TOTAL EMPLOYEES
50,000+
50,000+
30%
Women on Board
Zero
Harm
1. On average over any three-year cycle.
Our people drive our performance. More than 92,000 colleagues1 keep our diverse businesses running smoothly and deliver the results that underpin our success.
Our businesses have an unwavering commitment to safety. Protecting our people and those we work with is fundamental to being a trusted employer and to sustaining operational excellence and a strong, reliable brand.
Our businesses are also committed to creating workplaces where our people feel respected, supported, and able to belong, because this directly strengthens how we work and perform. Inclusive work environments cultivate diverse perspectives and stimulate innovation, while helping to attract and retain talent.
1. This includes employees in operations and companies not within the scope of this report (e.g. Swire Coca-Cola's operations in Laos and Thailand, the Cathay group and Hong Kong Aero Engine Services Limited (HAESL)).
We aim to conduct our operations in a manner which safeguards the health and safety of our employees, contractors, suppliers, customers, the visitors to our business premises, and our local communities. Protecting our workforce is fundamental to our long-term success and sustainability. As our company expands across the region, our aspirational goal of achieving zero harm faithfully underpins our approach to health and safety management.
We have embedded robust procedures and controls across our operations aimed at ensuring that our employees and others on our sites stay safe. The health and safety of employees and contractors is covered by our operating companies' management systems and policies, and performance is monitored by our Group Internal Audit Department, risk committees and the Swire Pacific Board.
We focus on the following key areas:
Achieving zero harm via a strong safety culture in which employees are responsible for the safety of others and themselves. We aim to identify and manage potential hazards by conducting regular safety audits and reporting all incidents, including those considered to be minor so that we can share and learn from them. We also encourage reporting of near misses so that potential hazards can be identified and mitigated.
Our Health and Safety Committee is responsible for developing Group health and safety policies and guidelines, monitoring divisional performance, promoting education and training, sharing lessons learned and best practices, and developing internal health and safety capabilities.
Our Health and Safety Committee provides a platform to identify emerging risks as well as opportunities to further enhance our health and safety management.
Every division sets annual safety targets and submits a quarterly health and safety report to Group Risk Management and the Swire Pacific Board. With a view to continuous improvement in safety performance, every division also sets safety metrics for a 10 year period and these metrics are updated annually. At every Group Risk Management Committee (GRMC) and Board meeting, there is an update on health and safety performance. A separate working group focuses on health and safety in the Chinese Mainland, where the pace of regulatory change is made more challenging by varying regulations across provinces.
Safety leadership is key to a strong safety culture. Adequate knowledge and skills are required to manage health and safety effectively. Group and operating company strategic leadership receive industry specific and general health and safety training in accordance with our health and safety policy.
Swire Pacific uses two metrics to evaluate safety performance:
Lost time injury rate (LTIR): the number of injuries per 100 full-time equivalent employees1
Lost day rate (LDR): the number of work days lost to injuries per 100 full-time equivalent employees
In 2025, our LTIR decreased by 22% to 0.21 from 0.27 in 2024 and LDR decreased by 24% to 11.84.
Regrettably there was an employee fatality at Swire Coca-Cola Vietnam in 2025. Following a full investigation, enhanced mitigation measures were implemented.
At the Group level, our ultimate objective is to achieve zero harm. All divisions are committed to maintaining a record of zero fatalities. Swire Properties, Swire Coca-Cola and HAECO have set health and safety targets for 2030. Refer to the sustainability reports of our operating companies for further information.
1. LTIR represents the number of lost time injuries per 100 full-time equivalent employees per year [calculated as the number of lost time injury cases multiplied by 200,000 and then divided by total hours worked].
Our Zero Harm commitment requires everyone, regardless of seniority or job responsibilities, to go beyond compliance, proactively eliminate potential hazards, and create a safe workplace. Health and safety reviews are conducted at our operating companies and results reported to the Audit Committee. Division heads have pay-linked safety performance objectives.
Swire Properties, Swire Coca-Cola, HAECO, Swire Waste Management, and Taikoo Sugar have safety management systems that are certified to the stringent ISO 45001 standard.
