Insider Trades

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025 ("Transaction").

ESR Group Limited has: (a) a direct interest in 13,338,388 units of the Listed Issuer; and (b) a deemed interest in the 228,230,043 units in which e-Shang Infinity Cayman Limited has a direct interest in the Listed Issuer, amounting to a total interest in 241,568,431 units in the Listed Issuer.

Alexandrite Gem Holdings Limited ("AGHL") and Athena Logistics Holding Ltd ("ALHL") are each indirectly wholly-owned by certain private equity funds which are limited partnerships ("the Funds") managed by Warburg Pincus LLC, a New York limited liability company. Warburg Pincus XII, L.P., a Delaware limited partnership ("WP XII GP") and Warburg Pincus China GP, L.P., a Delaware limited partnership ("WPC GP") are the general partners of the Funds.

WP Global LLC, a Delaware limited liability company ("WP Global"), is the general partner of each of WP XII GP and WPC GP.

Warburg Pincus Partners II, L.P., a Delaware limited partnership ("WPP II"), is the managing member of WP Global.

Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC"), is the general partner of WPP II.

Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WPP GP LLC.

WP Nepheline Ltd ("WPNL"), WP Ekanite Gem Ltd ("WPEG"), WP Andesine Holding Ltd ("WPAH") are each indirectly wholly-owned by certain private equity funds which are limited partnerships ("the Other Funds") managed by Warburg Pincus (Bermuda) Private Equity GP Ltd, a Bermuda limited liability company. Warburg Pincus Asia Real Estate GP, L.P. ("WPARE"), WP Ekanite Gem GP Ltd. ("WPEG GP") and Warburg Pincus (Cayman) China-Southeast Asia II GP, L.P ("WPCSA GP") are the general partners of the Other Funds.

Warburg Pincus Asia Real Estate GP, LLC ("WPARE GP"), a Cayman Islands limited liability company, is the general partner of WPARE.

Warburg Pincus Co-Investment GP (Cayman), Ltd. ("WPC GP"), a Cayman Islands limited liability company, is the managing member of WPEG GP.

Warburg Pincus (Cayman) China-Southeast Asia II GP LLC ("WPCSA") is the general partner of WPCSA GP.

Warburg Pincus Partners II (Cayman), L.P. ("WPPC II"), a Cayman Islands limited liability company, is the managing member of each of WPARE GP and WPCSA, as well as the sole member of WPC GP.

Warburg Pincus (Bermuda) Private Equity GP Ltd ("WPBPE GP"), is the general partner of WPPC II.

Following the completion of the Transaction, AGHL, ALHL, WPNL, WPEG and WPAH collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is 100% owned by MEGA FinCo, which is in turn 100% owned by MEGA Intermediate HoldCo, which is in turn 100% owned by MEGA EquityCo.

Accordingly, each of AGHL, ALHL, WP Global, WPP II, WPP GP LLC and WP, as well as each of WPNL, WPEG, WPAH, WPARE GP, WPC GP, WPCSA, WPPC II and WPBPE GP, is deemed to have an interest in the 241,568,431 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025 ("Transaction").

ESR Group Limited has: (a) a direct interest in 13,338,388 units of the Listed Issuer; and (b) a deemed interest in the 228,230,043 units in which e-Shang Infinity Cayman Limited has a direct interest in the Listed Issuer, amounting to a total interest in 241,568,431 units in the Listed Issuer.

Following the completion of the Transaction, Starwood Electron Co-Invest LP ("SECL") and SOF-12 Sequoia Investco Ltd ("SSIL") collectively hold more than 20% of MEGA EquityCo and more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is 100% owned by MEGA FinCo, which is in turn 100% owned by MEGA Intermediate HoldCo, which is in turn 100% owned by MEGA EquityCo.

SECL and SSIL are each indirectly controlled by certain vehicles managed by Starwood Capital Group Management, L.L.C., a Delaware limited liability company.

Starwood Electron Co-Invest GP, LLC, a Delaware limited liability company ("SEC GP") is the general partner of SECL.

SSIL is directly controlled by S Asia Hold Co 1 Private Limited, a Singapore private limited company ("SAHC1").

SAHC1 is directly controlled by SOF-12 International SCSP, a Luxembourg special limited partnership ("S12").

SOF-12 International Management S.a.r.l., a Luxembourg limited liability company ("SIMS") is the general partner of S12.

SIMS is directly controlled by Starwood XII Management L.P., a Delaware limited partnership ("SXM").

Starwood XII Management GP, L.L.C., a Delaware limited company ("SXM GP") is the general partner of SXM.

SXM and SEC GP are directly controlled by Starwood Capital Group Global II, L.P. a Delaware limited partnership ("SCGG II").

SCGG II GP, L.L.C., a Delaware limited liability company ("SCGG GP II") is the general partner of SCGG II.

SCGG GP II is directly controlled by Starwood Capital Group Holdings GP L.L.C., a Delaware limited liability company ("SCGH").

SCGH is directly controlled by BSS SCG GP Holdings L.L.C., a Delaware limited liability company ("BSS").

