Swire Properties Limited announced that Mr. John Robert SLOSAR has resigned as Chairman of the Board and an Executive Director; Mr. Merlin Bingham SWIRE has been elected Chairman of the Board in place of Mr. John Robert SLOSAR; and Mr. Merlin Bingham SWIRE has been re-designated from a Non-Executive Director to an Executive Director of the Company. Such resignation, election and re-designation to take effect on July 1, 2018. Mr. Merlin Bingham SWIRE joined the John Swire & Sons Limited group in 1997 and has worked with the group in Hong Kong, Australia, Mainland China and the United Kingdom. He has been a Director of the Company since January 14, 2009. He is also Deputy Chairman and a shareholder of John Swire & Sons Limited, Chairman of John Swire & Sons (H.K.) Limited, Swire Pacific Limited and Hong Kong Aircraft Engineering Company Limited and a Director of Cathay Pacific Airways Limited.