MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS NEW BUND PROJECT, SHANGHAI Development Highlights YANGJING AND NEW BUND PROJECTS New Mixed-Use Landmarks in The Heart of Pudong, Shanghai The Yangjing and New Bund Projects are set to be The New Bund Project is situated within Shanghai’s middle- developed into large-scale, mixed-use projects, comprising ring road and at the intersection of three Shanghai Metro retail, office and premium residential components. lines. Directly opposite to Taikoo Li Qiantan, this project will Located along the Huangpu River, the Yangjing Project has enhance the Company’s efforts to transform the area. deep historical significance for the Swire Group – as it was The two Shanghai investments are a new milestone in the location of the Taikoo Wharf in the early to mid-1900s. Swire Properties’ HK$100 billion investment plan, which is Swire Properties will rejuvenate the area, and debut the driving the Company’s growth over the next decade. Swire Company’s signature upscale residential brand, in the Properties acquired a 40% equity interest in each project, Chinese Mainland market, at this location. in partnership with the Lujiazui Group. The expected completion date for the New Bund Project is from 2025; and phased completion from 2027 for the Yangjing Project. 64