CENTRE STAGE Cultivating Britain’s young Chinese speakers May 2018

C007234 NEWSWIRE CORPORATE

Board change

Merlin Swire will succeed the group’s business and reaffirms the Swire family’s John Slosar as Chairman long-term commitment to Swire Pacific at a time of rapid CONTENTS of Swire Pacific Limited, change and exciting growth opportunities. I would like to with effect from 1st July add my thanks to John for his leadership and immense May 2018 2018. Mr Swire will also contribution to the development of Swire Pacific over his become Chairman of Swire career.” Commenting on Mr Swire’s appointment, John Properties Limited and Hong Slosar said, “Merlin’s appointment continues Swire’s Kong Aircraft Engineering longstanding practice of appointing leaders from within the Company Limited (“HAECO”) group. As Chairman, he will deepen our key relationships in place of Mr Slosar. Mr in the region and will lead the group in its next chapter of The Swire group is a multinational, multi-disciplined commercial group, with Slosar will remain as growth. Our future is in good hands.” 01 its principal areas of operations in the Asia Pacific region, and centred on the Chairman of Cathay Pacific Greater area. Hong Kong is home to publicly quoted Swire Pacific, whose Airways Limited, but will Merlin Swire Merlin Swire, aged 44, is currently Chief Executive Officer NEWSWIRE core businesses are grouped under five operating divisions: property, aviation, otherwise retire from the and a Director of John Swire & Sons. He is also a Director beverages, marine services, and trading & industrial. John Swire & Sons Limited, Swire group. of Swire Pacific, , Cathay Pacific and headquartered in the UK, is the parent company of the group. In addition to its HAECO. He joined the Swire group in Hong Kong in 1997, controlling shareholding in Swire Pacific, John Swire & Sons Limited operates Of his appointment, Merlin Swire said, “This move back and has worked in Hong Kong, Sydney, , Xiamen, a range of wholly-owned businesses, including deep-sea shipping, cold storage, to Hong Kong reflects how important Hong Kong is to and London. 14 offshore and road transport logistics services, waste to energy, mining services, and beverage ingredients with main areas of operation in Australia, Papua New Guinea, East Africa, Sri Lanka, the USA and the UK. CENTRE STAGE Senior management appointments

Swire News is published in Hong Kong, by the Swire Group Public Affairs Swire Pacific Offshore Department. Roy Shearer has been appointed Finance Director.

18 United States Cold Storage INSIDER To view the digital version, please go to www.swire.com/swirenews Larry Alderfer has been appointed Chief Operating Officer.

Copyright©2018 Australian divestments 23 On 22nd December 2017, John Swire & Sons completed Swire in Australia has recently merged Kalari, its specialist the sale of Swire Cold Storage Australia and Swire Cold logistics and haulage business, with its contract mining Editor Storage Vietnam to US-based Emergent Cold. Swire company HSE. The group is now focused on growing this PEOPLE Cindy Cheung entered the cold storage market in Australia in 1956 and combined entity into a top-tier service provider to the built the business into the leading national provider; the mining and logistics sector. At the end of 2017, Kalari group was an early mover into the Vietnam market in 1998. HSE acquired Pearce Logistics, providing an entry into Deputy Editor the woodchip haulage sector, based at Mount Gambier Charlotte Bleasdale On 31st January, the group also completed the sale of the in South Australia, and servicing the “green triangle” of Alex Fraser Group to Hanson Australia, a wholly-owned forestry products centred on the Victoria/South Australia Design I Production subsidiary of Heidelberg Cement of Germany. Swire first border. Barry Chu acquired an interest in Australia’s leading recycler of construction and demolition waste in 2006 and grew the business substantially.

Established in 2016, the Swire Chinese Language Foundation helps improve the quality and reach of Chinese language teaching in the UK. Story on page 14.

May 2018 SWIRENEWS 1 NEWSWIRE CORPORATE NEWSWIRE CORPORATE

2017 Annual Results

Visit to Chongqing and Swire Pacific Limited

In January, John Swire & Sons (China) Chairman, Government for their strong support for the Swire Foods HK$M Change the remeasurement of the fair value of interests in three joint Ivan Chu, paid courtesy calls on senior officials in the business. Revenue 80,289 +29% venture franchise businesses when they became subsidiary companies. There were non-recurring gains in the USA of Municipality of Chongqing and in Chengdu, the provincial Profit attributable to In Chengdu, Mr Chu met with Party Secretary, Mr HK$289 million. These gains arose out of the terms on which capital of Sichuan Province. While in Chongqing, Mr Chu shareholders (underlying) 4,742 +55% new franchise territories and production and distribution assets met with Vice Mayor, Mr Liu Guiping, who was keen to Fan Ruiping, and Vice Mayor Mr Liu Shoucheng at the HK$ Change were acquired. Disregarding these gains, Swire Beverages discuss recent developments in the city. In particular – Chengdu Party Committee Guest Hall. Mr Fan expressed Earnings per share (underlying) made an attributable profit of HK$930 million in 2017, a 14% given Chongqing’s strategic location – Mr Liu highlighted his appreciation for Swire Properties’ very successful ‘A’ share 3.15 increase from 2016. Overall sales volume increased by 37% the opportunity presented by China’s “One Belt, joint development of Sino-Ocean Taikoo Li Chengdu, +54% ‘B’ share 0.63 to 1,512 million unit cases. Sales revenue increased by 85% One Road” to establish the city as a modern service which he said had enhanced the quality of living and to HK$34,067 million. Volume and revenue grew in Mainland competitiveness of the city. He hoped Swire would look Dividends per share hub for central and western China. He encouraged Swire China and the USA, principally reflecting the inclusion of sales for further opportunities that would see it taking an even ‘A’ share 2.10 – to continue seeking business opportunities in logistics, from additional territories. Volume and revenue increased more significant role in the transformation of the ancient ‘B’ share 0.42 real estate, aircraft maintenance and other industries in Hong Kong. In Taiwan, volume was in line with 2016 and city, and would continue the expansion of the group’s within the municipal area. In response, Mr Chu revenue increased. expressed his gratitude to the Chongqing Municipal existing bakery and logistics businesses. The consolidated profit attributable to shareholders for 2017 was HK$26,070 million, a 170% increase compared to 2016. The Marine Services Division recorded a loss of HK$2,232 Underlying profit attributable to shareholders, which principally million in 2017. The loss included an impairment charge of adjusts for changes in the valuation of investment properties, HK$1,015 million. Disregarding impairment charges and profits increased by 55% to HK$4,742 million. Disregarding significant and losses on disposal of vessels in both years and the loss on non-recurring items in 2017 and 2016, the 2017 adjusted disposal of Altus Oil & Gas Services in 2016, the Division’s loss underlying profit was HK$4,762 million, compared with was HK$1,201 million in 2017, compared with a loss of HK$729 HK$4,997 million in 2016. Better results from the Property, million in 2016. The level of exploration and production Beverages and Trading & Industrial Divisions were more than spending by oil majors remained weak in 2017. The oversupply offset by weaker results from the Aviation and Marine Services of offshore support vessels resulted in reduced charter hire Divisions. and utilisation rates. Swire Beverages’ profit of HK$2,441 million in 2017 included Attributable profit from the Trading & Industrial Division in gains of HK$1,222 million arising out of the realignment of 2017 was HK$69 million. This included a loss of HK$94 million the Coca-Cola bottling system in Mainland China. These gains on disposal of Swire Brands’ interest in Rebecca Minkoff. arose from the disposal of the Shaanxi franchise business and Disregarding this loss, the Division’s attributable profit in 2017 was HK$163 million, compared Ivan Chu and Mr Liu Guiping Ivan Chu and Mr Fan Ruiping with HK$114 million in 2016. The increase principally reflected better results from Taikoo Motors and Akzo Nurturing young talents Nobel Swire Paints and a reduction in losses at Swire Environmental Swire recently announced two initiatives that aim to help Summer Internship, which will offer 22 Hong Kong Services. The losses of Swire Pacific Hong Kong’s younger generation engage with Mainland undergraduates summer placements in the offices of Cold Storage increased, and profits China. The Swire China Scholarships were launched five businesses headquartered in , Chongqing, from Swire Retail and Swire Foods on 1st December last year and will provide funding for Chengdu, , Shanghai and Xiamen. Both decreased. Hong Kong students to pursue tertiary courses at nine initiatives offer opportunities to familiarise Hong Kong’s renowned Mainland Chinese universities. Swire has also young people with the economic, social and cultural announced its partnership with the HKSAR Government landscape in Mainland China, and to enhance their in the newly established Pilot Scheme on Corporate understanding of their country.

