Press release

The Trustee-Manager of Dasin Retail Trust

welcomes Sino-Ocean Capital as a major shareholder

• Sino-OceanCapital is a leading national real estate fund management company and an outstanding alternative asset management company in China
• Strategic partnership to jointly explore business opportunities and work together in a transparent manner to take the Trust to the next stage of growth

Singapore, October 12, 2021 – Dasin Retail Trust Management Pte. Ltd. (“DRTM” or the “Trustee-Manager”), the trustee-manager of Dasin Retail Trust (“DRT” or the “Trust”), has been informed by Mr. Zhang Zhencheng, Chairman and majority shareholder of the Trustee – Manager, as well as Aqua Wealth Holdings Limited (“Aqua Wealth”), a unitholder controlling the Trust, that they completed the transfer of shares from Mr. Zhang Zhencheng to New Harvest Investments Limited (“New Harvest”) in accordance with the terms of the sale and purchase agreement dated July 19, 2021. As a result, New Harvest has become a majority shareholder of the Trustee-Manager, holding a total of 70% of the issued and paid-up share capital. New Harvest is a subsidiary of Sino-Ocean Capital, a long-time partner of the Sponsor and Mr. Zhang Zhencheng.

Sino-Ocean Capital’s activities include real estate investment, private equity investment, structured investment, strategic and innovative investment. It has won numerous awards such as “Top 10 Best Investment Institute (Real Estate Industry)”, “Top 10 Real Estate Fund Management Institute”, “Best Real Estate Equity Investment Institute”. At the end of 2020, its assets under management exceeded 133.2 billion RMB.

Mr. Zhang Zhencheng, Chairman of the Trustee-Manager said: “We are delighted to have established this strategic partnership with Sino-Ocean Capital, a leading real estate fund management company and a reputable alternative asset management company. in China. Together, we will explore business opportunities and work together in a transparent manner to take the Trust to the next stage of growth. We look forward to working with them to unlock greater potential and deliver long-term value to our unitholders.

Ms. Wang Qiu, CEO of the Trustee-Manager, said, “We welcome Sino-Ocean Capital as our major shareholder. Have Sino-Ocean Capital as the majority shareholder of the fiduciary

Manager is a solid testament to our solid track record. By leveraging Sino-Ocean Capital’s extensive network and reputation, we believe we could further improve our competitive advantage in the region and expand our presence in China. ”

-TO FINISH-

ABOUT DASIN RETAIL TRUST

Dasin Retail Trust is the only retail real estate trust in China with direct exposure to the growing Guangdong-HongKong-Macau Great Bay Area listed on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX- ST ”) January 20, 2017 The primary investment mandate of Dasin Retail Trust is to invest in, own or develop land, unfinished developments and income producing real estate in Greater China (including the People’s Republic of of China (“PRC”), Hong Kong and Macao), used primarily for retail as well as real estate-related assets, with an initial focus on shopping malls. Dasin Retail Trust’s portfolio includes seven shopping centers strategically located in the cities of Foshan, Zhuhai and Zhongshan in the PRC.

Dasin Retail Trust is managed by Dasin Retail Trust Management Pte. Ltd. (the “Trustee”). The main objectives of the Trustee-Manager are to provide Unitholders of Dasin Retail Trust with an attractive rate of return on their investment through regular and stable distributions to Unitholders and to achieve long-term sustainable growth of the DPU and of the net asset value per Unit, while maintaining an appropriate capital structure for Dasin Retail Trust.

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IMPORTANT NOTICE

The value of Dasin Retail Trust units (the “Units”) and the income from them may go down as well as up. The Units do not constitute bonds, deposits or a guarantee by the Trustee-Manager or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the invested capital.

Investors do not have the right to ask the Trustee-Manager to redeem their Units while the Units are listed. It is intended that holders of units of Dasin Retail Trust may only trade their units by trading on the SGX-ST. Listing of Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of Dasin Retail Trust is not necessarily indicative of the future performance of Dasin Retail Trust.

This press release may contain forward-looking statements that involve risks and uncertainties. Actual performance, results and future results may differ materially from those expressed in forward-looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (but are not limited to) general industry and economic conditions, interest rate trends, cost of capital and availability of capital, competition from others. companies and places of sale or distribution of goods and services, changes in demands from customers, customers and partners, changes in operating expenses (including employee salaries, benefits and costs of training), changes in government and public policies and the continued availability of funding in the amounts and conditions necessary to support future activities. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the current opinion of the Trustee-Manager on future events.

Unitholders and potential investors are reminded to exercise caution when trading in units of the Trust. In particular, unitholders and potential investors should note that there can be no assurance that the business activities or transactions, including the completion of transactions contemplated under the sale and purchase contract, mentioned in this press release will occur. will materialize. People who are in doubt as to what action to take should consult their stockbrokers, bank managers, lawyers or other professional advisers.

Disclaimer

Dasin Retail Trust published this content on 12 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 12, 2021 10:01:02 AM UTC.