NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 6 SUBSIDIARIES (continued) Details of the subsidiaries are as follows: Name of subsidiaries Principal place of business/ Country of incorporation Ownership interest 2023 2022 % % CMT MTN Pte. Ltd.1 Singapore 100.0 100.0 Brilliance Mall Trust1 Singapore 100.0 100.0 Infinity Mall Trust1 Singapore 100.0 100.0 Victory Office 1 Trust1 Singapore 100.0 100.0 Victory Office 2 Trust1 Singapore 100.0 100.0 RCS Trust1 Singapore 100.0 100.0 MSO Trust1 Singapore 100.0 100.0 CapitaLand Commercial Trust1 Singapore 100.0 100.0 CCT MTN Pte. Ltd.1, 2 Singapore 100.0 100.0 MVKimi (BVI) Limited2,3 Singapore/British Virgin Islands 100.0 100.0 Asia Square Tower 2 Pte. Ltd.1, 2 Singapore 100.0 100.0 CCT Galaxy One Pte. Ltd.1,2 Singapore 100.0 100.0 CCT Galaxy Two Pte. Ltd.1,2 Singapore 100.0 100.0 CCT Mercury One Pte. Ltd.1,2 Singapore 100.0 100.0 Gallileo Property S.a.r.l.2,4 Germany/Luxembourg 94.9 94.9 MAC Property Company B.V.2,5 Germany/Netherlands 94.9 94.9 MAC Car Park Company B.V.2,3 Germany/Netherlands 94.9 94.9 CICT AU Investments Pte. Ltd.1 Singapore 100.0 100.0 CICT AU Trust3,6,8 Australia 100.0 100.0 CICT AU 1 Trust3,7 Australia 100.0 100.0 Monopoly Trust3,7,9 Australia 100.0 100.0 Gateway Goulburn Trust3,7,9 Australia 100.0 100.0 Gateway Arthur Trust3,7,9 Australia 100.0 100.0 79RR Office Trust1 Singapore 100.0 100.0 79RR LLP1,10 Singapore 70.0 70.0 1 Audited by KPMG LLP Singapore 2 Indirectly held through CCT 3 These are not subject to audit by laws of countries of incorporation 4 Audited by KPMG Luxembourg, Société cooperative 5 Audited by KPMG Accountants N.V. 6 99.0% directly held by the Trust and 1.0% indirectly held through CICT AU Investments Pte. Ltd. 7 Indirectly held through CICT AU Trust and CICT AU Investments Pte. Ltd. 8 Audited by KPMG LLP Singapore for group consolidation purpose 9 Audited by KPMG LLP Australia for group consolidation purpose 10 Indirectly held through 79RR Office Trust For material subsidiaries, the property management fees, management fees payable and trustee fees are as follows: RCS Trust RCS Trust has entered into several service agreements in relation to the management of RCS Trust and its property operations. The fee structures of these services are as follows: (a) Property management fees With effect from 1 June 2023, the property management agreement with CapitaLand (RCS) Property Management Pte. Ltd was terminated and replaced by the New PMA. Pursuant to the New PMA, the property management fees payable to the Retail Property Manager are as stipulated in Note 1.1. 212 CAPITALAND INTEGRATED COMMERCIAL TRUST
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