2 May 2018 SWIRENEWS 3 NEWSWIRE CORPORATE NEWSWIRE CORPORATE

Swire Properties Limited HK$M Change Underlying profit attributable to shareholders, which principally but fuel hedging losses reduced. As the year progressed the for most of the year, fell by 3.3% to HK52.3 cents, albeit Revenue 18,558 +11% adjusts for changes in the valuation of investment properties, Group began to see positive results from its transformation improving by 3.1% in the second half of the year compared to increased by HK$722 million from HK$7,112 million in 2016 to Profit attributable to programme and business also benefited from a strong cargo the first half. HK$7,834 million in 2017. The underlying profit from property shareholders (underlying) 7,834 +10% business, a weaker US dollar, and improved premium class The Group’s cargo business benefited from robust demand in investment increased by 12%. The underlying profit from passenger demand. The contribution from subsidiary and HK$ Change 2017, with cargo revenue increasing by 19.1% to HK$23,903 property trading decreased slightly. Hotel losses decreased. associated companies was satisfactory. Earnings per share (underlying) 1.34 +10% million. The cargo capacity of Cathay Pacific and Cathay Gross rental income was HK$11,252 million in 2017, compared Dividends per share 0.77 +8.5% Passenger revenue in 2017 was HK$66,408 million, a Dragon increased by 3.6%. The load factor increased by 3.4 to HK$10,773 million in 2016. In Hong Kong, office rental decrease of 0.8% compared to 2016. Capacity increased by percentage points, to 67.8%. Tonnage carried increased by income increased due to positive rental reversions and firm 2.8%, reflecting the introduction of new routes and increased 10.9%. Yield rose by 11.3% to HK$1.77, benefiting from the occupancy. This was despite the loss of rental income resulting frequencies on other routes. The load factor decreased by 0.1 resumption (from April) of the collection of fuel surcharges in from the Taikoo Place redevelopment. Retail rental income in percentage point, to 84.4%. Yield, which was under pressure Hong Kong and from strong demand. Hong Kong was little changed in 2017. In Mainland China, gross rental income increased by 12%, mainly due to positive rental reversions and improved occupancy. In the USA, gross rental Hong Kong Aircraft Engineering Company Limited income increased following the opening of the first phase of (“HAECO”) the Brickell City Centre development in 2016. In 2017, most HAECO HK$M Change Underlying profit from property trading in 2017 arose businesses did well Revenue 14,546 +5.7% mainly from the handover of pre-sold units at the ALASSIO but those businesses (Loss)/profit attributable to development in Hong Kong. Property sales slowed in the USA. in America continued Hotels reported reduced losses in 2017, reflecting improved to incur losses. The shareholders (541) -155.5% results from EAST, Miami since its opening. Occupancy was HAECO Group overall HK$ Change stable at our managed hotels in Hong Kong and Mainland reported an attributable (Loss)/earnings per share (3.25) -155.5% China. loss of HK$541 million in 2017. This loss Dividends per share 1.03 -73.6% included an impairment charge of HK$625 years, the net deferred tax asset write-off in 2017 and the gain million in respect of the on disposal in 2016, the HAECO Group made an attributable goodwill attributable profit of HK$340 million in 2017, compared with an attributable Cathay Pacific Airways Limited to HAECO USA profit of HK$516 million in 2016. Holdings, Inc. (“HAECO HK$M Change Americas”) and a write- More airframe and line services work was done by the Group Revenue 97,284 +4.9% off of HK$249 million in Hong Kong and in Xiamen in 2017. Line services results (Loss)/profit attributable to in respect of HAECO benefited from increased aircraft movements. The increase Americas’ net deferred tax assets. This compares with a profit in airframe services work reflected higher demand and the shareholders (1,259) -119.0% of HK$975 million in 2016, which included a gain of HK$805 deferral of some customers’ work from 2016. In America less HK$ Change million on disposal of the interest of Hong Kong Aero Engine airframe services work was done, reflecting the completion of (Loss)/earnings per share (0.32) -119.2% Services Limited (“HAESL”) in Singapore Aero Engine Services some significant aircraft and cabin modification programmes Pte. Limited (“SAESL”) and an impairment charge of HK$285 in 2016 and the loss of significant work from a major customer Dividends per share 0.05 – million in respect of the goodwill attributable to HAECO from August 2017. Americas. Disregarding the impairment charges in both The Cathay Pacific Group reported an attributable loss of HK$1,259 million for 2017. This compares to a loss of HK$575 million in 2016. The Group reported an attributable profit of HK$792 million in the second half of 2017, compared to an attributable loss of HK$2,051 million in the first half of 2017 The non-statutory accounts (within the meaning of section 436 of the Companies Ordinance (Cap. 622) (the “Ordinance”)) in this document are not specified financial and an attributable loss of HK$928 million in the second half statements (within such meaning). The relevant specified financial statements have been or will be delivered to the Registrar of Companies in Hong Kong in accordance of 2016. with section 664 of the Ordinance. Auditor’s reports have been prepared on those specified financial statements. Those reports were not qualified or otherwise modified, did not refer to any matters to which the auditor drew attention by way of emphasis without qualifying the reports and did not contain statements under section 406(2) The factors which affected the performance were largely the or 407(2) or (3) of the Ordinance. same as in 2016. Overcapacity in passenger markets led to intense competition with other airlines and continued pressure For full results of these companies, please visit our websites: on yields on many of the key routes. Fuel prices were higher, www.swirepacific.com I www.swireproperties.com I www.cathaypacific.com I www.haeco.com

4 May 2018 SWIRENEWS 5 NEWSWIRE PROPERTY NEWSWIRE PROPERTY

One Taikoo Place tops out

Computer rendering of One Taikoo Place Swire Properties’ Chief Executive, Guy Bradley (left) and Director, Office, Don Taylor, unveiled details of One Taikoo Place at the topping-out ceremony.

In February, Swire Properties celebrated the topping out law firms, and social media giant, Facebook, who will of One Taikoo Place, its latest triple Grade-A office tower. take up 100,000 square feet of space respectively. The lobby of The Middle House, Shanghai – the fourth property in Swire Hotels’ award-winning The A core component of the HK$15 billion Taikoo Place Leading global professional services organisation, EY, House Collective. The Middle House offers 111 hotel rooms as well as 102 serviced apartments under redevelopment project, One Taikoo Place is already 75% will meanwhile lease eight floors at One Taikoo Place – The Middle House Residences. The interiors of the House and apartments were created by Milan-based architect and designer Piero Lissoni, with architecture by Lissoni Architettura, and Wong and Ouyang. pre-leased. High profile multinational tenants include approximately 160,000 square feet of office space. The Middle House was opened in April. Baker McKenzie, one of the world’s largest international

Swire Properties to develop second First green bond Award winning hotels project in Shanghai Swire Properties has priced its first green bond, raising Three hotels from Swire Hotels’ The House Collective Citi-Fame Development Limited, an indirect wholly US$500 million at a coupon rate of 3.5%, due in 2028. have taken top awards across multiple categories in the owned subsidiary of Swire Properties Limited, has A substantial portion of the bond was placed with 2018 TripAdvisor Travellers’ Choice® Awards. acquired a 50% equity interest in Shanghai Qianxiu institutional investors that have a strong commitment The Upper House in Hong Kong was ranked at number Company Limited from Shanghai Newbund Industrial to sustainable financing initiatives. The issuance of the three in the Top 25 Luxury Hotels in the World category, Development Co., Ltd., for a consideration of ten-year green bond is part of the company’s Sustainable at number 15 in the Top 25 Hotels in Asia category (the approximately RMB1,349 million. Shanghai Qianxiu Development 2030 Strategy, and the net proceeds only Hong Kong hotel to feature in both categories), and holds the land-use rights for a parcel of land located will be used to fund or refinance new or existing green is number one in the Top 25 Hotels in China category. at Qiantan, in Pudong New District, Shanghai. The joint projects; part of the proceeds will be used to finance The Opposite House in Beijing and The Temple House in venture will develop a major retail project at Qiantan – the LEED Platinum pre-certificated One Taikoo Place, Chengdu are respectively number four and number six in an area envisioned as Shanghai’s newest international to be completed later this year. Swire Properties’ green the Top 25 Hotels in China category. business district. The project will be Swire Properties’ bond is the first in Hong Kong to obtain pre-issuance second development in Shanghai, after HKRI Taikoo Hui stage certification under the Green Finance Certification Winners of the 2018 awards were determined based in Puxi, and its sixth project in Mainland China. Scheme, recently launched by the Hong Kong Quality on the reviews and opinions of millions of TripAdvisor Assurance Agency. travellers around the globe. The Upper House, Hong Kong

