Issue 03 / 2020

A healthy investment ’s first foray into healthcare Tea trailblazer How education opened doors for Finlays staffer TrustTomorrow Supporting positive change

A sparkling future Salute to 55 years of partnership

High-flying pioneer The journey from cabin to flight-deck

Art for everyone Making space for accessible art 1 1 contents CORPORATE NEWSWIRE CORPORATE NEWSWIRE ISSUE 03 / 2020

Food and hygiene packs are being distributed to the needy amid the pandemic. Photo courtesy: The Coca-Cola Company.

Swire makes first foray into the healthcare sector with its investment in Trusting in a better tomorrow Columbia China, a company which develops and operates hospitals, clinics Since Swire began operating in Kong 150 years programmes that will benefit over 100,000 Hong and senior housing. The facility pictured is Columbia China’s upcoming senior housing project in Suzhou. More on page 16. ago, the group has been steadfast in its commitment Kong people through 85 organisations. to the city – not just as a long-term investor, but as a supportive and caring corporate citizen. The Swire TrustTomorrow programmes are grouped under Group Charitable Trust (“Swire Trust”) is launching a three themes: new funding initiative, TrustTomorrow, as part of our 1) Food and hygiene: programmes that aim to supply ongoing pledge to give back to the community that has the underprivileged with basic and immediate 01 16 21 24 31 helped us to thrive over the past century and a half. needs, such as food support, and antiviral coating spray for special schools and the tenants NEWSWIRE CENTRE STAGE INSIDER PEOPLE 150TH TrustTomorrow’s long-term vision is to support of subdivided residential units. ANNIVERSARY inspirational new projects that aim to motivate IN HK positive change in the areas of Education, Marine 2) Family wellbeing: programmes that address the Conservation and the Arts. At the same time, we are need for social connection as a result of prolonged committed to supporting those vulnerable groups in social distancing, by providing online leisure society where help is most needed. In recent months, activities for children and their families supported Editor the global COVID-19 pandemic has dramatically by partner NGOs. Cindy Cheung impacted the lives of every single person in . For some in our community, daily life has 3) Building social capital: programmes that enhance been a real struggle. As a result, TrustTomorrow’s NGOs’ abilities to connect people and provide Deputy Editor Charlotte Bleasdale immediate focus has been on providing practical opportunities, by increasing their digital capacity. and timely assistance to those most affected by the The Swire group is a multinational, multi-disciplined commercial group, with its principal areas of operations in the Asia Pacific region, and centred on the Greater China area. Hong Kong is pandemic, teaming up with many of our non-profit But TrustTomorrow is about more than providing home to publicly quoted Swire Pacific, whose core businesses are grouped under five operating Design I Production Barry Chu partners and other change-makers in the social pandemic relief. As we mark Swire’s 150th divisions: property, aviation, beverages, marine services, and trading & industrial. John Swire & Sons sector. anniversary in Hong Kong in 2020, we will be Limited, headquartered in the UK, is the parent company of the group. In addition to its controlling shareholding in Swire Pacific, John Swire & Sons Limited operates a range of wholly-owned adding more new programmes and initiatives to the businesses, including deep-sea shipping, cold storage, offshore and road transport logistics services, During the first half of 2020, when we witnessed the TrustTomorrow portfolio that reflect our focus on waste to energy, mining services, and beverage ingredients with main areas of operation in , early onset of the pandemic, the Swire Trust provided Education, Marine Conservation and the Arts. Our Papua New Guinea, East Africa, Sri Lanka, the USA and the UK. funding amounting to HK$15 million to support hope is that TrustTomorrow will not only support projects that benefitted over 122,000 people through Hong Kong during the present challenging times, is published in Hong Kong, by the Swire Group Public Affairs Department. more than 400 different organisations. but also bring lasting benefits and opportunities so To view the digital version, please go to www.swire.com/swirenews our children may enjoy a better tomorrow. We’ll be The latest TrustTomorrow initiatives, to be rolled keeping you posted with the latest news and updates out in late September, will fund another round of on the progress of this new community initiative in Copyright©2020 pandemic relief, pledging HK$14 million to support future issues of Swire News.

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COVID update: helping those at risk In the last issue of Swire News, we the most remote and vulnerable through local shipping agency, end of June, USCS had provided been disproportionately hard-hit by to individuals at high-risk, who highlighted efforts by the group’s communities in India – funding Tropical Agency Limited, CNCo over 2,000 meals through local COVID-19. In April, Swire Coca-Cola have been isolating at home. Via Greater China businesses to support the purchase and distribution of has donated to Port Vila social businesses and had also teamed delivered 30,000 litres of Dasani its wholesale customer Brakes communities worst affected by personal protective equipment enterprise, Mamma’s Laef Vanuatu, up with a restaurant to provide 130 Water and two pallets of Coca- Foodservice, Finlays supplies tea COVID-19. In this edition, we look at ("PPE") kits for frontline health which makes face masks, as well meals to frontline healthcare staff Cola beverages to the community, for the packages, which have been a few of the initiatives taken by other workers in the city of Bangalore. as reusable women’s sanitary at a local hospital, in order to show with a second delivery of 36,000 a vital service for the elderly and Swire operating companies around products. support and appreciation for their litres of Dasani made in June. The vulnerable who have no other the world. With the need to follow In Papua New Guinea, CNCo has efforts. USCS has also partnered Navajo Nation is a Native American means of obtaining groceries. specific national and sometimes donated funds to the Accident United States Cold Storage with a food manufacturer customer, territory covering about 71,000 state requirements and guidelines, and Emergency department at The USA has seen a rapid spread facilitating deliveries of free meals km², where Swire Coca-Cola, USA Argent Energy every company’s experience has ANGAU Hospital in Lae to purchase of the disease leading to a huge to two local food banks in Florida is also supporting long-term tribal With many annual fundraising been different. But even while much-needed PPE for medical increase in unemployment and food and Dallas, as well as a daybreak efforts to modernize irrigation events cancelled because of the facing their own challenges, Swire staff, including gloves and surgical insecurity. New Jersey-based United centre in Illinois. systems through the Bonneville virus, UK charities are facing a companies have continued to masks, as well as pulse oximeters. States Cold Storage (“USCS”) has Environmental Foundation’s funding crisis. Recognising this, address the needs of less fortunate In the nation’s capital, Port Moresby, risen to these challenges by helping Swire Coca-Cola, USA work along the Colorado River. staff at biodiesel producer, Argent sectors of the wider community. the General Hospital’s Paediatric to maintain a safe and reliable food Swire Coca-Cola, USA has also Additional donations of bottled Energy, took a creative approach Department was severely under- supply chain. The company has rallied to show support to the water were made to the White to fundraising by undertaking The resourced following the diversion of been providing essential distribution communities it serves. The company Mountain Apaches and Hopi Nation gruelling ‘lockdown’ running and The group’s oldest operational medical equipment to COVID care. services to its food manufacturing has funded meals for children communities in Arizona. cycling challenges in their own company, - CNCo has enabled the children’s unit customer base, as well as ensuring who have missed them due to gardens or neighbouring streets. headquartered, China Navigation to purchase blood pressure sets, local communities have access to school closures, distributed plastic Finlays Thanks to the generosity of their (“CNCo”), has been one of the pulse oximeters, weighing scales, IV food. In March, USCS fully funded sheeting to make PPE for healthcare The pandemic has also taken colleagues, matched by Argent, most proactive in supporting the drop stands, digital thermometers, one month’s operating expenses workers, provided face masks and a savage toll in the UK, where they have raised over £2,500 communities it serves across the baby blankets and CPAP neonatal for a local food bank, enabling hand sanitiser, and donated bottled Swire companies have found a for NHS Charities Together, an Asia-Pacific region, earmarking masks. The company has also the charity to feed 90 families a water and other beverages to range of ways to assist response association of charities that a total of US$50,000 to aid front- funded handwashing stations at week. By April, the company had healthcare workers and vulnerable efforts. International natural support Britain’s National Health liners in the fight against COVID-19. the Red Cross Society’s Special developed a strategic plan to fund communities across the 13 states beverage supplier Finlays has been Service, its staff, volunteers and In India, which has seen a spike Education Resource Centre for neighbourhood restaurants to where it operates. One of the largest supporting the UK Government’s patients. in COVID cases to become one children with special needs in Port prepare and deliver meals to needy consignments has been delivered nationwide care-package scheme, of the most affected countries Moresby. Meanwhile, in Vanuatu, families sheltering in place. By the to the Navajo Nation, which has which provides essential supplies globally, CNCo’s Mumbai liaison office has been supporting the Annapurna Movement, a volunteer- led organisation tackling the virus-related hunger challenge Swire Coca-Cola, USA facilitated the donation faced by the daily-wage labourers of bottled water to who live in the city’s shanties. the Navajo Nation to combat the territory’s Distributing thousands of cooked CNCo’s Country water shortage during Manager, Nithin the coronavirus meals and grocery packages every Menon (left) hands outbreak. day, the movement has provided over a cheque for 150,000 rupees a lifeline for underprivileged (US$2,000) to volunteers from clusters of migrant workers across the Annapurna the metropolis. CNCo has also Movement. supported non-profit SEEDS – known for its work with some of

