In 2025, China’s macroeconomic policy stance has shifted more decisively toward supporting growth with measures aim to stimulate domestic demand, improve credit access, and support struggling businesses. Within China’s warehouse and logistics market, fundamentals remain intact over the long term, underpinned by the continued growth of e-commerce and domestic consumption. However, warehousing supply remains high in regions like Hangzhou and Wuhan, and rental recovery is expected to remain slow and uneven3. Against this backdrop, EC World REIT’s near-term priorities are focused on stabilising occupancy, managing operational costs, and most critically, executing asset divestment as part of its broader restructuring. At the same time, the Manager continues to monitor market conditions closely and will adapt its strategy where necessary to preserve value and support long-term recovery. Sustainability In 2024, our properties completed several environmental initiatives, including the installation of solar panels. The Manager also conducted qualitative assessments of climaterelated transition and physical risks for all properties, with findings disclosed under different climate scenarios in our latest sustainability report. These actions reflect our ongoing efforts and commitment to integrating sustainability into our operations. In preparation for mandatory climaterelated reporting under the IFRS Sustainability Disclosure Standards from FY2026, the REIT will provide a transition plan in its FY2025 sustainability report, while continuing to disclose other key sustainability components on a comply or explain basis, in accordance with existing SGX requirements. Acknowledgments FY2024 was an extraordinarily challenging year for EC World REIT. On behalf of the Board, I would like to express my sincere appreciation to our unitholders for your continued patience and support during this challenging period. I also thank my fellow Board members, for their service and wise counsel, and the management team for their unwavering effort to navigate the uncertainty. The REIT remains in a vulnerable position, but we are taking proactive and steps to stabilise its financial standing. The Board and the Manager remain committed to acting in the best interests of unitholders as we work through this critical phase. Chan Heng Wing Acting Chairman Independent Non-Executive Director and Lead Independent Director Amid a challenging year and complex market conditions, we remain committed to strengthening our operations, optimizing resource allocation, and securing the long-term stability and growth of the REIT. 1 https://www.reuters.com/world/china/ chinas-property-investment-drops-106-2024sales-slump-129-2025-01-17 2 https://www.worldbank.org/en/publication/ global-economic-prospects 3 https://www.reuters.com/world/china/ china-vice-premier-pledges-more-policysupport-says-economy-started-2025well-2025-03-27/ EC WORLD REIT 08 LETTER TO UNITHOLDERS
RkJQdWJsaXNoZXIy NTkwNzg=