MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) Performance (Economic) Expanding The House Collective brand Swire Hotels consistently sets benchmarks for success and continuously works to attract guests, visitors and diners through high-quality experiences. In 2022, Swire Hotels announced a growth plan to extend the established hotel brands into other cities on a management agreement (“HMA”) basis. Two new hotels will be operated under this business model. The first hotel will open in Shenzhen in 2025, while another new hotel in Tokyo is scheduled for completion in 2027. The new hotel in Shenzhen, under The House Collective Brand, will offer 115 guestrooms and 44 serviced residences with stunning views of Shenzhen Bay. It will be a major component of a premium mixed-use development comprising Grade-A office towers and an events and exhibition space. The Company also entered into a collaboration with Tokyu Corporation and Tokyu Department Store (“the Tokyu Group”) and L Catterton Real Estate (“LCRE”) to develop the new hotel in Tokyo under The House Collective brand. Located on the site of the iconic Tokyu Department Store’s flagship store, the new House will be part of the Shibuya Upper West Project on the edge of the fashionable Shibuya district. The project aspires to become Tokyo’s first true “urban retreat” – an enclave of peace and relaxation amid the bustle of the city. As well as combining a hotel and residences with high-quality retail, unique dining and arts and cultural facilities, environmental and sustainability objectives are central to the project, which aims to secure international certifications. SUSTAINABLE DEVELOPMENT REPORT 2022 48