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Notes to the Consolidated Financial Statements31 December 2024ESR Group Limited Annual Report 2024131STRATEGIC REPORTSCORPORATE GOVERNANCEFINANCIAL STATEMENTS1.CORPORATE INFORMATIONESR Group Limited (the %u201cCompany%u201d) was incorporated and registered as an exempted company with limited liability in the Cayman Islands under the Cayman Companies Law on 14 June 2011. The registered office of the Company is Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. The address of head office and principal place of business is at 5 Temasek Boulevard, #12-01, Suntec Tower Five, Singapore 038985.The Group is a New Economy real estate owner and manager, with a core focus in logistics real estate, data centres and infrastructure. The Group%u2019s fully integrated fund management and development platform extends across key Asia Pacific markets, comprising Australia and New Zealand, Japan, South Korea, Greater China, Southeast Asia and India, with a presence in Europe.Information about subsidiariesAs at 31 December 2024, the Company had direct and indirect interests in its principal subsidiaries, the particulars of which are set out beloNamePlace of incorporation/principal country ofoperation/office anddate of incorporationIssued ordinary/registered sharecapitalPercentage of equity attributable to the CompanyPrincipal activitiesDirectIndirectShanghai e-Shang Warehousing Services Co., Ltd.China 8 July 2011RMB109,090,909%u2013100%Investment andmanagementLangfang Weidu International Logistics Co., Ltd.China 15 March 2011US$24,000,000%u2013100%WarehousingbusinessESR Kendall Square, Inc.South Korea 12 December 2014KRW34,000,000,000%u2013100%Investment andmanagementRedwood Asian Investments Ltd. (%u201cRAIL%u201d)Cayman Islands 5 August 2013US$100100%%u2013Investment holdingESR Singapore Pte. Ltd.Singapore 27November2007US$1100%%u2013Investment andmanagementESR LtdJapan 8 May 2006JPY466,970,000%u2013100%Investment andmanagementSunwood Singapore Holding Pte. Ltd.Singapore 24 December 2014US$253,871,307%u201395%Investment andmanagementESR Pte. Ltd.Singapore 26May2017A$308,885,20795.5%%u2013Investment holdinge-Shang Infinity Cayman LimitedCayman Islands 30 September 2015US$35,243,934%u2013100%Investment holdingESR-REIT Management (S) Limited (formerly known as ESR-LOGOS Funds Management (S) Limited)Singapore 14 September 2005S$64,714,500%u201399.0%Investment andmanagementESR Property Services Pte. Ltd. (formerly known as ESR-LOGOS Property Management (S) Pte. Ltd.)Singapore 4 November 2005S$250,000%u2013100%Investment andmanagementShanghai Yurun Meat Food Co., Ltd.China 3 June 2010RMB687,142,857%u201370%WarehousingbusinessSummit (BVI) LimitedBVI 24 February 2012US$1100%%u2013Investment andmanagementKendall Square Asset Management, Inc.South Korea 1 September 2016KRW2,500,000,000%u2013100%Investment andmanagement