DIRECTORS’ REPORT The Directors submit their report together with the audited Company’s share registrars, Computershare Hong Kong financial statements for the year ended 31st December Investor Services Limited, 17th Floor, Hopewell Centre, 2022, which are set out on pages 134 to 203. 183 Queen’s Road East, Hong Kong, for registration not Principal Activities later than 4:30 p.m. on Tuesday, 4th April 2023. To facilitate the processing of proxy voting for the The principal activities of Swire Properties Limited and its annual general meeting to be held on 9th May 2023, the subsidiaries are: (i) property investment, that is the register of members will be closed from 4th May 2023 to development, leasing and management of commercial, 9th May 2023, both days inclusive, during which period retail and some residential properties; (ii) property trading, no transfer of shares will be effected. In order to be that is the development and construction of properties, entitled to attend and vote at the annual general principally residential apartments, for sale; and (iii) meeting, all transfer forms accompanied by the relevant investment in and operation of hotels. share certificates must be lodged with the Company’s The principal activities of the Company’s principal share registrars, Computershare Hong Kong Investor subsidiary, joint venture and associated companies are Services Limited, 17th Floor, Hopewell Centre, 183 shown on pages 201 to 203. An analysis of the Group’s Queen’s Road East, Hong Kong, for registration not later performance for the year by reportable business segment than 4:30 p.m. on Wednesday, 3rd May 2023. and geographical area is set out in note 8 to the financial Business Review statements. A fair review of the Group’s business, a description of the Consolidated Financial Statements principal risks and uncertainties facing the Group, The consolidated Financial Statements incorporate the particulars of important events affecting the Group that financial statements of the Group together with the Group’s have occurred since the end of the financial year and an interests in joint venture and associated companies. Details indication of the likely future development of the of the joint venture and associated companies are provided Group’s business (including, in each case to the extent in notes 20 and 21 to the financial statements. necessary for an understanding of the development, performance or position of the Group’s business, key Dividends performance indicators) are provided in the sections of this annual report headed Chairman’s Statement, Chief The Directors have declared a second interim dividend of Executive’s Statement, Key Business Strategies, Review HK$0.68 per share which, together with the first interim of Operations, Financial Review and Financing and in the dividend of HK$0.32 per share paid in October 2022, notes to the financial statements. To the extent amount to full year dividend of HK$1.00 (2021: HK$0.95) necessary for an understanding of the development, per share. The second interim dividend will be paid on performance or position of the Group’s business, a Thursday, 4th May 2023 to shareholders registered at the discussion of the Group’s environmental policies and close of business on the record date, being Thursday, 6th performance and an account of the Group’s key April 2023. Shares of the Company will be traded ex- relationships with its employees, customers and dividend as from Monday, 3rd April 2023. suppliers and others that have a significant impact on The Company’s dividend policy is to deliver sustainable the Group and on which the Group’s success depends growth in dividends and to pay out approximately half of are provided in the section of this annual report headed our underlying profit in ordinary dividends over time. Sustainable Development, and a discussion of the Group’s compliance with the relevant laws and Closure of Register of Members regulations that have a significant impact on the Group is provided in the sections of this annual report headed The register of members will be closed on Thursday, 6th Sustainable Development, Corporate Governance, Risk April 2023, during which day no transfer of shares will be Management and Directors’ Report. Detailed effected. In order to qualify for entitlement to the second information on the Group’s sustainability performance is interim dividend, all transfer forms accompanied by the provided in the Sustainable Development Report 2022. relevant share certificates must be lodged with the 114