Hang Lung Publishes 2013 Annual Reports
Chairman Ronnie Chan Discusses E-Commerce Trend

(Hong Kong, March 21, 2014) Hang Lung Group Limited (HKSE stock code: 10) and Hang Lung Properties Limited (HKSE stock code: 101) today published their annual reports for the 2013 financial year running from January 1 through December 31.

The reports describe the progress the companies have made during the year, using iconic representations of timeless design classics. These symbols stand for the care and quality that go into all of Hang Lung's world-class buildings and the unparalleled value the companies have delivered to their shareholders, tenants and customers.  

"We Do It Right" continued to be a guiding force for the companies during the year. Through the reports, Mr Ronnie C. Chan, Chairman of Hang Lung Group Limited and Hang Lung Properties Limited, has once again clearly articulated the key achievements of the companies, their strategic initiatives and prospects.

Mr Chan spends a considerable part in his letter to shareholders talking about the rapid development of e-commerce in the Chinese market. He reiterates the companies' insistence on maintaining the four competitive advantages, namely top location, adequate size, superior design and high quality of construction. These widely recognized attributes make the companies well equipped to face the challenges brought about by e-commerce as well as the relatively moderate economic growth currently seen on the Mainland.

Mr Chan also reveals that much effort has been made in recent years to strengthen and expand the companies' management team in terms of quantity and quality. He is pleased to record that this initiative has started to bear fruit. More will continue to be done to build a corporate culture in order to supplement the systems and the people to meet the needs of the expanding portfolio.

The highlight for the companies in 2014 will be the grand opening of another world-class project, Riverside 66 in Tianjin, in the third quarter. Leasing at the mall is progressing well and commitments from anchor tenants and international brands have been secured. Anticipation has begun to grow among tenants, consumers, the media as well as the local government over the prospects for this new iconic landmark in Tianjin.

The FY2013 annual reports are now available for downloading from the Hang Lung corporate website at www.hanglung.com.

Hang Lung Group
http://www.hanglung.com/HLGAnnualReport2013/index.html

Hang Lung Properties
http://www.hanglung.com/HLPAnnualReport2013/index.html

About Hang Lung Group
Hang Lung Group is listed on the Stock Exchange of Hong Kong Limited and is one of the most established listed companies in Hong Kong with more than 50 years of experience in the property development market. Through its subsidiary - Hang Lung Properties Limited - the Group has built a leading reputation as a top tier property developer in Hong Kong and on the Mainland, with a recognized commitment to quality. The Group's businesses in Hong Kong include property development for sale and lease. Its substantial portfolio includes well-planned large-scale commercial, office and residential developments in prominent locations. In November 2009, Hang Lung Group was named among the Ten Best Performing Companies in Corporate Governance Score in a survey jointly organized by The Hong Kong Institute of Directors and Hong Kong Baptist University.

About Hang Lung Properties
Hang Lung Properties Limited, a constituent stock of the Hang Seng Index and Hang Seng Corporate Sustainability Indices in Hong Kong, is a leading real estate developer in Hong Kong and mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the Company has progressively branched out into the Mainland since the 1990s, building, owning and managing world-class commercial complexes in key cities, projects that have earned international acclaim for their exceptional quality of architectural design, services and sustainable features.

Riding on the immense success of its two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66, the Company's footprint has expanded to Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming and Wuhan, with all the Mainland projects carrying the "66" brand. Subsequent to the grand openings of Parc 66 in Jinan as well as Palace 66 and Forum 66 in Shenyang over the past few years, Center 66, another world-class investment property in Wuxi, came into operation in September 2013. As Hang Lung's business continues to grow, the Company is set to develop into the most admired mega national commercial property enterprise in the market.

Media contact:
Betty Law
Senior Manager
Corporate Communications
BettyLaw@hanglung.com

Cheung Ka Wing
Assistant Manager
Corporate Communications
WingKWCheung@hanglung.com

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Hang Lung Group and Hang Lung Properties have published their 2013 Annual Reports, recording the achievements and strategic developments in the reviewed financial year.
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