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2020 Interim Results Swire Pacific Limited Limited Underlying profit attributable to shareholders, Six months ended Six months ended offset the adverse effect of COVID-19 on demand for which principally adjusts for changes in the 30th June 30th June maintenance and repair services at most HAECO valuation of investment properties, decreased Group companies. HK$M Change HK$M Change by HK$14,853 million from HK$18,606 million in Revenue 6,551 -13% 39,056 -9% the first half of 2019 to HK$3,753 million in the Revenue Swire Coca-Cola’s profit of HK$946 million in the first half of 2020. Recurring underlying profit Profit attributable to the (Loss)/profit attributable to the first half of 2020 was 26% higher than in the first half (which excludes the profit on sale of interests in of 2019. Disregarding a withholding tax payment in Company’s shareholders Company’s shareholders investment properties) was HK$3,702 million in the the first half of 2019, the increase would have been Underlying 3,753 -80% Underlying (loss)/profit (5,485) -135% first half of 2020, compared with HK$4,049 million 14%. Business was adversely affected by COVID-19, in the first half of 2019. Recurring underlying 3,702 -9% Recurring underlying (loss)/profit (123) -103% but recovered strongly, particularly in the Chinese mainland. HK$ Change HK$ Change The decrease in underlying profit principally (Loss)/earnings per share reflects the absence in the first half of 2020 of Earnings per share The recurring loss of the Marine Services Division the significant profits on the sale of investment Underlying was HK$631 million in the first half of 2020, Underlying 0.64 -80% properties in Hong Kong which were made in the “A” share (3.65) compared to HK$583 million in the first half of 2019. Recurring underlying 0.63 -9% -135% first half of 2019. “B” share (0.73) The figures exclude impairment charges of HK$4,345 HK$ Change million in the first half of 2020 and gains or losses on Recurring underlying profit from property HK$ Change disposal of vessels and equipment in both first half First interim dividend per share 0.30 +3% investment increased slightly in the first half of First interim dividends per share periods at Swire Pacific Offshore. Demand for oil has 2020. This principally reflected lower operating fallen significantly as a result of COVID-19. In view “A” share 0.70 costs and finance charges. Gross rental income -48% of the deteriorating industry conditions, a review of “B” share decreased by 4% (to HK$6,101 million in the first 0.14 the carrying value of the fleet and other assets was half of 2020, compared with HK$6,346 million in the undertaken and the above significant impairment first half of 2019). This mainly reflected lower retail charge was made. rental income from Hong Kong and the Chinese mainland. This in turn reflected lower retail sales The business environment in the first half of 2020 Disregarding non-recurring items, the Trading & and rental concessions as a result of COVID-19. The was extremely challenging. COVID-19 had a material Industrial Division made an attributable loss of gross profit margin percentage improved slightly, adverse effect on a number of our businesses. The HK$32 million in the first half of 2020, compared reflecting a reduction in operating costs in the Group recorded an underlying loss of HK$5,485 to a profit of HK$60 million in the first half of 2019. Chinese mainland. million in the first half of 2020, compared with an Swire Resources in particular was badly affected by underlying profit of HK$15,846 million in the first half COVID-19. of 2019. The loss was primarily due to the Group’s The small underlying loss from property trading share of the loss made by (which in the first half of 2020 resulted from sales and included a significant impairment charge) and to marketing expenses in Singapore and losses a significant impairment charge at Swire Pacific relating to residential units in the USA. Offshore. Disregarding significant non-recurring items in both years, the Group recorded a recurring Hotels recorded a loss in the first half of 2020 underlying loss of HK$123 million in the first half of compared with a profit in the first half of 2019 due 2020, compared with a profit of HK$4,226 million in to the drastic effect on occupancy and revenue of the same period in 2019. COVID-19.

The HAECO Group reported an attributable profit of HK$534 million in the first half of 2020, compared with HK$535 million in the same period of 2019. Disregarding impairment charges of HK$21 million in respect of rotable aircraft parts in the first half of 2020, the recurring profit of HAECO increased. Financial assistance from governments in Hong Kong and the USA and a higher profit at HAESL more than

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Cathay Pacific Airways Limited Senior management appointments

Despite a promising start in January, with encouraging Six months ended Cathay Pacific Group Steamships Trading Company signs that passenger demand was beginning to return 30th June Change Patricia Hwang has been appointed Director Rupert Bray has been appointed Managing People. Director. following the social unrest which impacted the second Revenue HK$ million 27,669 -48.3% half of 2019, the first six months of 2020 were the most (Loss)/profit attributable challenging that the Cathay Pacific Group has faced in Alex McGowan has been appointed Director Mike Scantlebury has been appointed its more than 70-year history. The impact of COVID-19 to the shareholders HK$ million (9,865) -11,212 Service Delivery. Finance Director. on the Group’s business and the global economy is Change unprecedented. The global health crisis has decimated Tom Owen has been appointed Director Cargo. the travel industry and the future remains highly (Loss)/earnings per share HK cents (250.8) -285.0 The China Navigation Company Chris Daniells has been appointed uncertain, with most analysts suggesting that it will take Change HAECO Group years to recover to pre-crisis levels. Development Director. Dividend per share – -100.0% Raymond So has been appointed Group Director Human Resources. The Cathay Pacific Group’s attributable loss was Stephen Lauchlan has been appointed Finance Director, Swire Bulk. HK$9,865 million in the first half of 2020 (2019 first half: between capacity and demand in the cargo market, Swire Coca-Cola profit of HK$1,347 million). Cathay Pacific and Cathay which led to higher cargo revenues compared to the Dragon reported a loss after tax of HK$7,361 million in Hunter Jin has been appointed Executive first half of 2019. Cargo revenue in the first half of 2020 Director – Hong Kong and with effect John Swire & Sons Thailand & Myanmar the first half of 2020 (2019 first half: profit of HK$675 was HK$11,177 million, an increase of 8.8% compared million), and the share of losses from subsidiaries and from 1st March 2021. Mr Jin replaces Neil Tom Woolsey has been appointed Chief to the same period in 2019. Available cargo tonne Waters, who will retire at the end of April Representative. associates was HK$2,504 million (2019 first half: profit kilometres (“ACTK”) capacity decreased by 31.0%, of HK$672 million). 2021. reflecting the considerable loss of available capacity as a result of the extensive cuts to the Group’s passenger The loss for the first half of 2020 is net of the receipt schedule. Typically, approximately half of the Group’s of HK$1,060 million of COVID-19 related government cargo is carried in the bellies of its passenger aircraft. Toby Smith has been appointed Deputy grants globally and includes impairment and related As a result, overall tonnage carried decreased by 31.9% Chairman. charges of HK$2,465 million relating to 16 aircraft that to 667 thousand tonnes. The load factor increased 5.9 are unlikely to re-enter meaningful economic service percentage points to 69.3%. Brian Williams has been appointed Senior again before they retire or are returned to lessors, and Advisor. to certain airline service subsidiaries’ assets. Dean Winter has been appointed Managing Passenger revenue decreased by 72.2% to HK$10,396 Director. million in the first half of 2020. Revenue passenger kilometres (“RPK”) traffic decreased by 72.6%. This loss of revenue reflects the precipitous drop in passenger demand resulting from the extensive travel restrictions, border controls and quarantine arrangements which were implemented around the world in response to Thriving together the COVID-19 pandemic. In total, the Group carried 4.4 Swire Pacific’s Sustainability Report 2019 inclusion. Its five focus areas are: gender and million passengers in the first six months of the year, was published in June, measuring the group’s gender identity, ethnicity, age, disability and sexual 76.0% fewer than in 2019. The load factor also dropped attainments against the commitments made orientation. The group aims to build a diverse and significantly, to 67.3% from 84.2% in the first half of under its SwireTHRIVE strategy. Introduced in inclusive workplace, to be recognised as a leader 2019. In April and May the Group was carrying an 2016, SwireTHRIVE focuses on environmental in diversity and inclusion, and to promote diversity average of only around 500 passengers a day. sustainability: facilitating long-term growth by and inclusion in its supply chains. conserving natural resources and exploring For further details see: Cargo yield increased by 44.1% to HK$2.71 in the opportunities for innovation in order to increase https://www.swirepacific.com/sdreport/2019/ first six months of the year. There was an imbalance efficiency, minimise waste and reduce the group’s carbon footprint. In 2019, Swire Pacific The latest sustainability reports from other Swire This document may contain certain forward-looking statements that reflect the Company’s beliefs, plans or expectations about the future or future events. These forward-looking statements outperformed its carbon reduction target by 1.83% group companies can be viewed at are based on a number of assumptions, current estimates and projections, and are therefore subject to inherent risks, uncertainties and other factors beyond the Company’s control. The actual and recycled 14.5% more waste across the group https://www.swire.com/en/sustainability/sd_ results or outcomes of events may differ materially and/or adversely due to a number of factors, including changes in the economies and industries in which the Group operates (in particular in Hong Kong and the Chinese mainland), macroeconomic and geopolitical uncertainties, changes in the competitive environment, foreign exchange rates, interest rates and commodity prices, and compared with 2018. During 2019, Swire Pacific overview.php#sd_reports the Group’s ability to identify and manage risks to which it is subject. Nothing contained in these forward-looking statements is, or shall be, relied upon as any assurance or representation as to also developed a framework for diversity and the future or as a representation or warranty otherwise. Neither the Company nor its directors, officers, employees, agents, affiliates, advisers or representatives assume any responsibility to update these forward-looking statements or to adapt them to future events or developments or to provide supplemental information in relation thereto or to correct any inaccuracies.

