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REPORT OF THE TRUSTEE-MANAGER
OF FORTERRA TRUST
The directors of Forterra Real Estate Pte. Ltd. (“Trustee-Manager”, formerly known as Treasury Holdings
Real Estate Pte. Ltd.), the Trustee-Manager of Forterra Trust (the “Trust”) and its subsidiaries (together
referred to as the “Group”), are pleased to submit this annual report to the Unitholders of the Trust,
together with the audited financial statements for the financial year ended 31 December 2012.
Directors
The directors of the Trustee-Manager in office at the date of this report are as follows:
Peter Graham Sugden (Chairman and Lead Independent Non-Executive Director, appointed
on 18 May 2012 and appointed Chairman on 15 October 2012)
Xu Sitao (Deputy Chairman and Independent Non-Executive Director, appointed
on 18 May 2012)
Richard Anthony David (Executive Director and Chief Executive Officer, re-appointed
25 July 2012)
Richard Joseph Barrett (Non-Executive Director, re-appointed on 25 July 2012)
Rory John Williams (Non-Executive Director, re-appointed on 25 July 2012)
Dr. Tan Khee Giap (Independent Non-Executive Director, appointed on 25 July 2011)
Yoon Wai Nam (Independent Non-Executive Director, appointed on 25 July 2012)
During the year, the Memorandum & Articles of Association of the Trustee-Manager were amended to
incorporate set terms of service of thirty months for directors. As part of the amendments, Richard
Barrett, Richard David, Rory Williams, Raymond Horney, Jen Shek Voon and Stuart Leckie, all having been
appointed on 18 February 2010, were vacated from office on 25 July 2012.
Change of name
The Board of the Trustee-Manager approved the change of name of the Trust from Treasury China Trust
to Forterra Trust on 26 February 2013.
Principal activities of the Trust
The principal activity of the Trust is to own, invest in and proactively manage income-producing real estate
used primarily for office, retail, industrial/logistics purposes as well as hotels and serviced apartments
located in the People’s Republic of China, the Hong Kong Special Administrative Region and the Macau
Special Administrative Region, and real estate-related assets in relation to the foregoing. The Trust may
acquire, hold or develop land, under-performing assets or uncompleted developments to be used as
commercial real estate located in Greater China, with the objective of providing proactive management
solutions to deliver maximum value that results in either the holding of the properties upon completion
or the disposal of the properties on a strategic basis to deliver strong distributable income growth.