnership) (5) Audited by Shanghai Certified Public Accountants (6) BDO LLP (7) Auditors are not appointed yet (8) Not subject to audit by law of country of incorporation (a) Relates to the ownership interest in the non-residential component of Sunbright Holdings Limited. Please refer to note (a) under note 44 of the financial statements. (b) Phuket Square Co., Ltd and Krungthep Rimnam Limited are considered subsidiaries of the Group as the Group is exposed to variable returns from the companies and has the ability to affect those returns through the management’s control over the relevant activities of the companies. 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) FINANCIALS FINANCIALS ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 265 264
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