202 PRINCIPAL SUBSIDIARY, JOINT VENTURE AND ASSOCIATED COMPANIES Showing proportion of capital owned at 31st December 2024 Attributable to the Group % Owned directly % Owned by subsidiaries % Issued and fully paid up shares/Registered capital Principal activities Subsidiary companies: Incorporated in Hong Kong with limited liability and operating in Hong Kong: Achieve Bright Limited 100 100 – 100 shares (HK$100) Property trading Citiluck Development Limited 100 – 100 1,000 shares (HK$1,000) Property investment Cityplaza Holdings Limited 100 100 – 100 shares (HK$1,000) Property investment Coventry Estates Limited 100 – 100 4 shares (HK$40) Property investment Joyful Sincere Limited (d) 80 – 100 1 share (HK$1) Property trading One Queen’s Road East Limited 100 – 100 200 shares (HK$200) Property investment Pacific Place Holdings Limited 100 100 – 2 shares (HK$2) Property investment Redhill Properties Limited 100 100 – 250,000 shares (HK$7,300,000) Property investment Swire Properties (Finance) Limited 100 100 – 1,000,000 shares (HK$1,000,000) Financial services Swire Properties Management Limited 100 100 – 2 shares (HK$20) Property management Swire Properties MTN Financing Limited 100 100 – 1 share (HK$1) Financial services Swire Properties Real Estate Agency Limited 100 100 – 2 shares (HK$20) Real estate agency Taikoo Place Holdings Limited 100 100 – 2 shares (HK$2) Property investment Incorporated in the Chinese Mainland with limited liability and operating in the Chinese Mainland: (Sino-foreign joint ventures) Taikoo Hui (Guangzhou) Development Company Limited(b) 97 – 97 Registered capital of RMB3,550,400,000 Property investment Xi’an Tengyun Real Estate Company Limited(b) 70 – 70 Registered capital of RMB3,653,743,600 Property investment (Wholly foreign owned enterprises) Beijing Anye Property Management Company Limited(b) 100 – 100 Registered capital of RMB160,170,485.20 Property investment Beijing Sanlitun Hotel Management Company Limited(b) 100 – 100 Registered capital of RMB800,000,000 Property investment Beijing Sanlitun North Property Management Company Limited(b) 100 – 100 Registered capital of RMB2,784,000,000 Property investment Beijing Sanlitun South Property Management Company Limited(b) 100 – 100 Registered capital of RMB1,598,000,000 Property investment Chengdu Qianhao Real Estate Company Limited 100 – 100 Registered capital of US$329,000,000 Property investment Sunshine Melody (Guangzhou) Properties Management Limited 100 – 100 Registered capital of RMB295,000,000 Property investment Swire Properties (China) Investment Company Limited(b) 100 – 100 Registered capital of US$30,000,000 Holding company (Domestic company) Beijing Tianlian Real Estate Company Limited(b)(d) 100 – 100 Registered capital of RMB865,000,000 Holding company Notes: (a) This table lists the principal subsidiary, joint venture and associated companies of the Group including those which, in the opinion of the Directors, materially contribute to the net income of the Group or hold a material portion of the assets or liabilities of the Group. To give full details of these companies would, in the opinion of the Directors, result in particulars of excessive length. (b) Translated name. (c) Group interest held through joint venture and associated companies. (d) Companies the accounts of which are not audited by PricewaterhouseCoopers. These companies accounted for approximately 6.5% of attributable net assets at 31st December 2024.