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Nurturing young talent Cathay Pacific recapitalisation The Swire China Scholarships for the 2020-2021 joining the existing 30 scholars who are already On 9th June, Cathay Pacific Airways academic year opened their applications from July studying at Chinese mainland universities under the announced a HK$39 billion recapitalisation to September this year. Swire announced that the scheme. plan that will help the airline maintain its number of participating universities has more than competitiveness and operations, while doubled this year, expanding from 13 to 30 and now Established in 2017 to enable Hong Kong students continuing its commitment to Hong Kong including Peking University, Tsinghua University, to pursue tertiary studies at leading academic as an international aviation, financial and Fudan University, Zhejiang University, Wuhan institutions on the Chinese mainland, the commercial hub. University, Sun Yat-sen University in Guangzhou, scholarship scheme is part of Swire’s commitment Xiamen University and Sichuan University in to providing educational opportunities for young The recapitalisation plan comprised three Chengdu, amongst other leading universities. Fifteen people as a means of investing in Hong Kong’s tranches: scholarships will be awarded by end of this year, future. • Tranche A: issue of preference shares with detachable warrants for HK$19.5 billion to the Hong Kong SAR Government. • Tranche B: HK$11.7 billion rights issue of shares to existing shareholders of Cathay Pacific. • Tranche C: a HK$7.8 billion bridge loan Building a greener world facility provided by the Hong Kong SAR In July, Swire Properties and Government, available for drawdown engineering/design group, Arup, Fostering sustainable growth immediately. collected the Silver award at the 2019 In August, Swire Properties signed a five-year HK$1 billion Green Loan Facility with Singapore- Hong Kong Green Innovations Awards Cathay Pacific Chairman Patrick Healy said: based Oversea-Chinese Banking Corporation for their collaboration on “Neuron”, an “We are grateful to the HKSAR Government’s Limited (“OCBC”) Bank. The partnership reflects the artificial intelligence platform that has capital support, which allows Cathay Pacific developer’s ongoing efforts to implement green enabled the creation of Hong Kong’s to maintain our operations and continue initiatives at its properties around the world and to first “smart” building. to contribute to Hong Kong’s international drive green financing in the real estate industry. As aviation hub status. We are also grateful to part of Swire Properties’ Sustainable Development Developed by Arup and first our shareholders for their confidence in the (SD) 2030 Strategy, the loan will fund ongoing implemented at One , long-term future of Cathay Pacific and in the green building developments and allow Swire Neuron unites the computational power ability of Cathay Pacific’s management team Properties to adopt the latest environmentally of A.I. with machine learning and serves to lead our airlines through what is the most friendly technologies, enabling further savings in as the office tower’s “digital brain”, challenging period in the Group’s history.” transforming the building’s operations energy and reductions in water usage and waste. by analysing large sets of historical data to establish trends that allow it One of the developments that will benefit from to forecast energy usage, optimise the partnership is Two Taikoo Place – Swire power systems, detect faults and Properties’ new triple Grade-A office tower, enable predictive maintenance. Neuron which is set to launch in 2022. The building has is the latest development in Swire incorporated many green features in its design and Properties’ ongoing “placemaking” has already earned triple platinum WELL, BEAM efforts to harness game-changing, Plus and LEED pre-certification. green technology in order to drive efficiency in its operations, reduce its Last year, Swire Properties became the first carbon footprint and create smarter company in Hong Kong to launch a sustainability- ecosystems that help people and linked loan against its year-on-year environmental, businesses perform better. social and governance (ESG) performance improvement targets. In 2018, the company issued its first green bond, which was the first in the city to obtain Green Finance Certification from the Hong Kong Quality Assurance Agency.

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Investment for capacity expansion In March, Swire Coca-Cola Zhengzhou signed an agreement with the Management Committee of the Zhengzhou High-tech Industrial Development Zone to build a new, world-class production facility, which will be Swire Coca-Cola’s third investment in Henan Province and its largest to date on the Chinese mainland. The new project covers an area of approximately 186 acres, with total investment Swire Coca-Cola expected to be over RMB 600 million. Innovative, Hubei has been named “2019 green technology will be incorporated throughout Best Bottler” by The modified Coca-Cola China. passenger cabin and Swire Coca-Cola is collaborating with Tsinghua of a Cathay Pacific University to ensure the new facility is as energy Boeing 777 aircraft. efficient as possible; it is also intended to attain LEED Gold certification for the plant. The new facility will be in operation within two years. Additional cargo capacity The expansion will also enable Swire Coca-Cola In July, HAECO Xiamen announced it had obtained Zhengzhou to expand its product portfolio in order 2019 Best Bottler approvals for a new design engineering solution to provide Henan consumers with a greater range Swire Coca-Cola Hubei received Coca-Cola China’s Cola’s more than 20,000 employees to be updated that will enable Cathay Pacific to utilise sections of product choices. prestigious annual Best Bottler Award at Swire about the company’s business performance and of its Boeing 777 passenger cabins to carry cargo. Coca-Cola (China)’s Mid-Year Town Hall Meeting, latest developments. A senior management team The modification involves the removal of economy Swire Coca-Cola has also recently expanded held on 24th July in the city of Wuhan in Hubei from The Coca-Cola Company also joined this year’s and premium economy seats to install cargo bags, capacity at its facilities at Hangzhou, Hefei, Huizhou Province. Staff from 16 plants and offices in other event, led by Mr Sanket Ray, Chief Operating Officer, which are secured with cargo nets, straps and and Zhanjiang – with a total of six new production Chinese mainland provinces joined the event Coca-Cola China and Mr Alejandro Nieto Bautista, other associated safety equipment. The design lines going into operation at an investment of RMB virtually. The mid-year meeting was centred on Franchise General Manager for the Swire Bottler is in line with Boeing’s Multi Operator Message 250 million. Swire Coca-Cola Beverages Hubei Wuhan, in order to recognise the efforts of local staff Group on the Chinese mainland. Mr Ray and Mr guidelines, with the modification kit directly in Wuhan is meanwhile installing a new plastic volunteers in combatting the COVID-19 pandemic. Bautista presented the award to representatives sourced and fabricated on site by HAECO Xiamen. bottle production line, which is scheduled to go into from Swire Coca-Cola Hubei. The alteration is covered by a Supplemental Type operation in May next year. Lead by senior management, the Town Hall event Certificate and has been approved by the Hong provides an annual opportunity for Swire Coca- Kong Civil Aviation Department (“HKCAD”); it also uses HAECO Xiamen’s HKCAD Part 21J Design Organisation Approval. Path to net zero In addition, HAECO Xiamen has obtained a ‘minor The second largest source of emissions was change approval’ from HKCAD, which will allow In July, Swire Oilfield Services (“SOS”) announced its strategy to deliver a carbon neutral operation found to be combustion from SOS’s fleet of cargo to be carried on the existing seat structures vehicles and forklifts and the company will begin of Cathay Pacific’s Airbus A330 aircraft. Both by 2030, with a 65% reduction in emissions by 2025. Specific initiatives are being mapped out transition from diesel to electric forklifts in 2021; solutions will allow the airline to utilise a greater this initiative is expected to remove some 700 number of its aircraft for cargo flights, enabling based on insights from SOS’ base-year carbon footprint assessment, conducted earlier this year. tonnes of carbon from its operations. With a firm Cathay Pacific to carry more essential goods timetable in place to achieve its carbon-neutral internationally during the COVID-19 pandemic. The analysis revealed that the bulk of emissions target, SOS is aiming to meet its responsibilities are generated by the production of new offshore to lessen impact on climate change, while containers and associated equipment, with ensuring the long-term sustainability of its the steel used in construction having a large business. carbon footprint. SOS is currently partnering with Aberdeen University to explore alternative materials that have lower embodied carbon, but equal or better performance, durability and cost.

