The following changes to the composition of the board of Swire Pacific Limited will take effect on 25th August 2021: Mr. Merlin Bingham SWIRE ("Mr. Swire") will cease to be the chairman and an executive director of Swire Pacific, but will continue as a non-executive director of Swire Pacific. Mr. Guy Martin Coutts BRADLEY ("Mr. Bradley") will become the chairman and an executive director of Swire Pacific. Mr. Patrick HEALY ("Mr. Healy") will become an executive director of Swire Pacific. Ms. XU Ying ("Ms. Xu") will become an independent non-executive director of Swire Pacific.