Mr. John Robert SLOSAR has indicated his intention to retire as Chairman and a Director of Swire Pacific Limited and as Chairman and a Director of Swire Properties Limited and Hong Kong Aircraft Engineering Company Limited with effect from July 1, 2018. Mr. Slosar will remain as Chairman and a Director of Cathay Pacific Airways Limited. Mr. Merlin Bingham SWIRE, currently a Director of Swire Pacific, Swire Properties, Cathay Pacific and HAECO, will succeed Mr. Slosar as Chairman of Swire Pacific, Swire Properties and HAECO with effect from July 1, 2018.

Mr. Swire has worked for the Swire group for 20 years. He is also Deputy Chairman and Chief Executive and a shareholder of John Swire & Sons Limited and a Director of Cathay Pacific.