EC World REIT - Annual Report 2016

119

EC World Real Estate Investment Trust ANNUAL REPORT 2016

INTERESTED PERSON (AS DEFINED IN THE LISTING MANUAL OF THE SGX-ST) AND INTERESTED PARTY

(AS DEFINED IN THE PROPERTY FUNDS APPENDIX) TRANSACTIONS (COLLECTIVELY “RELATED PARTY

TRANSACTIONS”)

The Related Party Transactions entered into during the financial year ended 31 December 2016, which fall under

the Listing Manual of Singapore Exchange Securities Trading Limited and the Property Funds Appendix (excluding

transactions less than S$100,000 each) are as follows:

Aggregate value of

all related party

transactions during the

financial year under

review (excluding

transactions less

than S$100,000 and

transactions conducted

under unitholders’

mandate pursuant

to Rule 920)

Aggregate value

of all related

party transactions

during the financial

year under review

conducted under

unitholders’ mandate

pursuant to

Rule 920 (excluding

transactions less than

S$100,000)

Name of interested person

S$’000

EC World Asset Management Pte. Ltd.

– Manager’s base fees

1,911

–

Forchn Holdings Group Co. Ltd. and its subsidiaries

– Rental income

(69,413)

–

– Property management fees

540

–

– Warehouse management fees expenses

1,715

–

DBS Trustee Limited

– Trustee’s fees

121

–

Saved as disclosed above, there were no additional interested person/party transactions (excluding transactions

less than S$100,000 each) nor any material contracts entered into by ECW involving the interests of the CEO, each

Director or controlling shareholder of the Manager or controlling Unitholder.

The following table sets out a summary of Units issued for payment of the management fees during or in respect

of the financial year from 1 January 2016 to 31 December 2016.

For Period

Issue Date

Units issued

Issue Price

(S$)*

28 July 2016 to 30 September 2016

15 November 2016

1,003,845

0.7689

• Based on the volume weighted average traded price for a Unit for all trades on the SGX-ST in the ordinary course of trading on the SGX-ST for

the last ten business days of the relevant period in which the management fee accrues.

ADDITIONAL

INFORMATION

Please also see Related party transactions in Note 25 to the financial statements.