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The art of giving In May, the Swire Group Charitable Trust Partnership for green (“Swire Trust”) received the Hong Kong construction Arts Development Council’s 2019 Award for In July, Swire Blue Ocean (“SBO”) signed Arts Sponsorship, recognising its efforts a contract with MHI Vestas Offshore in actively sponsoring arts education, Wind, a major player in the renewable arts accessibility and arts as a solution to energy field, for the transportation social issues, as well as encouraging the and installation of wind turbines on its development of the arts in Hong Kong. Seagreen Offshore Wind Farm off the coast of Scotland. With the aim of promoting an inclusive arts sector, the Swire Trust has sponsored a The project, which is a collaboration range of organisations and projects that The Swire Trust has provide opportunities for underprivileged supported the Arts

between MHI Vestas Offshore Wind, Image credit: Simon Brejnholt Mikkelsen, MHI Vestas Offshore Wind with the Disabled SSE Renewables and Total, is expected and disabled people to participate in Association Hong cultural activities. It is hoped that by Kong in its efforts to to become Scotland’s largest offshore foster social inclusion wind farm on completion, covering the creating a diverse and inclusive cultural and create equal environment, people of all abilities will have opportunities for energy needs of approximately one disabled artists. million homes. Seagreen is located 27 the chance to access, enjoy and participate kilometres off the east coast of Scotland in the arts. in some of the deepest waters yet to be utilised by the offshore wind market. SBO expects its jack-up vessel Pacific Orca to commence the installation of 114 V164-10.0 MW turbines in the Relief efforts recognised second half of 2021, with the project Swire Trust supported the running well into 2022. Hong Kong Council of Social Service in assisting NGOs in their COVID-19 response efforts and facilitate projects that are designed to benefit underprivileged members of society. John Swire & Sons Swire Bulk to become standalone business (HK) Director Public Affairs, The China Navigation Company (“CNCo”) is to separate Ultramax sectors. Swire Bulk has a further eight James Tong (third from out its dry bulk shipping activities from its liner new-built Handysize Oshima 37,000dwt vessels set right), represented the Swire shipping and fleet management business, with Swire to join the fleet from the fourth quarter of this year, Trust at the Caring Company Bulk being established as a standalone company and firm commitments from charterers out to 2038. Scheme award presentation headquartered in Singapore. The target date for ceremony held on 11th June the separation is 1st January 2021; John Swire & “Setting up Swire Bulk as a standalone business will to recognise business units Sons Limited will continue to be Swire Bulk’s parent give it the independence required for its continued for their efforts in combatting company. development as a high-quality global dry bulk the pandemic. The event operator,” said Sam Swire, Chairman of CNCo. was officiated by Mr Paul CNCo established Swire Bulk as a division of the “Market leadership in terms of the safety and quality Chan, the Hong Kong SAR company in 2012 and has grown the business rapidly of our operation and our sustainability commitments Government’s Financial over the last eight years. Following the acquisition of and initiatives with our partners will remain central Secretary (fourth from left). Hamburg Sud Tramp from Maersk Line in 2019, Swire to Swire Bulk’s business strategy”. Bulk has become the largest part of CNCo’s business, operating a fleet of up to 150 owned and chartered vessels, predominantly in the Handysize and Supra/

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Award-winning developments Building a caring community HKRI Taikoo Hui in has won Commercial set a new benchmark for the industry in terms of The Cathay Pacific Group has shown support for their food assistance programmes. The airline has Project of the Year at the RICS Awards China 2020, commercial collaboration based on an integrated a range of projects designed to help vulnerable donated meals with a value of over HK$75,000 and staff the leading industry award scheme organised mixed-use model, while driving the Jing’an District’s communities in Hong Kong. In May, 48 Cathay volunteers have assisted with the distribution of the by the Royal Institution of Chartered Surveyors. overall development. They highlighted the project’s Pacific staff volunteers assisted Christian Action food to over 1,800 households in need. Jointly developed by Swire Properties and HKR transformative power and describing it as “a perfect and The Hub Children & Youth Centre in an International, HKRI Taikoo Hui beat 17 other balance between cultural preservation, community initiative to distribute 259 iPads to children who finalists to win the coveted award, with the engagement, environmental conservation and asset need to study at home due to school closures. The judges commenting that the development has value”. Cathay volunteers also assisted the recipients by giving them basic tutorials on using the iPads, At the same event, Swire Properties’ Sichuan which were part of a larger donation of 500 iPads Community Centre received an Excellence Award in contributed by Cathay Pacific. Between May the Sustainability Achievement of the Year category and June, more than 150 volunteers supported and Sino-Ocean Taikoo Li Chengdu’s Technical Team Feeding Hong Kong by sorting, labelling and was a Finalist in the Facility Management Team distributing emergency food parcels to people in of the Year category. The RICS is a leading global need. More than 500 Cathay Pacific volunteers professional body in land, real estate, infrastructure have signed up to give their time to initiatives and construction and the RICS Awards are recognised that will make a positive impact in the Hong Kong as the most influential industry accolades recognising community. Cathay Pacific excellence in commercial property development on volunteers Tim Blackburn (third from left), Chief Executive Officer, Chinese the Chinese mainland. distribute mainland, Swire Properties, attended the RICS Awards China Meanwhile, HK Express has partnered with local iPads. Presentation Ceremony 2020. NGOs Food Angel and Food for Good to support

Outstanding employer New aid post for Mortlock Island In July, Swire Properties was voted Hong Kong’s In June, Steamships Trading Company Most Attractive Employer according to the 2020 announced funding to support the local Randstad Employer Brand Research. The survey community on Mortlock Island, an atoll found that the developer is highly regarded by job 240km northeast of Bougainville in Papua seekers for its financial health, strong reputation, New Guinea. The Steamships Community job security, career progression, interesting job Grants Programme is funding the cost of content and work-life balance. Swire Properties construction of an aid post on Mortlock has ranked amongst the top three contenders for at the cost of 110,000 Kina. The island this annual award since 2017. has been without an aid post building for more than 15 years and this project aims The recognition acknowledges Swire Properties’ to provide enhanced health services to the commitment to prioritising staff’s wellbeing and local population of around 600 inhabitants; happiness, coupled with great opportunities, so as Anna Thompson, Director, Human construction is expected to be completed to develop a diverse and industry-leading team. Resources at Swire before the end of 2020. The project is In line with its Sustainable Development (SD) Properties (left) in line with the Steamships Community 2030 Strategy, Swire Properties has launched receives the award on behalf of the Steamships Grants Programme’s commitment to a number of initiatives designed to enhance company. volunteers at Port of supporting local community initiatives in its people-centric approach, including flexible Buka in Bougainville check a consignment PNG, with a focus on health, education and working arrangements and “ideas@work” – a of building materials, social welfare. Because of climate change, company-wide programme that encourages staff before the final leg of its journey to residents on this low-lying island face an to suggest ideas that will help improve processes Mortlock Island. increasing threat from rising sea levels, and create better experiences. which may ultimately lead to the isolated community having to be relocated.