Swire Properties adopts a proactive approach by embedding robust safety systems, delivering comprehensive training, and prioritising hazard prevention throughout its operations. Its Health and Safety department reports directly to its Chief Executive, and its Head of Health and Safety delivers health and safety briefings every two weeks to the Chief Executive. Health and safety is also a standard agenda item at Executive Committee meetings. Its Chief Executive's variable compensation is linked to health and safety related metrics.
In 2025, approximately 87% of its assets1 in Hong Kong and the Chinese Mainland, including its residential portfolio, conformed to ISO 45001 systems. Swire Hotels' Safety Management System is aligned with the principles of ISO 45001: 2018.
Swire Coca-Cola's “Zero is Possible” strategic framework focuses on governance, fostering a strong safety culture, conducting continuous risk assessments, building our capabilities for investigation and applying learning, and strengthening our route-to-market (RTM) and in-plant safety performance. 100% of its bottling plants are certified to ISO 45001. Its Safety Management System Improvement Framework guides its approach across six areas:
Effective governance and policies
Building a strong safety culture
Robust risk assessment
Thoroughly investigating and learning from incidents
Safety in its factories
Safety on roads and routes-to-market
HAECO prioritises health and safety through robust management systems, continuous training, proactive risk management, and fostering a strong safety culture via employee engagement and leadership commitment.
1. Calculated based on the percentage of employees.
We expect our contractors to observe high safety standards and centrally track contractor safety data to facilitate continual improvement. In the event of serious incidents, we conduct thorough investigations and enhance contractor safety management protocols accordingly.
Swire Properties has set a target to reduce its five-year rolling average accident rate per 1,000 contractor workers in its Hong Kong new development projects by 70% by 2030, from a 2015-2018 baseline. Its Design for Safety programme, a collaboration between architects, engineers, contractors, safety professionals and its internal technical and property management teams, focuses on integrating safety considerations into the planning and design phases of construction or renovation projects. Refer to Swire Properties' Sustainability Report 2025 for further information on its contractor safety programmes and monitoring.
Swire Properties launched a Deep Dive Safety Inspection Programme across its operations to identify and address potentially serious hazards and to raise safety awareness. Design for Safety is also included in its Development Charter as a preventative strategy to remove hazards before they are introduced to the workplace via adoption of safe design principles. Design for Safety is a safety requirement for new projects and major alteration works.
Swire Coca-Cola has a company-wide integrated digital H&S system, enabling all markets to effectively manage daily safety activities, incident reporting and enhance overall safety performance.
HAECO continues to use Behaviour-based Safety Observation (BBSO) to identify and address unsafe acts and to embed safety into day-to-day operations.

HAECO’s teams in the Chinese Mainland have been strengthening their safety culture and employee engagement through initiatives that go beyond formal training.
Programmes such as safety open days and family gatherings have helped employees and their families connect more deeply with the workplace, while the Safety Influencer Team programme has empowered staff to actively promote safe practices and speak up when they observe risks. These efforts have already fostered stronger team spirit and heightened safety awareness.
HAECO aims to embed a culture of care, accountability, and collaboration that supports both operational excellence and employee well-being.
We have a crisis reporting policy and crisis management guidelines, which help to build business resilience through crisis preparedness, business continuity, and disaster recovery planning. Reporting and information exchanges within the Group have improved, facilitating a faster response and recovery.
We care about the mental and physical health and wellbeing of our people. We have 24-hour professional personal counselling and consultation (PPCC) hotlines to help employees deal with stress, relationships, parenting, trauma or grief, and preparation for retirement. We use experienced counsellors, social workers, and clinical psychologists to provide confidential professional advice and guidance.
We promote work-life balance and encourage employees to lead active lifestyles. We offer physical wellbeing programmes and wellness events covering topics such as mental health and financial planning. Additionally, in Hong Kong we offer wellness dollars, which provide employees with financial support to engage in wellness-related activities and resources.
Our businesses run campaigns to promote employee wellbeing and to help our people feel more connected to the company and to each other.
Swire Properties has set targets to achieve Wellbeing Index scores of more than 80% by 2030 through its employee sentiment engagements. In 2025, it launched the “Nature Inspired Offline Club” in collaboration with People+, its staff wellbeing programme. This series of lunch-hour and after-work gatherings encouraged employees to unplug and focus on human connection through nature-inspired activities.
