People First Metrics Unit of Measurement 2023 2024 2025 Male Female Total Male Female Total Male Female Total Workforce n (GRI 2-7, 2-8, 405-1) Total employees 6 11 17 5 11 16 5 11 16 Total employees by age Employees under 30 years old Number 0 0 0 0 1 1 0 0 0 Employees between 30 – 50 years old Number 4 10 14 4 9 13 3 10 13 Employees above 50 years old Number 2 1 3 1 1 2 2 1 3 Total employees by ethnicity Asian Number 3 11 14 3 11 14 3 11 14 Percentage 17.6% 64.7% 82.3% 18.8% 68.8% 87.6% 18.8% 68.8% 87.6% Caucasian Number 3 0 3 2 0 2 2 0 2 Percentage 17.6% 0.0% 17.6% 12.5% 0.0% 12.5% 12.5% 0.0% 12.5% Total employees by employment category Executive Number 4 2 6 3 1 4 3 2 5 Percentage 23.5% 11.8% 35.3% 18.8% 6.3% 25.1% 18.8% 12.5% 31.3% Non-Executive Number 2 9 11 2 10 12 2 9 11 Percentage 11.8% 52.9% 64.7% 12.5% 62.5% 75.0% 12.5% 56.3% 68.8% Total employees by working status Total full-time employees by region Singapore Number 4 11 15 3 11 14 3 10 13 United States Number 2 0 2 2 0 2 2 0 2 Note: n Amounts may not sum up to 100.0% due to rounding. Employees - The Executive refers to the management team. For more information about the management team, please refer to pages 18 - 19 in the Annual Report 2025. Non-Executive refers to employees of the Manager, excluding the management team. - From 2023 to 2024, the Manager did not have temporary, part-time and non-guaranteed hours employees. All employees were employed on a full-time basis, and were considered permanent employees. In 2025, the Manager did not have temporary and non-guaranteed hours employees. All employees were considered permanent employees - Computation of annual employee headcount is based on the number of employees at the end of the Reporting Period. - New employee hires and employee turnover rates are calculated using the following formulas: New employee hires = Total number of new employee hires Total number of employees Employee turnover = Total number of employee turnover Total number of employees Employee involuntary turnover = Total number of employee involuntary turnover Total number of employees Non-employees - Non-employees, generally known as workers, refers to Asset and Property Managers. Asset Managers execute MUST’s investment and asset management strategy and Property Managers provide property management services. - Computation of annual workers headcount is based on the average full-time workers across the Reporting Period. / 39 / MANULIFE US REIT
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