SWIRE PROPERTIES ANNUAL REPORT 2023 Risk Management Process The following diagram illustrates the key risk management processes of the Company. Risks that impact the achievement of business objectives are identified by management and categorised with reference to a risk taxonomy. Risk Identification Risk assessment matrix is Adequacy and effectiveness Risk Risk established in accordance with the of risk management and internal Company’s Risk Appetite to controls are closely monitored Monitoring Analysis evaluate and prioritise the risks by management through in terms of impact and regular review exercise. vulnerability, and documented in corporate risk register. Risk Risk Reporting Mitigation Risks are regularly reviewed Internal control procedures and and reported to the Audit response protocols are designed, Committee and other relevant documented and implemented governing parties. to manage the risks and mitigate their impact. 113