Mapletree Pan Asia Commercial Trust (N2IU) announced that all four ordinary resolutions were approved at its 15th Annual General Meeting held on Jul, 29 2026 at Mapletree Business City, Singapore.

The meeting, chaired by Board Chairman Samuel Tsien, confirmed the adoption of the FY2025/26 financial statements, re-appointed KPMG LLP as external auditor, renewed the mandate allowing the Manager to issue up to 50% of outstanding units (with a 20% sub-limit for non-pro-rata issues), and renewed a unit buy-back mandate for up to 5% of issued units.

Voting support was strong across the board: • Adoption of FY2025/26 accounts – 99.87% in favour (3.65 billion units). • Re-appointment of KPMG – 99.86% in favour (3.65 billion units). • General mandate to issue units – 98.04% in favour (3.58 billion units). • Renewal of unit buy-back mandate – 99.89% in favour (3.65 billion units).

In opening remarks, Tsien said the trust had “deliberately reshaped” its portfolio during FY2025/26, divesting Mapletree Anson, two Japan office assets and the office component of Festival Walk in Hong Kong for a combined consideration of about 406 million Singapore dollars, with proceeds used to pare debt. He noted that Singapore remains “the anchor of the portfolio,” while acknowledging persisting geopolitical and macroeconomic headwinds in overseas markets.

Chief Executive Officer Sharon Lim and Chief Financial Officer Janica Tan reiterated that the stronger balance sheet gives the trust flexibility to navigate near-term volatility and pursue disciplined acquisitions and asset-enhancement initiatives. Management fielded questions on topics such as the impact of the future Johor Bahru-Singapore Rapid Transit System on VivoCity, strategy for the trust’s two China assets, and leasing plans at Festival Walk, where committed occupancy remains high despite a challenging Hong Kong retail environment.

The AGM concluded at 4:05 p.m. with the Manager affirming its focus on maintaining healthy occupancy, cost efficiency and selective growth opportunities across its pan-Asian portfolio.