FAR EAST HOSPITALITY TRUST

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.