6 May 2018 SWIRENEWS 7 NEWSWIRE AVIATION NEWSWIRE AVIATION

More connectivity HAECO Xiamen celebrates 3,000th aircraft input

non-stop flights between Hong Kong and its home port On 22nd February 2018, HAECO of Almaty, as well as on connecting services between Xiamen celebrated its 3,000th aircraft Almaty and Astana, the Kazakh capital. Subject to input since commencing operations government approval, Cathay Pacific will also codeshare in March 1996; a special ceremony on Air Astana’s services between Bangkok and Almaty marked the milestone redelivery of and Seoul and Almaty, giving customers additional the aircraft – a Boeing 777-300ER – to options for travel between Hong Kong and Kazakhstan. scheduled customer, Cathay Pacific Air Astana will place its “KC” code on selected Cathay Airways. HAECO Xiamen has been Pacific services operating between Hong Kong and growing steadily over the past 22 years Sydney, Melbourne, Perth and Singapore. by extending its capabilities across all major commercial aircraft types, Closer to home, Cathay Pacific has commenced a developing its 4,500-strong workforce, codeshare arrangement with Macao ferry operator Cotai and collaborating with stakeholders Richard Ledger (Left), Vice President Marketing and Sales at Air Astana and Ronald Lam, Cathay Pacific Director Commercial and Cargo. Water Jet. The “CX” code now appears on Cotai Water to provide quality services to its Jet services operating between Hong Kong International customers. Cathay Pacific Airways will launch a seasonal non-stop Airport (“HKIA”) and the Taipa Ferry Terminal in Macao. service to Cape Town later this year, directly linking this The partnership allows Cathay Pacific customers popular business and tourism destination with Hong Kong travelling to Macao to enjoy the convenience of check- HAESL 20th anniversary for the very first time. The three-times-weekly service, through baggage and a choice of six daily direct Cotai celebration which will operate from 13th November 2018 to 18th Water Jet sailings departing from the SkyPier at HKIA. February 2019, will complement Cathay Pacific’s existing A ceremony was held on 6th December last year Meanwhile, in March, Cathay Dragon launched a new daily non-stop flights to Johannesburg, and will be at Hong Kong Aero Engine Services Limited’s four-times-weekly service between Hong Kong and Jinan, operated by state-of-the-art Airbus A350-900 aircraft. (“HAESL”) headquarters, to celebrate the the capital of Shandong province. Complementing the company’s 20th Anniversary and completion of Cathay Pacific has also commenced a codeshare airline’s existing flights to Qingdao, the new Jinan service its 15,000 square-metre Phase VI expansion. The arrangement with Air Astana, the flag carrier of the will be operated by the airline’s fleet of Airbus A320 completion of Phase VI marks a new era in the Republic of Kazakhstan. Commencing in March, Cathay aircraft in a two-class configuration. development of HAESL, facilitating substantial Pacific is now placing its “CX” code on Air Astana’s growth for the business, including capacity on the Rolls-Royce Trent XWB engine, which powers the Airbus A350. The Deck in Hong Kong

Cathay Pacific has unveiled The Deck, the airline’s newest lounge at Hong Kong International Airport. At 823 square metres, The Deck has seating for 180 passengers and its sleek designer furniture and lighting have been carefully selected for practicality, comfort and privacy, while the use of natural materials, plenty of greenery and artworks by local artists add to the welcoming atmosphere. The Deck is also equipped with a relaxation zone, featuring bespoke Solo chairs, as well as eight shower suites, washroom facilities and a range of comfortable seating throughout. The Deck will join Cathay Pacific’s other lounges at HKIA – including The Bridge, The Pier Business and First Class lounges, The Wing Business and First Class lounges and The Arrival – in providing customers with a unique “Life Well Travelled” experience.

8 May 2018 SWIRENEWS 9 NEWSWIRE BEVERAGES & FOOD CHAIN | MARINE SERVICES NEWSWIRE MARINE SERVICES

Expansion at Lebanon and McDonough SPO welcomes Pacific Grouse

United States Cold Storage (“USCS”) has commenced On 2nd March, SPO held a naming construction of Phase Two of its warehouse at Lebanon, ceremony at the Loyang Offshore Indiana. The site will be expanded with the addition of 5.1 Supply Base in Singapore for million cubic feet of refrigerated storage, providing 16,000 the latest addition to its G Class pallet positions and ten extra shipping dock doors. A part series, Pacific Grouse. The ship was of the addition will be served by an automated storage officially named by Lady Sponsor, and retrieval system, making Lebanon the second Mrs Brenda Payne, wife of SPO’s USCS facility to integrate conventional and automated Human Resources Director Colin design. Construction is scheduled to complete later this Payne, and the event was attended year. by more than 90 guests. Pacific Grouse is the eighth of ten Platform USCS is also planning a second warehouse at McDonough Supply Vessels in the G Class series in Georgia. In addition to the original 8.6 million cubic-foot built for SPO by Japan Marine facility, the new site will provide an extra 6.7 million cubic United Corporation. The seventh feet of cold storage, with room for 26,154 pallets stored Computer rendering of McDonough Phase Two vessel in the series, Pacific Griffon, at temperatures ranging from -20°F to +40°F. was christened on 22nd January and is already heading to West Africa for her first charter to a longstanding New hope for solving the greatest aviation mystery in modern history client for an initial period of three At Pacific Grouse’s naming ceremony are (front row, centre, left to right): Colin Payne, the vessel’s Master, Captain Sherman Dadwell, Lady Sponsor, Mrs Brenda Payne and SPO’s Commercial months with options, supporting Director, Duncan Telfer. subsea construction activities.

Opening of Ghana Marine Training Moana Taka Partnership offers Centre exciting recycling possibilities for the Pacific islands On 25th January, Swire Adonai Services Limited (“SAS”), a joint venture between Adonai Shipping Limited and In March, The China Navigation Company (“CNCo”) Swire Pacific Offshore Operations Pte Limited (“SPO”), signed a Memorandum of Understanding (“MOU”) with officially opened the new Ghana Marine Training Centre the Secretariat of the Pacific Regional Environment (“GMTC”). (“SPREP”) to address critical waste management issues Seabed Constructor with a USV (unmanned in the Pacific islands. Under the provisions of the MOU, surface vehicle – yellow Designed to provide a stimulating learning environment CNCo vessels will carry containers of recyclable waste vessel) and an AUV for the training of deck officers and engineers, GMTC (orange submersible). from eligible Pacific island ports, on a pro bono basis, includes a simulator room, a classroom equipped with to be sustainably treated and recycled at suitable “Seabed Constructor is the most advanced civilian survey has negotiated a no-cure, no-pay agreement with the seven desktop simulators, and an in-house library. Two ports in the Asia Pacific region. Under the “Moana vessel on the planet today. If its array of technology Malaysian Government to extend the search for the Dynamic Positioning console units, donated from the Taka Partnership”, Pacific island nations that lack the cannot find MH370, then it is likely that nothing will, and missing aircraft. SPO fleet, allow participants to gain a realistic sense of space, facilities or finances to treat or dispose of waste that the mystery of MH370 will remain unsolved.” So the actual equipment used on board an offshore supply appropriately will be eligible for this opportunity. The With eight autonomous underwater vehicles (“AUVs”) on wrote The Economist magazine on 2nd January this year, vessel. The Marine Training Centre aims to become an types of materials that are considered recyclable include board, Seabed Constructor is equipped to rapidly collect a few weeks before Seabed Constructor commenced a important local education facility for Ghanaian seafarers, plastics, aluminium cans, waste oil and ozone-depleting and analyse information from water depths of up to new 90-day search for the crash site of Malaysia Airlines and will provide dynamic positioning, safety, and other substances. Flight MH370, the Boeing 777-200ER that vanished over 6,000 metres. Despite some challenging adverse weather training courses. the Indian Ocean on 8th March 2014, claiming the lives conditions, the offshore team has already surveyed over of 239 people. The vessel is owned and operated by 16,000 km2 of ocean floor and it is hoped their work may Swire Pacific Offshore’s subsea services company, Swire help solve the mystery of MH370, bringing answers, Seabed, and is currently on charter to Ocean Infinity, peace and clarity to the friends and families of the a technology company specialising in the collection of victims. high-resolution geophysical seabed data. Ocean Infinity

