CapitaLand Malaysia Mall Trust | Annual Report 2020

176 CAPITALAND MALAYSIA MALL TRUST • ANNUAL REPORT 2020 CapitaLand Malaysia Mall REIT Management Sdn. Bhd., the Manager for CapitaLand Malaysia Mall Trust (CMMT or the Trust), has pleasure in presenting its report together with the audited financial statements of the Group and of the Trust for the financial year ended 31 December 2020. CMMT is a Malaysia domiciled real estate investment trust (REIT) constituted by a deed dated 7 June 2010 (which was amended and restated on 28 October 2020) (the Deed) entered into between CapitaLand Malaysia Mall REIT Management Sdn. Bhd. (the Manager) and MTrustee Berhad (the REIT Trustee). The Deed was registered with Securities Commission Malaysia (SC) on 25 November 2020. CMMT is regulated by the SC’s Guidelines on Listed Real Estate Investment Trusts (REITs Guidelines), the Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities) and other relevant laws and regulations. The principal activity of CMMT is to invest, on a long term basis, in a portfolio of income-producing real estate primarily used for retail purposes and located primarily in Malaysia or such other non-real estate investments as may be permitted under the Deed, the REITs Guidelines or by the SC, with a view of providing unitholders with long term and sustainable distribution of income and potential capital growth. The Manager is of the view that it has achieved the investment objective for the financial year ended 31 December 2020. There was no change in the strategies and policies employed during the financial year. Directors The Directors of the Manager who have held office during the financial year until the date of this report are as follows: David Wong Chin Huat Lim Cho Pin Andrew Geoffrey Low Peck Chen Tan Boon Peng Tuan Haji Rosli bin Abdullah Jonathan Yap Neng Tong (appointed on 6 July 2020) Lui Chong Chee (appointed on 1 October 2020) Mohd Yusof bin Hussian (appointed on 1 October 2020) Ronald Tay Boon Hwee (resigned on 6 July 2020) Dato’ Mohammed bin Haji Che Hussein (resigned on 1 October 2020) Ng Chih Kaye (resigned on 1 October 2020) Directors’ benefits Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Manager was a party, whereby the Directors of the Manager might acquire benefits by means of the acquisition of units in or debentures of CMMT. Since the end of the previous financial year, no Director of the Manager has received or become entitled to receive any benefit (other than a benefit included in the aggregated amount of remuneration received or due and receivable by the directors), by reason of a contract made by the Manager or a related corporation with any Director of the Manager or with a firm of which the Director of the Manager is a member of, or with a company in which the Director of the Manager has substantial financial interest. MANAGER’S REPORT