Swire Properties Limited announced that Mr. Richard Lawrence SELL has been appointed as a Non-Executive Director of the Company with effect from 17th October 2023. Mr. Sell, aged 47, has been the Chief Executive Officer of Hong Kong Aircraft Engineering Company Limited and a director of Hong Kong Aero Engine Services Limited ("HAESL") since July 2023. He will also be appointed as a director of John Swire & Sons (H.K.) Limited.

He was the Chief Executive Officer of HAESL from July 2021 to June 2023. Mr. Sell joined the John Swire & Sons Limited ("Swire") group in 1999 and has held various management positions with several Swire group companies in Hong Kong, Singapore, India and Europe. He holds a Bachelor of Arts degree in French and Italian from the University of Leeds.

In accordance with the Company's Articles of Association, Mr. Sell will hold office as a Director until the annual general meeting to be held in May 2024 (and will be eligible for election). Thereafter he will retire at the third annual general meeting following his election and will be eligible for re-election. Mr. Sell has entered into a letter of appointment, which constitutes a service contract, with the Company for a term expiring on the date of the annual general meeting at which he will retire, which will be renewed for a term of three years upon each election or (as the case may be) re-election.