Swire Coca-Cola annually marks World Mental Health Day with a series of group-wide initiatives to champion mental health in the workplace. The campaign aims to raise awareness about mental health issues, increase familiarity with its Employee Assistance Programme, and help more staff feel valued and supported at work. It also runs Employee Appreciation Days at its offices in Hong Kong, the Chinese Mainland, Taiwan and South East Asia.

Route-to-market (RTM) safety remains a critical challenge across markets.
In the Chinese Mainland, the “16 Sales Safety Rules” tackle key risks facing our sales representatives including vehicle pre-checks, helmet use, seat belt enforcement, cautious driving at crossroads, and even less common hazards.
Concurrently, Swire Coca-Cola's operations in Hong Kong, Taiwan and South East Asia are rolling out the RTM Safety Step-Change Framework, founded on six pillars: telematics with AI-driven analytics and real-time in-cabin alerts, rigorous third-party logistics safety management and governance (3PL), clear vehicle use policies, targeted two-wheel vehicle safety measures, comprehensive driver coaching and certification, and dynamic communication campaigns.
This integrated strategy aims to cultivate a strong culture of safety ownership and deliver measurable improvements, ensuring the protection of drivers and sales personnel who are on the road every day.

Swire Properties is pioneering the use of a Remote Control Tower Crane system at its retail development in Xi’an. With the crane operator on the ground and utilising AI technology, the system eliminates the need for crane operators to work from height. Instead, the operator drives the crane from a ground-level cabin featuring central control panels and real-time camera displays that enhance situational awareness and operational safety.
This approach also provides operators with an unobstructed view of the load line and the entire construction site, minimising the chances of collisions or accidents caused by limited visibility.
Following comprehensive diversity, equity, inclusion and belonging assessments completed by our core operating companies, individual multi-year DEI roadmaps were implemented in 2025. These roadmaps work as compasses to further enhance DEI within the Group and cover various aspects of the employee lifecycle, supporting our existing strategic DEI framework.
We remain committed to leveraging data and employing social research methodologies to strengthen our capacity in integrating DEI principles into our daily business operations and enhancing the workplace experiences.
To progress our agenda, we have a strategic DEI framework which includes promoting employee engagement, attracting and managing talent, fostering an inclusive culture, measuring our progress, and sharing our achievements externally. In 2025, we initiated the development of an updated strategic DEI framework which will be introduced to our businesses in 2026.
The Swire Diversity and Inclusion Steering Committee (DISC), jointly chaired by Swire Coca-Cola's CEO, Greater China and the People Director of John Swire & Sons (H.K.) Limited, provides guidelines about diversity and inclusion to the Group and formulates policies designed to promote a diverse workforce and an inclusive working environment for all Group employees.
We believe in creating an environment where people feel comfortable at work and able to realise their full potential. Our Human Rights Policy sets out our expectations on DEI, employment, health and safety and reporting. We have implemented a range of inclusive policies including the Flexible Working Policy and Respect in the Workplace Policy, which along with our Human Rights Policy prohibits discrimination and harassment. Anti-discrimination and harassment training is mandatory for all employees during onboarding.
Breaches of our policies can be reported to the People department, to the relevant line manager, through EthicsPoint (a third-party service provider), and reports can be sent through one of three dedicated email accounts for investigation and remediation.
Further information on our reporting and investigation guidelines are available in our Respect in the Workplace Policy.
As part of our ongoing commitment to promoting inclusion, we are actively seeking feedback from employees to assess the effectiveness of these policies and identify additional measures to enhance inclusivity within the Group.
All Swire Pacific sustainability related policies are available on our website. A list of those related to People is provided at the end of this section.
As of the end of 2025, women occupied 37% of all management positions and 27% of Strategic Leader roles. This represents an increase of 1% in management positions and a decrease of 2% in Strategic Leader roles. Additionally, 27% of Swire Pacific's directors are women. We maintained our target of achieving an average of not less than 30% of female Board representatives over any three-year cycle.
Swire Properties has exceeded its goal for women at the Strategic Leader level, and Swire Coca-Cola and HAECO have made notable progress in increasing the number of women in strategic leadership.
Fostering diverse representation across all levels of our workforce is paramount to cultivating an inclusive work environment. In line with our dedication to promoting gender equality, we aim to maintain not less than 30% female Board representatives on average over any three-year cycle.
