SANYA HAINAN (UNDER DEVELOPMENT) A joint-venture partnership with the world’s largest duty-free operator, CDF Investment & Development Co. Ltd (“CDFID”), a subsidiary of China Tourism Group Duty Free Corporation Limited (“CTG Duty Free”), sees Swire Properties embark on its eighth large-scale commercial development in the Chinese Mainland: a new premium retail hub in Sanya, Hainan. Located in the heart of Haitang Bay National Coastal Recreation Park, the site will be developed as a resort-style, retail-led development, with phased completion starting in 2024. PAGE 98 SWIRE PROPERTIES