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A healthy outlook Accounting for around 20% of the beds in the country’s approximately 31,000 hospitals, the private healthcare sector on the Chinese mainland is growing at more than 20% per year. However, given that current healthcare spending represents only Guy Bradley chairs Swire Pacific’s Healthcare Advisory 6.5% of GDP (compared to around 10-12% of GDP in Board, which was established most developed nations, and as high as 17-18% of to oversee the group’s GDP in the US), the potential for growth is high. investment in the sector. And yet, despite its already significant size and rapid growth, it is an industry in which no clear As an international with a market leaders have yet emerged. “Only a few years diversified portfolio, Swire has a long history ago, private healthcare on the Chinese mainland of investing in market-leading businesses in a basically meant healthcare services for expat and variety of industries, particularly in Hong Kong high-net-worth individuals,” says David. “It’s only in and on the Chinese mainland. In addition to the last few years that we’ve seen the emergence the sectors the group is best-known for, such of mass market, quality private healthcare, with the as property, aviation and beverages, Swire is involvement of foreign investment.” In addition, it continually on the lookout for new opportunities is a sector where the Chinese government clearly that match its investment philosophy. The sees a role for private healthcare in offering high group’s recent investment in Columbia China, quality, value-added services and the ability to bring a Shanghai-based healthcare service provider in international expertise from overseas healthcare Columbia China opened its flagship that operates private hospitals, clinics and senior hospital in Wuxi last year. systems. “In a country which is becoming wealthier, care facilities, reflects the group’s diversification in which GDP growth is still very strong, and where strategy. the population is ageing, this is a very attractive sector from an investment perspective.” As David Cogman, Swire Pacific’s Development A healthy Director, explains, “About a year or so ago, we started looking at our overall portfolio and thinking about whether we wanted to add new investment businesses, and obviously the Chinese mainland was a very big part of that consideration.” One of the possibilities that stood out was It’s a sector healthcare services. Although this is Swire’s first venture into the healthcare sector, it is where quality, a move that bears many of the hallmarks of operational With its recent investment in Columbia China, Swire has made its first the group’s longstanding investment strategy. foray into the healthcare sector. Swire News talks to David Cogman, David explains: “The cycle for getting a greenfield excellence, Swire Pacific’s Development Director, and to Guy Bradley, Chief Executive hospital up and running is roughly five to eight commitment to years. It’s a long-term business. It requires service, brand of Swire Properties, who also chairs Swire Pacific’s newly established patience and skill. There are meaningful barriers to entry. It’s a sector where quality, operational and reputation Healthcare Advisory Board, about the thinking behind the partnership, David Cogman, Swire Pacific’s excellence, commitment to service, brand and Development Director, are all very and why the timing is right for the group to enter a new market with reputation are all very important. These tend to describes the healthcare business as a natural fit with be areas in which we do well, so there’s a natural Swire Pacific’s portfolio. important. significant growth potential. fit with the rest of our portfolio. Also, in China, we don’t have that many businesses that directly serve consumers, and this looked like a good opportunity to build up that part of our portfolio.”

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Columbia China’s facilities on the Chinese mainland

slated to open next year and as Guy observes, “The like Columbia China to set themselves apart by hospitals senior care facilities clinics overall project concept for the mall is wellness. We delivering premium healthcare services. ” are studying setting up healthcare centres in the 3 7 5 mall and exploring a number of other interesting Looking to the future, David Cogman says that Jiaxing Beijing Jiaxing opportunities. Swire Properties’ office portfolio has this will by no means be Swire’s only foray into Shanghai Ningbo Shanghai – Huangpu been pushing wellness with tenants for years, so healthcare. “As well as opportunities to further Wuxi Shanghai – Baoshan Shanghai – Jing’An the concept of healthcare and wellness fits well support Columbia’s growth in the River Shanghai – Pudong Shanghai – Pudong with us as a developer.” Delta, we are also looking for similar investments in other regions of China, for instance the Greater Bay Shanghai – Xuhui Wuxi Columbia China’s President and Group CEO, Area, or the West – we’ve already got investments Suzhou Bee Lan Tan, explains that the investment from in Chengdu and Chongqing, where we see a lot of Wuxi Swire provides the company with the support potential for growth. We are also looking for the and expertise necessary to take it to the next right opportunities in the ASEAN region.” level: “We are thrilled to be working with Swire to grow Columbia China. Swire’s many decades of “The healthcare investment also marks something investment and experience growing successful of a departure from the group’s traditional A clear focus China: their presence provides another layer of businesses in China brings a great deal of investment strategy,” concludes Guy Bradley. “In The group has established a Healthcare Advisory operational support, expertise and guidance to the credibility, insight and counsel that I believe will be the past, our policy has typically been to secure a Board to oversee this new venture, chaired by Guy management team. invaluable as we move forward.” controlling interest in a successful business within Bradley and including external advisors from the a sector in which we already have some experience. health sector. “Clearly we couldn’t spend years Apart from one senior care facility in Beijing, With Columbia, we are taking a minority position in a studying the industry, so our outside advisors Columbia China’s footprint is concentrated around Future direction ‘new’ industry that has significant potential. It’s the provide us with immediate access to expertise the Yangtze River Delta, where it owns and When asked how she sees China’s healthcare first of several minority investments that are in the and help us to steer development of this side of operates three hospitals (one each in Shanghai and sector developing in the next five to 10 years, pipeline and which we hope, over time, we can build the business,” says Guy. “There’s an obvious link Wuxi, with a third under development in Jiaxing), Ms Tan says, “China’s healthcare consumer is into substantial interests for the Swire group.” between healthcare and property development and five speciality or multi-speciality clinics (three becoming increasingly sophisticated and selective, management – one of the group’s core businesses. in Shanghai, one each in Wuxi and Jiaxing), and which we believe creates an opportunity for With healthcare real estate forming an expanding six senior care facilities (two in Shanghai, and high-quality, international-standard operators niche within the global real estate market, we want four more under development in Suzhou, Ningbo, to explore the opportunities that exist in the market Baoshan and Wuxi). This geographical focus was as well as the services aspect of it.” something that further piqued Swire’s interest.

Given Swire’s lack of experience in the healthcare “That was a big attraction for us”, says David. sphere, it was crucial to find the right partner for “Because you get the density and focus of one the group’s initial entry into the sector, which was region. And if you have to pick a region, Shanghai what led Swire to Columbia China. Established in is probably the best one to be in, because the local 2013, Columbia China is a joint venture between US government is very forward-thinking and quite healthcare provider Columbia Pacific Management experimental in how it addresses new sectors.” He (“CPM”) and Singapore’s Sheares Healthcare adds that such a geographical focus is also useful Group, which is in turn part of investment company in terms of recruitment, reputation-building and in Temasek Holdings. Specialising in developing and forming strong relationships with local government. operating hospitals, clinics and senior housing, CPM moved into the ASEAN market with the launch of Columbia China’s geographical presence also Columbia Asia in 1996, and grew to become the complements Swire’s existing connections and largest single-brand, pan-Asian private hospital sizeable property footprint in Shanghai. “A lot of company, owning and operating 28 private the growth of Columbia in Shanghai is going to be hospitals across India, Malaysia, Indonesia and around acquiring new sites and building them out. Vietnam. Sheares is an extremely experienced That’s something which we obviously have a lot of healthcare investor and Temasek has a long expertise in.” says David. Swire Properties’ second The senior care facility in Pudong offers residents a Columbia China’s multi-speciality clinic in Pudong provides quality medical care tranquil and elegant living environment, as well as from a team of international physicians. and highly successful history of investment in Shanghai mall, Taikoo Li Qiantan in Pudong, is comprehensive medical and nursing care.

