ARA Asset Management (Prosperity) Limited

ARA Asset Management (Prosperity) Limited is the manager of Prosperity REIT ("Manager"). The Manager is a wholly-owned subsidiary of ARA Asset Management Limited ("ARA") which is listed on the Mainboard of the Singapore Exchange Securities Trading Limited. ARA, a real estate fund management company, is an affiliate of the Cheung Kong Group. ARA's business segments comprise REIT management, private real estate fund management, and specialist equity fund management and corporate finance advisory services."

The Manager is an independent corporate entity formed under ARA group of business dedicated to manage the assets of Prosperity REIT for the benefit of the Unitholders. The Manager is licensed by The Securities and Futures Commission of Hong Kong to conduct the regulated activity of asset management, as required by the Code on Real Estate Investment Trusts of Hong Kong ("The REIT Code").

Scope of Management

The Manager is responsible for actively managing the properties in order to maintain high occupancy levels, achieve strong rental growth and maximize net property income.  The Manager works closely with the Property Manager to drive organic growth and build strong relationship with tenants as well as seek property enhancement opportunities.

The Manager sets the strategic direction and risk management policies of Prosperity REIT and give recommendations to the Trustee on the acquisition, divestment or enhancement of assets of Prosperity REIT in accordance with the Manager’s investment strategy and the provision of the Trust Deed.

The Manager is also responsible for Prosperity REIT’s financing strategies as well as preparation of property plans and budgets.

The Manager is responsible for ensuring compliance with the applicable provisions of the REIT Code, the Securities and Futures Ordinance (Chapter 571 of Laws of Hong Kong) and all other relevant legislations, the Listing Rules, the Trust Deed and all the relevant contracts.

Futher the Manager is be responsible for all regular communication with Unitholders.

The Manager has general power of management over the assets of Prosperity REIT.