Zero Harm is a Company-wide commitment to eliminate or mitigate health and safety hazards across our operations, encompassing all our people, regardless of their seniority or level of experience. It means no fatalities, no injuries, and no harm to both physical and mental wellbeing as a result of our business activities.

We hold a steadfast belief that health and safety should never be compromised over business objectives. To achieve Zero Harm requires an elevated level of commitment by everyone to go beyond compliance and proactively work on an ongoing basis to introduce best practice OHS solutions that maintain a safe and harm-free environment for all our stakeholders.

In 2025, our commitment to Zero Harm remained on track across the Company. We achieved year-on-year improvements and record-best performance figures in our TRIR, LTIR and LDR.

The health and safety of our employees, customers, contractors, and members of our community are paramount to our business. Inadequate or failing health and safety procedures on construction sites or in Company premises present significant risks that can result in fatalities, major injuries, and other safety issues, resulting in construction delays, operational disruption, insurance premiums increases, and reputational damage.

Managing these risks effectively is critical to maintaining business continuity, meeting regulatory requirements, and upholding our sustainability commitments. We adopt a proactive approach by embedding robust safety systems, delivering comprehensive training, and prioritising hazard prevention throughout our operations.

Leadership oversight of health and safety performance is part of our Safety Management System (“SMS”). The Health and Safety department reports directly to the Chief Executive, and our Head of Health and Safety provides a health and safety briefing every two weeks to the Chief Executive. Health and safety is also a standard agenda item at Executive Committee meetings chaired by the Chief Executive, reported in quarterly board papers and reviewed at every board meeting. Health and safety performance indicators and initiatives are also presented to Swire Pacific on a quarterly basis. The Chief Executive is ultimately accountable for health and safety matters, and their management, oversight and implementation has been delegated to the Head of Health and Safety.

Swire Properties has Safety Management System Steering Committees (“SMSSCs”) in place in Hong Kong and the Chinese Mainland. These are formed by health and safety representatives from each management office. The SMSSCs meet quarterly to monitor and evaluate the Company’s safety performance, risks, and progress towards targets. Findings and updates from the SMSSCs are communicated down to the portfolio level through each portfolio’s Health and Safety Working Group.

Swire Properties’ SMS is certified to the ISO 45001:2018 standard, the international standard for Occupational Health and Safety Management. In 2025, approximately 87% of our assets¹⁷ in Hong Kong and the Chinese Mainland conformed to the ISO 45001 systems including our residential portfolio. Our hotels’ SMS is aligned with the principles of ISO 45001: 2018.

Health and safety coordination meetings and training sessions are held with representatives from Swire Hotels on a regular basis. Relevant matters of significance relating to health and safety as well as performance are included in the quarterly reports to the Board and Swire Pacific.

Swire Properties continuously invests in health and safety resources to ensure the successful management and implementation of our Zero Harm Commitment and health and safety programmes. In line with our portfolio expansion, we have strengthened our Health and Safety department through additional headcount – this ensures that we have sufficient resources to effectively manage our OHS programmes. As of December 2025, there were 17 full-time employees in Hong Kong and the Chinese Mainland who were exclusively responsible for health and safety. In addition, 10 Environmental Health and Safety engineers are stationed across our Chinese Mainland portfolios to provide additional support and expertise.

In Q1 2023, we launched the Company-wide 2023-2025 Health and Safety Roadmap to drive and reinforce our Zero Harm Commitment by clearly defining our OHS priorities, approach and deliverables over a three-year time frame.

In 2026, we launched our 2026-2028 Health and Safety action plan, focusing on driving our safety culture, guided by the Bradley Curve model, from an independent to an interdependent stage, which will lift us to best-in-class status. The plan also introduces technology and digital solutions to improve our OHS management and efficiency. We will also continue with the four pillars established under our original Health and Safety Roadmap.

Support for the Health and Safety Roadmap programme has been robust across the Company. The pace of adoption, number of inspections and removal of hazards from the workplace have all been achieved within scheduled timelines. In addition, the roadmap has elevated the level of health and safety awareness among employees and helped to establish a strong safety culture across the Company. In 2025, the roadmap produced the desired outcomes across its four core elements:

Design for Safety – The Design for Safety (“DFS”) programme focuses on integrating safety considerations into the planning and design phases of construction and renovation projects. Its primary objective is to proactively identify and address potential safety hazards and risks early in the project lifecycle and remove them before they are introduced into the work environment. With an emphasis on safe construction, constructability and maintainability, DFS is a collaboration between various stakeholders – architects, engineers, contractors, safety professionals and our internal technical and property management teams.

By incorporating safety principles and best practices into the design process, DFS creates safer working environments and reduces the likelihood of accidents, injuries and property damage during building construction and operational phases.

Adoption of this proactive approach has been successful. DFS has been incorporated into the Company’s Development Charter and is now an established and fundamental element of our project development process.

Deep Dive Safety Inspection Programme – This programme proactively identifies and mitigates potential serious hazards for staff and contractors across our properties while fostering awareness and promoting collaboration between stakeholders. In 2025, the programme inspected over 120 buildings and 16 active construction sites in Hong Kong, the Chinese Mainland, Southeast Asia and the U.S.A.

The programme focused on providing oversight on all our construction projects, where over 490 safety inspections were conducted by our internal safety team.

Hi-Po, Near Miss and Hazard Reporting – A robust and transparent reporting culture is a fundamental element of our proactive leading performance indicator. In 2025, we added initiatives to facilitate and encourage the reporting of potential or minor hazards and non-serious near-miss incidents. By incorporating safety reporting into existing frontline work orders and by launching a near-miss reporting QR code, near-miss and hazard reports in 2025 improved increased significantly, by more than eight times, compared to 2024.

Life Saving Rules Campaign – Delivered across Hong Kong, the Chinese Mainland and Southeast Asia, the campaign focuses on raising awareness about potentially fatal hazards associated with routine activities and preventative actions that must be taken.

In 2025, the campaign was delivered to all front-line staff and contractor teams engaged on our projects. A working-at-height safety campaign, which included video and guidelines, was produced in English, Chinese, Bahasa, Hindi, Nepalese, Tagalog, Thai and Urdu.