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Thinking sustainable Tea trailblazer

Columbia China is not the only recent addition to ground pork. OmniPork has tapped into Sebastian Villan left school to work temporary jobs in the Argentinian to the Swire portfolio. As part of its research mainstream distribution channels ranging from countryside, before joining Casa Fuentes-Finlays as a tea farm Field into suitable new avenues for investment, the five-star hotels and fine dining restaurants, group looked at businesses that have a strong to fast food outlets and supermarkets. Cathay Assistant. Now a Health and Safety Analyst for Casa Fuentes-Finlays, sustainability element. This included exploring Pacific was the first airline to offer OmniPork on Villan describes his inspiring journey back into education. areas such as recycling, quality of life and food its inflight menus. OmniFoods has also recently supply, and ultimately led to a minority investment launched OmniPork Luncheon (luncheon meat) in Green Monday Holdings, a Hong Kong-based and OmniPork Strip (pork strips), as well as social enterprise that retails, distributes and OmniEat, a range of ready-to-eat meals. produces plant-based protein. The company was founded by David Yeung, the originator of “Plant protein is one of the things that has to the ‘Green Monday’ social campaign, which he happen for us to survive as a planet, because launched in 2012 to advocate for keeping at least conventional husbandry and agriculture is one day of the week meat-free. Green Monday largely unsustainable,” says Swire Pacific now operates across eight markets in Asia, Development Director, David Cogman. “Interest including the Chinese mainland, Hong Kong SAR, in plant-based protein is on the increase thanks Macao SAR, Taiwan region, Singapore, Thailand, to the growing popularity of vegetarianism and the and Japan and is looking to veganism, especially amongst millennials - a expand. trend that has been boosted by the new and improved meat-substitute products that have Green Monday owns and operates plant-based come onto the market in recent years.” He adds grocery stores and restaurants under the Green that unlike the ‘fake meat’ of the past, this new Can you tell us about your Common brand, selling vegan food and beverage generation of plant-based protein products is childhood and family? products such as Beyond Meat, Alpha Foods, more sophisticated and, crucially, has a much I spent my childhood in San Ignacio, Moving Mountains and Gardein, among others. more positive image among consumers. “We are a town in the province of Misiones in There are currently 11 retail outlets in Hong Kong very excited about the partnership with Green Argentina. I was one of ten children and over 11,000 points of sale internationally. Monday and look forward to further collaboration and we lived in a house surrounded A second business line is food tech business, with them across our group companies, with by fields and forests that belonged OmniFoods, which has developed its proprietary the ultimate goal of promoting sustainable and to my father’s employer. My product OmniPork, a plant-based alternative healthy living”. father was a rural worker and my mother was a housewife. My childhood was quite different from my schoolmates: helping with household chores, feeding our animals and going with my mother to wash clothes in the stream. We grew up in humble conditions but were raised with values such as respect and honesty.

How did you come to work at a tea farm? I grew up in the countryside and Green Common offers an array of plant-based food products, making a green OmniPork Luncheon provides an was used to working on the land. lifestyle more accessible. environmentally friendly and nutritionally As children, my brothers and I superior option to its pork-based helped plant yerba mate [a local counterparts. plant that is steeped in hot water

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Bush to cup Finlays is a major supplier of tea, coffee and other natural ingredients to the global beverage industry and, in particular, is one of the world’s leading growers and producers of tea, with significant investments in Kenya, Sri Lanka, Argentina and China. Being vertically-integrated means Finlays has control over the entire supply chain, so consumers can be 100% confident the tea they to make a beverage] in order to How did this impact your career drink is sustainably sourced and cared for all way from the tea bush to the teacup. Below, we follow make some extra money. At the at Finlays? one such journey, from the tea fields of Kenya all the way to the UK, and find out what it takes to age of 13 I started working as a Casa Fuentes-Finlays opened rural assistant, helping with fruit the doors for me to develop make a perfect British “cuppa” of Finlays tea. trees, which led me to eventually Everything professionally and then drop out of high school. Over time, recognised my studies by offering I realised that casual jobs were is possible me a job as a Health & Safety not enough to make a living, so in Analyst, which I accepted. After February 2005, I started working if you one year on this new path in in the Argente Tea Field, one of the my life, I still wake up every day tea farms owned by Casa Fuentes- want to and learn new things. I learn so Finlays, Argentina’s largest tea much from my colleagues, who producer. My job involved planting achieve it. reciprocate with their humility and tea, cleaning and carrying heavy commitment to reinforcing the leaf bags to the lorry. I was culture of safe work. promoted to Field Assistant to help 1 management with organizing and In Kericho, Kenya, a Finlays tea picker plucks the controlling tasks, which was a great How have your studies and your top two leaves and a bud from a tea bush. experience. career advancement shaped 2 3 How did your employer support you as a person? What are your you in your studies? future goals? After careful sorting, only the best At the factory, tea leaves are expertly leaves reach the processing plant via processed to capture their wonderful When did you first consider The day I enrolled in the institute, I For three years, I had to learn to a sustainable ropeway. characteristics of colour and flavour. studying to become an Advanced knew that working in the tea fields balance work, study and family Technician in Health and Safety? and studying at the same time and this was exhausting. At the The company started a Rainforest would require an enormous effort end of the working day, I would be Alliance Certification project and that could take up many hours of attending classes until 10 o’clock some professionals came to inspect my day. Fortunately, my bosses at night. Sometimes the fatigue us. They taught my team better were always very understanding. was overwhelming, but with the ways to carry out our work through Every day at five o’clock in the support of my family and my procedures related to health and morning I left home to take the bus employer I was able to achieve 6 safety. This interested me greatly. to work, where I took advantage on my goal. The day I graduated After rigorous quality checks, the In February 2016, I discovered a my breaks to study, or finish some was one of the best days of my 4 tea is packed on a high-speed technical education institute 20km practical work. packing line. Finlays’ facility in life, because I had proved to 5 Yorkshire packs over 12 million kg from my home, which offered After being packed in foil-lined sacks to preserve myself and to others that life quality and freshness, the tea travels by sea, road of tea a year. courses to qualify as a Health & During the last year of my studies, I is about not giving up. That you and rail. The tea is tasted no fewer than seven times throughout its bush to cup journey and master Safety Technician and I decided to completed a professional internship have no excuses. My next goal is blenders create delicious blends to suit customers’ learn more. It wasn’t easy. One day, at Argente, focusing on health and to continue my training to earn specifications. after work, I visited this institute to safety on the farms. I needed this a bachelor’s degree in Health & enrol, but had to wait for several final stage of my studies in order to Safety. I am sure it will not be hours. Eventually my persistence complete my degree. I was lucky to easy, but my experience proves paid off. I had an interview with the have the unconditional support of that everything is possible if you principal of the institute, I told her the Human Resources Department, want to achieve it. Packed in about my situation and my desire the Safety & Health Department customers’ for personal improvement and was and the Managing Director of Casa own branded packaging, the accepted on the course. Fuentes-Finlays during this time. tea arrives on On 2nd August 2019, I graduated the shelves of as Superior Technician in Health & supermarkets 8 across the UK. Safety. 7 The perfect cup of tea: a delicious blend of hard work, dedication and skill.

