Far East HTrust（Q5T）年次報告書

Far East Hospitality Trust is a stapled group comprising Far East H-REIT and

Far East H-BT.

Far East H-REIT is a Singapore-based REIT established with the principal

investment strategy of investing on a long-term basis, directly or indirectly,

in a diversified portfolio of income-producing real estate in Singapore, used

primarily for hospitality and/or hospitality-related purposes, whether wholly

or partially, as well as real estate-related assets in connection with the

foregoing.

Far East H-BT is a business trust which will be dormant as at the Listing Date.

It exists primarily as “a master lessee of last resort” and will become active

if Far East H-REIT is unable to appoint a master lessee for any of the

hospitality properties in its portfolio at the expiry of the relevant master

lease agreement or for a newly acquired hospitality property. Far East H-BT may

also become active if it undertakes certain hospitality and hospitality-related

development projects, acquisitions and investments which may not be suitable

for Far East H-REIT.

The principal objective of the manager of Far East H-REIT and the

trustee-manager of Far East H-BT is to deliver regular and stable distributions

to the holders of the stapled securities and to achieve long-term growth in

distributions and the net asset value per stapled security.