10 May 2018 SWIRENEWS 11 NEWSWIRE TRADING & INDUSTRIAL | IN THE COMMUNITY NEWSWIRE IN THE COMMUNITY

London Director visits Taiwan As part of its Arts Month 2018 In January, John Swire & Sons programme, held in March, Swire Limited Director, Sam Swire, toured Properties invited three British artists, Phil Ashcroft, Graeme Taikoo Motors Group’s operations Brusby and Duncan Jago, to take in Taiwan, with stops in Kaohsiung, part in a live street art event at Taikoo Park – the four-acre Taichung and Taipei, where he landscaped gardens adjacent to visited Mercedes-Benz, Volkswagen, One Island East at Taikoo Place. Harley-Davidson, Mazda and Vespa In collaboration with leading architecture and design firm, Aedas, dealerships, as well as TMG’s Taipei each artist was commissioned headquarters. Mr Swire also took to paint a large canvas ‘mural’ expressing his unique and personal the opportunity to pay a call on response to Hong Kong’s vibrant Cathay Pacific’s Taipei office and energy. Smaller canvases from attended a dinner for senior staff the art walls were later sold in an online auction to raise funds for the hosted by Swire Group Taiwan Sam Swire (centre) at Taikoo Motors Group’s Taipei headquarters. Hong Kong Youth Arts Foundation’s Chairman, Derrick Chan. programme for disadvantaged and underprivileged youth.

New flagship store Outstanding Partnership Project Award In December, GigaSports, Hong Kong’s chain of professional sports superstores, launched LOVE’S TEAM, a Swire Properties corporate volunteering a new flagship store at Harbour City in Tsim initiative, has won the coveted Outstanding Partnership Sha Tsui, Kowloon. The store design reflects Project Award at the Hong Kong Council of Social Services’ extensive analysis of customer feedback Caring Company Partnership Expo 2018. and new features aimed at enhancing the shopping experience include self-help kiosks The year-long LOVE’S TEAM programme was launched for children’s footwear, a ticketing system in 2016 to mark the 15th anniversary of Swire Properties’ for trying on shoes, a conveyor belt to bring staff volunteering scheme, the Community Ambassadors products to the customer, and a young Programme. A first-of-its-kind, cross-sector community athletes’ corner. engagement initiative, LOVE’S TEAM was spearheaded by Swire Properties Community Ambassadors in cooperation with 15 long-term NGO partners, representing a broad range Community Ambassadors to the rescue of social groups – including ethnic minorities, women’s and youth groups, the elderly, and those with special needs. Swire Properties Guangzhou rescued strays. Ambassadors In October 2016, LOVE’S TEAM culminated in a three- The year-long LOVE’s TEAM programme demonstrated the power of community cohesion through mutual support. Community Ambassador team have regularly provide extra hands at the day community showcase at ArtisTree, Swire Properties’ been extending a helping hand to Guangzhou shelter, which is often home for artistic and cultural activities in Taikoo Place. The stray cats and dogs in the Huangpu understaffed and underfunded. The event featured charity stalls, experiential workshops and District of the city, as part of their event also aimed to encourage the inclusion-themed performances and over 2,000 volunteers animal outreach programme. adoption of rescued cats and dogs helped raise close to HK$900,000, including matching from In addition to helping clean and in need of a new home, rather than the Swire Trust; all funds were donated to the 15 partner weatherproof a local animal buying them from pet shops or organisations. shelter, Community Ambassadors breeders. also helped to bath and feed

12 May 2018 SWIRENEWS 13 CENTRE STAGE CENTRE STAGE

Cultivating Britain’s In 2016, the Swire group celebrated Building a network Mike McGarry, Associate Principal its 200th anniversary. The Swire at the Belvedere Academy in Chinese Language Foundation Teddy Watson, Executive Trustee Liverpool, which is a Centre in young Chinese speakers (“SCLF”) was established to of the SCLF, explains how the that city, agrees: “Swire have been commemorate this remarkable programme works: “The Foundation extremely supportive, but at no time achievement and to recognise selects schools in the United have they tried to impose a certain the 150 years the group has been Kingdom to set up centres of model of delivery, nor have they doing business in Greater China. excellence for teaching Chinese. been prescriptive in any way. Rather, In this issue, we talk to Sam Swire about how the Swire Chinese Language Contributing to education has long Once the SCLF has chosen a school, they have encouraged us at the Foundation is strengthening links between China and Britain by enabling been a part of Swire’s legacy, and or in some cases a group of schools, Swire Centre to adopt an approach British schools to teach Chinese across the United Kingdom. the establishment of the SCLF is a in a particular location, it is named a which is most suitable and that will continuation of that proud heritage. Swire Chinese Language Centre and work in our context,” he says. receives funding so it can employ Sam Swire, Executive Director of one or more Chinese language John Swire & Sons Limited and teachers. The school will act as hub Chairman of the SCLF, is clear about for the district, and the teachers Preparing for the future the purpose of the Foundation: “The will also go and teach in other local The payoff from investing in aim is that we will improve the schools, often ones in economically- language training is that children teaching of Chinese in the United deprived areas. Schools are will have the opportunity to learn Kingdom. This will be achieved selected based on their ability to a language that is profoundly by ensuring that there is a higher organise the outreach element of different from English or any standard in the quality, the quantity the initiative amongst other things.” and, perhaps most importantly, the other languages they are likely to reach of Chinese teaching into areas Currently, the SCLF has 12 encounter in school. This helps where people don’t necessarily have Centres, and these are located in broaden their world view and, the option to study the language at Birmingham, Edinburgh, Glasgow, perhaps more crucially, develop present.” Gosforth, Leeds, Liverpool, London, skills in Chinese that will distinguish Manchester, Newcastle, Norwich, them in later life and could increase As China’s economy grows, relations Oxford and Sheffield. From these social mobility. between Britain and China become bases, the SCLF is able to reach Rob Neal is coordinator of the closer and more important than a total of 93 schools across the Swire Chinese Language Centre ever. “There has been a noticeable United Kingdom and employ 22 Manchester; he has taught Chinese strengthening of the ties between qualified Chinese teachers. Britain and China in the past few for a number of years in Britain, years, with a particular focus on An important aspect of the SCLF is after spells abroad teaching in economic and cultural relationships. that it is not prescriptive in any way, Japan and at Peking University in It seems likely that the approach as Teddy Watson notes: “We are not Beijing. Rob stresses the cultural of Brexit will push Britain to forge educationalists saying, ‘This is how benefits of learning Chinese: “I greater connections with the world you should run your programme’. like to highlight the intellectual, outside Europe, and China plays We set a range of basic parameters cultural and educational reasons a large part in that. As a nation, about what we expect the schools for learning Chinese. For example, we need to build our links with to do, but say ‘you are the experts, students are fascinated to learn China as strongly as possible and show us how you will run it and, if that there are separate words for that, inevitably, involves language we like it, here’s the money’.” older brother and younger brother learning,” says Sam. in Chinese. Dig a little deeper and this soon leads into a fascinating