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Appointments Promotions, Transfers & Title Changes

Thirteen House and Group Staff John Swire & Sons (H.K.) Cathay Pacific Airways Ltd. Seafarers Management Trainees have joined Ltd. the Swire group and are attached Raphael Chow Chung Yan Cargo to the following companies: has joined Staff Department – IT & George Edmunds Digital as Manager, IT Solutions. has been appointed General acknowledged Cathay Pacific Airways Ltd. Manager Cargo Commercial. Yili Lu Alissa Lau Zen Qiao The Day of the Seafarer, an annual campaign recognised by Bryan Yiu has joined Staff Department – Ingrid Lee the United Nations, was celebrated on 25th June. To mark the occasion, Monica Yuan Diversity & Inclusion as Manager has been appointed Cargo Digital China Navigation organised a photography competition for its seafarers Sonia Yuen Analytics and Insights, Diversity & Manager – Analytics. in June. This image taken by Yang Runkai on MV Wuchang won both Inclusion. First Prize and the ‘People’s Choice’ Award. On the day itself CNCo’s HAECO Group Commercial seafarers across the globe, as well as onshore staff, marked the event Alexander Cui Wing Ko Wing Ho Best Bai by connecting for a virtual Townhall meeting. An amount of US$3,446 has joined Staff Department – IT & has been appointed Assistant was also raised for the Mission to Seafarers, which provides support Swire Coca-Cola Digital as Manager, Infrastructure. Manager Intermodal Projects GBA. to the international seafaring community from over 200 centres Hugh Hsu worldwide. Charlotte Rumberg Nick Williams Patton Chan has joined Private Office has been appointed General Now in its tenth year, the Day of the Seafarer pays tribute to seafarers Swire Properties Ltd. as General Manager, Line Manager Sales and Distribution and acknowledges their contribution to international trade, as well Lydia Dowden Maintenance Transformation. Hong Kong and GBA. as the sacrifices they make and the issues they face. This has been Charles Li especially important during the coronavirus pandemic, when ships’ Calvin Liu Samantha Woods Will Kerr-Muir crews have played a frontline role in the delivery of vital goods; globally, Zoe Pavri has joined Sustainable has been appointed Head of many seafarers have now been away from home for months and are Michal Tkocz Development Department Revenue Management Operations. unsure when they will be able to return, due to travel restrictions. as Sustainable Development The China Navigation Manager. Meredith Tong Co. Pte. Ltd. has been appointed Assistant Kevin Chan Taikoo Sugar Ltd. Manager Global Corporate Timmy Chan Tsz Him Account. Other appointments: has joined Finance & Administration Department as Evenne Yang Celebrating International HAECO Group Assistant Finance Manager. has been appointed Projects Lead Sales and Distribution. HAECO Hong Kong Kong Wing Tak Oscar Tsoi Man Cheung has joined Plant Operation Corporate Affairs Women’s Day 2020 has joined as Finance Manager, Department as Plant Manager. Bruce Lee Jointly Controlled Entities. has been appointed Head of Hosted by the Women’s Foundation, with the Strategic Engagement. Swire group and Swire Properties as title sponsors, Hong John Swire & Sons Ltd. Kong’s annual International Women’s Day lunch was held Daryl Bultitude Andy Wong on 11th June. This year, because of COVID-19 restrictions, has joined Finance Department as has been appointed General the event was a virtual one; nevertheless, it received Systems Accountant. Manager Corporate Affairs. overwhelming support, with over 1,000 online attendees and HK$750,000 raised from pledges and a silent Customer auction to assist the Women’s Foundation in its work to Robbie Blackwood promote gender equality, empower women in poverty and has been appointed Project Lead advance women in leadership roles. A panel discussion Customer Experience and Design. under the theme of “Designing Equality” was joined by corporate executives, leaders from women’s networks, Jasmine Chan Wing Tung academics and diversity champions. Through its support has been appointed Head of for Women’s Foundation initiatives, Swire is committed to Loyalty Strategy, Analytics & CED. improving opportunities for women in the workforce.

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Edwin Chim Information Technology Service Delivery Outports Penny Tse William Chau currently Senior Finance Manager Maple Cheng Chris Bowden Abhijit Abhyankar has been appointed Area Manager has been appointed Senior Adviser at Asia Miles Ltd., will also has been appointed Head of Digital has been appointed Head has been appointed Country East Indonesia. Group Human Resources. assume the responsibilities of – PPL, CGO and CCD. of Planning and Business Manager South Africa and Indian Senior Finance Manager at Cathay Improvement, Customer Care. Ocean. Chris Vanden Hooven MK Chi Pacific Airways Ltd. – Customer Corinna Leung has been appointed Senior Vice has been retitled Line Maintenance Relationship & Retail Department. has been appointed Head of IT Wendy Kwok Mary Chan President Americas. Manager, Ramp Equipment. Development. has been appointed Head has been appointed Executive Vice Nicholas Fei of Employee Relations and President, Shanghai International Alan Wai WM Chung has been appointed Partnership & Stellar Wang Communications. Airport Services Co. Ltd. has been appointed Assistant to has been retitled General Manager, Business Development Manager. has been appointed Digital Regional General Manager Europe. Line Maintenance (Overseas Omnichannel Orchestration Elaine Lee Nelson Chin Customers Group). Jessica Leung Manager. has been appointed Head of Inflight has been appointed Regional Maggie YL Wong has been appointed Assistant Customer Service and Operations. General Manager North East Asia. has been appointed Country Manager Victor Ho Manager Customer Experience Legal & Compliance France and Benelux. has been appointed General Strategy and Design. Russell Lamb Judy Leung Ken Chiu Manager, Corporate Development. has been appointed Associate has been appointed Head of Hub has been appointed Area Head Mickey Yip Luna Wang General Counsel. Operations. Taiwan. has been appointed Country Manager Dennis Hui has been appointed Customer Philippines. has been retitled Executive Insights Manager. Operations Walter Li Matthew Choi General Manager, Line Jack Bennett has been appointed Head of HKIA. has been appointed Country Maintenance. Claudia Wong has been appointed Head of Crew Manager Indonesia. HAECO Group has been appointed Assistant Management Programme. Dominic Perret Rex Kan Manager Customer Experience – has been retitled General Manager Ashish Kapur HAECO Americas has been appointed Group F&B Projects. Keith Brown Customer Care. has been appointed Country Gavin March Sustainable Development has been appointed General Manager Germany, Switzerland has been appointed Chief Financial Manager. Sally Wong Manager Programmes and Subsidiaries and Scandinavia. Officer, Cabin Solutions. has been appointed Head of Airworthiness. CF Lai Customer Experience Ground Hettie Lane HAECO Global Engine Services has been retitled Assistant General Product. Philippe Lacamp Clarence Tai has been appointed Manager Timothy Haughton Manager, Line Maintenance has been appointed General has been appointed Chief Penang. has been appointed Business Develop- (Cathay Operations). Isla Yu Manager Integrated Operations Operating Officer. ment Manager, Global Engine Services. has been appointed Customer Centre. Rory Langan Ernest Lau Relationship Strategy Manager. Cathay Pacific Catering has been appointed Assistant to HAECO Hong Kong has been retitled Line Maintenance Deborah McConnochie Services, Hong Kong Airport Regional General Manager South Clement Au Manager (Cathay Planned Finance has been appointed General Services and Vogue Laundry Asia, Middle East and Africa. has been appointed General Manager, Maintenance Operations). Pierre Bastjaens Manager Aircrew. Services Technical Services. has been appointed General Liza Ng Roger Li Iris Lau Manager Procurement & Aircraft People has been appointed Chief Executive has been appointed Country Rory Cahill has been appointed Executive Trading. Jamie Coates Officer Subsidiaries. Manager Malaysia and Brunei. has been appointed Manager, Assistant to Director & General has been appointed Employee Corporate Development. Manager, HK Operations. Ernest Chu Experience Advisory Manager. Cathay Pacific Services Kathy Man has been appointed Assistant Martin Xu has been appointed Assistant to Alex Chan Paul Longhurst Manager Enterprise James Evans has been appointed Chief Regional General Manager South has been appointed Line Maintenance has been retitled General Manager, Transformation. has been appointed General Operating Officer. East Asia. Manager, Cabin. Line Maintenance (Cathay Manager Employee Experience. Operations). Emerald Yip HK Express Hamish Snow Carol Chan has been appointed Assistant Private Office Gloria Chow has been appointed Manager has been appointed Assistant General Johnson Mak Manager Lean. Cosima Watkins has been appointed General Cambodia. Manager, Material Management. has been retitled Line Maintenance has been appointed Assistant to Manager Inflight Service Delivery. Manager (Cathay Transit Group Corporate Risk the Chief Executive Officer. Carol Sun WK Chan Operations). Beverly Kwong Melody Keung has been appointed Regional Head has been retitled Assistant General has been appointed Head of has been appointed Deputy of Marketing and Sales – China. Manager, Line Maintenance Corporate Risk. Director Commercial. (Operations Support).

