PERENNIAL CHINA RETAIL TRUST

IPO

Company Registration: PERENNIAL CHINA RETAIL TRUST

(a business trust constituted on 22 February 2011 under the laws of the Republic of Singapore)
Company Introduction: Background

Perennial China Retail Trust ("PCRT") is Singapore's first pure-play PRC retail
development trust listed on the Main Board of the SGX-ST. The Trustee-Manager's
key objective is to provide unitholders of PCRT with (i) long-term capital
growth from a steady growth in net asset value through acquiring
attractively-priced predominantly-retail development projects and the on-going
value creation of PCRT's assets and (ii) regular distributions from the income
of its completed and stabilised assets.

PCRT's initial property portfolio comprises five properties in Shenyang,
Chengdu and Foshan, valued at approximately S$1.1 billion (approximately
RMB5,898.0 million), which is expected to have an aggregate gross floor area of
approximately 960,899.0 square metres.

PCRT is sponsored by Perennial Real Estate Pte. Ltd., a Singapore-registered
company founded by retail real estate veteran Mr Pua Seck Guan. PCRT is managed
by Perennial China Retail Trust Management Pte. Ltd., which will on listing be
a joint venture majority-owned by the Sponsor, and with the remaining stakes
held by Ace Best Holdings Limited, which is part of Nan Fung Group, and Asdew
Acquisitions Pte Ltd.

Closing Dates

Prospectus

Issue Manager And Underwriters