The Boards of Directors (the "Boards") of Hang Lung Group Limited ("HLG") and Hang Lung Properties Limited ("HLP") (collectively the "Group") announced that with effect from October 6, 2021, Mr. CHIU Ka Kui, Kenneth will be appointed as an Executive Director of HLG and HLP. Mr. HO Hau Cheong, an Executive Director of HLG and HLP will retire on March 1, 2022. Mr. Chiu, aged 46, has over 23 years of experience in investment management, corporate finance, and accounting in the Asia Pacific region. Mr. Chiu previously served as the Chief Financial Officer of Gaw Capital Partners, where he headed the finance function from 2013 to 2021.