14 May 2018 SWIRENEWS 15 CENTRE STAGE CENTRE STAGE

equip and prepare young people for three head teachers from the Swire 11, from the Manchester Enterprise the emerging opportunities that link Chinese Language Centre Edinburgh Academy, says: “I am interested with China will offer,” he says. Adds founding schools have reported that in studying Chinese because the David Dempster: “I am sure this feedback from parents has been country is fascinating and it is a interest in and engagement with the overwhelmingly positive, in regards new language I want to learn.” In Chinese language means our pupils to both the language itself and the our ever-more connected world, the will travel to, live and work in China quality of the teaching staff. ability to forge strong connections at some point in their lives.” with new friends and old by sharing But perhaps, in the end, the most an understanding through language important factor that will decide will be the true marker of success the programme’s success is – for Britain, for China and for the Teddy Watson, Executive Trustee of the SCLF Rob Neal, coordinator of the Swire Chinese Language Centre Manchester Sustaining momentum the enthusiasm of the students Swire group. themselves. As Najeeha Khan, aged Sam Swire sees sustainability as discussion about the importance of from ten schools in the area receive language opportunities in the a vital element in ensuring the age in Chinese culture. My hope is regular, timetabled Chinese lessons, school.” Boroughmuir High School desired impact on British schools that in ten years’ time, some of my and both sets of figures are set has also established links with actually happens over the long- current students will get in touch to rise as more schools join the educational institutions in Hong term. The programme is only in its and tell me that they’ve got a plum initiative. Kong and Shanghai. second year, but the intention is job which involves using Chinese that it runs for ten years, in order to every day.” Since becoming a founding member Just a short drive from of the Swire Chinese Language Boroughmuir, George Watson’s give the schools sufficient time to Centre Edinburgh, Boroughmuir College, an independent school, become self-sustaining. Whilst it is High School, which is a state has used funding to benefit other difficult to measure success over its Creating opportunities school, has used the funding to schools in the community. Its short period of existence to date, in embed Chinese into its curriculum. Principal, Mervyn Roffe, feels the last year alone, just under 3,000 North of the border, the Swire During the 2016-2017 academic the Foundation has planted the pupils in the UK learnt Chinese Chinese Language Centre in some capacity. This year, that year, pupils in S1 – the first year in seeds that will influence future ENRG Edinburgh, in Scotland’s capital, secondary education in Scotland generations of students: “The number rose to more than 7,500, GASG was established in 2016 and is – were given the option to study funding from Swire has enabled and, within five years, is expected a collaboration between three to go well past 20,000. However, GSRT Mandarin as their language to us to share our best practice with NECASTE founding schools in the area: take through the school, while other schools and has given extra the numbers can only continue to Boroughmuir High School, George senior students could work enrichment opportunities for our grow in the long-term if the schools Watson’s College and James themselves develop resources to towards National Qualifications students. There is an increased EES Gillespie’s High School. With in years S4, S5 and S6. “Prior to interest in China in all parts of support them: “We want to fund the ANCESTER support from key partners like this programme, our school had education.” programme in such a way that by ER SEE the Scotland China Education the time we stop our funding, our never had the opportunity to offer NRC RNGA Network, the Centre is able to Chinese,” says David Dempster, Donald Macdonald, Head Teacher schools are able to take Chinese provide qualified, registered Chinese the school’s Head Teacher. “Now, at James Gillespie’s High School, on themselves as a mainstream language teachers to teach in our students can study Chinese highlights how learning Chinese subject in their curricula,” says Sam. R NN primary and secondary schools in in a variety of forms, from a short will help British pupils seize Achieving a successful, sustainable and around the city. The Centre taster course, to a fuller form of opportunities in the future: “There future for Chinese teaching in itself is ‘virtual’, and teaching study via a National Qualification is enormous and growing interest British schools depends in large takes place at the students’ home in the subject,” he says. “Year-on- in learning Chinese and connecting part on how parents and pupils schools. At present, 703 pupils year, we see the provision growing with China. Increasingly, educators are aware that we need to better react to the courses on offer. All to meet pupil demand, alongside Swire Chinese Language Centres the excellent French and German

16 May 2018 SWIRENEWS 17 INSIDER INSIDER

is different from others, and you will be more able to appreciate the fun, The Niki and Betsy Awards A duty to help and the challenges, it brings.

The Niki and Betsy Awards are annual employee

awards for Cathay Pacific and Cathay Dragon staff. If you didn’t work as The Niki Award is for exceptional work behind the What does it mean to go beyond the call of duty? Cathay Pacific scenes, while the Betsy Award celebrates those crew, what job would you like to do? Flight Purser Tsuyoshi Tagawa knows a thing or two about exceptional who have taken customer service to the next level. service, having recently won one of the airline’s coveted “Betsy” The awards are named after Cathay Pacific’s first It will be difficult to go back to the Awards for a third time. His most recent honour recognised his two DC-3 aircraft, which founded the airline’s fleet “real world” after doing this job! However, I’ve started to think about selflessness in assisting a Japanese student who suffered a seizure in 1946. The real “Betsy” can be seen at the Hong Kong Science Museum. the next stage in my life and I’d inflight. like to become a guide for foreign tourists in Japan. It gives me a lot of pleasure to introduce the beauty What happened on that flight? of Japan to others and I’m already a What drives you to help Why did you become government-certified guide. We were flying from Osaka to Hong Kong and I was others? cabin crew? working in the Business Class cabin. We were told there I think it is the responsibility of Like many others, I became a flight was a medical emergency at the other end of the aircraft Is travel still important anyone who becomes aware of a attendant because I love to travel. I and I went to see what was happening as soon as I could. problem to do something. If you see joined Cathay in August 1996, so it’s to you? I could tell that the young man was having an epileptic litter on the floor, you pick it up. If been almost 22 years! seizure, so I monitored him carefully to ensure he didn’t Francis Bacon said that “reading you see a kid falling down in front hurt him himself, and gave him oxygen. When I saw he maketh a full man; conference a of you, you do what you can to help. was recovering, I talked to him continuously to help him ready man; and writing an exact And when this incident happened on remain conscious. What is the biggest man”. I would add that “travel makes the aircraft, I felt it was my duty to satisfaction you get a strong man”. My first real travel help. Of course, I prefer to stay away from your job? experience was when I was 20 and I from problems if I can! What happened after the aircraft spent two weeks travelling alone in

The greatest satisfaction for me is Hokkaido, in Japan. I met many nice landed? when crewmembers work together people, saw the wonders of nature There was an ambulance waiting to take the student and Was there a single towards the same goal, or to solve a and faced difficult situations. I grew his friend to a local hospital. Once I’d signed off from my person or incident that particular problem. a lot on that trip, and I still get the duty, I went straight to the hospital to see them – I knew reinforced your desire to same feeling when I travel now. that he and his friend must be very confused and would help others? need assistance. I contacted the Japanese consulate What advice and helped the student call his parents. I checked his What I just said about everyone do you have for insurance coverage, got information about the hospital having responsibility was something young people fees, and told them what they needed to do to organise I heard at a political symposium: a who want to their flight back to Osaka. young Japanese politician gave this become flight answer when asked why she had attendants? been fighting the government on behalf of HIV phytotoxicity litigants, How do you feel about winning Don’t become a flight and her words stayed with me. Also, another Betsy award? attendant as your I joined a volunteer team to support first job. Get some victims of the 2011 earthquake in This is not just my award: I want to share it with all experience working on northeast Japan, and I still go there the crew on that flight; because, in a situation like this, the ground first and once a year. Seeing thousands of it’s all about great teamwork. Many of our crew have then you will realise people working together to help Tsuyoshi (second from left, second row) taking part in a Cathay experienced similar cases and we all make our best effort that the cabin crew job Pacific safety training exercise in 1997. every day – it’s not just me! others made a big impact on me.

