Far East Hospitality Trust

**Sustainability Governance**

**Board Oversight**

As such, Far East H-Trust's sustainability framework The Board and ASRC are responsible for ESG strategies and climate risk management across Far East H-Trust. The Board takes into consideration ESG and climate-related issues in all strategic planning exercises – including risk management, policy setting, annual budgets, capital expenditure planning, as well as acquisition and divestment deliberations.

The Board also ensures conformance with applicable regulations related to sustainability such as SGX-ST Listing Rules 711A and 711B, SGX Sustainability Reporting Guide and Environmental Risk Management measures for Asset Managers as set out by MAS.

**Management's Roles** **Governance Overview**
Far East H-Trust's sustainability management is overseen by Mr Gerald Lee, Chief Executive Officer ("CEO") of the REIT Manager. He provides the overall sustainability direction and approves key sustainability practices and Audit, **Overseeing environmental, social and**

**governance strategy**

is supported by the Sustainability Working Committee and Risk ("SWC") comprising representatives from Finance, Asset Management and Investor Relations. The SWC drives and monitors sustainability initiatives of the Trust. The SWC works closely with and gathers inputs from our Operator, the master lessees, and the property manager of the commercial premises.

**Audit,**

**Sustainability**

**and Risk**

**Committee**

Sustainability - Reports to the CEO.
Working - Identifies and examines ESG and climate-related risks and
Committee opportunities and provides relevant recommendations.

**Chief**

**Executive**

- Drives and monitors ESG and climate-related initiatives.

**Officer**

**Sustainability**
**Working**
**Committee**

Property Manager of

Master Lessees

The Commercial

and Operator

Premises

###### Sustainability Governance

The Board has oversight of all ESG matters material to Far East H-Trust, reviews all strategic plans, provides guidance on sustainability considerations, and ensures conformance with applicable regulations related to sustainability such as the SGXST Listing Rules 711A and 711B and the SGX Sustainability Reporting Guide.

In FY 2021, Far East H-Trust's Audit and Risk Committee was renamed as Audit, Sustainability and Risk Committee to cover the scope of oversight of matters relating to Far East H-Trust's objectives, programmes, policies, and practices pertaining to sustainability. Responsibilities of the ASRC include:

- Overseeing ESG issues and strategies as well as the process used to identify, evaluate and manage material ESG related issues

Making recommendations to the Board on strategies, targets, policies and roadmap pertaining to sustainability

- Monitoring the compliance with applicable regulations and policies

- Reviewing the effectiveness of strategies, targets, policies and roadmaps pertaining to sustainability; and

- Reviewing the status updates on the implementation and progress against sustainability targets

Far East H-Trust's sustainability management is overseen by Mr Gerald Lee, Chief Executive Officer ("CEO") of the REIT Manager, who provides the overall sustainability direction and approves key sustainability practices. He is supported by the Sustainability Working Committee ("SWC"), comprising representatives from Finance, Asset Management and Investor Relations, which drives, monitors, and communicates our REIT's sustainability initiatives.

Sustainability Governance Board Oversight The Board and ASRC are responsible for ESG strategies and climate risk management across Far East H-Trust. The Board takes into consideration ESG and climate-related issues in all strategic planning exercises – including risk management, policy setting, annual budgets, capital expenditure planning, as well as acquisition and divestment deliberations. The Board also ensures conformance with applicable regulations related to sustainability such as SGX-ST Listing Rules 711A and 711B, SGX Sustainability Reporting Guide and Environmental Risk Management measures for Asset Managers as set out by MAS. [...] Strategies The SWC recommends strategies to mitigate risks and capture opportunities based on the identification, assessment and prioritisation exercises conducted. The recommendations are developed in conjunction with ASRC and subsequently presented to the Board for approval. Far East H-Trust's responses to climate-related impacts are reviewed periodically and we will continue to enhance our climate disclosures.