Mr. Merlin Bingham SWIRE the chairman of Swire Pacific Limited and of Swire Properties Limited has indicated his intention to resume his position as chief executive of John Swire & Sons Limited and to return to London. As a consequence, he will step down as chairman of Swire Pacific and Swire Properties. He will remain a director of Swire Pacific, Swire Properties and Cathay Pacific Airways Limited ("Cathay Pacific").

Mr. Guy Martin Coutts BRADLEY ("Mr. Bradley"), a director and currently the chief executive of Swire Properties will become a director of Swire Pacific and Cathay Pacific and will succeed Mr. Swire as a chairman of Swire Pacific and Swire Properties. Mr. Patrick HEALY ("Mr. Healy"), the chairman of Cathay Pacific and currently a director of Swire Properties, will become a director of Swire Pacific and will cease to be a director of Swire Properties. Mr. Timothy Joseph BLACKBURN ("Mr. Blackburn"), the chief executive officer, Chinese mainland of Swire Properties, will become a director and the chief executive of Swire Properties.

Ms. MA Suk Ching (Mabelle) ("Ms. Ma"), director development and valuations of Swire Properties, will become a director of Swire Properties. The above changes will take effect on 24th August 2021.