On 27th October 2015, a Letter of Intent (“LOI”) for Cooperation was signed between Swire Properties China, CITIC Real Estate and Dalian Port Real Estate, signifying the intention of the three parties to jointly study the design and advancement of the northern area of Dalian port. The LOI follows a Framework Agreement for the project signed by the three parties in January 2014.

Signing the LOI at Swire House in London were: (left to right) Mr Yang Xinke, Chairman of Dalian CITIC Harbour City Investment Real Estate, Guy Bradley, Chief Executive of Swire Properties and Mr Liu Dan, Deputy General Manager of the Port of Dalian Group, watched by Merlin Swire, Deputy Chairman and CEO of John Swire & Sons Limited, Mr Xiao Shengfeng, Mayor of Dalian and Sam Swire, Director of John Swire & Sons Limited (fourth, fifth and seventh from the left).