The average female representation on the Board over the past 3-year cycle is over 30%. Swire Properties also has targets for gender diversity in strategic leadership and gender pay ratio, while Swire Coca-Cola and HAECO actively pursue equitable and inclusive workplace strategies. Further information is available in the sustainability reports of these companies.
Our Goals
Build a diverse and inclusive workplace environment
Be recognised and ranked as a diversity and inclusion leader in the areas where we operate
Use our influence to promote diversity and inclusion in our supply chain
Gender pay gap refers to the difference between the mean basic pay for men and women, expressed as a percentage of men's average earnings. It is calculated by subtracting the average female salary from the average male salary and then dividing it by the average male salary.
Tracking and reporting gender pay gap strengthens transparency and guides targeted actions that support a fair, inclusive and high‑performing workforce. As a diversified conglomerate, Swire Pacific's businesses operate in sectors with vastly different pay structures, job families, and gender representation. We therefore report gender pay gap by operating company and employee category. These figures do not capture all facets that can result in differences in pay, but they serve as a starting point for further exploration by our People department and those of our operating companies.
An existence of a gender pay gap emphasises the importance of taking further action to support and empower women in their career advancement. To address this, Swire Pacific and our operating companies place significant emphasis on fostering diversity, equity, and inclusion at every stage of an employee's career. As part of its refreshed sustainability strategy Swire Properties aims to achieve a 0% gender pay gap by 2030.
Swire Pacific is dedicated to fostering an inclusive workplace where all employees can thrive and succeed, regardless of their age, gender, gender identity, disability, ethnicity, or sexual orientation.
In addition to the diversity, equity, inclusion and belonging (DEIB) assessments completed in 2023-24, where interviews and focus groups were held to better understand the employees perceptions of their work experiences, most of our operating companies also carry out annual employee engagement surveys and pulse surveys to collect employee feedback and measure the overall engagement levels.
As a testament to our strive to provide great places to work, we are proud to have won numerous workplace related awards in 2025, including:
HAECO - Best Companies to Work for in Asia 2025 by HR Asia
HAECO - HKIHRM HR Excellence Awards 2024/2025 Ceremony:
"Excellent" - HR Analytics Award
"Merit" - Employer Branding Award
Swire Coca-Cola HK - Best Workplaces for Women™ in Greater China 2025 by Great Place To Work™
Swire Hotels - HKIHRM HR Excellence Awards 2024/2025 Ceremony:
"Excellent" Employer of the Year
"Elite" Grand Award of Employee Experience
"Excellent" Best Workplace Award
"Excellent" Employee Happiness Award
Swire Properties - HKIHRM HR Excellence Awards 2024/2025 Ceremony:
“Elite” – Talent Acquisition Award
Our aim is to cultivate a workplace that values and promotes gender equity, employee wellbeing and empowers women and men to thrive and contribute to their fullest potential. We actively demonstrate our commitment to gender equity through initiatives, internal events, and collaborations focused on promoting gender equity, and dismantling barriers and biases that have hindered women's full participation in the workforce.
The Swire Women’s Network is an internal employee network that supports the career growth of women. It serves as a platform for employees to connect, share experiences, and advocate for gender equity and inclusion.
Swire Properties has established the Gender Equity Network - an internal initiative designed to promote gender equity, dismantle barriers, and foster an inclusive workplace culture. In Hong Kong, it has also set up a collaborative business network - the Taikoo Women’s Inspire Network (Taikoo WIN) - with two Taikoo Place tenants. Taikoo WIN’s mission is to create a community that supports women working for professional firms and companies based in the Taikoo Place area.
Swire Coca-Cola has a Diversity and Inclusion Board chaired by its Chief Executive Officer. In the Chinese Mainland, Swire Coca-Cola's “Dream Team” female leadership development programme aims to support women in developing leadership skills and career pathways. The programme includes learning from senior leaders, peer sharing, development tools, online courses and community support. It empowers women to express their career aspirations and strengthen inclusive leadership across the organisation and has achieved encouraging rates of female progression as of the end of 2025.
Due to the nature of its business, HAECO’s workforce is predominantly male. To address this imbalance, the HAECO Women’s Network aims to empower women and foster leadership development. Each year, HAECO marks International Women in Engineering Day by celebrating the achievements of its skilled female engineers, showcasing the work and achievements of its female engineers and partners, and running outreach programmes with Hong Kong schools to encourage the next generation of female engineers within the aviation sector.
