ESR Group Limited Annual Report 2023 53 Corporate Structure 95.1%6 ESR-LOGOS Property Management (S) Pte. Ltd. (Singapore) 94.2%2,6 ESR-LOGOS Funds Management (S) Limited (Singapore) Kendall Square Asset Management, Inc. (South Korea) 100% Direct ownership Indirect ownership * As at 31 December 2023 Shanghai Yurun Meat ESR Co-Invest Trust (Australia) 99.7%4 ESR Asset Management (Holdings) Limited (Australia) 99.7%4 ESR Ltd (Japan) 100% ESR Kendall Square Inc. (South Korea) 100% ESR Sachiura 3 TMK (Japan) 100% ESR Sachiura 4 TMK (Japan) (Singapore) (Singapore) (Cayman Islands) (Hong Kong) (BVI) 100% Food Co., Ltd (China) 70%5 100% e-Shang Infinity Cayman Limited (Cayman Islands) ESR Pte. Ltd. (Singapore) 95.5%1 ESR Singapore Pte. Ltd. (Singapore) 100% Summit (BVI) Limited (BVI) 100% Sunwood Singapore Holding Pte. Ltd. (Singapore) 95%3 Redwood Asian Investments Ltd (Cayman Islands) 100% Shanghai e-Shang Warehousing Services Co., Ltd. (China) 100% 100% Shanghai Yiyuan Equity Investment Fund Partnership Enterprise (Limited Partnership) (China) Jiangsu Friend Warehousing Co., Ltd. (China) (Bermuda) 100% ESR HK Management Limited (Cayman Islands) 100% ARA Asset Management Limited 100% ARA Trust Management (Suntec) Limited 100% ARA Real Estate Investors XXI Pte Ltd 100% ARA Real Estate Investors 28 Limited 100% ARA Real Estate Investors 30 Limited 100% LOGOS Property Group Limited 86.4%7 Founders and Directors Warburg Pincus & Co. 23.23% 13.82% 10.66% 52.29% OMERS Administration Corporation Other Public Shareholders 100% Daisy Offshore Holdings (BVI) limited (BVI) Notes: 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-LOGOS Funds Management (S) Limited is held by Shanghai Summit Pte Ltd, an independent third party to the Group. For the remaining 4.8% equity interest in ESR-LOGOS Funds Management (S) Limited, refer to note 6 for detail. 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. ESR Co-Invest Trust and ESR Asset Management (Holdings) Limited are held through ESR Australia Holding Company Pte. Ltd. of which the Group holds 99.732% interest through ESR Pte. Ltd.. The remaining 0.268% equity interest in ESR Co-Invest Trust and ESR Asset Management (Holdings) Limited are held by Skunsh Pty Ltd, as trustee for the McKenna Investment Trust. 5. 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. 6. The remaining 4.9% equity interest in ESR-LOGOS Property Management (S) Pte. Ltd. and 4.8% equity interest in ESR-LOGOS Funds Management (S) Limited are held by the minority shareholder of LOGOS Property Group Limited. Detail of the minority shareholder is disclosed in Note 7. 7. The remaining 13.6% equity interest in LOGOS Property Group Limited is ultimately held by Mr John Marsh as to 6.15%, by Mr Trent Iliffe as to 6.15%, and by Mr Stephen Hawkins as to 1.31%, all of them are the founders of LOGOS Property Group Limited. STRATEGIC REPORTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy MTIwODcxMw==