CONTENTS GROUP OVERVIEW 08 2025 at a Glance 10 Corporate Information 12 Corporate Structure 14 2025 Events & Highlights 34 Significant Milestones 38 Our Commitment to Excellence GOVERNANCE 189 Directors’ Profile 194 Senior Management Profile 200 Corporate Governance Overview Statement 216 Additional Compliance Information 217 Statement on Risk Management & Internal Control 226 Audit Committee Report SUSTAINABILITY 94 Sustainability Milestones 95 About This Sustainability Statement 97 Sustainability Governance 98 Integration of Sustainability Risks & Opportunities 99 Stakeholder Engagement 102 Materiality Assessment 103 Summary of Sustainability Performance & Targets 107 Partnerships & Industry Engagement 108 Alignment with United Nations Sustainable Development Goals 110 Economic Sustainability 135 Social Responsibility 151 Environmental Responsibility 178 Corporate Governance 181 Statement of Assurance 184 Bursa Malaysia Prescribed Table MANAGEMENT DISCUSSION & ANALYSIS 40 Management Discussion & Analysis 42 Overview & Property Market Outlook 48 Our Key Priorities 49 Achievements & Future Growth 50 The Tropicana Journey & Market Traction 58 Expanding Our Foothold 60 Ongoing Developments 66 Upcoming Developments 69 Investment Properties 70 Appreciation 71 Performance at a Glance 73 Financial Highlights & Insights 76 Value Added Statement 77 Financial Calendar 78 Our Value Creation 80 Our Capitals & Business Model 83 Our Operating Environment 84 Investor Relations 85 Quality Commitment 86 Quality Finish 01 04 FINANCIAL STATEMENT & OTHER INFORMATION 231 Statement of Directors’ Responsibility 232 Financial Statements 380 Analysis of Shareholdings 383 Analysis of Irredeemable Convertible Preference Shareholdings 384 List of Properties 394 Group Directory 396 Notice of Forty-Seventh Annual General Meeting 404 Administrative Guide & Proxy Form 05 03 02 This Annual Report is available online, scan this QR to our corporate website Important notice: All information is accurate as of the date of print and finalisation on 30 April 2025. Any subsequent updates will be reflected on Tropicana’s digital platforms. 03
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