22-DEC-1992

16:32

THE SWIRE GROUP HONG KONG

852 524 8001

P.02/03

Page 2 of 3

22.12.92

Date

May 1979

Sep 1979

Swire Group's Business Development with China

Event

D.R.Y. Bluck and Yao Kang visited Beijing at the invitation of CAAC

Swire Magnetics established contract processing operation at Guangzhou for moulding and assembly of audio cassettes.

1980

Cathay Pacific Airways started service to Shanghai.

Aug 1983

12 Jan 1984

4 Oct 1984

14 Mar

1985

15 Mar 1985

16 Mar 1985

Yao Kang visited Rong Yiren and CITIC agreed to be the sponsor of John Swire & Sons (China) Ltd.

John Swire & Sons (China) Limited - Beijing Representative Office opened. (issue date of official business license)

*Sir Adrian Swire attended CITIC 5th Anniversary Symposium

CITIC Swire Development Co. Ltd. - JV agreement signed.

Sir John Swire, H.M.P. Miles, and Yao Kang were received by Vice Premiers Li Peng and Yao Yi Lin.

Beatrice-CITIC Development Company Limited - joint venture contract signed, with business license issued on 14 Oct 1985.

(Swire Pacific's interest from 30 Dec 1988)

Swire industries Limited - Guangzhou Representative Office opened.

23 Sep

1985

1986

Cathay Pacific Airways started service to Beijing.

9 Jua 1986

7 Nov 1986

16 Jan 1987

3

Mar 1987

12 Aug

1987

25 Aug 1987

21

Dec 1987

10 Sep 1988

Swire Duro established contract processing operation at Shekou for manufacturing paints.

Wuxi BC Foods Company Limited - business license issued (Swire Pacific's interest from 30 Dec 1988)

CITIC acquired 12.5% shareholding of Cathay Pacific Airways

Sir Johu Swire, Sir Adrian Swire, H.M.P. Miles and Yao Kang were received by Premier Zhao Ziyang.

Nanjing BC Foods Co. Ltd. - joint venture contract signed (Swire Pacific's interest from 30 Dec 1988)

Hangzhou BC Foods Co. Ltd. - joint venture contract signed (Swire Pacific's interest from 30 Dec 1988)

Foshan Continental Can Co. Ltd. - JV contract signed

BC Garments Co. Ltd. - business license issued (Swire Pacific's interest from 30 Dec 1988)

...12

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