CapitaLand China Trust (CLCT) announced HSBC Institutional Trust Services (Singapore) Limited, on January 10, 2022 entered into facility agreement,
which contains prepayment event, if CLCT ceases to be managed by the CapitaLand China Trust Management Limited (Manager) or a wholly owned subsidiary of CapitaLand Investment Limited or any other entity as may be agreed between the lender and the borrower. If prepayment event occurs and the borrower fails to pay the outstanding amounts due and payable under the facility agreement in accordance therewith, it may trigger cross defaults under other facilities, debt issues and borrowings of CLCT and/or its subsidiaries. The aggregate level of borrowings which are outstanding and that may be affected is approximately $1.6 billion (excluding interest) as at January 10, 2022. At the date of this announcement, the prepayment event has not occurred.