18 May 2018 SWIRENEWS 19 INSIDER INSIDER

Writing the next chapter

In July, Merlin Swire will relinquish his role as the London-based CEO of John It goes without saying that the Weathering some tough times continuity in spearheading this Swire & Sons Limited and succeed John Slosar as Chairman of Swire Pacific group’s Mainland China interests – over the long-term is a given in critical initiative to turn the airline’s Limited in Hong Kong. It is an appointment that has intrigued market analysts, with China forecast to become the business, and Merlin is taking fortunes around. “My role will be world’s dominant economy within over Swire Pacific at a time when to support the leadership team because it is the first time since the 1860s that a member of the Swire family the next generation – will inform some of its best known companies in completing the programme, has taken up the reins of Taipan. Meanwhile, John is to stay on in Hong Kong as Merlin’s strategy as he leads Swire have been hard-hit by market in preparing plans that take best Chairman of Cathay Pacific Airways. Swire News recently caught up with the Pacific into the next chapter of its forces. Maintaining morale in advantage of the opportunities development. “Our businesses that those businesses that have been and strengths we have, and in then outgoing and incoming Taipans and asked them to elaborate. operate in China have built a very struggling in recent years, and executing those plans,” says John. solid platform over the last two that have had to reduce staff “Having spent nearly half of my decades, in particular Properties numbers, will therefore remain a career in the airline, I am delighted and Beverages, and I think are key challenge for the leadership to be able to support the efforts of well positioned to take advantage team. Difficult cost-cutting has the Cathay team. Of course, aviation of the growth in spending power already been effected by Swire as a business has even at the best in China in the years ahead”, he Pacific Offshore in response to the of times been competitive and says. “The reputation of the Swire acute down-turn in the offshore oil challenging, but the Cathay Pacific and Taikoo brands for quality and and gas industry, but, says Merlin, Group has a superb team of service reliability continues to strengthen. “a return to profitability will require professionals, a great product for I hope we will find ways to leverage a significant step-up in exploration our customers, a strong leadership that strength into new business activity by the oil majors – which is team and, on top of all that, is opportunities. We are a diversified something beyond our control.” based in the most dynamic city in conglomerate and intend to remain Asia – Hong Kong.” Adds Merlin: “I’m one, so we should always be open At Cathay Pacific, which has been confident that John and the team to new directions. In particular, severely affected by the challenging will achieve the goals of the current I’m keen for us to increase our operating environment, a long and three-year plan. The competitive commercial presence in those arduous journey began last year pressures are here to stay, though, parts of the Greater Bay Area now with the roll-out of the three-year and Cathay will no doubt need a becoming more easily linked with transformation programme. This mind-set of continual improvement Hong Kong.” is where John Slosar’s unrivalled over the long-term.” expertise and experience comes “Hong Kong has been a central policy? Says Merlin: “It certainly into play, providing all-important part of our family’s story and doesn’t represent a permanent every generation of the family has change to our governance structure, become very familiar with the city and market watchers would be at different times,” says Merlin. mistaken to interpret it as such. “We’ve always loved Hong Kong Being in Hong Kong will provide a and its way of life and have, I think, great opportunity to refresh long- shown ourselves to be a committed standing family relationships, and presence through good times and to make new ones. I’m also looking bad. So to have a family member forward to being exposed in a more as the Chairman of Swire Pacific direct way to the economic and for a period is a natural extension political trends that are affecting of that commitment.” But does this our businesses in the region.” move represent a shift in group

20 May 2018 SWIRENEWS 21 INSIDER PEOPLE

Scott Cup 2018

And now, Merlin is looking forward to returning with his family to live The 69th Scott Cup Competition took place at the Shek O Golf and in Asia, after a decade in London. Country Club on Friday 2nd February 2018. As tradition dictates, it “Although I’ve been a regular visitor to both Hong Kong and Mainland was the coldest day of the year in Hong Kong, with temperatures well China during that time, there is no below 10 °C, but 49 hardy souls still chose to brave the elements to substitute for living somewhere to really feel what makes it tick. I’m compete for the silverware. excited, too, to be returning with Laura and my daughters, who will I know have a fantastic experience. The Scott Cup was first presented Stableford points on the final nine Seeing Hong Kong through the eyes in 1950 by John Scott, a Director holes of the course.) The second of a three-year old is going to be of JS&S, who decided that a golf runner-up was Martin Murray, of fun.” tournament would be a suitable Cathay Pacific, with a score of 34 sporting event for an annual points. So does our retiring Taipan have any gathering of Swire group staff. The insights to offer his successors, after Alethea Scott Rose Bowl trophy for The winner of the Alethea Scott almost 38 years with the group? Rose Bowl was Eun Ju You, of As he steps back from the Like John, Merlin has worked in ladies was presented by John Scott’s Says John: “I think the Swire group Cathay Pacific, with a score of 29 leadership of Swire Pacific, we asked a number of the group’s aviation wife, Alethea, in 1964. The Taikoo is well positioned for the future. points, closely followed by runner- John which have been his most businesses, beginning with his very Cup was introduced by Swire group Over time, the biggest challenge is The winner of Scott Cup, Alex Jenkins up, Makiko Koda, also of Cathay memorable appointments, during first job as a management trainee Chairman, John Anthony Swire, in always building the right team, and from Cathay Pacific, receives the trophy Pacific, with 28 points. his long and distinguished career back in 1997, manning the check-in from John Slosar. 1973, for the leading Hong Kong – we in Swire work hard at doing just with Swire. “I can honestly say that desks at Kai Tak, when the former based player – thus ensuring that at that, so I think there are reasons for The overseas winners fared a little I have enjoyed every job I have had Hong Kong Airport was operating least one trophy remained in Hong confidence. I have always stressed better with the novelty prizes. The in the group!” he says. “During my well beyond its design capacity. Kong. the importance of teamwork – very winner of the Men’s Longest Drive career, I have been fortunate enough “Since when,” says Merlin, “I’ve had a few things can be achieved by one Six winners of regional qualifying was Tom Woolsey from Swire to have been able to play a role in lasting admiration for the calmness person alone and that is certainly matches competed in the Scott Cup Properties in Mainland China and the enormous growth in our airline under pressure of Cathay Pacific’s true in our businesses – so I am this year – from Australia, Mainland the Men’s Nearest-the-pin on Hole businesses, the development of our frontline staff.” very happy to have had a chance China, Japan, Singapore, Taiwan and No. 4 was won by Darren Edwards beverages businesses in China and to contribute to building the team the UK – but were less successful in from Finlay Beverages in the UK. the USA, HAECO’s setup in Xiamen There followed ten years working in that will carry the group forward the final, and all of the trophies went The winner of the Men’s Nearest- and move to the new Hong Kong Hong Kong, Australia and Mainland into the future”. He concludes: “It to Hong Kong players. the-pin prize for Hole No. 17 was International Airport and Tseung China, culminating in two years as has been the greatest honour and Abdul Jabbar Ali from Cathay Kwan O – and even some important Chief Executive of Taikoo Xiamen Mark Windmill from Asia Miles wins the pleasure for me to have been able to Taikoo Cup. The winner of the Scott Cup, with a Pacific, and the much sought-after property projects in Mainland China Aircraft Engineering (TAECO) – now work together with all my fantastic Stableford score of 35 points, was Award for Sportsmanship (better and at Taikoo Place in Quarry Bay, HAECO Xiamen – a posting that Swire colleagues, and I have greatly Alex Jenkins of Cathay Pacific. The known as the Wooden Spoon) went during my time as Chairman. I have left him with particularly fond appreciated your ideas and support. runner-up and winner of the Taikoo to Mark Celenk, also of Cathay always believed that you get out memories. “It’s a wonderful business I believe that, for the Swire group, Cup, was Mark Windmill, from Asia Pacific. of things what you put in, so I have with a great team, and its success the best is yet to come, and I look Miles, also with a score of 35 points. always tried my best to do the right since the mid 1990s has been a forward to seeing you all making (In the event of a tie, the winner is things and to do them well and in perfect example of the group’s great things happen!” decided by the highest number of the right way.” ability to create a business of real quality from start-up to maturity. Xiamen was also a delightful city in which to live, with a wonderful tea- drinking and seaside culture.” The Rose Bowl is won by Cathay Pacific’s Eun Ju You.

