Class of Shares : Non-Redeemable Convertible Non-Cumulative Preference Shares (“Preference Shares”) No. of Preference Shares issued : 297,786,832 Voting Rights : E ntitled to attend, speak and vote at any class meeting of the Holders of Preference Shares. One vote for each Preference Share. N ot entitled to attend and vote at any General Meeting of the Company except as provided below: (a) If the Preference Dividend (or any part thereof) due and payable and accrued is in arrears and has remain unpaid for at least six months, such right to attend and vote shall continue until such Preference Dividend (or any part thereof) in arrears and unpaid has been paid in full; (b) If the resolution in question varies the rights attached to the Preference Shares; or (c) If the resolution in question is for the winding up of the Company. Range of Preference Shareholdings No. of Preference Shareholders % No. of Preference Shares % 1 – 99 28 1.24 1,151 0.00 100 – 1,000 836 37.15 646,659 0.22 1,001 – 10,000 1,001 44.49 4,085,403 1.37 10,001– 1,000,000 368 16.36 28,136,955 9.45 1,000,001 and above 17 0.76 264,916,664 88.96 2,250 100.00 297,786,832 100.00 MAJOR PREFERENCE SHAREHOLDERS LIST – TOP 20 AS AT 29 FEBRUARY 2024 No. Name No. of Preference Shares Held %* 1 Raffles Nominees (Pte.) Limited 75,230,696 25.26 2 Mandai Properties Pte Ltd 58,437,804 19.62 3 Citibank Nominees Singapore Pte Ltd 36,384,836 12.22 4 Aster Land Development Pte Ltd 26,913,086 9.04 5 CGS-CIMB Securities (Singapore) Pte Ltd 25,206,464 8.47 6 Fairmount Development Pte Ltd 7,000,000 2.35 7 HSBC (Singapore) Nominees Pte Ltd 5,516,240 1.85 8 DBS Nominees Pte Ltd 4,579,624 1.54 9 Guan Hong Plantation Private Limited 4,500,000 1.51 10 Freddie Tan Poh Chye 3,737,000 1.25 11 Hong Leong Foundation 3,564,038 1.20 12 Chiam Toon Chew 3,008,000 1.01 13 Upnorth Development Pte. Ltd. 3,000,000 1.01 14 United Overseas Bank Nominees Pte Ltd 2,626,974 0.88 15 Interfab Private Limited 2,054,102 0.69 16 Chen Xianming Jeremy 2,010,000 0.67 17 Maybank Securities Pte Ltd 1,147,800 0.39 18 Sun Yuan Holdings Pte Ltd 972,000 0.33 19 Song Cheng Miang 900,000 0.30 20 Morph Investments Ltd 820,000 0.28 TOTAL 267,608,664 89.87 * The percentage of Preference Shares held is based on the total number of issued Preference Shares as at 29 February 2024. STATISTICS OF PREFERENCE SHAREHOLDINGS AS AT 29 FEBRUARY 2024 250.00 200.00 150.00 100.00 50.00 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 2016 2017 2018 2019 2020 2021 2022 2023 STI CDL 6.23 6.71 7.61 6.20 11.42 9.26 8.92 8.10 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 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 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 2016 2017 2018 2019 2020 2021 2022 2023 16.00 18.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 7.08 6.45 6.60 6.03 8.35 7.48 7.41 6.90 Share price ($) 7.12 7.20 6.61 6.58 6.66 7.67 7.53 7.31 7.98 8.28 7.25 7.47 7.79 8.49 8.68 8.36 8-YEAR SHARE PRICE PERFORMANCE 8-YEAR SHARE PRICE HIGH-LOW BY QUARTER SHARE TRANSACTION STATISTICS YEAR ENDED 31 DECEMBER 2023 ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 273 272 OTHER INFORMATION OTHER INFORMATION
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