Guoco Group Limited (00019/00087) plans to issue a capital of HK$4.7 billion in Cathay Pacific Airways exchangeable bonds.

SWIRE PACIFIC A (00019) and SWIRE PACIFIC B (00087) announced on June 9, 2026, that Swire Pacific Finance (a wholly owned subsidiary of the company) as the issuer and the company as the guarantor have entered into a subscription agreement with the underwriter, pursuant to which Swire Pacific Finance conditionally agrees to issue bonds with a total principal amount of HK$4.7 billion. Based on the preliminary exchange price of HK$13.18 per share of CATHAY PAC AIR shares and assuming full exchange of the bonds at the exchange price, the bonds will be exchanged for approximately 356.6 million shares of CATHAY PAC AIR, representing approximately 5.9% of the total issued CATHAY PAC AIR shares as of the date of this announcement and after the full exchange of the bonds. Swire Pacific Finance expects to net approximately HK$4.652 billion from the bond issuance, intending to use the proceeds for general operating purposes.