With effect from 1 January 2025, the management of EC World REIT’s portfolio of properties is undertaken by Hangzhou Wangcheng Property Service Co., Ltd. (杭州 ⽹城物业服务有限公司) (“Wangcheng”) and Hangzhou Chonghang Port Property Management Co., Ltd. （杭州 崇航港物业管理有限公司）, a wholly-owned subsidiary of Hangzhou Chonghang Port Supply Chain Co., Ltd. (“Chonghang”). Both Wangcheng and Chonghang are independent third-party service providers unrelated to EC World REIT and its Sponsor. Wangcheng manages the property and lease operations for Fuzhou E-Commerce, Fuheng Warehouse, Hengde Logistics, Wuhan Meiluote, and Beigang Logistics Stage 1. Chonghang manages Chongxian Port Investment and Chongxian Port Logistics and also serves as the port operator, providing integrated services tailored to the specific operational requirements of these assets. The Property Managers provide the following main services to the properties: • Property and Lease Management Services: Manage rental leases, ensuring a high standard of tenant satisfaction and efficient administration of property operations. • Marketing Services: Market available space within Fuzhou E-Commerce EC World REIT’s portfolio, enhancing the properties’ market positioning and attractiveness to maximize returns to Unitholders. • Property Maintenance and Repair Services: Maintain and repair properties, ensuring they remain in optimal condition. • Project Management Services: Oversee construction and development projects within the properties, managing costs and schedules effectively. Wangcheng and Chonghang have teams of experienced professionals skilled in managing prominent real estate assets in China. The Property Managers’ capabilities and rigorous internal controls support EC World REIT’s commitment to operational excellence and Unitholder value. ANNUAL REPORT 2024 29 THE PROPERTY MANAGER
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