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The Ladies’ Nearest-the-pin prize with 33 points, followed by John Australia Southeast Asia Japan including Cathay Pacific, Cathay was won by Kelly Chak from Cathay Whittaker on 30 points, representing The Scott Cup qualifier took place The Southeast Asian Scott Cup The Japan Scott Cup qualifier Dragon, Swire Coca-Cola Beverages Pacific Services Limited and the a clean sweep for Finlays. Graham on 1st December 2017 at Moore qualifier was held at the Singapore was held on 10th October 2017 at and Taikoo Motors. Ladies’ Straightest Drive was won by Bardsley won the Nearest-the-pin Park Golf Club, Sydney. Local Island and Country Club on 6th Raforet & Matsuo Golf Club. This our Champion, Eun Ju You. prize and John Palfreyman was the Sydney competitors were joined by October 2017. This year the weather year, there were 22 players from the This year’s champion was Tom Tao recipient of both the Longest Drive the winners of the four intra-state was particularly hot and sunny and various Cathay Pacific out-ports and from Taikoo Motors, with a score of The Chairman of John Swire & Sons Award and (with the lowest points competitions, held in November: the sunscreen giveaway certainly the winner was Kiyotaka Nakayoshi, 19. Tom received his trophy from (H.K.) Limited, John Slosar, and total) the Wooden Spoon. Meng Chung Thong of Cathay came in handy. Perhaps it was Licensed Aircraft Engineer, from Swire Group Taiwan Chairman, his wife, Joy, kindly presented the Pacific from Western Australia, the heat, or maybe just youthful Osaka. Derrick Chan, at the awards dinner trophies and hosted the prize-giving Brad Haskett of Cathay Pacific exuberance, but there was plenty of following the match and there were Mainland China party at the Shek O Bungalow. from Victoria, Howard Field of competition for the Wooden Spoon also prizes for Nearest-the-pin and The Swire China Scott Cup qualifier Taiwan Cathay Pacific from Queensland and from the younger China Navigation Longest Drive. Reports from the regional qualifiers: was held at Shanghai Sheshan Scott Cup Taiwan 2017 took place Stephen Blackmore of Swire Cold Company (”CNCo”) contingent, with Golf Club on 27th November on 6th November at Tashee Golf Storage from South Australia. The Jamie Gordon eventually securing 2017. A total of 29 players took Club in Taoyuan County. The Kenya UK golfing conditions were perfect, with the coveted good sportsman prize, part in the competition, with 13 weather that day was clear and The Scott Cup qualifier was held The UK Scott Cup qualifier was the course in great condition; the having scored just three Stableford representing Swire operating a total of five teams – 16 players on 6th December 2017 at Kericho held on 14th June 2017 at the sun shone the whole way around points with a handicap of 24! companies in Mainland China. The – took part, with most Taiwan Golf Club, in the Rift Valley Province Royal Wimbledon Golf Club. The and there was a light breeze. No one managed to land on the competition started at 11am after operating companies represented, in western Kenya. There were field was smaller than usual, with green to take the Nearest-the-pin a warm-up round and finished at 40 participants, who played in 16 competitors from four group The winner of the local competition, prize, but Thibault Thiery of Swire 4pm. Thomas Woolsey, Assistant typically fine Kericho weather. The companies. It was a hot day and the Martin Speyer Trophy, was Nigel Pacific Offshore eventually won the Portfolio Manager, HKRI Taikoo Hui, tournament was open to Finlays conditions were difficult, which Chynoweth from Cathay Pacific Longest Drive at 240m. Will Purcell was announced the winner, and Lin staff and Kericho Club golfers. affected the scoring. The winner with 38 points. Additional trophies of CNCo was overall winner of the Liang-qi, President of Akzo Nobel was Julian Davies with 37 points; were provided to the winners of the regional Scott Cup trophy, with John Smith emerged the winner China, was the runner-up. Darren Edwards was runner-up Retirees Trophy, Peter Lamrock, 39 Stableford points, playing off a with 36 points, playing off a the Cathay Pacific Cup, Nigel handicap of 20. handicap of 20. Chris Birgen was Chynoweth, and the Ross Gregg runner-up, beaten on a count-back, Shipping Trophy – shared between while Eunice Korir and Sammy Denis Speyer and Stephen Westfield. Kirui took third and fourth positions respectively. Unfortunately John The winner of the John Masson couldn’t attend the Hong Kong Armada Plate and the trip to Hong competition due to sickness. Kong to represent Swire Australia in the Scott Cup final was Nigel Chynoweth.

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Finlays village electrification HK Vertical 1000

Last December, Don Taylor, Swire Properties’ Director, Office, bravely abseiled his way down all 68 floors of One Island East, as part of the HK Vertical 1000 challenge. It is the first time that an event of this type has taken place in Hong Kong and funds raised will go to Outward Bound Hong Kong, to be used to run adventure training programmes for the city’s disadvantaged youth. Taikoo Place and EAST, Hong Kong were both official partners in the challenge, which offered 34 abseilers a rare opportunity to descend one of the city’s most iconic commercial buildings, and – at 298 metres – its seventh tallest. Don, a sports enthusiast who keeps fit by trail-running in Hong Kong, was keen to sign up for this unique and exhilarating challenge right on his own office doorstep. “It was an extreme adrenaline rush for a great cause which helps young people develop their full potential through sport,” he says. Caroline Chephorir (centre), with her two Marinyn-Elgon village is illuminated. sons, Collins (left) and Ian (right)

Last year, Finlays’ Kericho tea estate made the decision of the beneficiaries is Caroline Chepkorir, 34, who lives to invest US$4.2 million in the electrification of the at the heart of Finlays’ estate in Marinyn-Elgon village. estate workers’ villages, in a first-of-its-kind project Caroline, who has worked at Finlays for ten years, says: in Kenya. Because of locational constraints, very few “Ever since my house was connected, my life has really East African tea estate villages are hooked up to the changed. My three children are able to study for longer electrical grid and Finlays has been exploring and hours; their grades in school have really come up and implementing a range of alternative options to providing they are making good progress”. Violet Aoko, 26, another power over many years, including solar farms. Thanks employee at the estate, says: “The electricity has enabled Sharing his passion to increased government-sponsored rural electrification me to watch the TV news in my house for the first time. I programmes in Kenya, however, Finlays now has access am also able to charge my phone in my house at no extra to the infrastructure to allow it to be one of the first tea cost; before power came, I used to have to pay to charge Swire Pacific Offshore’s Marine Services Director, Rupert companies to provide mains electricity in its staff houses. it at the local kiosk”. Bray, began playing rugby at a early age and progressed The project is being carried out in conjunction with to playing competitive rugby at university; he has been Finlays works continually to improve conditions for its leading Kenyan mini-grid developer, PowerGen, and will an avid player and supporter ever since. Rupert is a firm staff. A recent initiative has involved the installation of electrify 5,500 homes across 83 villages, with A/C power believer in the positive benefits of sport on personal fuel-saving cooking jikos, which not only reduce firewood already provided to 1,200 dwellings; it is scheduled for development and when he moved to Singapore in 2012, requirements, but are quicker and safer to cook on Photo courtesy: Eric S C Lim completion in September. volunteered at the Tanglin Rugby Club as a coach. In than traditional stoves. All estate employees and their 2015, he qualified as a World Rugby referee and he is now At the beginning of the wet season in Kericho, the impact immediate dependents have access to free primary and a member of the National Panel of Rugby Referees in of electrification can clearly be seen, as new security secondary schooling on-site, and to free primary and Singapore. At weekends, Rupert spends six to ten hours lighting ensures paths and communal areas are well secondary healthcare. on the field, refereeing championship games, coaching lit. Inside the homes, the impact is even greater. One children and adults and playing touch rugby. Rupert is also closely involved with Fiji-based Daveta Rugby Club and pledges all his professional refereeing fees to Daveta, in support of their good work in nurturing Fijian Rupert Bray refereeing a girls’ rugby match in Singapore. players to pursue the sport and develop professional rugby careers.

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Appointments

Cathay Pacific Airways Ltd. International Automobiles Ltd. John Swire & Sons (China) Ltd. John Swire & Sons (H.K.) Ltd. Judy Huang Calvin Heung Wing Hang Sunny Koo Tat Sun Yan Su Ken Chan Hin Shing Patrick Lee Pak Hang Iris Ng Ho Yee Winnie Wong Kwok Yan joined Brand, Insights and joined Product – Commercial joined After Sales – Passenger joined as General Manager & has been appointed Server has been transferred to Swire of Company Secretary’s of Swire Pacific Ltd. – Corporate Marketing Communications Vehicles Department as Product Cars Department as After Sales Representative. Engineer. Pacific Ltd. – Treasury and Department has been promoted Finance has been promoted to Department as Head of Insights. Manager. Manager. was appointed Senior Project to Grade D as Assistant Grade C as Corporate Finance Cathy Chow Ting Fong Manager – Treasury. Company Secretary. Manager. of Finance & Accounts John Swire & Sons (H.K.) Ltd. Taikoo Sugar Ltd. Department has been promoted Diesel Leung Tin Man Oliver Ng King Him Sue Yiu Sze Ki to Grade C as Accounting has been appointed Senior of Swire Pacific Ltd. – Corporate has been appointed Executive Elaine Chan Yuen Yu Susan Reid Wheeler Momo Mok Yee Hung Manager. Technical Support Engineer. Finance has been promoted to Assistant. joined Group Retirement joined Staff Director’s joined Commercial Department Corporate Finance Manager. Benefits Department as Department as Project as Product Manager. Keith Fung Wai Kin Lanco Leung Ching Nam Manning Yong Mun Hang Manager. Manager (Business Relationship has been seconded to Swire of Group Internal Audit Alvin Wan Chun Wah of Group Internal Audit Manager). Pacific Ltd. – Beverages Division Department has been promoted of Swire Pacific Ltd. – Corporate Department has been promoted and was appointed Finance to Senior Auditor. Finance has been promoted to to Grade A as Head of Group Director. Grade C as Corporate Finance Internal Audit. Meris Mok Pui Man Manager. Promotions, Transfers & Title Changes Polly Im Yuk Yee of Group Retirement Benefits Matthew Young Wai Heng has been appointed Accountant, Department has been promoted Sammuel Wan Shun Man of Company Secretary’s Asia Miles Ltd. Swire Pacific Ltd. – Group to Grade D as Accounting of Group Internal Audit Department has been seconded Finance. Officer. Department has been promoted to John Swire & Sons Ltd. as

Mark Windmill to Senior Auditor. Assistant Company Secretary. has been appointed Chief Wing Ko Wing Ho Della Ng Lai Ying Financial Officer. has been appointed Project of Swire Pacific Ltd. – Treasury Manager. has been promoted to Grade A as Group Treasurer. Cathay Pacific Airways Ltd.

