CONNECTED PARTY TRANSACTIONS AND RELATED WAIVERS. Waivers from Strict Compliance with Certain Requirements under the REIT Code At the time of authorisation of Hui Xian REIT under section 104 of the SFO in April 2011 and from time to time thereafter, waivers from strict compliance with the disclosure and Unitholders’ approval requirements under Chapter 8 of the REIT Code in respect of certain connected party transactions involving Hui Xian REIT (the “Waivers”) were granted by the SFC. Some of the Waivers were subsequently applied, modified and/or extended, with the approval of Unitholders where required. The terms and conditions pursuant to which the Waivers were granted and disclosed in the 2011 Interim Report of Hui Xian REIT with subsequent announcements issued by the Manager from time to time. Throughout the year ended 31 December 2021 following the REIT Code amendments in December 2020, Hui Xian REIT has complied with the relevant terms and conditions of the Waivers.