Most of our operating companies have Male Allies networks that promote gender balanced values and behaviours, as well as programmes to improve men’s well-being. We also partner with The Women’s Foundation, with members across the Group participating in their Male Allies Programme.

Traditionally part of a male-dominated sector, HAECO is actively implementing initiatives to support women's entry into the aircraft engineering industry and promote their career development.
HAECO Hong Kong (in collaboration with Cathay Pacific and The Women's Foundation), and HAECO Composite Services in the Chinese Mainland jointly welcomed aspiring young women to immersive aviation experiences as part of the global Women in Aviation International initiative. The companies collectively hosted 100 young women and students, providing them with exposure to various aspects of aviation. Participants interacted with female HAECO staff, who shared insights into their professional journeys, toured hangars, explored robotic solutions, and utilised training facilities.
Through such initiatives, HAECO continues to demonstrate its commitment to empowering future leaders and advancing diversity and inclusion within the industry.
We have made significant efforts to establish an age-neutral and multi-generational workplace by implementing a diverse range of aging-friendly initiatives across the Group and enabling intergenerational connections and mutual learning.
Swire Properties' 36-month Property Executive Programme in the Chinese Mainland is designed to nurture young talent for Swire Properties’ operating companies, offering trainees extensive cross-departmental experience and exposure to various markets and cultures. A key component is a Monthly Lecture Series, which prepares first-year executives for future managerial roles through strategic insights from company leaders into Swire Properties' operations including its SD 2050 Strategy, innovation, and placemaking projects.
Swire Coca-Cola's people development initiatives include a focus on engaging younger employees through targeted programmes across Greater China. Initiatives cover tailored training, management interaction, HR talent sponsorship, job shadowing, and cross-generation workshops. These initiatives help to strengthen diversity and inclusion, and collaboration efforts across age groups by involving young staff in decision-making, fostering industry-academic relationships, and addressing generational stereotypes.
HAECO' s CrossGen Network aims to make everyone feel heard, raise awareness, and promote inclusivity and effective contributions in the workplace.
Swire Pacific and our operating companies proudly stand as a signatory to the Racial Diversity & Inclusion Charter, initiated by the Equal Opportunities Commission in Hong Kong. Through our endorsement of the Charter, we affirm our dedication to promoting equal employment opportunities for ethnic minorities and fostering a culture of racial diversity within the Group.
We actively engage in partnerships with NGOs to uplift the wellbeing of ethnic minorities, as exemplified by our provision of job and internship opportunities aimed at supporting and empowering the community. Employee networks form an important part of many of our operating companies’ DEI strategies.
Swire Coca-Cola offers a preparation programme for migrant workers in Taiwan with language classes, buddies, and translation apps to minimise language barriers and support the adjustment to a new workplace.
HAECO actively cultivates a workplace where ethnic and cultural diversity is both acknowledged and embraced. The HAECO Ethnicity Network promotes racial and cultural diversity and fosters inclusion through a range of creative and engaging initiatives.
This year, to celebrate the World Day for Cultural Diversity, we hosted a session on intercultural communications, highlighting how people from different cultures can experience life and work interactions differently and to what extent stereotyping is helpful or harmful. To celebrate Diversity Month, a Swire Around the World event was organised that honoured the cultural roots of our people. The event featured a sharing of traditional dishes which reflected the heritage and identity of participants.
We are dedicated to creating an inclusive workplace that embraces disability inclusion, ensuring equal employment and advancement opportunities for individuals with disabilities, while actively striving to eliminate discriminatory practices.
We place significant emphasis on empowering individuals with disabilities through inclusive recruitment practices and comprehensive job training initiatives. In Hong Kong, Swire Pacific and three of our operating companies participated in CareER's Inclusive Recruitment Fair 2025, engaging with candidates with disabilities. The event provided valuable insights into individuals’ career aspirations while exploring potential employment opportunities within the Group. In addition, we signed the Talent-Wise Employment Charter to reinforce our support for persons with disabilities.