Commercial Financial Services Information Technology People Swire (Beijing) Management Swire Beverages Swire Blue Ocean A/S Swire Pacific Cold Storage Consultancy Ltd. Aldric Chau Jessica Fogarty Jack Zhang Wendy Kwok Alex Ng Cheuk Fai Mikkel Gleerup Henry Zhao Yulong has been appointed Head of has been appointed Head of has been appointed Head of has been appointed Head of Su Su has been promoted to Grade B has been appointed Chief has been transferred to Swire Retail & eCommerce. Internal Audit. IT Solutions – Customer & Digital Employee Experience & of Group Internal Audit as General Manager, Financial Executive Officer. Cold Chain Logistics (Shanghai) Commercial. Analytics. Department has been promoted Services. Co. Ltd. and was appointed to Senior Auditor. Operations Manager. Service Delivery

Melchi Sin Swire Properties Ltd. has been appointed Head of BEIJING Planning – Inflight Service. Nicole Chen May Li Lucas Xu Zhiyuan Summer Zhang has been retitled Tax Manager. has been appointed Assistant has been appointed Business has been retitled Assistant Cathay Pacific Services Ltd. Chongqing New Qinyuan Damin Foodstuffs (Zhangzhou) Ethos International Ltd. Finance Manager. Development Officer. Director – Human Resources. Bakery Co. Ltd. Co., Ltd. Karen Fu Mark Konrad Mak Chun Yin has been appointed Assistant Li Ning Shine Yin has been appointed Head of Noel Lok Wai William Cheng has been appointed Senior Public Affairs Manager. has been appointed Deputy has been appointed Assistant Finance. has been promoted to Grade B has been appointed Chief Programme Administrator. Director – Human Resources & Corporate Finance Manager. as Finance Director. Financial Officer. Administration.

International Automobiles Ltd. Jessie Kwong Hau Lin Brian Lee Fuk Kin Carson So Chun Eric Tam Wai Leung Chun Tian Luna Li Lynnette Li Emma Wu Xian has been retitled Logistics & of After Sales – Commercial of Sales – Commercial Vehicles has been retitled Operations has been appointed Human has been appointed Legal has been appointed Assistant has been appointed Assistant Licensing Manager. Vehicles Department has Department has been promoted Director. Resources Manager. Manager. Portfolio Manager. Portfolio Manager. been promoted to Grade D as to Grade D as Assistant Assistant After Sales Manager. Business Development Manager. Crystal Li has been appointed Assistant John Swire & Sons Ltd. Portfolio Manager. John Palfreyman has been appointed Assistant Group Financial Controller.

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CHENGDU GUANGZHOU SHANGHAI

Sino-Ocean Taikoo Li Chengdu TaiKoo Hui Vikki Tang Craig Yan Wei has been appointed Assistant has been appointed Molly Wu Max Li Eva Lin Business Development Manager. Assistant Director – Portfolio has been appointed General has been appointed Property has been appointed Assistant Management. Manager. Manager. Finance Manager.

HONG KONG HKRI Taikoo Hui blueprint Development & Valuations Zoe Chow has been appointed Anthony Liu Ming Fai Lily French Rachel Li Cherry Ng Assistant Director – Portfolio has been retitled New Ventures has been appointed has been appointed has been appointed Senior Management. Lead. Development Officer. Development Manager. Development Manager.

Lewina Lee Leo Mak Desmond Ng has been appointed has been appointed Assistant has been appointed General Swire Seabed AS Portfolio Manager. Technical Manager. Manager. Mark Colbridge Are Nordahl has been appointed Commercial has been appointed Head of Manager, Middle East & Asia Sales. Finance Marketing & Communications Pacific. Joanna Lai Charlotte Siu Fion Tse has been appointed Head of has been appointed Treasury has been retitled Assistant Legal. Manager. Digital Marketing Manager. Taikoo Sugar Ltd. Phoebe Ho Fanny Tsui Yau Sum Cyrus Wai Ping Ki has been appointed Finance of Commercial Department has of Finance & Administration Portfolio Management Director. been promoted Sales Manager. Department has been promoted Juliana Chan Lisa Gainsley Theresa Leung to Finance Manager. has been appointed Deputy has been appointed Portfolio has been appointed General Marketing & Promotions Manager (TPMO). Manager, Pacific Place. Manager (PPMO). Eugenia Lee Hoi Kei Vincent Lo Long Service Winsze Chung has been retitled Senior has been retitled Assistant has been appointed Senior Portfolio Manager (CPMO). Technical Manager. Portfolio Manager (TPMO). 30 years 25 years

John Swire & Sons (H.K.) Ltd. John Swire & Sons (H.K.) Ltd. Projects Maggie Wong Wai Yee Tom Cohen Joseph Choy Frederick Kong Wilson Ng – Manager – Salaries – Head of Group Risk has been appointed Project has been appointed Project has been appointed Project Section, Finance & Accounts Management, Swire Pacific Ltd. Manager. Manager. Manager. Department

20 years Technical Services and Sustainable Development John Swire & Sons Ltd. Dian Cheung Amie Lai has been appointed Assistant has been appointed Senior Gary Driscoll Ken Livingstone Nora Rynne Health & Safety Manager. Sustainable Development – Head Messenger – Caretaker – Personal Assistant to Manager. Company Secretary

MIAMI 10 years

Nerida Deza Christopher Groenewald Angie Huerta Joanna Ku Yuk Chun John Swire & Sons Ltd. John Swire & Sons (H.K.) Ltd. has been appointed Director of has been appointed Associate has been appointed Office has been appointed Vice Harry Ash Michael Fuh Tung Hai Nelson Law Yat Keung Rebecca Sharpe Residential Sales. Director of Finance. Manager. President, Development. – Messenger – Finance Director, Taikoo – General Manager – Group – Group Director Finance, Hong Motors Taiwan Supply Chain, Swire Foods Kong Aircraft Engineering Co. Holdings Ltd. Ltd.

30 May 2018 SWIRENEWS 31 PEOPLE

Retirements

John Swire & Sons Ltd. John Swire & Sons (H.K.) Ltd. David Perkins Isabella Wong Ka Yin Assistant Group Financial Assistant Company Secretary Controller, retired in December of Company Secretary’s 2017 after 15 years of service Department, retired in February with the company. 2018 after seven years of service with the company.

Marriages

Ray Fung Yue Kwong Florence Lam Sze Man David Poraj-Wilczynski of Cathay Pacific Airways Ltd. of John Swire & Sons (H.K.) Ltd. of The China Navigation Co. Pte. married Catherine Sin of married Calvin Lee Ka Wo in Ltd. married Jessica Pownall Cathay Pacific Airways Ltd. in January 2018. in August 2017. November 2017.

Births

To Ciar Angharad McCarrick To Ian Ngai of Swire Coca- To David Poraj-Wilczynski of John Swire & Sons (H.K.) Cola, USA, and Charlotte, a of The China Navigation Co. Pte. Ltd. and Ewan Dugald daughter, Keila, in January Ltd., and Jessica Pownall, a Carmichael, a son, Hugh 2018. daughter, Cosima Elizabeth Gabriel Morrin, in June 2017. Catherine, in January 2018.

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