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52ADVANCING AHEADCorporate StructureNotes:1.The remaining 4.5% equity interest in ESR Pte. Ltd. is held by Rosewood (Cayman) Holdings, the ultimate beneficial owner of which is a director of certain subsidiaries of the Group.2.1% equity interest in ESR-REIT Management (S) Limited (formerly known as ESR-LOGOS Funds Management (S) Limited) is held by Shanghai Summit Pte. Ltd., an independent third party to the Group. 3.The remaining 5% equity interest in Sunwood Singapore Holding Pte. Ltd. is held by Mr Thomas Nam as to 3%, CEO of ESR Korea, and by Mr Jihun Kang as to 2.0%, CIO of ESR Korea.4.The remaining 30% equity interest in Shanghai Yurun Meat Food Co., Ltd. is held by Jiaxing Yishang Equity Investment Partnership (Limited Partnership), which is controlled by a fund managed by ESR.Founders andDirectorsWarburgPincus & Co.12.86%13.93%10.75%10.57%OMERSAdministrationCorporationBarry StuartSternlichtSSW CEIGP, LLCKhengLian Tan5.02%5.01%5.00%36.85%StichtingPensioenfondsABPOther PublicShareholders100%99%2100%e-Shang Infinity Cayman Limited(Cayman Islands)ESR Pte. Ltd.(Singapore)95.5%1ESR Singapore Pte. Ltd.(Singapore)100%Summit (BVI) Limited(BVI)100%Sunwood Singapore HoldingPte. Ltd.(Singapore)95%3100%Shanghai Yiyuan Equity Investment Fund Partnership Enterprise (Limited Partnership)(China)Shanghai e-Shang WarehousingServices Co., Ltd.(China)100%Redwood Asian Investments Ltd(Cayman Islands)100%Suzhou Yixin Equity Investment Partnership (Limited Partnership)(China)100%ESR V Investor 5 Pte. Ltd.(Singapore)100%(Bermuda)ESR Asset Management Limited (formerly known as ARA Asset Management Limited)100%100%Daisy Offshore Holdings (BVI)Limited (BVI)ESR 31 TMK(Japan)100%ESR Sachiura 4 TMK(Japan)100%FShanghai Yurun Meat ood Co., Ltd(China)70%4(Singapore)ESR Trust Management (Suntec) Limited (formerly known as ARA Trust Management (Suntec) Limited 100%(Singapore)ESR Real Estate Investors XXI Pte. Ltd.(formerly known as ARA Real Estate Investors XXI Pte Ltd)100%(Cayman Islands)ESR Real Estate Investors 28 Limited (formerly known as ARA Real Estate Investors 28 Limited) 100%(Hong Kong)ESR Real Estate Investors 30 Limited (formerly known as ARA Real Estate Investors 30 Limited) 100%(BVI)100%LOGOS Property Group Limited Kendall Square AssetManagement, Inc.(South Korea)100%ESR Co-Invest Trust(Australia)100%ESR Asset Management(Holdings) Limited(Australia)100%ESR Ltd(Japan)100%ESRKendall Square Inc.(South Korea)100%* As at 31 December 2024ESR Property Services Pte. Ltd. (formerly known as ESR-LOGOS Property Management (S) Pte. Ltd.)(Singapore)ESR-REIT Management (S) Limited (formerly known as ESR-LOGOS Funds Management (S) Limited)(Singapore)Direct ownershipIndirect ownership100%Shanghai Yizhishang Enterprise Management Service Co., Ltd(China)