Swire Pacific, along with several of our operating companies, were recognised as CareER Disability Inclusive Employers during the CareER Disability Inclusion Index Forum. Swire Pacific and Swire Properties were awarded Level 1 and 2 Disability Inclusive Supporter status, respectively, under the Hong Kong-based ‘Diverse Abilities - Inclusive Workplace Recognition Scheme’ introduced by the Labour and Welfare Bureau. These awards show that both businesses are taking steps to support the employment of persons with disabilities.
Swire Properties’ hotels continue their collaborations with NGOs to foster equal opportunities for students. Upper House Hong Kong collaborates with the Hong Kong Down Syndrome Association on its UPSTAIRS Programme, providing trainees the opportunity to receive practical training and gain hands-on experience at the hotel for one month. EAST Hong Kong collaborates with the Jockey Club Sarah Roe School, the only English Schools Foundation school in Hong Kong catering to students with learning disabilities, on their annual student vocational training and work experience programme.
HAECO’s Ability Allies is a network that aims to actively promote disability inclusive workplace behaviours and values through employee engagement, and to enhance the accessibility of the physical working environment for all its employees.
We focus on inclusion through various initiatives aimed at creating a safe, inclusive, and affirming workplace for all employees.
For Pride Month, Swire Properties partnered with Hong Kong NGO PrideLab in an event where individuals from LGBTQ+ backgrounds shared their personal stories and in Miami it ran a month-long series of events. HAECO hosted a quiz and lucky draw.
Pink Friday is an annual event that gives visible support to LGBTQ+ employees. Swire Pacific hosted an interview with Mike Kung, Executive Director, Senior Counsel and Senior Compliance Officer at Goldman Sachs, to explore Pink Friday and the impact it is having on driving LGBTQ+ inclusion in workplaces.

Swire Properties and Swire Hotels are committed to furthering disability inclusion. Equitable employment opportunities are key to unlocking individual potential and promoting integration.
In 2025, Swire Properties deepened its commitment to inclusive employment by signing the Talent‑Wise Employment Charter and joining Hong Kong’s “Caring Employer” initiative—actions aimed at expanding opportunities for people with disabilities and special educational needs. The company continued its long‑standing partnership with CareER, a non‑profit that connects employers with jobseekers who have diverse abilities, and worked alongside other Swire Pacific companies to assess and improve inclusion practices through CareER’s annual Inclusion Index.
Upper House Hong Kong continued its UPSTAIRS Programme with the Hong Kong Down Syndrome Association, providing trainees with a month-long immersive hotel training experience. EAST Hong Kong also maintained its partnership with the Jockey Club Sarah Roe School, offering ongoing vocational training and work‑experience opportunities for students with learning disabilities.

In Vietnam, Swire Coca-Cola is cultivating young talent through specialised programmes that offer hands-on experience and leadership development. The Coca-Cola STEMX Internship Programme is a three-month initiative for final-year STEM students, focusing on building a strong and diverse supply chain pipeline, with a notable emphasis on women’s participation. This programme has onboarded two batches, resulting in 40 interns gaining practical skills and three being converted to official roles.
The Coke Steps (2025) programme, a three-month apprenticeship, is offered in Hanoi and Ho Chi Minh City to empower passionate young sales professionals, achieving a 50% female apprentice rate and retaining 70% of its first cohort by converting them into sales representative roles.
Additionally, the On-campus Fulbright Leadership Acceleration Programme aims to accelerate leadership development among young professionals. Through immersive learning and real business challenges, its cohorts generate multiple business cases and pitch to senior leadership.
In 2026, we will continue to promote a proactive and preventative health and safety strategy with a structured approach to post incident investigation and in-depth analysis of the root causes of incidents. We will maintain our focus on contractor safety performance which we see as integral to the overall safety of our businesses. Where appropriate we will look for more opportunities to adopt technology to eliminate risks and improve our overall health and safety performance. Group Risk Management and the Swire Pacific Board will continue to monitor and assess emerging health and safety risks.
Following the completion of DEIB assessments across the Group, and with individual DEI roadmaps finalised and KPIs in place, we are well-positioned to advance our DEI agenda by integrating these principles into our operational practices.
Our operating companies will continue to execute targeted initiatives designed to strengthen and enhance DEI throughout the Group. Furthermore, acknowledging that DEI extends beyond diversity alone, we will introduce an updated strategic DEI framework, serving as a comprehensive guide for DEI efforts across the organisation.
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