HISTORY AND MILESTONES FOUNDATIONS TRANSFORMATION Swire opened its first Hong Kong office at No.1 In 1972, the closure of both the refinery and dockyard in Connaught Road in 1870. In 1882, to satisfy Asia’s Quarry Bay prefaced a new Company, Swire Properties. growing demand for cane sugar, Swire built the Taikoo The birth of this Company led to the creation of Taikoo Sugar Refinery on the waterfront in Quarry Bay. The Shing, one of the first large-scale private residential need to repair their Chinese Mainland fleet led to developments in Hong Kong; Cityplaza, an original retail the construction of the Taikoo Dockyard in the same concept that created a comprehensive mall under one district, which was at the time the largest and most roof; and the transformation of a barracks into Pacific sophisticated dockyard in the region. Place. These milestones in Swire Properties’ history would shape the Company’s business strategy in the years to come, re-defining the concept of placemaking mixed-use developments in the region. PAGE 124 SWIRE PROPERTIES