Hang Lung Wins First Hong Kong Law Awards

HONG KONG,Sept. 17,2018 -- Hang Lung Group is proud to have won the "Construction and Real Estate In-House Team of the Year" award for the first time at the 17th Asian Legal Business Hong Kong Law Awards 2018,organized by the renowned publication for legal professionals,Asian Legal Business (ALB). The award is a tribute to Hang Lung's unwavering commitment to making its management philosophy We Do It Right a reality in all aspects of its business.

Director - General Counsel & Company Secretary of Hang Lung Properties,Ms. Margret Yan (3rd from left) and her team receive the "Construction and Real Estate In-House Team of the Year" award at the 17th Asian Legal Business Hong Kong Law Awards 2018

Hang Lung's in-house legal team has been instrumental in providing legal support to the Group and its subsidiaries,ranging from corporate financial issues,compliance,land acquisition,operational issues,taxation issues and insurance. The team has consistently strived to sustain and exceed the highest standards of excellence across all areas of the Company's business and to create unparalleled value for stakeholders.

Ms. Margaret Yan,Director- General Counsel & Company Secretary of Hang Lung Properties,said,"We are honored to receive the award. The in-house team is responsible for responding to the changing legal risks that the Group faces in every area of its operations. There has been much communication and best practice sharing among team members,regardless of location or functional expertise. The award underscores our team's hard work in providing practical and legal solutions to other departments,as well as helping them with the preparation of policies and their interpretation,and with regular training sessions on relevant topics."

ALB organizes the annual ALB Hong Kong Law Awards to acknowledge the outstanding performance of private practitioners and in-house teams in Asia. This year,the prestigious event presented awards in 45 categories including new awards for Insurance In-House Team of the Year and Transportation and Logistics In-House Team of the Year.

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101),a constituent stock of the Hang Seng Index,Hang Seng SCHK High Dividend Low Volatility Index,Hang Seng Low Volatility Index,Hang Seng Corporate Sustainability Index in Hong Kong,and the Dow Jones Sustainability Asia Pacific Index,is a leading real estate developer operating 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,with our distinctive footprint now fully established in Shanghai,Shenyang,Jinan,Wuxi,Tianjin,Dalian,Kunming,and Wuhan,with all the Mainland projects carrying the "66" brand. In May 2018,Hang Lung won an auction for a prime plot of land in Hangzhou,marking the Company's expansion to its ninth Mainland city. As Hang Lung's business continues to grow,the Company is set to develop into a highly admired national commercial property developer in China.

Photo - https://photos.prnasia.com/prnh/20180917/2239346-1