Flora Wu

I am currently a second-semester student in SAIT's Business Administration (Accounting) program. GPA of the first semester is 4.0. Now I am trying to get involved in volunteering activities at school and also looking for some volunteer opportunities in the local community.

My job in Mapletree China mainly covers the following aspects:

• Performance tracking for divested warehousing projects to Mapletree Logistics Trust ("MLT", M44U.SI)

- Cash NPI and OR tracking.

- Conduct yield testing and sensitivity table for potential new lease/renewal proposal for Marketing(MKT) and Asset Management(AM) departments.

• Reporting

- Quarterly reporting including board paper and slides updating, projects list under construction updated to MLT , Write-up to Temasek.

- Provide project information for Chinese Annual Report update; Yearly budget and retreat slides update, observations and reporting of China-REITs, financial performance research for Key Tenants to support AM and MKT departments.

- Update macro-economic indicators, relevant logistics index, and e-commerce performance statistics on regular basis.

- Ad-hoc assignments per instructions, including logistics market analysis, competitor analysis, warehouse case studies, etc.

• Mapletree China Logistics Investment Private Fund (MCLIP) Syndication

- Involved in the fund of MCLIP syndication with an equity raise of approximately US$1.0 bil which issued successfully in Dec 2022.

- During the fund set-up, I was responsible for assisting of assets selection and establishment of the asset level cash flow model for 43 seeded and phantom assets, after clearance from TAX and Finance and Private Capital Department.

• 3rd party divestment (Baoshan Project)

- In Sep 2022, Shanghai Baoshan Business & Industrial Park was completed the divestment to a 3rd party for a consideration of over RMB 305 mil. The SPA was successfully signed on 29 Aug 2022, divestment gain to Mapletree China is about RMB 126 mil.

- Starting from Oct 2021 to Aug 2022, I was focused on the negotiation with agents and buyers for MOU and SPA along with my boss (department head of Portfolio Management).

During my stay in DNE group (a Warburg Pincus-invested leading Warehousing and Logistics Company), I was involved in the whole financial management for two commercial projects, from daily operation, annual budget, financial statements, and weekly cash flow preparation, financial analysis, tax clearance, etc.

• Review and approve payment& contract process.
• Responsible for the confirmation of CAPEX and rental income according to the budget and policy.
• Weekly rolling cash position summary， approval of internal fund transfer.
• Whole cycle budget、and VS actual analysis.
• Calculation of VAT/LUT/PT/LVAT/SD/环保税 and annual CIT settlement.
  Month-end closing and financial statements report.
• Project completion settlement and property handover, monthly utility clear.
• Offshore account opening coordination, and financing support.
• Audit and market Appraisal cooperation.
• Bank and tax bureau relationship maintained.

Working in a centralized AP department, maintained over 30 entities and 100 accounts for projects and LPs. Including but not limited to:

• AP bookkeeping for all corporate, project, and fund entities、Month mid/end posting and closing 、AP monthly summary and analysis.
• Withholding tax clear and summarize, Liaise with local banks and tax bureau, maintain a good relationship with the authorities.
• Treasury reporting, accounts management, cash flow analysis, variance explanation to offshore.
• Month-end cash balance report 、Cash position report.
• AX (financial system) optimizes and issues resolve.
• Review and process daily payable invoices for all Project companies and Corp&Fund entities, ensuring daily payment is according to company policy.
• Review and verify employee reimbursement reports, make sure claimed reports are in compliance with global expenses policy, and month-end expenses analysis.
• GL/Budget forecasting /Tax supporting.

Working in 2 small local real estate companies when graduating from the university, my work mainly focused on:

• Prepare accounting voucher and PRC report、 Statistics report.
• Monthly tax forecast and online declaration.
• Cash flow analysis.
• Payment and cost、invoices booking.
• Accounts opening、bank reconciliation、petty cash management and reimbursement; daily and weekly cash report updates.
• Project completion settlement, cost distribution, and land value-added tax clear.