119 ANNUAL REPORT 2025 Corporate Governance The table below summaries the assessment conducted: Name of Director (i) had been independent from the management of the Manager and UHREIT during FY2025 (ii) had been independent from any business relationship with the Manager and UHREIT during FY2025 (iii) had been independent from every substantial shareholder of the Manager and every substantial Unitholder of UHREIT during FY2025 (iv) had not been a substantial shareholder of the Manager or a substantial Unitholder of UHREIT during FY2025 (v) has not served as a director of the Manager for a continuous period of 9 years or longer as at the last day of FY2025 Mr Tan Tong Hai ✓ ✓ ✓ ✓ ✓ Mr James E. Hanson II(1) ✓ ✓ Mr David Tuvia Goss(2) ✓ ✓ ✓ ✓ Mr Wee Teng Wen(3) ✓ ✓ ✓ ✓ Mr Chua Teck Huat Bill ✓ ✓ ✓ ✓ ✓ Ms Jaelle Ang Ker Tjia ✓ ✓ ✓ ✓ ✓ (1) Mr James E. Hanson II is the President and CEO of The Hampshire Sponsor, which is one of the sponsors of, and the U.S. asset manager for, UHREIT, and the property manager for 14 of the 22 properties in UHREIT. Mr Hanson is also a substantial shareholder of the Manager through his indirect interest of 41.70% in the Hampshire Sponsor. The Manager is jointly owned by the UOB Sponsor and Hampshire U.S. Holdco LLC, a subsidiary of the Hampshire Sponsor. Pursuant to the SFLCB Regulations, during FY2025, Mr Hanson is deemed not to be (i) independent from a business relationship with the Manager and UHREIT by virtue of the payments made by UHREIT to the Hampshire Sponsor; and (ii) independent from every substantial shareholder of the Manager and substantial Unitholder of UHREIT by virtue of his indirect interest of 41.70% in the Hampshire Sponsor. Nonetheless, the Board is satisfied that, as at 31 December 2025, Mr Hanson was able to act in the best interests of all Unitholders of UHREIT as a whole. (2) Mr David Tuvia Goss is the co-founder and Managing Director of UOB Sponsor, which is one of the sponsors of UHREIT. Pursuant to the SFLCB Regulations, during FY2025, Mr Goss is deemed not to be independent from every substantial shareholder of the Manager by virtue of his positions in the UOB Sponsor. Nonetheless, the Board is satisfied that, as at 31 December 2025, Mr Goss was able to act in the best interests of all Unitholders of UHREIT as a whole. (3) Mr Wee Teng Wen is the son of the Deputy Chairman and Chief Executive Officer of United Overseas Bank Limited. United Overseas Bank Limited holds a 70.0% interest in the UOB Sponsor. Pursuant to the SFLCB Regulations, during FY2025, Mr Wee is deemed not to be independent from every substantial shareholder of the Manager by virtue of his relation to the Deputy Chairman and Chief Executive Officer of United Overseas Bank Limited which holds a 70.0% interest in the UOB Sponsor. Nonetheless, the Board is satisfied that, as at 31 December 2025, Mr Wee was able to act in the best interests of all Unitholders of UHREIT as a whole. (4) For the purposes of Regulation 13E(b)(ii) of the SFLCB Regulations, as at 31 December 2025, each of the abovementioned Directors was able to act in the best interests of all the Unitholders as a whole.
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