We also remain opportunistic regarding expansion Conclusion opportunities in South East Asia, with the aim of building As we close the final chapter of a very memorable 2022, our presence in four core cities – Singapore, Bangkok, I would like to thank our shareholders, partners, and Jakarta and Ho Chi Minh City. We have been making the wider community for your support over the past steady progress, with two projects currently in sale and five decades. development in Ho Chi Minh City, and a luxury residential project launched for sale in Jakarta. In February 2023, Under our HK$100 billion investment and strategic plan, we were delighted to announce our first investment in we are well-positioned to pursue new opportunities to grow Bangkok, with a 40% acquisition of a rare freehold plot in our business over the next decade. The reopening of Hong the city’s core central business district. We are excited to Kong and the Chinese Mainland signals the beginning of a work with our local partners to develop a unique luxury new post-pandemic era for our business, and we remain residence in the Thai capital. Looking ahead, we will optimistic for a recovery across our key markets, and are continue to seek out prime opportunities for future ready to capture new opportunities as they arise. investment in these markets. I would also like to express my gratitude to the team at A New Era in ESG Leadership Swire Properties for their dedication over the past year in the face of many challenges. Our 50th anniversary was The implementation of our SD 2030 Strategy in 2016 a great year of celebrations with our community, and has seen us advance rapidly to become a sustainability I commend our team for their creativity and passion in leader – ranking number one in Asia, and four in the world hosting such a fantastic calendar of events to mark this amongst our peers under the Dow Jones Sustainability important milestone in our proud history. World Index. I will leave it to Tim to touch on the specifics, but increasing our climate resilience remains of paramount Guy Bradley importance, and we are committed to our ambitious 1.5°C-aligned science-based targets and our transition to Chairman net-zero. As we continue to set the bar higher, the goal Hong Kong, 9th March 2023 becomes harder to achieve; I am grateful to our teams for their support as they continue to push the envelope to advance our SD agenda. I would also like to take this opportunity to thank a group of young people who made an indelible contribution to Swire Properties this year. When we speak of sustainable development, we must think about the next generation of talent. Our 50th anniversary celebrations offered an exceptional opportunity to collaborate with talented young people on a host of special events, including the White Christmas Street Fair and the Hong Kong Palace Museum’s Bi-city Youth Cultural Leadership Programme. We look forward to continuing these partnerships in the years to come, and to offering a platform to empower our youth and nurture their role as future leaders in Hong Kong. 23 SWIRE PROPERTIES ANNUAL REPORT 2022