WAREES INVESTMENTS PTE LTD

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1 ABOUT Established in 2002, Warees Investments Pte Ltd is a wholly owned subsidiary of Majlis Ugama Islam Singapura (MUIS), or the Islamic Religious Council of Singapore, a statutory board under MCCY. Warees is the acronym for WAkaf REal EState. Waris, as pronounced in Malay means heritage and beneficiary, both of which are closely related to the management of trust properties. The logo is an expression of the letter W and symbolises both a fountain and a tree. The fountain with its inflow and outflow of water reflects a sense of giving and receiving, while the tree represents growth, strength, shelter and nature. The rectangular box symbolises a solid and firm foundation. One of our core capabilities is in managing endowment portfolios and institutional assets worth over half a billion Singapore dollars for community interest. Driven by a dedicated team of professionals, our main focus is to revitalise real estate trusts, henceforth unlocking their value, and provide effective interface for enterprises and endowment growth. We spearhead sustainable enhancement initiatives, asset optimisation programmes steered by social responsibility and passion for excellence. We unlock value, advocate heritage and add vibrancy to Singapore urban landscape. We firmly believe that being culturally conscious and understanding the value of tradition and diversity, and being mindful of the urban environment and history of each trust, lay the foundation of an innovative property development. WAREES CORE CAPABILITIES Endowment Portfolio Management Asset Regeneration & Enhancement Socially Responsible Investments Portfolio Research & Capacity Building Sustainable Asset Management Today Warees is not only an endowment or wakaf portfolio management company, but we also manage community real estate. Our strength also lies in asset regeneration and enhancement through our Wakaf Revitalisation Scheme (WRS). Under this scheme, we unlock the potential value of our assets, for example innovating real estate investment as a product in the form of revitalising the famous Katong landmark The Red House. We have also initiated a new financing instrument 3I - the Institutional Investments Initiative an asset creation and wakaf enhancement blueprint realising all WRS projects. Through our collective effort, we help to preserve community heritage, create wealth for institutions and at the same time sustain our assets for future generation.

2 SUBSIDIARIES The primary subsidiaries of Warees Investments Pte Ltd are Warees Halal Limited, Wareesan Management Pte Ltd and Warees Land Pte Ltd. Our secondary subsidiaries WRH Pte Ltd, WHA Heritage Pte Ltd, are all entities within the Warees Group. Wareesan Management Pte Ltd Wareesan Management Pte Ltd is a subsidiary of Warees Investments Pte Ltd, where its business core is in the provision of exhumation and re-interment management for the community. The primary objective is to manage land optimisation for MUIS and NEA. Warees Halal Limited Warees Halal Limited is part of Warees Group, a MUIS CLG. Warees Halal s core business encompass 3 key areas in Product and Certification Audit & Inspection, International Certification & Advisory Services and Inductry Capability Programmes incorporating customised corporate training. We are the only company with competency in Singapore Halal Quality Mark (HalMQ) system, Singapore International Halal Certification and Halal Foundation Programme.

3 VISION, MISSION Vision We want to preserve legacies and equity, defined by our vision: Sustainable Assets, Nurturing Generations Sustainable Assets We apply our expertise and strategic capabilities to develop and manage assets through responsible investment and unlock value for equitable returns. Nurturing Generations We work closely with our stakeholders, define clear investment and shape initiatives by growing the potential of heritage. Mission We develop professionals and manage strategic asset resources productively. Thus, improving the lives of beneficiaries and preserving legacies for future generations.

4 VALUES, PROMISE Values At Warees, values are meant to be lived. They permeate every interaction within our team, our stakeholders, and beneficiaries. Warmth We are passionate and warm about delivering exceptional experiences with people and organisations. Accountability We make careful business decisions which create results through collective responsibility and help stakeholders to invest their trust in us. Reliability We prove reliability by delivering on promises as we serve the community across society with integrity and respect. Enterprise We constantly innovate and approach challenges with initiative and adaptability to lead the development in this niche industry, thus pushing ourselves to create sustainable benefits and add value to our beneficiaries and stakeholders. Excellence We work tirelessly and strive to excel delivering tangible results that constantly benefit our clients and the community including future generations. Social Responsibility We re deeply aware of our responsibility to the community and the lives we touch in scaling up endowment real estate. More than just a part of our work, social responsibility is the heart of what we do. Promise Warees Promise is an active, ongoing belief system that continues to add value to all our actions and interactions. We strive to live up to the ideals and ideas of Warees, as we take the company and our community forward. At Warees, social responsibility is our core business. At Warees, we effectively utilise resources to create sustainable benefits. At Warees, we enhance productivity and add value to assets. At Warees, a relentless pursuit of quality and service drives us. At Warees, innovation breeds excellence. And at Warees, all this creates a difference to those that matters. This is the Warees Promise.

5 THE COMMUNITY & WAREES SUSTAINABILITY FRAMEWORK The Community As part of Warees sincere belief in corporate philanthropy and championing social cause for the community, to date Warees Group has disbursed over S$4.3 million benefitting over 60 beneficiaries which include Malay/Muslim organisations, mosques and madrasahs in Singapore. Our Key Beneficiaries Wakaf Trusts Mosques in Singapore Madrasahs in Singapore Rahmatan Lil Alamin Foundation Yayasan MENDAKI Lembaga Biasiswa Kenangan Maulud (LBKM) Persatuan Persuratan Pemuda Pemudi Melayu (4PM) Warees Sustainability Framework To consolidate and guide our sustainability initiatives within the company, we implement a strategic framework to develop products and processes that minimise impact to the environment and ensure that our operations and deliveries meet the standards in the following five areas of cultural conservation, heritage preservation, environmental protection, impactful investment and community-centric. Community Centric Engaging the Community and putting their interests first. Environmental Protection Modest carbon footprint with a focus on reduction of resource use, and obtaining Green Mark Certifications. Heritage Preservation Newly enhanced endowment assets reflect strong heritage, value and outcomes. Impact Investing Financially viable projects for equitable return on assets and create value-add to the community. Cultural Conservation Infusion of Islamic ethos and cultural initiatives in all asset development.

6 ASSETS Warees assets under management are categorised under two categories, Endowment Assets and Institutional Assets. Out of a total of 155 properties/assets with a value worth more than half a billion dollars, Warees manages 65 Muis-managed wakaf spread across Singapore. 65 Muis-managed Wakaf 33 Trustee-managed Wakaf