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Long Service

Timothy Ng HAECO ITM Swire Oilfield Services Mei Zhao Residential Sales 35 years has been appointed CoE Officer, Anson Ma Nick Coaton has been promoted to Assistant Vicky Song Line Maintenance. has been appointed ITM Officer. has been appointed MENA General Marketing Manager. has been appointed Assistant John Swire & Sons (H.K.) Manager. Sales Manager. Ltd. Christian Pinter HAECO Xiamen Lyn Zhong Polly Im Yuk Yee has been retitled Head of Onwing Donald Blake Jonathan Hughes has been retitled Assistant Shanghai – Accountant, Swire Pacific Ltd. – Structure Support. has been appointed Vice President has been appointed Group General Promotions Manager. Jeremy Ho Group Finance Commercial, Xiamen. Manager. has been appointed Portfolio Julian Potter Hong Kong Officer. has been appointed General William Cheung Swire Properties Ltd. 30 years Manager, Global Engine Support. has been retitled Business Development & Valuations HKRI Taikoo Hui Development Manager, TEXL. Beijing Syrie Byfield Calvin See John Swire & Sons Ltd. JJ Prinsloo Jenny Siu has been appointed Development has been appointed General Dionne O’Dell has been retitled Line Maintenance Michael Fuh Tung Hai has been appointed New Ventures Officer – D&V. Manager HKRI Taikoo Hui. – Facilities Manager Manager (OCG & Cargo has been retitled Director Finance. Business Development Manager. Operations). Queenie Cheng Taikoo Li, Qiantan John Swire & Sons (H.K.) Dudson Yip Indigo has been appointed Development Kobe Chen Ltd. Tony Reynolds has been appointed Assistant Sharon Ng Officer. has been appointed Assistant Neil Glenn has been appointed Group Commercial Manager, Xiamen. has been appointed Portfolio Portfolio Manager. – Director Engineering, Cathay General Manager, Leadership and Officer. Eugenia Lee Pacific Airways Ltd. Development. John Swire & Sons (H.K.) has been appointed Development Tiffany Deng Ltd. Mark Wang Manager. has been appointed Senior Anna Thompson Pierre Seon Jennifer Chuen Yee Lam has been appointed Deputy Portfolio Officer. – Director, Human Resources, has been appointed Airframe has been promoted to Grade D as General Manager Indigo. Portfolio Management Swire Properties Ltd. Services Manager, Onwing Personnel Officer. Fay Fang Shihan Shenzhen Structure Support. Taikoo Li Sanlitun has been appointed Assistant Lucas Xu James Woodrow Julian Lyden Vincent Fung Marketing & Promotions Manager, has been appointed Assistant – Managing Director, The China Cheris Tsang has been appointed General has been appointed Assistant PPMO – Office. Business Development Manager. Navigation Co. Pte. Ltd. has been retitled Group Manager, Corporate Finance, Swire Director – Portfolio Management. Procurement Manager. Pacific Limited. Francis Lo Xi’an Carol Wang has been appointed Assistant Alan Lee 25 years Gavin Tse Steamships Trading Co. Ltd. has been promoted to Assistant Portfolio Manager (TPMO). has been appointed General has been appointed Commercial Marc Hempstead Finance Manager. Manager Xi’an. John Swire & Sons (H.K.) Manager, Base Customer. has been retitled Finance and Miranda Robson Ltd. Administration Manager, Logistics Chengdu has been appointed Property The China Navigation Rupert Bray KH Tse Division. Officer, PPMO – Office. Co. Pte. Ltd. – Managing Director, Steamships has been retitled Line Maintenance Sino-Ocean Taikoo Li Chengdu John Dean Trading Co. Ltd. Manager, Ramp Services. Swire Coca-Cola Capucine Cogne Ronald Tsui Hoi Tung has been appointed Project has been appointed Portfolio has been appointed Property Manager. Rico Chan Man Ho FS Wong Swire Coca-Cola Beverages Officer. Officer (TPMO). – Assistant Supervisor, Group has been retitled Line Maintenance Guangxi Ltd. John Drury Retirement Benefits Department Manager (Cathay Dynamic Wang Haojun Guangzhou Joshua Williams has been appointed Category Operations). has been appointed General has been appointed Assistant Manager. William Cheng Manager. Taikoo Hui Portfolio Manager (TPMO). – Chief Financial Officer, Damin Steven Wong Angel Lee Foodstuff (Zhangzhou) Co., Ltd. has been appointed Corporate Swire Coca-Cola Beverages has been promoted to Assistant Amy Yiu Development Manager. Xiamen Ltd. Property Manager. has been promoted to Marketing & Tom Owen Billy Zhang Promotions Manager (PPMO). – Director Cargo, Cathay Pacific PS Yip has been appointed General Yan Liang Airways Ltd. has been retitled Assistant General Manager. has been promoted to Assistant Public Affairs Manager, Line Maintenance (Ramp Director – Portfolio Management. Wayne Leung Operations). Swire Coca-Cola HK Ltd. has been promoted to Senior Connie Yeung Matthew Shairp Public Affairs Manager. has been appointed General has been appointed Portfolio Manager. Officer.

ISSUE 03 / 2020 ISSUE 03 / 2020 30 31 PEOPLE 150TH ANNIVERSARY IN HK

20 years 15 years 10 years John Swire & Sons (H.K.) John Swire & Sons (H.K.) John Swire & Sons (H.K.) Ltd. Ltd. Ltd. Here’s health James Evans Mark Celenk Henry Bott – General Manager Employee – Senior Development Manager, – Chief Representative, John Swire Experience, Cathay Pacific Airways D&V, Swire Properties Ltd. & Sons Vietnam Representative Ltd. Office George Edmunds Fiona Lam Kwai Chi – General Manager Cargo Charles de Zoete – Group Accountant, Swire Pacific Commercial, Cathay Pacific – Chief Financial Officer, United Ltd. – Group Finance Airways Ltd. States Cold Storage

Anson Lee Hok Shing Ivy Ho Wing Yan Walter Li Chun Ting – Treasurer, Swire Properties Ltd. – Secretary, Swire Pacific Ltd. – – Head of HKIA, Cathay Pacific Group Finance Airways Ltd. Julian Lyden – General Manager, Corporate Florence Lam Sui Mei David Poraj-Wilczynski Finance, Swire Pacific Ltd. – Deputy Company Secretary, – General Manager Commercial, Company Secretary’s Department Swire Shipping, The China Dominic Perret Navigation Co. Pte. Ltd. – General Manager Customer Stephen Lauchlan Care, Cathay Pacific Airways Ltd. – Finance Director, Swire Bulk Thomas Rhodes Rebuilt after almost total – Portfolio Manager, Swire Taikoo Sugar advertisement in local destruction during Raymond Leung Ka Man Properties Ltd. newspaper Sing Pao in 1959. World War II, Taikoo Sugar was – General Manager Commercial, back in production Hong Kong Aircraft Engineering Sally Wong Yee Sum in 1950. Co. Ltd. – Head of Customer Experience Ground Product, Cathay Pacific Rex Tsang Chun Wai Airways Ltd. – Senior Manager, Group Internal “Taikoo Golden Syrup: for energy during the long, starvation years of the Audit Department Swire (Beijing) Management and health!” proclaims this 1950s Japanese occupation. In this context, Consultancy Ltd. advertisement, which appeared in Hong chubby-cheeked, well-fed children were Kong’s Sing Pao. “Natural sugarcane indeed a sign of good health – and symbolic Wendy Chen Yunxia taste, sweet and tasty. Spread on bread of Hong Kong casting off its austere past – Senior Risk Manager, China or biscuits, it’s economical and delicious. and looking ahead to better times. Taikoo Refined and produced by the Taikoo Sugar, one of Hong Kong’s most recognised Sugar Refining Company”. As a marketing brands, returned to production in 1950, strategy, it’s from another world: one where after Swire had completely rebuilt its Hong Kong mothers stayed home in the refinery, severely damaged in wartime kitchen; thriftiness and domestic economy bombing. The reopening of the factory, a were watchwords, and where refined major employer, was a potent symbol of sugar could be promoted as a health food! Hong Kong’s recovery and the resurgence How different from today, when childhood of its industrial activities, as the city obesity has become an issue for developed transformed itself from a trading entrepôt economies. In the 1950s, however, the into a manufacturing powerhouse. memory of World War II was still a recent and raw one for Hong Kong parents – many of whom had suffered from malnutrition

ISSUE 03 / 2020 ISSUE 03 / 2020