Barry Stuart Sternlicht controls a majority interest in BSS.

Accordingly, following the completion of the Transaction, each of SECL, SSIL, SEC GP, SAHC 1, S12, SIMS, SXM, SXM GP, SCGG II, SCGG GP II, SCGH, BSS and Barry Stuart Sternlicht, is deemed to have an interest in the 241,568,431 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in MEGA EquityCo, which is the holding company of MEGA BidCo and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in ESR Group Limited and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025 ("Transaction").

ESR Group Limited has: (a) a direct interest in 13,338,388 units of the Listed Issuer; and (b) a deemed interest in the 228,230,043 units in which e-Shang Infinity Cayman Limited has a direct interest in the Listed Issuer, amounting to a total interest in 241,568,431 units in the Listed Issuer.

Following the completion of the Transaction, MEGA BidCo holds more than 20% of the voting shares in ESR Group Limited. MEGA BidCo is 100% owned by MEGA FinCo, which is in turn 100% owned by MEGA Intermediate HoldCo, which is in turn 100% owned by MEGA EquityCo.

Accordingly, each of MEGA BidCo, MEGA FinCo, MEGA Intermediate HoldCo and MEGA EquityCo, is deemed to have an interest in the 241,568,431 units of the Listed Issuer that ESR Group Limited has a deemed interest in.

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in ESR Group Limited and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in ESR Group Limited and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
MEGA BidCo has acquired the entire issued share capital in ESR Group Limited, which was listed on The Stock Exchange of Hong Kong, by way of a scheme of arrangement which was completed on 30 June 2025. ESR Group Limited holds an interest in the Listed Issuer. The Substantial Unitholders have an interest in ESR Group Limited and therefore under Section 4(5) of the Securities and Futures Act 2001, are deemed to have interests in the units of the Listed Issuer.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 241568431 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.47000000 (Deemed Interest)

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 222638338 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 19.79000000 (Deemed Interest)

Mr Daniel Sieber's deemd interest is attributed to his substancial interest in Volare Group AG.

Mr Daniel Sieber has a controlling interest in Volare Group AG.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals)

Immediately after the transaction

No. of ordinary voting shares/units held: 222638338 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 19.79000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): $7,762,500

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 138799514 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 12.30000000 (Deemed Interest)

Mr Jan Frederic Moermann deemed interest is attributed to his substantial interest in Quarz Capital ASIA (Singapore) Pte. Ltd.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals)

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): $7,762,500

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 138799514 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 12.30000000 (Deemed Interest)

Quarz Capital ASIA (Singapore)'s interest in the securities of Sabana Industrial REIT are currently entirely comprised as deemed interests. Quarz Capital ASIA is deemed interested in the shares in its capacity as investment advisor and fund manager of various funds and accounts

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): SGD 150'228

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 191394838 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 17.01000000 (Deemed Interest)

Mr Daniel Sieber's deemd interest is attributed to his substancial interest in Volare Group AG

Mr Daniel Sieber has a controlling interest in Volare Group AG

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): SGD 150'228

Immediately after the transaction

No. of ordinary voting shares/units held: 191394838 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 17.01000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Issue of Units in Sabana REIT pursuant to the Sabana REIT DRP in respect of the 1H23 Distribution.

Immediately after the transaction

No. of ordinary voting shares/units held: 12973315 (Direct Interest); 221983366 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.17000000 (Direct Interest); 19.97000000 (Deemed Interest)

As at the date of this notification, ESR Group Limited owns the entire issued share capital of e-Shang Jupiter Cayman Limited, which in turn owns the entire issued share capital of e-Shang Infinity Cayman Limited. Accordingly, ESR Group Limited has deemed interest in the units of Sabana REIT held by e-Shang Infinity Cayman Limited and e-Shang Jupiter Cayman Limited:

Subsidiary name Direct Interest Deemed Interest

e-Shang Infinity Cayman Limited 221,983,366 -
e-Shang Jupiter Cayman Limited - 221,983,366

e-Shang Infinity Cayman Limited's direct interest in Sabana REIT increased from 214,299,143 to 221,983,366 pursuant to the Sabana REIT DRP in respect of the 1H23 Distribution.

The percentage unitholdings as disclosed are calculated based on the total number of issued units in Sabana REIT, being 1,111,788,330 as publicly disclosed by the manager of Sabana REIT.

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): $64,500

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 154450145 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 14.01000000 (Deemed Interest)

Quarz Capital ASIA (Singapore)'s interest in the securities of SABANA INDUSTRIAL REIT are currently entirely comprised as deemed interests. Quarz Capital ASIA is deemed interested in the shares in its capacity as investment advisor and fund manager of various funds and accounts

Remarks
Acquisition of Securities via market transaction

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): SGD 435,000

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 176466646 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 16.01000000 (Deemed Interest)

Mr Daniel Sieber deemed interest is attributed to his substancial interest in Volare Group AG.

Mr Daniel Sieber has a controlling interest in Volare Group AG.