pg. 17 Business Overview Integrated Annual Report 2025 LETTER TO STAKEHOLDERS OPERATIONS ANCHORED IN SUSTAINABILITY 2025 represents a strategic inflection point for Al-Salām REIT as we undertake our first Integrated Annual Reporting exercise, reinforcing our commitment to disciplined governance, longterm value creation, and sustainable capital stewardship. This marks an important shift in how we articulate performance and moving beyond financial outcomes to a more holistic view that integrates sustainability considerations as a core driver of resilience and growth. In response to the evolving global and national landscape, Al-Salām REIT has taken steps to align with the International Sustainability Standards Board (“ISSB”) standards, specifically IFRS S1 and IFRS S2. As the REIT falls within the second phase of Malaysia’s National Sustainability Reporting Framework (“NSRF”), our full adoption of these standards is scheduled to commence in the 2026 financial year. We view this preparation not merely as a reporting exercise but as a strategic enabler that strengthens our data quality and demonstrates our commitment to institutional excellence. Sustainability is increasingly central to our business and investment strategy. In this context, we have prioritised the development of a comprehensive Environmental, Social, and Governance (“ESG”) framework, aligned with the United Nations Sustainable Development Goals (“UN SDGs”), to guide our strategic direction. This framework enables a structured approach to identifying material sustainability risks and opportunities, strengthening risk management, informing capital allocation decisions, and supporting the long-term performance of our portfolio. Looking ahead, our sustainability agenda will continue to evolve in tandem with our DISRUPT27 strategy, ensuring that ESG considerations are embedded across asset management, investment evaluation, and operational execution. While this first year of integrated reporting establishes a foundational baseline, our focus remains on continuous enhancement by deepening disclosures, strengthening data quality, and translating sustainability commitments into measurable outcomes. Through this approach, we aim to build a resilient REIT and deliver sustainable, long-term value to our unitholders and stakeholders. ACKNOWLEDGEMENTS On behalf of the Board of Directors, I am pleased to welcome Ong Li Lee as our new Independent Non-Executive Director and Abdul Aziz bin Abdul Rasheed as our new Non-Independent Non-Executive Director, effective August 2025, bringing with them extensive knowledge and experience in real estate asset management, which will further strengthen the Board’s capabilities. I would also like to record our sincere appreciation to Lailatul Azma binti Abdullah for her valuable contributions and dedicated service during her tenure as Independent Non-Executive Director. We also extend our appreciation to Dato’ Haji Mohammed Ridha bin Dato’ Haji Abd Kadir and Shamsul Anuar bin Abdul Majid, both Non-Independent Non-Executive Directors, for their continued guidance and contributions to the Board. We wish them all the very best in their future endeavours. I express my heartfelt appreciation to our valued stakeholders, including unitholders, REIT manager, trustee, shariah advisor, property manager, management teams of various business units, our sponsor, business partners, government agencies, regulators, valued investment community, and the media. We sincerely thank you for your unwavering support and trust in the Board of Directors and management team of Al-Salām REIT in driving our business performance. Together, we are excited to scale new heights of success towards our next phase of growth. Yours sincerely, Datuk Hashim bin Wahir Chairman JLG REIT Managers Sdn Bhd for and on behalf of Al-Salām REIT
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