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09

EC World Real Estate Investment Trust ANNUAL REPORT 2016

The Manager will continue to look out for yield accretive

assets in China and other regional markets to take

advantage of the strong GDP growth in China and

demand by the growing middle class. Management will

also continue to focus on improving the tenancies in

existing assets through asset enhancement initiatives and

optimising tenancy mix.

ACKNOWLEDGEMENT

We wish to express our appreciation to our tenants and

business partners for their loyal support, and gratitude

to our Unitholders for the faith and confidence in us

as the Manager for ECW. Last but not least, we like to

acknowledge the outstanding contribution from our staff.

On behalf of the Board and the management of EC World

Asset Management Pte. Ltd., we look forward to working

together with you to embark on the transformation

journey of the Trust and achieve new milestones in 2017

and beyond.

Zhang Guobiao

Chairman of the Board & Non-Executive Director

High on-line spending growth will

continue to support the expectation

of double digit sales growth for the

coming years, providing the basis for

continuing strong demand for our

portfolio. The growth in economic

activities is expected to provide

ECW with a tremendous platform

from which to further enhance

growth and returns to unitholders

and we look forward to benefit

from these opportunities.

High on-line spending growth will continue to support the

expectation of double digit sales growth for the coming

years, providing the basis for continuing strong demand

for our portfolio. The growth in economic activities is

expected to provide ECW with a tremendous platform

from which to further enhance growth and returns to

unitholders and we look forward to benefit from these

opportunities.