The following changes to the composition of the board of Swire Properties Limited will take effect on 25 August 2021. Mr. Swire will cease to be the chairman and an executive director of Swire Properties, but will continue as a non-executive director of Swire Properties. Mr. Bradley will become the chairman of Swire Properties (remaining an executive director of Swire Properties), but will cease to be the chief executive of Swire Properties. Mr. Timothy Joseph BLACKBURN ("Mr. Blackburn") will become the chief executive and an executive director of Swire Properties. Ms. MA Suk Ching (Mabelle) ("Ms. Ma") will become an executive director of Swire Properties. Mr. Healy will cease to be a non-executive director of Swire Properties.